The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 2nd week of June 2008.
These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield.
New Listings: 217
Listed homes going under contract: 124
Listed homes closing (sold): 66
Listed homes expiring: 54
Listed homes withdrawn: 46
Average Days on Market for Active Listings: 133
Average List Price for Single Family Homes: $242,000
Are you thinking of selling your Greensboro/Guilford County home?
Are you searching for a new home in Greensboro or the surrounding area?
The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 1st week of June 2008.
These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield.
New homes on the market: 213
Number of homes under contract: 146
Number of homes closed (sold): 47
Number of homes expiring: 68
Average Days on Market for Active Listings: 132
Are you thinking of selling your Greensboro/Guilford County home?
Are you searching for a new home in Greensboro or the surrounding area?
I see those ads everyday one place or another... TV, Internet, Newspaper, etc., spouting "Foreclosures in your area from $10,000!". So I decided to take a snapshot in time today and see what the savvy investor can get for 10K in the Greensboro/Guilford County area. As a note of reference we have been listing foreclosures for Freddie Mac and BB&T for over 4 years. And yes we have sold two homes for less than 10K, about 2 years ago.
Well not to my surprise, (today), there were no foreclosures active in the MLS for 10K or less, but there were 3 listed under 20K, starting at 14K. There are 24 listed from 24K to 50K. Also a search of homes closing for 10K or less over the last year, only produced 7 homes.
So when you do find these homes at 50K or less, are they really "bargains" or good buys for a prospective buyer. Probably not. I have completed hundreds of Broker Price Opinions (Market Analysis) on foreclosed homes in the area, so based on my knowledge of the areas these homes are in, they really hold no long term value. What happens with these homes is an investor buys them and will do one of two things... 1. They repair it to the acceptable level to rent it, or 2. They repair/refurbish the home to an acceptable level to flip it to yet another investor and make a "small" return on their work and effort.
So are there any real bargains in the area for owner occupants looking to incur a little sweat equity or investors looking for a good return on their money. Absolutely, but they are likely going to be in the $80,000+ range, and more likely in the $150,000+ range.
If you are looking for that next "great deal" we would strongly encourage you to use the services of a real estate professional with extensive experience and knowledge of the market, that will help you make the correct decisions about the purchase.
Our experienced buyers agents stand ready to assist you, if you are looking for a fixer, foreclosure or investment property in the Greensboro market.
Grant Bennett, Broker
The Bennett Group
REMAX of Greensboro
www.thebennettgroup.com
www.triadrealty.com
The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 4th week of May..
New homes on the market: 89
Number of homes under contract: 64
Number of homes closed (sold): 64
Number of homes expiring: 102
Avg Days on Market: 131
Are you thinking of selling your Greensboro/Guilford County home?
Are you searching for a new home in Greensboro or the surrounding area?
The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 3rdh week of May..
New homes on the market: 169
Number of homes under contract: 76
Number of homes closed (sold): 71
Number of homes expiring: 15
Avg Days on Market: 134
Are you thinking of selling your Greensboro/Guilford County home?
Are you searching for a new home in Greensboro or the surrounding area?
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