Maggie Valley, Waynesville NC Home Sales Highest Pace in Decade
Maggie Valley, Waynesville NC spring’s homes, condos and townhouses for sale inventory is down over 30% compared to this time last year. It feels like an auction “Going, going, gone”. Severe housing shortages are prompting existing homes to sell significantly faster this year, propelling home sales to the highest pace in more than a decade, the National Association of REALTORS® reported Friday.
I many cases multiple offers are becoming the norm even with Maggie Valley, Waynesville Homes, condos and townhouse that have been on the market for some time are selling quickly now.
Strong sales gains in the Northeast and Midwest were behind most of the nationwide 4.4 percent month-over-month increase in existing-home sales in March. The West was the only major region of the U.S. to see a modest decline in sales activity last month.
The following is a closer look at how existing-home sales performed across the country in March:
Source: National Association of REALTORS®
Northeast: Including Maggie Valley, Waynesville NC existing-home sales jumped 10.1 percent in the region, reaching an annual rate of 760,000. Sales are now 4.1 percent above a year ago. Median price: $260,800, which is 2.8 percent higher than a year ago.
Maggie Valley, Waynesville NC: Average sale currently is $216,800 compared to $187,600 in 2016.
Midwest: Existing-home sales rose 9.2 percent to an annual rate of 1.31 million in March, and are 3.1 percent above a year ago. Median price: $183,000, up 6.2 percent from a year ago.
South: Existing-home sales increased 3.4 percent to an annual rate of 2.42 million, and are 8.5 percent above March 2016. Median price: $210,600, up 8.6 percent from a year ago.
West: Existing-home sales in the West dropped 1.6 percent to an annual rate of 1.22 million in March, but remain 5.2 percent above a year ago. Median price: $347,500, up 8 percent from March 2016.
While in Haywood County area new construction is still slow but seeing a steady increase of new permits and vacant lot sales indicate that new construction will sky rocket by mid-summer.
Asheville Area: Asheville new home, condo and townhouse sales are very fast paced and new home prices are extremely high as well as existing homes. The Maggie Valley, Waynesville NC fast pace home sale is also contributed to Asheville buyers enjoying being able to buy more for their money.
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What Really Makes a Waynesville, Maggie Valley NC Home, Condo, Townhouse Increase in Value