Home Sales and the Virus
For the month of May 2020, 66 homes were sold in Haywood County. (The Maggie Valley/ Waynesville/ Clyde/ Canton areas) This represents over a 40 percent decline in sales as compared to May 2019. Of course this is mostly due to the virus as we had restrictions in place for most of the month. Another factor limiting sales was inventory. Due to high sales volumes last year, and earlier this year, inventories of homes for sale is at the lowest level we have seen in almost a decade. So many retirees have bought second homes here, and have moved here. As restrictions ease, we do expect sales to rise considerably. So, if you are considering a home in the area, come on up to the mountains as we are here to help you find that perfect mountain dream home. Remember, interest rates are at an all-time low for mortgages. I have seen some rates under 3% for 30-year mortgages.
The state has eased virus restrictions a lot. Many restaurants have been open for drive-in or take out service, but now many are open for in-restaurant dining. Seating capacity is limited to 5o% of normal capacity, and tables must be 6 feet apart for social distancing. Also, many restaurants have increased their outside seating to accommodate diners who are still afraid of going into the restaurants. (And for those of us with 4-legged fur babies!)
Here’s hoping you and yours are staying safe.