Blog :: 2006

Ghost Town is SOLD!

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We received the good news on Monday that Ghost Town in the Sky a popular Maggie Valley attraction has been sold and will re-open next spring. We have heard rumors for over 2 years about a potential sale and it finally happened! Commercial Real Estate listing prices have already jumped. We will have to wait and see if they sell at the higher prices. The lodging owners and restaurants are very excited about the news. Another great reason to visit Maggie Valley. The real estate market has stayed very steady. Most agents in our office are having a tough time keeping up with the work load. A great problem to have!
We are included in that bunch and the kids are keeping us hopping as well. We are off to visit some family tomorrow in Pigeon Forge, TN (yes we are driving over to the mess.) It will be Kaydens 3rd visit and Breysons first visit.
Updated pictures can be viewed on our website (click personal and then photo gallery).
I will work on some updated market stats for the first 8 months of the year and will get those posted at the end of the month.

Weekend Happenings? The annual Maggie Valley Moonlight Race takes place tomorrow night. I think it is a 10K and it attracts some pretty good runners from around the region. It can be a tough race with the first section going downhill and the second going uphill. We probally will not make it back to catch the race this year. Catch you later.


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      Wondering How the Market is Doing?

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      Well, the biggest question we have gotten lately is "How is the market in Haywood County? because our market is soft". I have listed some key stats from the first of this year through today (June 16, 2006) and have included the stats for the same time period last year. Some interesting numbers!

      2005: Closed Listings 399
      2006: Closed Listings 443

      2005: Average List Price $234,035
      2006: Average List Price $246,675

      2005: Average Sell Price $219,340
      2006: Average Sell Price $234,210

      2005: List to Sell % 93.7
      2006: List to Sell % 94.9

      2005: Average Days on Market 143 days (closed listings)
      2006: Average Days on Market 126 days (closed listings)

      2005: Expired Listings 300
      2006: Expired Listings 199

      All indicators are pointing to a very strong market and we expect it to grow further now that we are in the busy summer selling season. Do not wait to long to hop in!

      First Quarter Stats for Haywood County

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      Well the first quarter has come and gone and spring is in full bloom in the mountains. The market has stayed very active and here are some numbers to prove it:
      Jan 1 -April1 2006/ Jan 1-April 1 2005

      Average List Price: $247, 060 /$209,208

      Average Selling Price: $234,857 /$199,805

      List to Sell %: 95.1/ 95.5

      Average Days on Market: 124 /159

      Expired Listings: 136/ 290


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      Well today was the first day of spring, but you would not know it in Maggie Valley. We awoke to rain, freezing rain, sleet, snow and whatever other wintry precipitation is possible. Amazingly they did not cancel or delay school, but there is always tomorrow. For those of you who do not live here during the winter you probably think that we are so used to wintry weather that the schools never shut down. Not exactly. Sometimes if there is even a hint of snow the schools shut down. We joke about it, but when you really look closely there is a good explanation. The school district follows the philosophy that if one student is unable to get to school then it is unfair to that student so......close the schools to all. With some folks living well above 4000 feet it can be very tricky getting down or up. We have some clients who could tell you a good story of Christine and I showing property to them a few days after some wintry precipitation. On a clear sunny day we hit a sheet of ice and were inches from sliding off the side of the mountain. I still think we would of been ok, but the Jeep would have been seriously injured. It all turned out good. We got pulled out and the clients bought the lot that we were going to look at (with a contigency that the broken culvert that caused the ice be repaired of course). Hope to see the sun tomorrow!


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      Some Haywood County Real Estate Stats for the first 2 months of the year (throught 3/7/06). There have been 123 Homes sold so far this year and those 123 break down like this:
      (Stats taken from Western Carolina Regional MLS)
      Average List Price: $255, 909
      Average Sell Price: $242, 994
      List/sell ratio:95%

      Average Days on Market: 114 Days

      What does this mean? Take a look at the same stats from the same time period from 2005

      # of Homes Sold: 93
      Avg List Price: $203, 806
      Avg Sell Price:$194,214
      List/sell ratio:95%
      Avg\ Days on Market: 170

      Christine and I continue to be excited about the market in Haywood County, NC. As other markets slow down around the country our market continues to be strong and we are in the middle of it. We were honored with the Top Sales Agent Award for January and Febuary of 06 and are aiming to reclaim the award in March! Thank You to all our wonderful clients


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