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.

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

Related articles by Zemanta

• 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)

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.

Related articles by Zemanta

• Top 3 Most Expensive Home Sales in the Maggie Valley, Waynesville NC Real Estate Market for 2009. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• Daily Updates: NEW Maggie Valley, Waynesville and Asheville Listings. (buckingtherealestatetrend.com)
• Haywood County NC – Residential Real Estate Sales 5-Yr Comparison YTD. (buckingtherealestatetrend.com)
• Haywood County NC Real Estate Market Statistics – List-to-Sell Percentages. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

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.

Related articles by Zemanta

• Top 3 Most Expensive Home Sales in the Maggie Valley, Waynesville NC Real Estate Market for 2009. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• Daily Updates: NEW Maggie Valley, Waynesville and Asheville Listings. (buckingtherealestatetrend.com)
• Haywood County NC – Residential Real Estate Sales 5-Yr Comparison YTD. (buckingtherealestatetrend.com)
• Haywood County NC Real Estate Market Statistics – List-to-Sell Percentages. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)
• Quick Look at Price Per Square Foot Numbers for Haywood County Home Sales. (buckingtherealestatetrend.com)

• 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.

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

Related articles by Zemanta

• Daily Updates: NEW Maggie Valley, Waynesville and Asheville Listings. (buckingtherealestatetrend.com)
• Haywood County NC – Residential Real Estate Sales 5-Yr Comparison YTD. (buckingtherealestatetrend.com)
• Haywood County NC Real Estate Market Statistics – List-to-Sell Percentages. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)
• Quick Look at Price Per Square Foot Numbers for Haywood County Home Sales. (buckingtherealestatetrend.com)

• There are 1,080 active listings this morning in Haywood County, NC, on the market an average of 267 days.
• Average Listing $ for the active listings is $326,439. (We remain in denial. See pending transactions below.)
• Average Selling $ Year-to-Date is $215,211.
• *****Pending transactions for February total 14 (as of 02/26); the Average Listing $ for the Pending transactions is $142,686.*****
• There are 21 homes In Foreclosure (in February) at an Average Listing $ of $186,628.
• Absorption rate/inventory is approximately 32 months.

YEAR-TO-DATE 5-YEAR COMPARISON.

MONTH-TO-DATE 5-YEAR COMPARISON.

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

Related articles by Zemanta

• Haywood County NC Real Estate Market, Including Maggie Valley and Waynesville ~ 02/22 Snapshot. (buckingtherealestatetrend.com)
• Maggie Valley NC ~ 5-Yr Residential Real Estate Sales Comparison. (buckingtherealestatetrend.com)
• Haywood County NC ~ 2009 LAND Sales 5-Yr Comparison ~ Year End. (buckingtherealestatetrend.com)
• Haywood County NC Real Estate Market Statistics – List-to-Sell Percentages. (buckingtherealestatetrend.com)

The Haywood County NC real estate market, including Maggie Valley and Waynesville, has an increased number of closings (5) so far in February 2010 compared to the same period in 2009; however, the Average Selling Price is (approximately) 28% lower than at the same point in 2009, and the days-on-market are higher.

There are 13 pending transactions for February at the present time with an Average Listing Price of $204,446, and average days on market of 222.

Our absorption rate/inventory remains over 2 years’ worth. Foreclosures and short sales will continue to be a factor in our market.

Related articles by Zemanta

• Daily Updates: NEW Maggie Valley, Waynesville and Asheville Listings, Price Changes. (buckingtherealestatetrend.com)
• Haywood County NC ~ January 2010 Residential Real Estate Sales ~ Maggie Valley, Waynesville, Canton, Clyde. (buckingtherealestatetrend.com)
• Hot New Feature on Bucking the Real Estate Trend. (buckingtherealestatetrend.com)
• Top 3 Most Expensive Home Sales in the Maggie Valley, Waynesville NC Real Estate Market for 2009. (buckingtherealestatetrend.com)

Maggie Valley and Waynesville are broken out separately.

First-time home buyers and ‘distressed’ properties make up a large portion of our market. However, pricing homes for TODAY’S market is most important if you want to sell. There’s a reason the average days on market to sell a home is approximately 9 months … and that is an average – many homes for sale remain overpriced.


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

Related articles by Zemanta

• Haywood County NC ~ January 2010 Residential Real Estate Sales ~ Maggie Valley, Waynesville, Canton, Clyde. (buckingtherealestatetrend.com)
• Real Estate Market Snapshot, 02/11/10 ~ Maggie Valley, Waynesville, Haywood County NC. (buckingtherealestatetrend.com)
• Maggie Valley NC ~ Residential Real Estate Sales for 2009 by Month ~ Year End. (buckingtherealestatetrend.com)
• Haywood County NC ~ 2009 Residential Real Estate Sales by Month ~ Year End. (buckingtherealestatetrend.com)
• Wild Acres Neighborhood in Maggie Valley is a Mountain Winter Wonderland. (buckingtherealestatetrend.com)

Haywood County NC, as of early morning 02/16/10, has 1,081 active residential listings:

• Median listing $ ~ $240,000
• Average listing $ ~ $327,177
• Average days on market ~ 270
• Absorption rate ~ Unmentionable! Too much inventory.
• Median selling $ ~ $174,500
• Average selling $ ~ $207,446

Statistics on the 36 residential closings to date in 2010:

Statistics on the 510 residential closings in 2009:

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

Related articles by Zemanta

• Haywood County NC ~ January 2010 Residential Real Estate Sales ~ Maggie Valley, Waynesville, Canton, Clyde. (buckingtherealestatetrend.com)
• Haywood County NC – Residential Real Estate Sales 5-Yr Comparison YTD. (buckingtherealestatetrend.com)
• Maggie Valley NC ~ 5-Yr Residential Real Estate Sales Comparison. (buckingtherealestatetrend.com)
• Wild Acres Neighborhood in Maggie Valley is a Mountain Winter Wonderland. (buckingtherealestatetrend.com)

Here’s a Haywood County residential real estate sales market report, including Maggie Valley, Waynesville, Canton and Clyde, to peruse with your coffee. Buy local coffee beans!

• Average days on market have increased.
• Average Selling Price is higher than the previous two years.
• The number of residential sales in January in Haywood County are down from the previous two years.

Relevant USA Today article about housing market:

• The key to any market stabilization will be what happens after the tax credit expires on April 30.

Related articles by Zemanta

• Haywood County NC ~ 5-Yr Residential Real Estate Sales Comparison ~ 2009 Year End. (buckingtherealestatetrend.com)
• Maggie Valley NC ~ Residential Real Estate Sales for 2009 by Month ~ Year End. (buckingtherealestatetrend.com)
• Waynesville NC ~ 2009 Residential Real Estate Sales by Month ~ Year End. (buckingtherealestatetrend.com)

Here is real estate market snapshot for Maggie Valley, Waynesville and all of Haywood County NC compiled early this morning (02/11/10).

There are 1,082 active residential listings in Haywood County NC today (02/11/10).

NOTE: Here are today’s updates to the 02/05/10 Maggie Valley landslide ~ mudslide story.

• Mudslide road clearing could start Sunday.
• Messy lawsuits ….
• Could have been twice as bad ….

Related articles by Zemanta

• Maggie Valley NC ~ Residential Real Estate Sales for 2009 by Month ~ Year End. (buckingtherealestatetrend.com)
• Wild Acres Neighborhood in Maggie Valley is a Mountain Winter Wonderland. (buckingtherealestatetrend.com)
• Waynesville NC ~ 2009 Residential Real Estate Sales by Month ~ Year End. (buckingtherealestatetrend.com)