Market Update for Mountain Watch & Brannon Forest

    Market Update for Mountain Watch & Brannon Forest

    Dec 06, 2018

    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.