The Current Single Family Home Market In Our Area

The number of single family homes sold in Haywood County (Waynesville,  Maggie Valley, Clyde and Canton areas) was about flat for February 2017 compared to February 2016.  The good news is the median sale price rose 42 percent from $150,000 in February 2016 to $213,000 in February 2017.  This does not mean that every home price in the county rose 42 percent.  One of the reasons for the median sales price increase was because inventories of lower priced homes have tightened considerably.  In February 2016 there were 87 homes for sale under $120,000.  In February 2017,  there were only 53 homes on the market in this lower price range, a 39 percent decrease in available homes.  Accordingly, the median sales price per square foot has increased 20 percent from $95 in February 2016 to $114 in February 2017.

On the supply side, our inventory has decreased from a 7.7 month supply in February 2016 to a 5.8 months supply in February 2017.  Average days on market has decreased  from 124 days in February 2016 to 92 days (about 3 months) in February 2017.

I realize that it can be boring to read a lot of dry numbers, so I will “cut to the chase”.  Sales are rising and the last few months have been very good.  It seems the limiting factor on sales at this time is inventory.  If you are considering selling your home, now would be a great time to list.  Please call us for a totally free home evaluation.  We will come to your home, talk with you, and make some notes.  We will then come back to the office and prepare a Comparable Market Analysis that will let you know the proper price to list your home in the current market.

Also, if you are a potential buyer, we do specialize in working with buyers.  As commissions are paid by the seller, our buyers have never had to pay us for representation.  We will provide you with exclusive representation, assist with inspections and financing, offer our honest opinions based on our years of experience, and help you negotiate your purchase.

Footnote:  All above figures are based on sales through the NC Mountains MLS and its Statistical Analysis Module.