Bucking The Real Estate Trend

Waynesville, NC recorded 18 residential real estate sales in June 2008, and the average number of days it took to sell the 18 homes was 165. Very sluggish activity, considering the constant increase in the number of homes on the market.

The most expensive home sold in June in Waynesville SOLD for $440,000; the least expensive home sold SOLD for $45,000. The number of homes on the market in Waynesville as of this morning (July 3) is 590, up from 568 on June 1.

Absorption Rate.

The absorption rate is startling at 32.9 months. The inventory of homes on the market in all of Haywood County has increased 33% since January 2008.

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

See the June Haywood County, NC Market Report.

See my Waynesville, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

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Photo of the Day - Memories.

Susie Blackmon — Wed, 02 Jul 2008 15:41:13 +0000

©Susie Blackmon Photos

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Maggie Valley (Haywood County), NC - Market Report - 06/30/08.

Susie Blackmon — Wed, 02 Jul 2008 10:50:11 +0000

Maggie Valley, NC recorded 15 residential real estate sales in June 2008 as of 07/01, and the average number of days it took to sell the 15 homes was 124. Compared to the previous 5 months, Maggie Valley is rocking!

The most expensive home sold in June in Maggie Valley SOLD for $437,500; the least expensive home sold for $85,000. The number of homes on the market in Maggie Valley as of today (July 2) is 279.

Absorption Rate.

Maggie Valley’s absorption rate for June is drastically improved when compared to the previous 5 months! Let’s hope we are starting a trend.

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

See the June Haywood County, NC Market Report.

See my Maggie Valley, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

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Haywood County NC - Market Report 06/30/08.

Susie Blackmon — Tue, 01 Jul 2008 11:26:03 +0000

The Haywood County NC Market Report below includes residential real estate sales for Maggie Valley, Waynesville, Canton, Clyde and Lake Junaluska. The number of homes on the market in Haywood County since January 2008 has increased 29.4%. We need Biltmore Estate-sized logs to support everyone standing ‘on the fence’ at the moment.

Market Price Correction?

The Average Asking and Average Selling Prices in June are the lowest recorded this year. Unit sales are not near what they need to be; however, an early positive indication of the market price ‘corrections’ may be the decrease in days on market… if it persists.

Absorption Rate (Bigger is Not Always Better).

The inventory/absorption rate of homes presently on the market, based on 43 sales in June, is 28.7 months, the highest monthly absorption rate since January 2008. I said the same thing last month.

Haywood County, NC Active Listings as of 06/30/08

Haywood County Homes for Sale - Active - 1,234 Properties Found
Haywood County Land and Farms Properties - Active - 1,672 Properties Found
Maggie Valley Homes for Sale - Active - 286 Properties Found
Waynesville Homes for Sale - Active - 593 Properties Found
Clyde Homes for Sale - Active - 168 Properties Found
Canton Homes for Sale - Active - 159 Properties Found

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

See my Haywood County, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

Broker/(REALTOR®)

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Maggie Valley Hydrangeas, Transition to Luscious Lilac.

Susie Blackmon — Mon, 30 Jun 2008 13:03:14 +0000

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Beautiful Maggie Valley Log Home, Spectacular Views, REDUCED $101,000.

Susie Blackmon — Mon, 30 Jun 2008 10:36:52 +0000

The views from this ‘oversized log home’ in Maggie Valley were so beautiful, and truly breath-taking, that I didn’t want to leave when we finished our cookie cutter ‘realtors on caravan’ tour a couple of months ago. Selling my soul to stay up there came to mind. (No, it is not my listing, darn it.)

The price of this home was reduced on June 16th by $101,000 to $899,000 (MLS #4 13357). The [winter] photos posted for the listing do the home no justice (sorry, but that’s my opinion). This home is in Country Club Cove Estates in Maggie Valley, at 4200′ on a level ridge lot, and guest quarters that sleep 16… or your spouse!

There are more spectacular luxury homes for sale hidden here in the mountains of Western North Carolina, and with the overabundance of inventory here and almost everywhere, price reductions and deals are ripe for the picking. If only I had a trust fund…

See my Haywood County, NC Archive of Market Reports.

See my Maggie Valley, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

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Some (Not All) Kitties Find Homes at Sarge’s Cat Adoption Day.

Susie Blackmon — Mon, 30 Jun 2008 00:13:13 +0000

Today we held a Cat Adoption Day for Sarge’s Animal Rescue Foundation at the Waynesville COLDWELL BANKER Kasey & Associates office. Three of the kitties found homes, but there were too many more that didn’t. It seems that cat buyers (even when the cats are priced at a big discount) are as endangered a species as home buyers these days.

Sarge’s is a wonderful “shelter without walls” here in Haywood County, NC. Sarge’s currently saves animals that come from the Haywood County Animal Shelter by placing them in foster homes until their new homes are found. Their ultimate goal is to build “an Adoption Center with quarantine space, comfortable pens, outdoor runs, a cattery, areas for training and grooming.” ©Susie Blackmon Photos

Please sign up here if you would like to donate your time or your money to help Sarge’s, and check Sarge’s website for the next adoption day. Give a kitty a home or be a foster ‘parent.’ And please neuter or spay your animals.

THANK YOU to those who adopted a kitty today!

See my Photos of the Day.

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