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Snapshot of 2010 Home Sales in Maggie Valley, Waynesville (Haywood County), NC.

Posted March 15th, 2010 by Susie Blackmon

: Image by susieblackmon via Flickr

The chart below provides a comparative snapshot of 2010 Home Sales in Maggie Valley and Waynesville as of 03/14/10.

There are 1,105 active listings 03/14 in Haywood County, NC, on the market an average of 258 days.
Average Listing $ for the active listings is $329,786. (We remain in denial. See pending transactions below.)
Average Selling $ Year-to-Date is $206,272.
*****Pending transactions for March total 8 (as of 03/14); the Average Listing $ for the Pending transactions is $206,312.*****
There are 36 In Foreclosure and Short Sale listings as of 03/14. Click here to see the 36 foreclosure listings in Haywood County (Maggie Valley, Waynesville area).
Click here to see the 133 foreclosure listings in Buncombe County (Asheville area).
Absorption rate/inventory is approximately 35 months.

03 14 HC 5 Yr Res Sales Comp for 01 01 thru 03 14

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

How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)
Homes for Sale in Maggie Valley, Waynesville, Asheville, etc. ~ DAILY UPDATES. (buckingtherealestatetrend.com)
Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)

Laurel Ridge Golf and Country Club, Waynesville NC, 2004 ~ 2009 Sales.

Posted March 8th, 2010 by Susie Blackmon

: Image by susieblackmon via Flickr

Laurel Ridge Golf and Country Club presents an exquisite lifestyle in the spectacular Great Smoky Mountains, features spectacular golf and mountain views, and is very conveniently located on the edge of the historic town of Waynesville, North Carolina. Life in the Laurel Ridge Golf and Country Club means you can live in quiet sophistication, close to Waynesville, Cataloochee Ski Area in Maggie Valley, and the beautiful Biltmore Estate in Asheville.

Laurel Ridge Golf Club was selected in 1992 as one of “America’s Best Courses,” and features a Bob Cupp designed golf course with 18-holes of championship golf amidst beautiful mountain views. Several years ago the Asheville Citizen-Times awarded Laurel Ridge Golf Club with the “Most Challenging Course” title in their ‘Hole-in-One Contest.” Some of the other Club amenities include clay tennis courts, a beautiful new clubhouse (entrance pictured above), restaurant, pro-shop and heated swimming pool.

What homes are for sale in Laurel Ridge Country Club? ***** Click to see Active Listings in Laurel Ridge *****

2004 ~ 2009 Sales Statistics for Laurel Ridge Country Club (from MLS):

03 07 Laurel Ridge Sales 2004-09

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

Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS.

Posted March 1st, 2010 by Susie Blackmon

: Image by susieblackmon via Flickr

A search of homes this morning (03/01/10) in Haywood County categorized in our MLS as In Foreclosure, REO or Short Sale rendered 40 listings, sorted by price range below.

Go to County/City tab here and insert MLS listing number if you want to look at any of the distressed properties, or feel free to contact me for further information.

Distressed properties on MLS as of 03/01/10:

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

Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds?

Posted March 1st, 2010 by Susie Blackmon

: Image by susieblackmon via Flickr

Sweet spots for pricing and ultimately selling a home in and around Maggie Valley and Waynesville (or, in other words, price ranges of homes that are selling right now) continue to hover between $100,000 to $300,000, judging by the number of sales during the past 6 months, and the list-to-sell percentages. High-end sales are ’sluggish’ … 687 days on market for the 1 sale of a $900,000 home.

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

Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC.

Posted February 28th, 2010 by Susie Blackmon

Statistics for the active residential listings in Haywood County, including Maggie Valley and Waynesville, on the last day of February 2010:

Average Listing $ ~ $325,000
Note: Average Selling $ for February closed transactions ~ $184,801
Active listings have been on the market approximately 266 days (8.9 months)
Closed transactions to date in February (31) were on the market approximately 224 days (7.5 months)

My read, in looking at the present residential real estate market in Haywood County, is somewhat ’skeptical’ as to projections as the majority of our sales at the present time are based on government loans. The REAL numbers based on the ‘true’ economy will evolve after the First Time Home Buyer Credit is not fueling (subsidizing) our market. Not to mention, we are back to putting people in homes with no money down. What is up with that?

Show me JOB GROWTH, nationally as well as locally, and I will feel things are moving in a sustainably positive direction, not only for real estate, but for the economy in general. In the meantime, the rodeo ain’t over yet.

This is not to take away from the fact that prices for many homes are much more realistic now, and that is good for both the Buyer and the Seller. Overpriced homes will not sell, I don’t care how many batches of fresh, hot cookies you bake for your open houses. We continue to have too many overpriced homes in Haywood County. A realtor is doing you no favor by taking your overpriced listing.

Six-month Sales Comparison – 2005 through 2010.

Looking at the chart below, we have 25 more sales for the (most recent) period of 09/01/2009 through 02/28/2010 than for the same period for the previous year, but the sales $ volume for this year, even though there are 25 more sales, is down .73% from the previous year. The distressed market is ‘correcting’ the average selling price, and I suspect we have a little bit more of a drop in the average selling price to go before we are finally bottomed out.

Look back to 2005 … and keep your eye on the numbers.