Greensboro Real Estate

May

April 2012 Greensboro Home Sales Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Greensboro, Greensboro Market Report, Marketing Reports

With so much mixed information on real estate from both the national and local levels, I wanted to focus on what has been happening with Greensboro home sales. The following charts and data are on Greensboro Single Family Homes so that means condominium,townhomes, land, multi-family and commercial are excluded. This Greensboro Home Sale data was pulled from the Triad MLS on May 9, 2012 and focusses on numbers from April 2012.

Greensboro Active Homes For Sale: 1893
The number of homes for sale has risen slightly since the beginning of the year from 1862 units or about 2%. This is about 1% up from the number Greensboro homes for sale in March of 2012 of 1876 units. Compared to April 2011, the number is down substantially from 2562 units or 26%. This decrease in supply is good news for home sellers.

Newly listed Greensboro Homes for Sale: 382
Another good nuumber for homes sellers is the number of homes newly for sale in April 2012 is down 10% compared to April 2011′s number of 424. This number is also down about 2% of last month’s number of 391 homes coming on the market of March 2012.

Greensboro Homes Sold: 191
10% up from April 2011′s number of 173 and 6% down from last month’s(March 2012) of 202 homes shows the number of homes being sold is better than stable with the year to date(January-April) number for 2012 of 638 homes is 7% to the plus side of 2011 ytd number of 596.

Months Supply of Inventory: 9.6
This number is calculated by taking the number of active homes for sale on the last day of the month (1581 homes) and dividing it by the number of homes that went under contract during the month (165). Again, a 14% improvement compared to April 2012′s number of 11.1 but a slight increase from March 2012′s 7.2. The year to date (January-april) average is 8.2 months supply of inventory.

Greensboro Homes Pending: 165
Though this month’s number is down 21% compared to last month’s 209 units and down 17% from last year’s April of 199, this may only be a blip as the 2012 year to date number of Greensboro homes going under contract of 755 units is 8% higher than 2011′s 697.

So, mostly positive news for Greensboro’s single family homes sales this month. Is this a sign that the market has turned around? Drum roll…it is hard to tell. There still is a debate on the number of foreclosures that have not hit the market or not yet acquired by the banks that may or may not come on the market soon. Also, with 1893 single family homes for sale and 191 closings in April that is only about 10% of the homes closing in that month. So,for every 100 homes on the market 10 closed or 1 out of 10 which is an astonishingly low number.

But what is a bad market for sellers is a GREAT market for buyers. Interest rates are at an all time historic low and the choices a buyer has is at a high. Bottom line…now is the time to buy.

Comments

One Response to “April 2012 Greensboro Home Sales Report”

Lokard Desmock says:

June 2, 2012 at 2:14 am

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Apr

Greensboro Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Greensboro, Greensboro Market Report, Marketing Reports

Greensboro, NC Real Estate Home Report:

Greensboro Home Market Report, Greensboro Homes for Sale 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:

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.

Comments

Apr

Guilford Hills Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Guilford Hills, Marketing Reports

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

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.

Comments

Apr

Kirkwood Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Greensboro Market Report, Kirkwood, Kirkwood Greensboro, Marketing Reports

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

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.

Comments

Apr

Lindley Park Home Market Report

Posted by greensboro under For Buyers, For Sellers, Lindley Park, Lindley Park Greensboro, NC, Marketing Reports

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

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.

Comments

Apr

Starmount Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Marketing Reports, Starmount Forest, Starmount Greensboro

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

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.

Comments

Apr

Sunset Hills Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Marketing Reports, Sunset Hills, Sunset Hills Greensboro

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.

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.

Comments

Mar

Greensboro Home Market Report

Posted by greensboro under For Buyers, For Sellers, Greensboro, Greensboro Market Report, Marketing Reports

Greensboro, NC Real Estate Home Report:

The Greensboro Home Market Report continues to show some signs of improvement. The number of homes under contract in Greensboro remains healthy, increasing 12% when compared to last month. The number of homes under contract is an indicator of how the house market is going to do in the next 30-60 days. In addition, the number of homes sold increased by 7% when compared to February 2010. Greensboro Home Market Report

The following Greensboro, NC housing data was retrieved from the Triad MLS on March 4, 2011 and focuses on Greensboro, NC Single Family Real Estate Home Sales for February 2011. Check out the data below for all the details:

Active Homes for Sale:

The number of Greensboro Single Family homes for sale: 2,038

Median Price: $150,000

Average DOM (Days on Market): 154

Comments: The number of active homes for sale is down 18% compared to February 2010 and is down 1.2% compared to January 2011.

Report of Greensboro homes for sale

The number Greensboro Single Family Homes listed for sale (new listings) in February 2011: 342

The month before (January 2011): 344
Last year (February 2010): 461

Comments: The number of homes newly listed has decreased by 26% compared to February 2010 and has remained flat compared to January 2011. Significantly less new listings are becoming available, which greatly impacts the supply-and-demand of homes.

Detailed Report of New Properties Listed

Pending Homes for Sale:

The number of Greensboro Single Family Homes under contract: 169

Previous Month (January 2011): 151
Last Year (February 2010): 168

Comments: The number of homes that went under contract in Greensboro, NC has increased by 12% when compared to January 2011 and has remained steady when compared to February 2010.

Detailed Report of Pending Homes

Homes Sold:

The number of Greensboro Single Family Homes sold: 122

Median Sold Price: $157,000

Average Days on Market: 132

Homes Sold Previous Month (January 2011): 127

Homes Sold Last Year (February 2010): 114

Comments: The number of homes closing this month increased by 7% compared to February 2010 and the median price was $157,000. This is the highest median price in over a year, meaning that some of our higher priced homes are starting to sell better.

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:

Team Leung is the #1 Power Team in the Keller Williams Triad Area for three 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.

Comments

Mar

Guilford Hills, Greensboro Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Guilford Hills, Guilford Hills Greensboro, Marketing Reports

Guilford Hills, a popular neighborhood with affordable homes in Greensboro, had a slow start in 2011 but things are starting to heat up. Two homes have made it to the closing table and four more are currently under contract. Here is the latest Guilford Hills, Greensboro, NC Real Estate Market Information as of 3/4/2011:

Active Homes For Sale in Guilford Hills:

Number of homes for Sale: 16
Average Asking Price: $137,666
Average Days on Market: 78

Homes For Sale in Guilford Hills

Pending Homes in Guilford Hills:

Number of Pending Homes: 4

Homes Pending in Guilford Hills

Sold Homes in Guilford Hills Since January 1, 2011

Number of Homes Sold: 2

Average Asking Price: $119,950
Average Sold Price: $115,000
Average SP/LP ratio (what % of asking price did homes sell for): 96%
Average Days On Market: 184

All homes sold in Guilford Hills in 2011

Sell Your Guilford Hills, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 3/4/11 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 three 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.

Comments

Mar

Kirkwood, Greensboro Home Market Report

Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Kirkwood, Kirkwood Greensboro, Marketing Reports

Kirkwood, a popular neighborhood near downtown Greensboro, has had a slow start in 2011 but now has one home under contract. Here is the lastest Kirkwood, Greensboro, NC Real Estate Market Information as of 3/4/2011:

Active Homes For Sale in Kirkwood:

Number of homes for Sale: 10
Average Asking Price: $208,010
Average Days on Market: 145

Homes For Sale in Kirkwood

Pending Homes in Kirkwood:

Number of Pending Homes: 1

Homes Under Contract in Kirkwood

Sold Homes in Kirkwood Since January 1, 2011:

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

Kirkwood, Greensboro, NC homes sold Homes sold in Kirkwood in 2011 (Check back next month)

Sell Your Kirkwood, Greensboro, NC Home

Greensboro Home Market Report with links to other neighborhoods

All data gathered from the Triad MLS 3/4/11 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.

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