Having examined the foreclosure activity in Guilford County I wanted to show the non-foreclosure listing figures. We’ll look at the the various cities and towns in Guilford County and will break down listings by property type :

Communities:

• Greensboro (largest city and county seat)
• High Point (2nd largest and home of the International Home Furnishings Market)
• Summerfield
• Jamestown
• Oak Ridge
• McLeansville
• Stokesdale
• Brown Summit (also written and Browns Summit)
• Whitsett

Property Types:

• single-family homes
• townhouses
• condominiums

So much to see! Off we go…

As of today, the total number of non-foreclosure listings in Guilford County is 3940. Most are in Greensboro (2295) followed by High Point (786). The rest of the numbers shake out like this*(Click on the pie wedge to see the number of listings):

Breaking down the numbers for the types of properties on the market in Guilford County it looks like this:

• single-family (3051)
• townhouse (526)
• condominium (363)

* Data is compiled from my reporting from the Triad Multiple Listing Service (MLS).

As has been stated many times in this blog, our area has not been as dreadfully impacted by foreclosures as others. And, thankfully, fewer have come on the market in the last couple of months than in the previous few. I won’t go as far as to say the tide has turned, but we must take our good news where we can.

In Guilford County, 69 houses that came on the market in November were listed as “foreclosures.” That’s fewer than in both October (82) and September (87)* All of this is down considerably from the August figure of 101. The highest month was June with 104.

And these distressed properties continue to sell. We currently have 399 single-family foreclosures on the market in Guilford County, of which 146 are pending (under contract). That translates into about 37% of foreclosure listings that will hopefully close and be removed from the inventory. And once inventories are reduced, things can begin to start to prepare to anticipate … getting back to normal.

Here’s how it all looks:

Single-Family Foreclosures, Listed/Pending/Closed*

Further, when we look at all foreclosure activity since January 1st of this year, the great majority of properties that were listed have been sold, and of those remaining on the market, more than a third are pending.

Active/Pending/Closed Single-Family Foreclosures Since 1/1/2008

And one more thing. Most properties listed are not foreclosures. About 6% are. That’s too many and still says there are plenty of families hurting out there, but most listings in the Greensboro area  not foreclosures.

“Graphited”, it looks like this:

Foreclosures vs. Non-Foreclosures (Single-Family, all Guilford County)

The take-aways from this?

• Fewer houses have come on the market as foreclosures
• Most that have been listed this year have sold already
• The vast majority of houses are not in foreclosure
• Casey loves graphs.

* All data is my non-statisticiany breakdown of info pulled from the Triad MLS (Multiple Listing Service).