Greensboro, NC

Sunset Hills, Greensboro, NC Real Estate Market Information as of 2/9/2010

It was a quiet month in Sunset Hills with no homes under contract and no homes sold. Hopefully, the Federal tax credits for new and existing homeowners will improve these figures next month.

Active Homes For Sale in Sunset Hills:

• Number of homes for Sale: 12
• Average Asking Price: $304,042
• Average Days on Market: 113

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

Pending Homes in Sunset Hills:

• Number of Pending Homes: 0

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

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.

All data gathered from the Triad MLS 2/9/10 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.

After we all scrambled for day care options while school was closed for four days last week, here's another change to your calendar. Guilford County Schools has announced the snow makeup days for students. Students will now be in school on Thursday, February 18 and Friday, February 19 and Friday, April 23 and Monday, April 26. A lot of families were relieved that they haven't taken away any spring break days. Yet.

It's a great time for buying and selling real estate in Greensboro, North Carolina.

Last night I hosted a Superbowl party. aside from the great game and the commercials, a big topic was real estate. Specifically the current state of the real estate market in Greensboro, North Carolina.

Several people were considering putting their home's on the market this spring. But they were concerned about the real estate market in general, the economy and the current value of their homes. They were not sure if it was a good time to sell, or if they should wait another year to sell. Most had heard that unemployment in the area is high, homes were not selling and home values were low.

To some degree, they were correct. Unemployment in the area is high, but not nearly as high as in many other areas of the country and North Carolina. Jobs are slowly returning to the area and fewer people are being laid off.

The Greensboro real estate market and the national market certainly did reflect the recession and were not selling as quickly as in the past. With some resurgence in the economy and consumer confidence, things are changing. Greensboro never had a huge real estate bubble as did areas such as New York, California, Florida and Nevada. As a result, home values did not decease as much as the harder hit areas.

In our office at Coldwell banker Triad Realtors, we are seeing an increase in activity, from both buyers and sellers. Listings have increased quite a bit, just in the last week.

if you are thinking of listing your home for sale this spring, it is a good time to start preparing. If you are thinking about relocating, moving up in square footage, or downsizing, it's not too early to start looking and preparing. Interest rates are low, hovering around 5%. If you are a first time buyer, it's not too late to get in on the $8,000. tax credit. If you have been in your current home for at least five years, you may qualify for the $6,500. "move up" tax credit.

Please call me if you are looking for a Greensboro real estate agent. I can answer any questions or concerns you may have about buying or selling.

Source - Triad MLS

The following numbers are the sold homes in each county for JAN- 2009 vs 2010

Source - Triad MLS

Frim REALTOR Magazine this week:

Mortgage Applications Jump Last Week
Mortgage applications shot up 21 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. On an unadjusted basis, applications rose 23.5 percent.

The unadjusted purchase index increased 17.5 percent compared with the previous week, but was down 11.2 percent from the same week a year ago.

"Mortgage application volume rebounded last week, returning the purchase and refinance indexes to levels from mid-December," said Michael Fratantoni, MBA's Vice President of Research and Economics.

Hopefully, this is a sign of things to come. It is encouraging news for all of us and may reflect all of the pent up need for housing. Rates haeve been hovering around 5%, which should also help us. It may also be a sign of buyers trying to take advantage of the home buyer tax credits, before it's too late.