Consider this a drive-by post. Been pretty busy lately and gotta run in a few minutes, but I wanted to share the latest information about foreclosures in Greensboro.
The short and sweet is – well, me, but let’s stick to real estate. Foreclosures listed in the week ending 5/31/2009 totaled 8, one of which is already under contract.
More importantly is that, looking at rolling 12-week trending, the number for the 12-week period 5/31 is down to 90. This is a distinct improvement over the grotesque number of 165 for the 12-week period ending 12/7/2008.
And of those listed since early September of 2008, only 20% are still available.
Some zip codes continue to be the most impacted by foreclosures – 27405 & 27407 have more that 50% of the foreclosures listed in the last 12 weeks. And those parts of Greensboro are clearly going to need more time to see appreciable improvement. But overall numbers continue to improve and that will eventually be reflected in those zips as well.
Step by step. Inch by inch. Zip code by zip code.
As always, whether the news is good or bad, you’ll see it here.
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If you have questions, comments or a good joke to share shoot me an email. I’m a full time Realtor®, I love what I do and would be thrilled to hear from you.
* All data from Triad Multiple Listing Service (MLS) and is only as good as the information entered, which is done by humans, who make errors. The information is only for those residential zip codes for Greensboro and does not include the surrounding communities
