Greensboro Real Estate

We were thrilled to see the signs go up for the Ridgewood Swim and Tennis Club Swim Team Registration.   They will be held tomorrow, Saturday, April 9th from 10-2 at the Ridgewood Club.

Ridgewood Swim and Tennis experienced a  decrease in appearance and services over the winter months.   But with new owners at the end of March, there have been many improvements.    We have seen some improvements in the landscaping and some activity on the tennis courts, as well.   There are rumors that cable will be restored to all of the televisions soon.  

Ridgewood Swim and Tennis sits in the heart of  the neighborhood of Ridgewood, located just north of Greensboro  city limits in Guilford County, NC.    

Greensboro, NC Real Estate Home Report:

The Greensboro  Home Market Report  for this month requires a thorough and careful review.   When comparing First Quarter 2011 to First Quarter 2010, there was virtually no change in the number of homes sold.   However, during the Spring of 2010, the market was  boosted by the Federal Home Buyers Tax Credit.   We have not had the benefit of that program in 2011 but the total sales are almost at the same level.   However, if you only compare March 2010 to March 2011, the statistics look a little glum.   Check out the details below.    

The following Greensboro, NC housing data was retrieved from the Triad MLS on  April 6, 2011  and focuses on Greensboro, NC Single Family Real Estate Home Sales for  March 2011.   Check out the data below for  all the details:          

Active Homes for Sale:

• The number of Greensboro Single Family homes for sale:   2,187
• Median Price:  $158,500
• Average DOM (Days on Market):    151

Comments:   The number of active homes for sale is  down 21% compared to  March 2010  but is  5.5%  higher compared to  February 2011.

  Report of Greensboro  homes for sale

The number Greensboro Single Family Homes listed for sale (new listings) in  March 2011:     425

• The month before  (February 2011):      342
• Last year  (March 2010):             620
  

Comments:    The number of homes newly listed has  decreased by  31%  compared to  March 2010  and has  fallen 24% compared to last month.    As less new listings are becoming available, less homes are available for purchase.

   Detailed Report  of New Properties Listed  

Pending Homes for Sale:

The number of Greensboro Single Family Homes under contract:    225

• Previous Month (February 2011):              159
• Last Year (March 2010):                                264
• First Quarter 2011:                                             527
• First Quarter 2010:                                             606

Comments:   The number of homes that went under contract in Greensboro, NC  has  increased by 42%  when compared to  February 2011  but has fallen by 15% when compared to  March 2010.    Keep in mind that the Federal Home Buyer Tax Credit last spring caused a spike in home sales in the first few months of 2010.  

 
Detailed Report of  Pending Homes  

Homes Sold:

• The number of Greensboro Single Family Homes sold:    151
• Median Sold Price:                                                                       $123,500
• Average Days on Market:                                                        151
• Homes Sold Previous Month (February 2011):      123
• Homes Sold Last Year (March 2010):                            207
• Homes Sold First Quarter 2011:                                           407
• Homes Sold First Quarter 2010:                                              415

Comments:    The number of homes  sold  during the first quarter of 2011 was 2% less than the number of homes sold  during  the first three months of 2010.              

Detailed Report on Greensboro Homes Sold

Click Here to search all homes for sale in Greensboro, NC

Click Here to get  a customized report of your  house value by email

Also see:  

• Guilford Hills Home Report
• Kirkwood Home Report  
• Lindley Park Home Report
• Starmount Home Report  
• Sunset Hills Home Report

Team Leung is the #1 Power Team in the Keller Williams Triad Area for  four years in a row!   We can be contacted at 336-508-1111 or  www.GreensboroAreaHomes.com.   Team Leung consists of  Andy Leung,  Lisa Postlmayr,  Kelly Walters  and  Heather Dodson.

Guilford Hills,  a popular neighborhood with affordable homes in Greensboro, had solid home sales in the first quarter of 2011.    Six homes have closed and two are currently under contract.   Here is the latest Guilford Hills, Greensboro, NC Real Estate Market Information as of 4/5/2011:

Active Homes For Sale in Guilford Hills:

• Number of homes for Sale:  19
• Average Asking Price: $139,613
• Average Days on Market:    93

 Homes For Sale in Guilford Hills

Pending Homes in Guilford Hills:  

• Number of Pending Homes:    2

 Homes Pending in Guilford Hills

Sold Homes in  Guilford Hills  Since January 1, 2011

Number of Homes Sold:  6

• Average Asking Price:   $122,883
• Average Sold Price:   $113,667
• Average SP/LP ratio (what % of asking price did homes sell for): 92.5%
• Average Days On Market:  135

 All  homes sold in  Guilford Hills  in 2011

See Also:

Search Homes for Sale in Guilford Hills, Greensboro, NC

Sell Your Guilford Hills, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 4/5/11 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  four years 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.

Kirkwood, a popular neighborhood near downtown Greensboro, saw some increased activity in the first quarter of 2011.   Here is the lastest Kirkwood, Greensboro, NC Real Estate Market Information as of 4/5/2011:

Active Homes For Sale in Kirkwood:

• Number of homes for Sale:  13
• Average Asking Price: $236,508
• Average Days on Market:    96

  Homes For Sale in Kirkwood

Pending Homes in Kirkwood:

• Number of Pending Homes:    2

  Homes  Under Contract  in Kirkwood

Sold Homes in  Kirkwood  Since January 1, 2011:

• Number of Homes Sold:   1
• Average Asking Price:   139,000
• Average Sold Price:   $135,000
• Average SP/LP ratio (what % of asking price did homes sell for): 97%
• Average Days On Market:  133

Homes sold in  Kirkwood  in 2011

 See Also:

Search Homes for Sale in Kirkwood, Greensboro, NC

Sell Your Kirkwood, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 4/5/11 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  fourth 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.

The  Lindley Park  neighborhood in Greensboro, NC  had a solid first quarter of 2011.    Here is the latest Lindley Park, Greensboro, NC Real Estate Market Information as of 4/5/2011:

Active Homes For Sale in Lindley Park:

• Number of homes for Sale:   12
• Average Asking Price: $177,350
• Average Days on Market:    91

  Homes For Sale in Lindley Park

Pending Homes in Lindley Park:

• Number of Pending Homes:    3

  Homes Under Contract in Lindley Park

Sold Homes in  Lindley Park  Since January 1, 2011

• Number of Homes Sold:  5
• Average  List Price:  $178,460
• Average Sold Price:       $169,740
• Average SP/LP ratio (what % of asking price did homes sell for):  95%
• Average Days On Market:  88

  Homes Sold in Lindley Park

See Also:

Search Homes for Sale in Lindley Park, Greensboro, NC

Sell Your Lindley Park, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 4/5/11 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  fourth 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.

The Starmount Neighborhoods, which include Starmount Forest and Starmount Farms,  had consistent home sales  in the first quarter of 2011.    Check below for 2011 Starmount, Greensboro, NC Real Estate Market Information as of 4/5/2011:

Active Homes For Sale in Starmount:

• Number of homes for Sale:  27
• Average Asking Price: $452,967
• Average Days on Market:   117

  Homes For Sale in Starmount

Pending Homes in Starmount:

• Number of Pending Homes:  7

 All  Homes Pending in Starmount

Sold Homes in  Starmount  Since January 1, 2011:   5

• Average  List Price: $291,480  
• Average Sold Price:  $273,270
• Average SP/LP ratio (what % of asking price did homes sell for): 94%
• Average Days On Market:    104

 All Homes Sold in Starmount

See Also:

Search Homes for Sale in Starmount, Greensboro, NC

Sell Your Starmount, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS  4/5/11 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  third 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.

Sunset Hills, located in Greensboro, NC, has had a solid first quarter of 2011.    Seven homes have sold and five are currently under contract.   Here is the latest Sunset Hills, Greensboro, NC Real Estate Market Information as of 4/5/2011:

Active Homes For Sale in Sunset Hills:

• Number of homes for Sale:  21
• Average Asking Price:  $288,419
• Average Days on Market:    81

Homes For Sale in Sunset Hills

Pending Homes in Sunset Hills:

• Number of Pending Homes:  5

Homes Currently Under Contract in Sunset Hills

Sold Homes in  Sunset Hills  In 2011

• Number of Homes Sold:  7
• Average  List Price:  $227,743
• Average Sold Price:  $216,929
• Average SP/LP ratio (what % of asking price did homes sell for):  95%
• Average Days On Market:  137

  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

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 4/5/11 and is believed to be correct.   Some For Sale By Owner purchases and sales may not been included in this report.

Team Leung is the #1 Power Team for the  third 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.

213 Malamute Lane, Greensboro, North Carolina

Bridford Downs

End unit townhome with covered front porch.   Open living area, master, full and half bath down.   Kitchen has black appliances, lots of cabinets and spacious eating area.   There are two bedrooms and a full bath on the 2nd level.   Sliding doors lead out to the patio perfect for entertaining and overlooks a pond.

ONLY $112,000

Listing Information

• MLS ® : 607700
• Bedrooms: 3
• Full Baths: 2
• Partial Baths: 1
• Style: Townhome
• Heat Source: Heat Pump
• Taxes: $1,629.00

More Information

• View Map
• Disclosures
• Virtual Tour

Contact any of the members of Team Leung for information on buying or selling a home  in Greensboro, NC or throughout the Triad.  

Search for all Homes for Sale in Greensboro, NC and the Triad

Free House Value of Your Greensboro, NC Home

The Mortgage Debt Relief Act provides special tax relief for some homeowners who have lost their homes due to Foreclosure or Short Sale.   If you are currently at risk of losing your home to Foreclosure or Short Sale, you need to carefully consider how this law can impact your situation.

Here are some of the specifics:  

Homeowners who lose their home to Foreclosure or Short Sale are usually taxed on the difference between what their home sold for and how much they owed on their home.   This tax bill could easily equate to thousands and thousands of dollars.   This is a  huge hardship to  former homeowners  who  are struggling to recover financially from losing their home.  

The Mortgage Debt Relief Act provides  some relief for these homeowners.   The amount of the mortgage that was forgiven is not taxable if the homeowner  secured their loan prior to  2009, used the home for their primary residence and had a loan of less than $2,000,000.   Please note that this law is  set to expire on December 31, 2012.  

December 2012  may sound like a light years away but in the world of Foreclosures and Short Sales, it really doesn’t give homeowners that much time!   Trial loan modifications average 14 months and Foreclosures and Short Sales often proceed at a snail’s pace!   If you have an inkling that you are headed to a  Foreclosure or Short Sale, review your options now so that you can take advantage of the Mortgage Debt Relief Act.   It is bad enough to lose your home to Foreclosure or Short Sale.   Don’t compound the  problems by piling a huge  payment to Uncle Sam  onto your financial woes.  

Confused?   Contact your local Certified Distress Property Expert for a consultation.   In Greensboro, the Short Sale Expert is Kelly Walters.   She is ready, willing and able to help you negotiate through the world of Foreclosures and Short Sales and answer any questions you may have.   You may email Kelly Walters or call her directly at 336-253-5079.

Contact any of the members of Team Leung for information on buying or selling a home  in Greensboro, NC or throughout the Triad.  

Search for all Homes for Sale in Greensboro, NC and the Triad

Free House Value of Your Greensboro, NC Home

It looks like the weather is going to cooperate  this evening for the First Friday event in  Downtown Greensboro, NC.   Our monthly First Friday event from 6:00-9:00 showcases our many wonderful art galleries,  shops and museums.  

Tonight, there are fifteen venues participating including live performances and art exhibits.    Don’t miss your chance to partipate in  a free raffle at  the Cultural Arts Center, where you can win great prizes including free summer camps!  

More Great Things To Do in Greensboro and Throughout the Triad