Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate

Maggie Valley, NC – Market Report – August 2008.

Maggie Valley, NC recorded 8 residential real estate sales in August 2008 as of 08/01, and the average number of days it took to sell the 8 homes was 176. The most expensive home sold in August in Maggie Valley SOLD for $285,000; the least expensive home sold for $130,000.

Asking and Selling prices are down and, in fact, the lowest in 2008, just as are the County-wide numbers.  The number of homes on the market in Maggie Valley as of today (Sep 3) is 278.

Absorption Rate.

We have had a 24.7% increase in Maggie Valley inventory to date since January 2008, which at the present rate of sales means we have an inventory that will take 36.1 months to sell (a/k/a “Buyer’s Market”).  A 6-month inventory is ‘normal.’  An inventory below the 6-month level is a “Seller’s Market.”

Curious about what ‘absorption rate’ means?  Read this great explanation from Heather Barr’s Real Estate Glossary.

Source: MLS. Data deemed reliable but, not guaranteed.

See the August Haywood County, NC Market Report.

See the Maggie Valley, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

This entry was posted on Wednesday, September 3rd, 2008 at 2:46 am and is filed under Maggie Valley Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Heather Barr said at September 3rd, 2008 at 11:33 am

   Hello!
   Thank you so much for linking to my Real Estate Glossary. I’m happy you found me and that it caused me to find you. Love your site and will come back often! Of course, if I ever have a client relocating to your corner of NC, I certainly will.
   Heather

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