The chart below breaks down the final numbers for all of Haywood County Residential Real Estate Stats for 2008 compared to 2007. As you can see our prices in Haywood County decreased by about 6% over last year. In relation to other parts of the country we can consider ourselves lucky.

Below is a look at residential sales in Haywood County NC for the month of September 08 vs 07. There a few positives in these numbers. Comparing back to 07 homes sold for a bit more in September 08 which tells us there was a small level of appreciation. You will also see that sellers came off their listing price futher which tells us sellers are willing to negotitate more. 

Here is a look at the August 2008 sales number for residential units. The most noticeable difference is the average list and sales price and the increased ability for buyers to negotiate price.

August 2008

Well, the summer is rolling along and I am happy to report that business has picked up in Maggie Valley and Haywood County. There is not a gold rush atmosphere by any stretch of the imagination, but the phone is ringing, folks are walking in, and other agents are showing our listings. All good news, but you cannot help to be on pins and needles that it will all end tomorrow. As a company we continue to build our listing inventory both residential and land listings. Below is a look at the July numbers for this year compared to last year for Haywood County NC for residential sales.

7/1/08 - 7/31/08                                                7/1/07 - 7/31/07

55 residential listings sold in May of 08 compared to 68 during the same time period last year. Below is a breakdown of the month of May for 2008 and 2007 and is for all of Haywood County and includes residential, condos, and townhomes.

May 2008                                                    May 2007

Hello!

I hope you had a great Memorial Day Weekend! It was a gorgeous weekend in the mountains of Western North Carolina! To answer the most important question up front, YES! The market is picking up in the mountains. We are seeing very heavy traffic during the weekends especially on festival weekends.

I pulled some comparison statistics looking at ALL transactions from the beginning of the year through today. This includes residential, condo, townhouse, vacant land, etc. This will give you a glimpse of our markets performance through the first 5 months of the year compared to last year.

            1/1/08- 5/27/08:                       1/1/07-5/27/07:

Total Sold: 315                                     540

Listing Price Avg: $216,247                              $220,702

Selling Price Avg: $200,087                              $208,346

List to Sell Ratio: 92.5%                                   94.4%

Days on Market: 194                                        196

The numbers say it all! We are down significantly over last year. We are very confident that the market will pick up steam into the summer and fall months and the final numbers will not be as bad. As I have said in numerous other reports, pricing is the most important key in this buyers market.

Prices continue to decline in Haywood County which again is good news for buyers wanting to buy in the mountains. Below are some comparative statistics for January 1, 2007 through April 30, 2007 and the same period this year. These statistics are for residential sales including condos and townhomes.

1/1/07-4/30/07

Here is a comparison of market activity for January 1, 2008 through March 31, 2008 and the same period during 2007. The stats are for residential purchases only so land, commercial, and multifamily is not included.

2007/2008

Average Selling Price: $238,199/$228,087

Average Listing Price: $250,974/$243,578

List/Sell Ratio: 95%/94%

Units Sold: 195/129

We have compiled the 2008 first quarter statistics for residential properties in Haywood County NC. We have also listed 2007 statistics for comparison.

1/1/07-3/31/07

Total Units Sold: 195
Average Listing Price:250,974
Average Selling Price: 238,199
List to Sell Ratio: 95%
Median Listing Price: 200,000
Median Selling Price: 197,000
Average Days on the Market: 139

1/1/08-3/31/08

Total Units Sold: 125
Average Listing Price: 241,653
Average Selling Price: 226,196
List to Sell Ratio: 94%
Median Listing Price: 200,000
Median Selling Price: 185,000
Average Days on Market: 156

As you can see we have started 2008 on a slower note, but from all indications our market is picking up. We have been battling the negative media reports about the mortgage and the housing industry which have caused many buyers to sit on the sidelines with the wait and see approach. With the average selling price down about $12,000 it is a great time to buy in Haywood County. We do feel like most “experts” in the media that the housing market and economy will turn around by the 3rd quarter of 2008. That being said, if you are thinking of buying do not wait to long. We do not know when the bottom has been reached until it has started going back up. If you waited you will miss the best prices in years!

Like much of the country, real estate sales in Haywood County NC has seen a slow start to the year. The following stats are for 1/1/08- 2/29/08 and are for residential, condo, and townhouses.

Total listings on the market: 1,066

Listing Price Average: $370,800

Average Days on the market: 191

Closed Residential Listings during the time period: 74

Listing Price Average: $252,000 (notice the price range that is selling)

Selling Price Average: $232,113

List to Sell %: 92.1

Average Days on the market: 165

Listings that have expired: 181

Listings that have been withdrawn:127

Listings that are pending:49

For comparison to all of 07 look at the earlier blog post with the final 2007 Haywood County Stats.

A great time to buy? YES We have a large inventory of homes for better selection, intrest rates continue to be low and we hope will dip lower in the coming weeks, and prices are down!