Greensboro Real Estate Report

North Carolina's Sales Tax Free Shopping Holiday is this weekend, starting Friday August 1st and Ending Sunday August 3rd. This is a great time to get those back to school items for your kids!

The sales tax holiday is only for certain items, such as cloths, school supplies, computers, computer supplies, etc... You can find out more about the in and out's on the following pages...

North Carolina Department of Revenue:
http://www.dor.state.nc.us/taxes/sales/salestax_holiday.html

List of Items Exempt:
http://www.dor.state.nc.us/taxes/sales/holiday_4-08.pdf

FAQ
http://www.dor.state.nc.us/taxes/sales/Holiday_FAQ.pdf

Have great weekend!

There is a lot of buzz among Greensboro residents, and the entire Triad area for that matter. We are all extremely excited about the new venue for our PGA Tour golf tournament, the Wyndham Championship. For the first time since 1976, the tournament will be played at the Sedgefield Country Club on its recently renovated Donald Ross designed golf course.

I thought I would share with you some of the homes in and around the Sedgefield community that are currently for sale. Also note that many of these homes are located between the Sedgefield community and the Grandover Resort which also has two wonderful golf courses and some beautiful homes as well.

Yes there are some rather high end homes on and around the course, but as you will see, there are also some very reasonable priced homes as well!

Are you looking for a new home or ready to sell your current home in NC? If you are, make sure when you talk to the various real estate agents you may in contact with, that you are careful what you discuss with them prior to having a agency/working relationship!

What is an agency relationship? That means you have a binding agreement with a broker or agent and they are representing you and your best interests in your real estate transaction. There are various types of agency such as a Buyer's Agent, Seller's Agent, Dual Agent, Designated Agent...

The NC Real Estate Commission has put together a "Working With Real Estate Agents" Brochure perfect for the consumer to help you understand the working relationship with the Agent or Broker.

All NC Real Estate Brokers are required to share this information with you at their first substantial contact with you. That means if you are discussing your real estate needs, financial situation, looking at homes, etc... We are to have you read it, help with any questions you may have about it, and have you sign it acknowledging you have received the information before we have any of those discussions or proceed to show you homes.

Don't worry the "Working With Real Estate Agents" is not a contract of any kind! We sometimes get push back from folks that they are not signing anything. And we don't blame them, but all you are signing is an acknowledgment of receipt of the information. In fact if you talk to several different agents you should be asked to read it and sign it more than once.

Take a look...

NC Real Estate Commission Work With Real Estate Agents HTML Version

NC Real Estate Commission Work With Real Estate Agents PDF Version

27410 in Greensboro was the "most wanted" area for June Home Sales in Greensboro, having almost 30% of the homes sold for the month.

Closed Home Sales: 101
Average List Price: $233,165
Average Sell Price: $225,209
Average Days on Market: 68

This area is unique and above average for the city as a whole and offers something for just about every buyer who wants to "live in the city" limits. You can get a condo in the $70,000 range or go a couple of miles and get a grand home in a country club setting for $3,000,000.

The Most Typical Home is a traditional with 2300 SF, 3 BR, 2.5 Bath built in the last 30 years.


There are currently over 500 homes for sale in 27410 as of this writing. Click Here to take a look.

Our July Real Estate Newsletter has been published and I wanted to share the highlights with you.

Our Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

• Sell Faster When You Understand The Buyers Mindset
• What You Should Know About A Buyer's Market
• Investor Report: Section 1031
• Paint The Perfect Sale
• Grill Burgers, Not Your Home
• Home Sales May Rise Modestly Before Upturn in Second Half Of 2008

Plus a roundup of June real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Click Here to take a look -> 

A look at the numbers for June, show that we are definitely in a Buyers Market in the Greensboro area.

If you are in the market to buy a home this is great news for you!

If you're seriously thinking about selling your home or you already have your home on the market and you're seriously ready to sell, then you need to make sure you price it correctly for the current market. With an active inventory of over 4900 Listings in Guilford County and only a little over 650 homes selling (closing) per month since March, you have to make sure your home is priced right and ready to sell!

What was hot in June? Homes selling between $100,000 & $200,000 accounted for 45% of the sales in the Greensboro area with an average of 80 days on the market and a list to sale ratio of 97.5%.

June 2008 Stats...

New Listings: 979

• Existing Homes: 833
• New Construction: 146

Listed homes going under contract: 527
Listed homes closing (sold): 518

• Avg List Price of sold homes: $197,617
• Avg Sale Price of sold homes: $$190,915 (96.6% of List Price)
• Avg Days on Market: 87

Listed homes expiring or withdrawn from market: 527

Current Listing Stats

Average Days on Market for Active Listings: 132
Average List Price for Single Family Homes: $242,000

These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield. All information is derived from the Triad MLS and is believed reliable but is not guaranteed.

Stunning Transitional Home! Bedroom with full bath on main, 492 sqft Bonus Rm on 2nd Level, Master Suite with sitting area, 2 staircases, laundry chute, lots of hardwoods, granite countertops, 3 car garage, mud room, screened porch & a 3rd floor with 900 SF unfinished floored space.
Year Built 2003 
Sq Footage 4,150 
Bedrooms 4 
Bathrooms 3 full, 1 half  
Parking 3 Car garage 
Lot Size .93 acres

Full Details and Visual Tour >>