Greensboro Real Estate

The Guilford Hills neighborhood in Greensboro, NC continues to show consistent activity.  Here is the latest Guilford Hills, Greensboro, NC Real Estate Market Information as of 3/05/2010

Active Homes For Sale in Guilford Hills:

• Number of homes for Sale: 14
• Average Asking Price: $140,014
• Average Days on Market:  89

Click Here to see a complete list of the Homes For Sale in Guilford Hills

Pending Homes in Guilford Hills: 

• Number of Pending Homes:  3

Click here to see a list of all homes pending in Guilford Hills

Sold Homes in Guilford Hills Since January 1, 2010

Number of Homes Sold: 3

• Average Asking Price: $120,900
• Average Sold Price: $116,333
• Average SP/LP ratio (what % of asking price did homes sell for): 96%
• Average Days On Market: 123

Click here for a complete list of all homes sold in Guilford Hills in 2010

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Search Homes for Sale in Guilford Hills, Greensboro, NC

Sell Your Guilford Hills, Greensboro, NC Home

All data gathered from the Triad MLS 3/05/10 and is believed to be correct.  Some For Sale By Owner purchases and sales have not been included in this report.

For more information on Guilford Hills or any area in the Greensboro, NC or Triad real estate market, please contact Andy Leung at Keller Williams Realty: 336-508-1111 x7 or andy@teamleung.com.

Team Leung is the #1 Power Team for the second year in a row at Keller Williams Realty of Greensboro specializing in Greensboro Real Estate.  Contact us at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.

In the Kirkwood neighborhood in Greensboro, NC, we have some homes under contract that will hopefully close soon.  Here is the latest Kirkwood, Greensboro, NC Real Estate Market Information as of 3/05/2010

Active Homes For Sale in Kirkwood:

• Number of homes for Sale: 14
• Average Asking Price: $197,678
• Average Days on Market:  132

Click Here to see a complete list of the Homes For Sale in Kirkwood

Pending Homes in Kirkwood:

• Number of Pending Homes:  3

Click Here to see a complete list of the Homes Under Contract in Kirkwood

Sold Homes in Kirkwood Since January 1, 2010:

• Number of Homes Sold: 1
• Average Asking Price: $239,000
• Average Sold Price: $230,000
• Average SP/LP ratio (what % of asking price did homes sell for): 96.2%
• Average Days On Market: 52

Click here for a complete list of all homes sold in Kirkwood in 2010

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Search Homes for Sale in Kirkwood, Greensboro, NC

Sell Your Kirkwood, Greensboro, NC Home

All data gathered from the Triad MLS 3/05/10 and is believed to be correct.  Some For Sale By Owner purchases and sales have not been included in this report.

For more information on Kirkwood or any area in the Greensboro, NC or Triad real estate market, please contact Andy Leung at Keller Williams Realty: 336-508-1111 x7 or andy@teamleung.com.

Team Leung is the #1 Power Team for the second year in a row at Keller Williams Realty of Greensboro specializing in Greensboro Real Estate.  Contact us at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.

Lindley Park neighborhood in Greensboro, NC had a slow start this year but the market seems to be rebounding.  Lindley Park currently has 6 homes under contract.  Here is the latest Lindley Park, Greensboro, NC Real Estate Market Information as of 3/5/2010

Active Homes For Sale in Lindley Park:

• Number of homes for Sale:  13
• Average Asking Price: $178,677
• Average Days on Market:  167

Click Here to see a complete list of the Homes For Sale in Lindley Park

Pending Homes in Lindley Park:

• Number of Pending Homes:  6

Click here to see a list of all homes pending in Lindley Park

Sold Homes in Lindley Park Since January 1, 2010

• Number of Homes Sold: 0
• Average Asking Price: n/a
• Average Sold Price: n/a
• Average SP/LP ratio (what % of asking price did homes sell for): n/a
• Average Days On Market: n/a

See Also:

Search Homes for Sale in Lindley Park, Greensboro, NC

Sell Your Lindley Park, Greensboro, NC Home

All data gathered from the Triad MLS 3/5/10 and is believed to be correct.  Some For Sale By Owner purchases and sales have not been included in this report.

For more information on Lindley Park or any area in the Greensboro, NC or Triad real estate market, please contact Andy Leung at Keller Williams Realty: 336-508-1111 x7 or andy@teamleung.com.

Team Leung is the #1 Power Team for the second year in a row at Keller Williams Realty of Greensboro specializing in Greensboro Real Estate.  Contact us at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.

Starmount Neighborhood in Greensboro, NC started out a little slow in 2010 but things are really heating up now.  Six homes are now under contract and two have sold.  Of the two homes that sold, their average closed dates were less than two months and their average sold prices were 98% of the list price.  Check below for Starmount, Greensboro, NC Real Estate Market Information as of 3/5/2010

Active Homes For Sale in Starmount:

• Number of homes for Sale: 31
• Average Asking Price: $529,338
• Average Days on Market:  180

Click Here to see a complete list of the Homes For Sale in Starmount

Pending Homes in Starmount:

• Number of Pending Homes: 6

Click here to see a list of all homes pending in Starmount

Sold Homes in Starmount Since January 1, 2010

Number of Homes Sold: 02

• Average Asking Price: 204,750
• Average Sold Price: 200,500
• Average SP/LP ratio (what % of asking price did homes sell for): 98%
• Average Days On Market: 59

 Click here to see a complete list of all Homes Sold in Starmount

See Also:

Search Homes for Sale in Starmount, Greensboro, NC

Sell Your Starmount, Greensboro, NC Home

All data gathered from the Triad MLS 3/5/10 and is believed to be correct.  Some For Sale By Owner purchases and sales have not been included in this report.

For more information on Starmount or any area in the Greensboro, NC or Triad real estate market, please contact Andy Leung at Keller Williams Realty: 336-508-1111 x7 or andy@teamleung.com.

Team Leung is the #1 Power Team for the second year in a row at Keller Williams Realty of Greensboro specializing in Greensboro Real Estate.  Contact us at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.

Although no homes in Sunset Hills have closed during the first two months of 2010, there are now 3 under contract.  Sunset Hills, Greensboro, NC Real Estate Market Information as of 3/5/2010-

Active Homes For Sale in Sunset Hills:

• Number of homes for Sale: 12
• Average Asking Price: $327,867
• Average Days on Market:  85

Click Here to see a complete list of the Homes For Sale in Sunset Hills

Pending Homes in Sunset Hills:

• Number of Pending Homes: 3

Click here to see a complete list of Homes Currently Under Contract in Sunset Hills

Sold Homes in Sunset Hills Since January 1, 2010

• Number of Homes Sold: 0
• Average Asking Price: n/a
• Average Sold Price: n/a
• Average SP/LP ratio (what % of asking price did homes sell for): n/a
• Average Days On Market: n/a

Check here next month to see a complete list of Homes that Sold in Sunset Hills

For more information on Sunset Hills or any area in the Greensboro, NC or Triad real estate market, please contact Andy Leung at Keller Williams Realty: 336-508-1111 x7 or andy@teamleung.com.

See Also:

Search Homes for Sale in Sunset Hills, Greensboro, NC

Sell Your Sunset Hills, Greensboro, NC Home

All data gathered from the Triad MLS 3/5/10 and is believed to be correct.  Some For Sale By Owner purchases and sales have not been included in this report.

Team Leung is the #1 Power Team for the second year in a row at Keller Williams Realty of Greensboro specializing in Greensboro Real Estate.  Contact us at 336-508-1111 or www.GreensboroAreaHomes.com.  Team Leung consists of Andy Leung, Lisa Postlmayr, Kelly Walters and Heather Dodson.

Are you considering purchasing a home that needs some repairs or updates?  Sometimes, buyers may shy away from “Fixer Uppers” because finances are tapped out after buying a home and there is no money left over for the repairs.  Here in Greensboro, NC, we have been helping homeowners take advantage of a special loan program from the Department of Housing and Urban Development (HUD) that addresses this problem. 

Under traditional loans, the lender provides permanent funds based on the appraisal of the property.  When the property needs significant repairs or modernization, the appraised value will be negatively impacted.  The lender will usually either issue a loan for the value of the home without the repairs or require that the repairs be made prior to the closing of the loan.  Under HUD’s Section 203(k) program, a qualified buyer is able to obtain a loan to cover both the cost of the home and the improvements.  The amount of the loan is set at the projected appraised value of the property after the improvements. 

To qualify for a Section 203(k) loan, the property must be older than one year and must be a one- to four- unit home.  Even homes that are completely knocked down can be eligible, if part of the original foundation remains.  High-end upgrades are not included but the loan can be used for additions, decks and even painting.  Of course, there are other requirements, such as adhering to loan-to-value ratios and when the repairs must be completed.  Check out the HUD website to learn more.

There are loads of Federal programs to help buyers and sellers.  At Team Leung, we continually monitor all the latest incentives and financing options to help our clients get the most for their housing dollar.  For more information about selling or purchasing a home in Greensboro, NC or the Triad, please contact one of the members of Team Leung. 

March Madness is heating up the city of Greensboro! Each March, Greensboro hosts top colleges from the region to compete in the ACC Tournament. The ACC Tournaments are held at Greensboro Coliseum, located at 1921 West Lee Street.

The women’s ACC Tournament begins this Thursday and runs through Sunday. Family Four Packs are available for only $44 and include four tickets, four hot dogs and four soft drinks. It is a great outing for the family. There is a Fanfest that is very popular with children before each session. It features inflatables, basketball shooting contests, give-aways from local businesses and face painting. Don’t miss it!

The Mortgage Bankers Association reports some encouraging news in the home mortgage deliquency statistics.  According to their quarterly National Delinquency Survey, 30-day delinquencies fell significantly for the last quarter of 2009.  In fact, they reported the largest drop ever in the 30-day deliquency rates.  Jay Brinkmann, MBA’s chief economist, writes, “The continued and sizable drop in the 30-day delinquency rate is a concrete sign that the end (of mortgage delinquencies and foreclosures) may be in sight.” 

Historically, 30-day deliquencies are considered a leading indicator of homes going into foreclosure.  Therefore, we should see fewer homeowners facing foreclosure in the future. 

The Mortgage Bankers Association also reported that a record proportion of homes are in foreclosure or arrears at this time but the drop in short-term deliquencies may indicate that homeowners in trouble may be lessening.   

At Team Leung, we understand that economic hardships can bring troubling times for homeowners.  That is why we have a full-time Short Sale Specialist, Kelly Walters, who has been helping homeowners in Greensboro and throughout the Triad avoid foreclosure, if possible.  Please email Kelly or give her a call at 336-253-5079 if you have any questions about this important topic.

Ridgewood Swim and Tennis, located in the Ridgewood neighborhood in Greensboro, NC, is offering free guest passes if you pay your annual fees by February 28.  Fees are normally due by April 1 so this is just a month early.  The value of the 12 free guest passes is $60, so you may want to consider it if you are joining anyway! 

Ridgewood is one of the premier neighborhoods in Greensboro and Guilford County.  Two of the members of Team Leung call Ridgewood home.  The Ridgewood Swim and Tennis Club offers year-around activities, including fitness classes, a cardio and workout rooms, and a clubhouse with a Pro Shop and beautiful lounge.  In the summer, Ridgewood Swim and Tennis offers swimming and tennis, of course, along with private and group tennis lessons, a swim team and a snack bar.  Throughout the year, there are many social events for families, children and adults. 

The annual Guilford County Magnet Fair, that I blogged about last week, has been rescheduled for Monday, February 22 from 5:00-8:00 p.m.  It will still be held at the Greensboro Coliseum Pavilion. 

If you have a student who is the least bit curious about the many magnet school options here in Guilford County, which serves, Greensboro, High Point, Jamestown and many smaller towns, don’t miss this Magnet Fair.  Representatives will be there from every magnet school so it is a great way to learn about all the many, many opportunities.

Why should you consider a magnet school?  With 44 magnet and choice schools in Guilford County with 50 different programs, students receive a top-rated education along with a curriculum specifically suited to their interests.  The programs are varied and plentiful, ranging from A (aviation) to V (visual arts).  There are programs offered at the elementary, middle school and high school level.  Three of our magnet high schools boast 100% graduation rates and there are only seven total high schools to achieve this in the entire state of North Carolina.

For more information, visit the Guilford County Magnet Office at 336-378-8832 or go to www.GCSNC.com/magnet.  The magnet program open enrollment is only held once-a-year so don’t delay.  Applications are being accepted through March 12th. 

Team Leung knows about Guilford County Schools, both the traditional schools and the magnet schools.  Members of our team have students in schools throughout the county, including a couple of the magnet schools.  Please let us know if you need any additional information about Guilford County Schools or check out our website at www.GreensboroAreaHomes.com.