Market Update for Mountain Watch & Brannon Forest
There continues to be pressure on the land market in Haywood County. We have broken down the numbers of 2 neighborhoods close to Maggie Valley to give you a sample of what sellers are dealing with when trying to sell their land. Below is a summary of Haywood County Land Statistics through 12/6/2018.
Do you want to see the numbers for your neighborhood? Contact us and we will get them to you!
Mountain Watch LAND Market Update 12/6/2018
Active Listings: 12 (price range: $19,000 to $125,000)
Under Contract: 0
Sold (last 12 months): 1 Lot 20 sold for $46,750 on 6/12/2018. Tax value: $78,600
Expired (last 12 months): 3 (1 has gone back on the market)
Absorption Rate (how long it will take to clear the current inventory): 12 years
Brannon Forest LAND Market Update (as os 12/6/2018)
Active Listings: 8 (price range: $25,000 to $63,700)
Under Contract: 0
Sold (last 12 months): 2 132 Loafer Lane (.46 acre) sold for $25,000 (tax value 31,100)
48 Turn About Court (1.0 acre) sold for $32,500 (tax value $45,000)
Expired (last 12 months): 0
Absorption Rate (how long it will take to clear the current inventory): 4 years
Haywood County LAND Market Update (as of 12/6/2018)
Active Listings: 1089
Under Contract: 41
Sold (year to date): 225 (last year YTD 233)
Expired: 351 (YTD)
Sales in the last 12 months: 247
Absorption Rate (how long it will take to clear the current inventory): 4.4 years
The absorption rate is at is lowest level in quite some time mainly due to the 351 listings expiring off the market which decreases the active inventory.