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

Maggie Valley NC Housing Market Report.

@ Susie Blackmon

The housing market report chart below compares 2009 residential sales in Maggie Valley thru December 12th to the same period for the previous 5 years.

As of December 12, Maggie Valley had 286 active listings in the MLS. The Average Listing Price for the active listings is $350,512 (note that the Average Selling Price in the chart below is $250,803), and the average days on the market for the active listings is 257. Too many over-priced homes, along with Maggie Valley being a second-home market, albeit in the best of times, are two contributing factors to the time it takes to sell a home right now in Maggie Valley.

Inventory and Absorption

Active Listings 12/12 in Haywood County (1,179):

• Maggie Valley ~ 286
• Waynesville ~ 543
• Canton ~162
• Clyde ~ 161
• Lake Junaluska ~ 23

At the rate we are selling homes right now in Maggie Valley, we have an absorption rate of approximately 36.7 months. In other words, we have an inventory that will take 3 years to sell at the present rate of sales. A 6 to 8 month inventory is what would be considered a healthy, good market.

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

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This entry was posted on Sunday, December 13th, 2009 at 1:42 pm and is filed under Maggie Valley Market Reports, 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. Haywood County NC ~ 2009 Sales by Subdivision ~ Through 12/12/09. | Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate said at December 14th, 2009 at 6:55 am

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2. Haywood County NC ~ Active Residential Listings vs. What IS Selling. | Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate said at December 29th, 2009 at 5:01 am

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