Real Estate in Winston Salem NC

Real estate in Winston Salem NC is a broad topic for this post but worth discussing. Many parts of the country and the world are experiencing a declining real estate market. However, to say the whole housing market is in the dumps is like the weather man saying is going to be sunny everywhere. There are mico-environments that are still doing okay and others that are worse. Therefore, this post is dedicated to providing some perspective on real estate in Winston Salem NC.

Real estate in Winston Salem NC has certainly declined from previous years. Based on tracking local statistics and sales information it would seem the overall market for real estate in Winston Salem NC is down about 30%.

The media emphasis the foreclosure impact and abundant inventory. Meanwhile, real estate in Winston Salem NC is seeing a larger than normal volume or foreclosures and they are selling fast. As of lately the number of foreclosure listings on the market is a very small percentage of total homes for sale in Winston Salem. However, the percentage of sold homes is made up of about one third distressed sales.

Nonetheless, there are some areas of the market that are doing well. First time buyers combined with down sizing buyers are making the under $200K market steady. As is the case with any real estate in Winston Salem NC you must be in TOP condition and LOWEST price in order to attract the volume of buyers required to get sold under these unique market conditions.

Real estate in Winston Salem NC is in fact not as bad as many other parts of the country. Likewise, it ranks as one of the best cities to invest in real estate. The bottom line is that if you do not have to sell your home in this market then do not attempt it. Conversely if you must get your home sold be prepared to have your home look the best and cost the least based on similar properties available for purchase. Homes are getting bought and sold every day. Overall, things are not as bad as they could be when it comes to real estate in Winston Salem NC.

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