I can think of a couple of things that are more unpleasant than relating the latest foreclosure numbers in Greensboro, like watching “Quest for Fire” or taking the NC Real Estate Commission licensing exam. But I’m so deep into this foreclosure watch that I’m really curious to see how it all ends. (Unlike the aforementioned “Quest for Fire”.)
For the week ending 8/23/09:
- new foreclosure listings: 13
- highest list price: $425,000
- lowest list price: $45,000
- average list price: $162,907
- median list price: $119,900
The 13 new listings means a return to the double-digits after only one week – last week – where there were fewer than 10 (7). The average, median and highest prices are also appreciably more than previously. As a matter of fact, the average list price of $162,907 is the highest weekly average by far since I’ve been keeping track.
Oy.
The listings are spread judiciously across almost all zip codes. Only 27401 and 27408 had no new listings for the week. The rest are as follows: 
- 27403: 1
- 27405: 2
- 27406: 3
- 27407: 1
- 27409: 1
- 27410: 3
- 27455: 2
The distribution of listings over the last 4 weeks is still heaviest in the 27406 zip code with 27410 increasing its numbers with 17 and 10 new listings respectively.
Perhaps the most unpleasant piece of this is that the rolling 12-week number has increased – again. This is the 10th week with out a decline in that number. I don’t know about you, but I find this really irritating.
There isn’t a great deal to be done with this except move on and hope for better numbers next week.
In the meantime, think I’ll duck into a dark movie theater and let myself be diverted by something less disturbing than these numbers. Or by seeing cavemen chow down on a mastodon.
As always, whether the news is good or bad, you’ll see it here.
_________________________________________________________
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
