Perfectly located in the historic section of charming Jamestown, this immaculate townhome w/main level master is situated on a heavily treed lot with peaceful river views. Well built Parker Lancaster development that is maintenance free. Freshly painted throughout, new carpet, beautiful hardwood flooring, upgraded lighting fixtures, security system, gas logs, lovely screened porch overlooking the river, 1 yr. home warranty included. Don’t wait! Units this nice don’t stay on the market long.
Call or text if you are interested in your private showing. #336-669-0483
As of the end of December, the average sales price of an existing, single family home was $186,323. Over the last 12 months, the average sales price has risen 10.3%. Other good news: We’re still in a balanced market. Currently there’s 5.6 months worth of inventory on the market. (A balanced market is 6 months worth of inventory.) So as we move into spring, it is neither a “Buyers Market” or a “Sellers Market”. That bodes well for everyone.
Also, the days on market has fallen 3.4% over the last year. The average number of days a home is on the market before it goes under contract is 90.5 days. And the spread between the list price & the final sales price has fallen slightly. The current average is 95.5%.
Spring is just around the corner. If you are curious what your home is currently worth, please don’t hesitate to contact me. Call or text: #336-669-0483.
With the new year, there’s a lot of talk of the possibility of rates finally going up. Mortgage rates haven’t budged in the last year. With the economic growth and a record high stock market, rates have been hovering at historic lows. But all good things must come to an end and it’s predicted our low rates of 4% and under will rise to 5% in 2015 and 6% in 2016.
Granted such a change makes homes less affordable. But job creation and the accompanying rise in consumer confidence might very well compensate for the rising rates.
Having witnessed a market when rates were over 15%, I can assure you people will still be moving and buying homes. Over half of them move because their family has grown and they need more space or a different school district. Another third will move for job or marital changes. Then there are the folks that move because of retirement.
Low interest rates seem to matter less than life cycle vents. Regardless, if rates go up life goes on.
As a result of Senate Bill 734, effective January 1, 2015, most sellers of residential property will be required to furnish to any prospective buyer prior to the acceptance of a sales contract a new disclosure form: Mineral and Oil and Gas Rights Mandatory Disclosure Statement. For more information regarding this new requirement, please feel free to contact me.
It’s absolutely improving! Per the May figures, our average sales price is $175,157. That’s up 3.7% over May 2013. Existing home sales bottomed in 7/2012. Since then we have seen a 11% increase! The average for days on market is 103. We currently have approximately 7.2 months worth of inventory. (A balanced market is 6 months.)
Single family homes in the northwest section of Greensboro / Guilford County continue to sell extremely well.