The Statesville real estate market has been a roller coaster this year to say the least. For a market that is normally busy in the spring and a little quieter in the summer, this year has been to opposite for me. My spring was a little slow going and the summer was HOT! Not only have sales increased this summer, the foreclosure market seems to be slowing, giving “regular” sellers a better chance of selling their homes. Statesville has always been known to have plenty of affordable homes and our current market stats show this fact. You will see in the charts below that the average sales price for homes sold since January 1, 2011 is $108,708 and I can attest to the fact that most of our sales have been for homes under $140,000. We have a large investor market in Statesville for homes under $90,000 and the numbers show that increase.
On the brighter side, I have also experienced a larger demand for homes over $150,000 than we have seen in previous years. Prices on those homes have dropped slightly and buyers are finally taking notice and taking advantage of some great deals on these homes. The biggest hole in our market now is the availability of new construction. New homes that had been foreclosed on in the past several years have been sold and builders are still not constructing many new homes in our area. We have a few “track” builders that are building some spec homes but custom homes are non existent.
Currently in Statesville, we have 496 active listings with an average list price of $195,928 and an average Days on the market of 184 days.
*All information obtained from Carolina Multiple Listing Service
Since January 1, 2011 – Statesville has had 348 single family residential homes sell with an average days on the market of 136 days. This compares to 376 listings sold for the same period of 2010 with average days on the market of 135. Of the 348 sales, 100 were categorized as a Foreclosure with an average sales price of $72,109.
