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

Regular readers of this site know that my particular method of tracking all sorts of information is by Greensboro zip code.

The time seems ripe for drilling down a bit more with all this data and looking at each Greensboro zip individually. And so starts a new series on this site: Greensboro Zip Code Profile.

We’ll start with zip code 27410.

Here’s some basic 411:

• 27410 is located in the northwest part of Greensboro, “northwest” being defined as north of Market Street and west of Elm Street.
• The average currently listed price of single family homes is $321,596, compared to that of all Greensboro zip codes, $271,497.

• 27410 is not the largest zip area-wise but overwhelmingly has the most listings: 614 which represents 29% of the total listings in town at this time. The next highest today would be 27406 with 472.
• 7 of the 40 properties currently listed for at least $1,000,000 in Greensboro are in the 27410 zip code.

Current Listing Data

• average active listing price (all property types): $261,662

• single-family: 351 (57%)
• townhouses: 159 (26%)
• condominium: 104(17%)

• owner Sale: 559 (91%)
• foreclosure: 21 (3%)
• pre-foreclosure: 14 (2%)
• undisclosed: 20 (3%)

• average single-family list price: $321,596
• average townhouse list price: $180.043
  
• average condo list price: $109,930

• highest list price (single-family): $2,750,000
  
• lowest list price (single-family): $49,900

Here are some properties representative of listings in the zip:

12 Month Sales Data

Over the last 12 months, sales in the 27410 zip have looked like this:

• average closed priced (all types, last 12 months): $198,545

• total number of closings (all property types): 586
  
• average list price (all property types): $205,733
  
• average closed price ( all property types): $198,545
  
• average list/closed price percentage: 97%
  

• single-family: 295 (59%)
  
• townhouse: 132 (27%)
  
• condominium: 70 (14%)

• owner Sale: 516 (88%)
• foreclosure: 48 (8%)
• pre-foreclosure: 7 (1%)
• undisclosed: 15 (3%)

• average single-family closed price: $234,954
• average townhouse closed price: $139,228
• average condo closed price: $123,001

• highest closed price (single-family): $1,300,000
  
• lowest closed price (single-family): $50,000

Schools

Some of the schools children who live in 27410 attend are:

• elementary: Claxton, Colfax, General Greene, Guilford, Jefferson, Jesse Wharton, Morehead, Pearce, Sternberger, Summerfield,
• middle: Guilford, Kernodle, Kiser, Northern, Northwest

• high: Grimsley, Northern, Northwest, Page, Western

Some 27410 Listings

For your viewing pleasure….

607 Seven Oaks Drive, Greensboro, NC $564,500 (MLS#524770)

4007 Palazzi Way, Greensboro, NC $239,900 (MLS#525203)

12 Regal Court, Greensboro, NC, $349,900 (MLS#551313)

1938 Ray Alexander, Greensboro, NC $150,000 (MLS#553560)

Some 27410 Neighborhoods

This is just a partial list of the subdivisions found in 27410:

• Benfield
• Brandt Ridge
• Brassfield Oaks
• British Woods
• Camden Falls
• Cardinal
• Carslon Farms
• Carriage Hills
• Forest Valley
• Friendly Acres
• Green Valley
• Hamilton Lakes
• River Hills
• Starmount
• Westridge Heights
• Windsor Park
• White Horse Farms

There’s much more to say about this zip code but frankly, I’m pooped. Be looking for profiles of other zip codes as well as neighborhoods in the future.

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: 12 Regal Court, 1938 Ray Alexander, 27410, 4007 Palazzi Way, 607 Seven Oaks Drive, Claxton Elementary, Greensboro zip codes

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.

Tags: 1809 Colonial Ave, 27410, Greensboro, Greensboro housing prices, Greensboro housing statistics, Greensboro zip codes, housing inventory, listingbook.com, MLS, MLS 526828, Multiple List, Multiple Listing Service, PTI, 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

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

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

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

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

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