Foreclosure listings for the week ending 11/1/2009 continue what has been a rather unattractive trend. Namely, they keep coming.

There were 17 properties listed during the time period. And while 6 of the 9 Greensboro residential zip codes had listings, 27405 and 27406 are still the two with the lion’s share of foreclosures. There were 3 and 6 listings in those zips, respectively. Over the last 4 weeks, those zips have had 38 of the 68 foreclosures listed (56%) and 80 of 157 of foreclosures listed over the last 12 weeks (57%).

The rolling 12-week numbers are still ugly as well. There have been 157 foreclosures listed between 8/10 and 11/1. That’s just wrong.

The list prices for the foreclosure last week are:

• highest: $249,900
• lowest $22,900
• average: $116,082
• median: $104,900

Over the last 12 months those numbers look like this:

• highest: $674,900
• lowest $8,000
• average: $89,900
• median: $70,200

Below are a few foreclosures available. And if you are thinking of buying one, it would be better to please go along and do it, and decrease the surplus population.

Sorry. Just preparing to get my “Christmas Carol” on.

2530 W. Woodlyn Way, Greensboro, NC 27407 $154,900 (MLS 553989)

2627 Stratford Drive, Greensboro, NC $99,900 (MLS 558067)

1608 Stokes, Greensboro, NC $29,500 (MLS 561085)

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: Greensboro foreclosures, Greensboro zip codes

The weather in Greensboro has made a change from warm and sunny to decidedly autumn-like. The skies have been overcast, we’ve gotten some much needed if somewhat mood depressing rain and people have broken out their nubby sweaters.

Along with the gray skies are the latest foreclosure listing numbers for Greensboro. The last few weeks haven’t been great. The week ending 10/11/09 had 21 new foreclosure listings*. That’s the highest weekly number in 2009.

Gray, indeed.

The most recent listings are spread over nearly all the nine residential Greensboro zip codes with only 27409 and 27455 having none. And, again, 27405 and 27406 are the most impacted zip codes, with 8 and 4 new listings, respectively.

Why the uptick in foreclosure listings lately? There are surely several reasons, many of which are beyond me. But in discussing this with a colleague, Leslie Wales-Hecht, a couple of days ago, she pointed out that over the last several months there have been a good many sellers, along with their lenders, trying to stave off foreclosure by going the ’short sale’ route.

Short sales, she pointed out, are the last stop before foreclosure. And since the short sale process is a long and complicated one, the number of foreclosure listings may be have simply been delayed while the short sale attempts were made. Leslie should know as she is actually a certified Short Sale Specialist and has been up to he pretty eyes in short sales for some time.

For those properties where short sale terms were not able to be worked out the inevitable was merely put off.

Makes sense to me.

Whatever the reason, it will be a delight to report on this site when the numbers start shriveling up and blowing away. Stay tuned for that.

In the meantime, some details:

The prices for the the week’s foreclosures range from $15,900 to $329,900. 18 of the 21 are under $100,000 and 14 are under $75,000. Three of the listings are already under contract. Look below for a few listings representative of what is available in the foreclosure market in Greensboro as of today.

1207 Arlington Street, Greensboro, NC $19,900 (MLS#556629)

2627 Stratford Dr, Greensboro, NC $99,900 (MLS#55067)

4200 Peppervine Trail, Greensboro, NC $229,900 (MLS#530680)

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: 1207 Arlington St, 2627 Stratford Dr, 4200 Peppervine Trail, Greensboro, Greensboro foreclosures, Greensboro housing statistics, Greensboro zip codes, Leslie Wales-Hecht, MLS, MLS#530680, MLS#55067, MLS#556629, Multiple List, Multiple Listing Service, Triad MLS

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

There were 11 new foreclosure listings in Greensboro* the week ending 8/30/09. Double digit still. Ugh. And they were spread across nearly all the Greensboro residential zip codes with only 27407 and 27408 having none. (27408 hasn’t had a foreclosure listed in 5 weeks.)

The deets:

• High Price: $134,900
• Low Price: $24,900
• Average Price: $84,400
• Median Price: $89,800

Foreclosure listed at 3725 Sherbourne, Greensboro, NC $89,800 (MLS#554387)

Here is an example of a listing that is priced smack at the median price of $89,800. Click on it to see more details and photos. This will give an idea of what can be had in the foreclosure market in Greensboro.

Again, zip code 27406 was most impacted, with 3 new listings. Of the foreclosures listed in the last 12 weeks, 42 have been in the 27406 zip code. This represents 32% of the 129 listed overall in Greensboro during that time. The closet to that number is in both the 27405 and 27410 zips, with 20 (15.5%) each.

Of the 11 listings, breakdown by type is:

• Single-family: 7
• Townhouse: 2
• Condominium: 2

For the pictorially fixated, here’s your weekly hit:

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: Greensboro foreclosures, Greensboro housing statistics, Mutliple Listing Service, Triad MLS

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

Tags: foreclosures by zip code, Greensboro foreclosures, Multiple Listing Service, Triad MLS

It was a nice, quiet week that ended August 16th as far as new foreclosure listings is concerned. After a few weeks of double-digit listings, seeing only 7 new foreclosures  come on the market was refreshing. And one of the properties is already under contract.

Excellent.

The 12-week rolling period saw another uptick, which is a bummer. The 128 properties listed in the period between 5/25 and 8/16 is lower than 154 listed in the 12-week period that ended 2/22/09 but higher than 88 for the period ended 5/31.

*shrug*

It is what it is.

Some details:

• prices: highest $234,00; lowest $36,900
• type: 5 single family; 2 townhouses
• zip codes: 2 (27405); 3 (27407); 2 (27410)

Do I have to draw you a picture? Actually, I’ll just show you some graphs:

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: Greensboro foreclosures, Greensboro housing statistics, Multiple Listing Service, Triad MLS

I’m flat out of clever things to write about foreclosures in Greensboro – or what I hope has passed as clever. At any rate, the numbers for new foreclosure listings show that not much has changed over the last several weeks. There were 10 foreclosures listed* the week ending 8/9/09, compared with 11 the week before and 11 the week before that.

The number of properties listed as foreclosures over the 12-week period ending 8/9/09 is 121. Last week that number was 122, 119 before that, 117 before that, and so on.

All of these numbers are higher than the Spring when there were fewer weekly listings and fewer cumulative listings. Perhaps we’ll be glad that flat is better than worse.

So glad we shall be.

This week I’m adding a new measure to the stats: list price. I hadn’t been tracking it previously because, well, because I hadn’t thought to do so. But below you’ll see a graph of the weekly median list price of foreclosures in Greensboro. And you’ll remember from high school that the median is not the average but rather the number at which half the prices are lower and half are higher. (If you don’t remember that, then you are probably the median person of all those who memorized the definition. Half of us didn’t remember either.)

Let me save you some eye strain:

The weekly median price of foreclosures in Greensboro has ranged from $44,900 to $149,900. The ‘average’ median – and my apologies to statisticians if there is no such thing – has been $75,373.

For the week ending 8/9/09, the list price numbers were:

• Median – $87,400
• Average - $92,360
• High - $150,000
• Low - $40,100

For those of you who wonder about such things, the list price numbers (based on weekly stats) show us that, since the week that ended 9/14/08 have been:

• Median – $75,373
• Average - $91,408
• High - $674,900 <-still available
  
• Low - $8,000 <-not

As for the rest of the data, 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) 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: Greensboro foreclosures, Greensboro housing statistics, Greensboro zip codes, Median home price Greensboro, Multiple Listing Service, Triad MLS

What the heck? I step away from the computer for a few weeks to train for and participate in a couple of triathlons (Yes, you read correctly. And no, I did not find a way to do so from a seated position with a martini in my water bottle. But that’s a topic for another post….) and the foreclosure numbers get all farkocktah.

Looks like in Greensboro, while our foreclosure numbers continue to be less gruesome than many other parts of the country  – I’m looking at you, Las Vegas – the nice improvement we had been seeing up until the time I put on my running shoes has turned into a nasty little reversal.

To wit there were 118 foreclosures listed in the last 12 weeks in Greensboro. This is the highest number since the 12-week period ending April 12th. As recently as May 12th that number had gotten as low as 89.

In addition to the fact that there are more foreclosures that have been listed, they are more evenly spread across Greensboro’s residential zip codes.  Granted, 27405 and 27406 still have the lion’s share of listings, no corner of town is immune.

Why all this increase in activity? Undoubtedly moritoriums on foreclosures that have now expired have had an impact. And it seems that many homeowners who were able to have terms of their mortgages reset to fixed and lower rates have still struggled to keep their homes. Throw in an uptick in unemployment and we may see the current foreclosure trend get a bit worse before it turns back around.

The overall inventory of foreclosures still available on the market has increased and we’re going to need to get through those properties in order to have happier news to report.

Geeze. I never would have thought swimming, biking and running in 92 degree heat would be more pleasant than writing about Greensboro foreclosures. Hopefully both my tush and the market will be in better shape in a few months.

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: Greensboro foreclosures, Greensboro unemployment numbers, Multiple Listing Service, News & Record, Triad MLS

And the downward trend continues. In this case “downward” is awesome. For the 11th week in a row, the number of foreclosures listed in Greensboro over 12-week rolling periods has declined*. And of those listed that haven’t already closed, almost exactly the same number are pending (under contract) as are still available.

We likey.

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: Greensboro foreclosures, Greensboro zip codes, Multiple Listing Service, Triad MLS

Oh boy, oh boy, oh boy. What a good week:

• the stock market is finishing up it’s 5th positive week
• economists are beginning to relax their sphincter muscles and say the worst may be starting to end
• the Tarheels won BIG in the NCAA tourney
• and foreclosures in Greensboro are disappearing faster than Michigan fans from Ford Field in the last 5 minutes of Monday’s game

Looky here:

This graph represents the total number of foreclosures listed in rolling twelve week periods in Greensboro. Clearly we are moving – dramatically – in the right direction. There simply is no good in having foreclosures in our market so the sooner they’re gone, the better for everyone.

Foreclosures listed during the week ending 4/5/09 totaled only 7. And all of them were in only 3 Greensboro zip codes. 5 were in 27505 and 1 each in 27407 and 27410. And looking at the last three weeks, several zip codes are really seeing a decline in foreclosure activity.

Indeed, the majority of foreclosures listed are in 3 zip codes (see pie chart below) That imbalance has been increasing lately. Not because more and more foreclosures are being listed in those 3 zips but because fewer and fewer are being listed in the other 6.

That’s because, just as North Carolina real estate was later to be impacted by the economic downturn than other states and Greensboro was later to be impacted than other places in the state, certain zip codes within town were impacted later and to a lesser degree than others. Consequently, rolling out of “the troubles” is following the logical path.

Last in, first out, so to speak.

Lastly, of foreclosures listed since early September ‘08, the lowest number and percentage yet are still available. Fully 70% are either already closed or under contract.

What a great week.

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: Greensboro foreclosures, Greensboro zip codes, Multiple Listing Service, News & Record, Tarheels win NCAA, Triad MLS