Finally, finally, finally. For the first time since May, the new weekly foreclosure listings in Greensboro have been in the single digits two weeks in a row. For the week ending 9/13/09 there were 7* new listings. The week before, 9.

Too soon to say there’s a trend, but we’ll take it.

Those 7 foreclosures are located in 4 zip codes of Greensboro:

• 27401 – 2 listings
• 27405 – 2 listings
• 27406 – 2 listings
• 27410 – 1 listing

All but one are single-family houses, 1 being a townhouse.

Some data of note: the list price range for the houses is substantially narrower – and lower – than for any week since May.

• highest list price - $89,900
• lowest list price – $24,900
• average list price – $54,314
• median list price – $44,900

AND, for the first time in a goodly while, the number of foreclosure listings over a 12-week rolling period declined. We’ve been on an upward tick for this measure since June. So, again, good news.

The zip codes most impacted by foreclosures continue to be 27405 and 27406, which account for fully 50% (64) of the total number of foreclosures listed (128) in the last 12 weeks

Below are the requisite charts and graphs, but first here are a couple of properties that represent some of the foreclosures available in Greensboro right now:

2400 Peppervine Trail, Greensboro, NC 27455 $239,900 (MLS#530680)

2000 S. Benbow, Greensboro, NC 27406 $33,500 (MLS#525347)

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

Tags: 27410, Foreclosures in Greensboro, Greensboro, Greensboro foreclosures, Greensboro zip codes, listingbook.com, MLS, Multiple List, Multiple Listing Service, PTI, Triad MLS

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.

_________________________________________________________

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

Tags: Foreclosures in Greensboro, Greensboro housing statistics, Greensboro zip codes, Multiple Listing Service, Triad MLS

One of the most popular topics on this site is that of foreclosures. With all the carpet-bombing news stories about the distressed economic system, distressed banks, distressed real estate markets and distressed home sellers one could understandably be, well, distressed.

For sure, there is pain out there. True, real, flesh and blood people in tough positions.

But when we drill down to Greensboro foreclosure numbers*, we had another good week.

During the week ending 4/12/09, only 5 foreclosures were listed. That’s the fewest weekly total since tracking of the numbers started on this site. And of the 9 residential Greensboro zip codes, three have had no foreclosures listed in the last weeks. (27403, 27408 and 27455)

More importantly, there is a decided trend in the rolling 12-week periods of foreclosure listings. There were 12 fewer in the 12 week period ending 4/12 than the previous period. That’s a huge drop.

There has been a moratorium on foreclosures by some financial institutions, and those moratoriums are coming to a close. So perhaps the numbers will go the other direction in weeks to come. If they do, you’ll read it here.

But for now the trend is clear. There are fewer foreclosures in Greensboro than there were. And that means fewer stressed home sellers, which may lead to less stress on the real estate market, banks and the economy in general.

Let’s hope so because until they start putting Xanax in gumball machines, we all need less stress.

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

Tags: Foreclosures in Greensboro, Greensboro, Greensboro zip codes, MLS, Multiple List, Multiple Listing Service, Real estate market

It just keeps getting better.

There were only 6* new foreclosure listings in Greensboro for the week ending 3/15/09. That is a really small number. The average weekly listings since I started tracking in early September ‘08 is 12.

And the total number listed in the 12-week rolling period ending on 3/15 is 142.

One-forty-freaking-two. It’s been as high as 165

AND, the number of listings closed or under contract are increasing. Can we get a round of applause? (I’ll wait for the cheering to subside…)

Add to all this and across the state foreclosures numbers are way down. I’m calling it. We’ve rounded the corner in regards to foreclosed homes. **whew!!**

Here. Look at the graphs and charts. Lovely, lovely, lovely.

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.

Tags: Foreclosures by Greensboro zip code, Foreclosures in Greensboro, Greensboro housing statistics, Multiple Listing Service, Triad MLS

I’m not trendy, but I know a trend when I see one. And there is a definite trend in the foreclosure listing activity in Greensboro.

It’s a downward trend, and that’s good. In order for the real estate market to rebound, there must be a reduction in inventory overall, and in the number of foreclosures specifically. That’s because foreclosures are the real estate equivalent of single celled organisms – not really productive in the grand scheme of things, taking energy the environment and are often slimy.

And I mean that literally. Some of these places look like they’ve been rode hard and hung up wet.

So, the first step towards economic evolution and advancement is to get these distressed properties off the market. And that’s what appears to be happening.

Looking at 12-week rolling periods, the week ending 3/1/09 has the lowest total since I started tracking, which was the beginning of September 2008.

That’s the first bit of good news.

The second is that, of the 146 properties listed in the last 12 weeks, the fewest yet are still on the market (comparing to other 12 week periods) and more are closed or pending than other periods.

Not only that, but of ALL the foreclosures listed since 9/8/08,  nearly 2/3 are closed or under contract..

This is a trend – unlike botox injections – behind which I can get.

[NOTE: It has been requested that I include numbers for  Summerfield, a 'bedroom' community north of Greensboro in Guilford County. I appreciate the suggestion and will start compiling the data and will post as soon as I have done so.]

For those who like to see the numbers for your zip code, here you go:

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). Weekly fluctuations of the numbers can happen as the data is impacted by the promptness of input by members, properties that are temporarily withdrawn from the market, etc.,

Tags: Foreclosures in Greensboro, Greensboro, Guilford County, MLS, Multiple List, Multiple Listing Service, Real estate market, Summerfield

The number of foreclosures listed in Greensboro during the week ending 2/1/09 was down a wee bit from the previous week  – 12 compared to 13.

“Well, woopty-doo!” I can hear some say.

“Indeedy-doo”, I say.

No, one less foreclosure listing isn’t an indicator of any particular change in the nauseating news we hear. But, as I’ve written before, looking at very recent trending is more important than any snippet of data from one point in time.

So I like to look at what’s happened to all these foreclosures because a property coming on the market is only part of the story. We want to see how many are selling. And that is where we can see a positive trend.

Walk this way…..

This is interesting. If you look at the fact that there are fewer foreclosures still ‘active’ than even during the 12-week rolling period ending 12/28/08 (when there was a total of 148 foreclosures having been listed, compared to the 153 listing in the 12-week period ending 2/1/09) that’s pretty encouraging.

While the number of listings is somewhat static, the number selling is increasing.

BTW, of the 12 foreclosures listed last week, 2 are already under contract (‘pending’)

Good stuff.

Now, for all you chartaholics:

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). “Single-family” does not include Duplexes or manufactured homes.

Tags: Foreclosures in Greensboro, Greensboro housing statistics, Multiple Listing Service, Triad MLS

This update is a couple of days later than usual because I’ve been busy. Yes. Busy. In real estate. Go figure!

At any rate, for the week ending 1/25/09, the number of new foreclosures listed in Greensboro totaled 13*. That’s down from the previous week of 16.

*shrug*

Nothing dramatic in that. And looking at the totals for the most recent 12 week-rolling period, the numbers also are nothing to scream about – 156 total listed vs. 153 total listed for the previous 12 week period.

But – and there’s always a ‘but’ – there is something a bit interesting.

If we look at what’s happened to those 156 properties listed in the last 12 weeks, more of them are ‘pending’ (under contract to sell) than any other 12 week period.

“So what”  you ask?

More pending sales mean more inventory about to be off the market.

Less inventory = better news for everybody.

And now, the rest…

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). “Single-family” does not include Duplexes or manufactured homes.

Tags: Foreclosures in Greensboro, Greensboro housing statistics, Multiple Listing Service, Triad MLS

Again, hopeful news. And, no, I’m not cheer leading. Not my style (much to the consternation of some.)

What could be good about foreclosures? Not much. And nothing good for those who’ve lost their homes.

What is good is when there are fewer of them. And this week is specially good because of the 11 foreclosures which came on the market the week ending 1/11/09, three are already sold. And *sshhh* I sold one of them!

That’s right. And I haven’t seen any foreclosures go under contract the week the get listed since I’ve been tracking this.

First numbers:

Total new foreclosures listed: 11*

• single-family: 10
• townhouses:    0
• condos:           1

Then pictures:

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).

Tags: Foreclosures in Greensboro, Greenboro housing statistics, Greensboro Realtors, Multiple Listing Service

Here’s the weekly update on new foreclosures that have come on the market in Greensboro. As in previous posts, the information is drilled down to zip code, property type and weekly historical data

The numbers stayed relatively flat comparing the week’s new foreclosure listings (11) to the previous (10). But keep reading for some GOOD NEWS.

Here’s how it breaks down…

For Greensboro’s foreclosure listings during 12/15/08 – 12/21/08*:

Total new foreclosures listed: 11

• single-family: 9
• townhouses:    0
• condos:           2

by Greensboro zip code:

And if we look at those zip codes comparing the most recent 3 weeks:

The aforementioned good news comes when we compare “rolling 12 week periods”. The numbers for those 12 week periods show a downward trend.

Could this be a result of the holidays? Maybe, but unlikely. Misery doesn’t take holidays.

Could this be a result of a foreclosure moratorium?  (Citibank, Fannie Mae and Freddie Mac advised they would halt foreclosure proceedings on homeowners in specific circumstances into January 2009)

Again, maybe. It’s hard to know how many of those owners fall under requirements set out by those lenders.

Frankly, it doesn’t matter why. If it is a result of the moratorium, great. It’s helping the inventory situation, which helps all sellers, as well as helping those borrowers who have a reprieve from foreclosure.

If the reduction in the number is just the natural result of what is inevitable – that is, that the housing market will reach ‘bottom’ and start turning upwards from there – even better. That may be wishful thinking, but I’m a positive type of gal.

Time will tell. Keep checking back with this blog and we’ll see whether I’m a cock-eyed optimist, or just cock-eyed.

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)

Tags: Citibank, Fannie Mae, Foreclosure Moratorium, Foreclosures in Greensboro, Freddie Mac, Greensboro, MLS, Multiple Listing Service