Those are the numbers, a snapshot of current inventory and the average list price for all 9 Greensboro zip codes.

Although 3300 properties is down from last week’s number of 3314 (and the previous week’s – 3304) the inventory number is still too high and the average list price is still off from where we were last year.

Some more details:

• The percentage of foreclosures overall is about 8%. This has been a fairly consistent number.
• The zip code with the highest number of listings is 27410. Again, nothing new there.
• The highest priced property is $3,500,000. The lowest is $12,000.
• Of the current listings, about 18% are ‘pending’.
• 85% are single-family
• 17% are townhouses
• 13% are condominiums

At this point what we will hope is that the inventory is leveling off. One the number of properties on the market being to decline, prices will at some point start to increase. The last couple of months have had good sales data. It remains to be seen how the next couple of months will treat the housing market in Greensboro. But whatever the news, you’ll be able to find 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) as of June 29, 2010,  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.

A quick snapshot of houses on the market in Greensboro show that there’s plenty to choose from, to say the very least.

Looking over the last 6 months, the total number of listings (including ‘active’ and ‘pending’ listings) is 2996*. That’s almost exactly smack-dab in the middle of the highest number of 3091 on May 26th and the lowest of 2892 on March 31st.

And the average list price – $222,900 – is lowest it’s been in that same time period.

This is not particularly welcome news for sellers, but awesome for buyers.

There has been a slight increase in the percentage of foreclosures in these numbers. Four of the nine Greensboro zip codes had a small increase in foreclosure listings: 27405 (+3), 27406(+5), 27410 (+2) and 27455 (+2). 27403 had a reduction (-1)The rest remained the same.

The percentage of overall listings that are foreclosures increased from 189 (6%) to 200 (7%). Nearly all of that gain is in the single-family category.

An example of a listing with an asking price representative of the average is this lovely thing at 1809 Colonial Avenues:

1809 Colonial Ave, Greensboro, NC 27408 $225,000 (MLS#526828)

The average listing price of $222,900 can buy a really nice house in a very nice neighborhood. The example to the left is such a house. With 3 bedrooms and 2 baths this house is representative of the size one would might expect as an “average”.

All in all, the numbers continue to show that Greensboro is following the very general trends of most of the country but without the big ‘ouchies’ some areas are enduring. Good deals are available, nice homes are on the market and a few houses are owned by banks.

Keep watching this space to see what happens next.

And now, the rest of the graphs, please…..

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.

Finally, the number of properties listed for sale in Greensboro has dipped a bit. It’s been a minute since that’s been the case and is welcome news. The number isn’t lower by much, mind you, and the average list price is up by only roughly the amount some spend on designer coffee each month. But still… Down is down and up is up.

I’ve added a new metric this week, one I should have been tracking all along. It occurred to me that while I post weekly information about the raw number of foreclosures listed in Greensboro, I haven’t shown that number as a percentage of total listings.

D’oh!

This weeks rights the wrong. But first the overall data:

• Total listings: 2925* (down 72, or 2.4% from last week)
• Average list price: $225,470 (up $322 or .1% from last week)

Of the total listings 189 (6%) are listed as foreclosures. This breaks down into type of housing as follows:

• single family: 153 of 2110 (7%)
• townhouse: 15 of 422 (4%)
• condominium: 21 of 393 (5%)

Breaking further by zip codes:

And the rest of the data (and not for nothing, but between the high prices and low foreclosure percentage, you’ve got to think homeowners in the 27408 zip code are loving life)

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.

Time for a snapshot of the inventory of houses for sale in Greensboro.

The the total number of properties on the market – both active and those under contract but not yet closed – is 2997. Plenty, but down from the 3091 we had at the end of May. As with all economic news, we’ll take all the good we can get.

The percentage of “pending” properties is 18% of the total. This is very much in line with what we’ve seen over the past several months.

Ditto on the consistency for he percentage of single-family homes which remains at 72%. .

The average list price took a real hit on the tookus recently, so seeing a moderate increase is a relief. It is $236,093 today compared to $226,548 this time last week. This is down from the high of $248,854 in mid-May. Oh well. There’s always next week on that piece.

And, for your viewing pleasure, here’s Graphipalooza:

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.