A Tale of Two Counties

Maggie Valley, Waynesville, Canton and Clyde are all within Haywood County.  Directly to the east of Haywood is Buncombe County containing the city of Asheville.  Buncombe County is a bustling area with many tourist attractions, and a very active real estate market.  In fact, the PBS TV program, This Old House, is currently showing episodes from Asheville and Swannanoa as the “This Old House” gang helps 5 homeowners rebuild after the flood from Hurricane Helene in September of 2024.  Also, it was announced last week that Asheville would now be home to a PGA Golf Event, The Biltmore Championship.  The inaugural tournament will be in September of 26.

I usually give previous month’s updates in this blog for Haywood County, but I thought it would be interesting to compare Haywood’s numbers in October with Buncombe County’s numbers.  So here goes:

New Listings- Haywood had 138, a 64.3% increase from October of last year.  Buncombe had 502 new listings, a 154.8% increase from October of last year.

Pending Sales- Haywood had 104, a 46.5% increase from October of last year.  Buncombe had 351 pending sales, a 161.9% increase from October of last year.

Closed Sales- Haywood had 86, a 2.4% increase from October of last year.  Buncombe had 341, a 79.5% increase from October of last year.

Median Sales Price- Haywood, $385,000, an 11,2% decrease from last year.  Buncombe, $450,000 a 1.7% increase from October of last year.

Average Sales Price- Haywood, $483,306, a 3.8% decrease from last year.  Buncombe, $571,671, a 14.3% decrease from October of last year.

Average List Price- Haywood, $546,792, a 14.3% increase from October of last year.  Buncombe, $715,817, a 15.5% increase from October of last year.

Month’s Supply of Inventory- Haywood, 5.8 months, a 16% increase from October of last year.  Buncombe, 6.0 months, a 62.2% increase from October of last year.

It is important to remember that in October of last year we were dealing with the devastation from Hurricane Helene that occurred September 27, 2024.  Also, the population of Haywood County is only 63,000 compared to Buncombe County’s 280,000.  (Buncombe is approximately 4.4 times larger than Haywood in population.)

I hope you find our blog interesting; I sure did.  Remember, if you have any real estate questions or comments, please let us know.