May
15
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.
One Response to “April 2012 Greensboro Home Sales Report”
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Apr
8
Ridgewood Swim and Tennis Club Swim Team Sign-Ups Tomorrow!
Posted by greensboro under Fave Neighborhood, For Buyers, For Sellers, Greensboro, Regional News, Ridgewood, Greensboro, NC, Things To Do
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.
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Apr
8
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:
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.
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Apr
8
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
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.
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Apr
8
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
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.
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Apr
8
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
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.
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Apr
7
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
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
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.
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Apr
7
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.
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.
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Apr
4
Greensboro Home in Bridford Downs For Sale
Posted by greensboro under For Buyers, For Sellers, General Information
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
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
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Apr
3
Short Sales and Foreclosures Qualify for Tax Break…But Only For A Limited Time!
Posted by greensboro under For Buyers, For Sellers, Foreclosures, General Information, Short Sales
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
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