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Greensboro, Winston-Salem, High Point The Triad Area
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Old 06-13-2007, 12:33 PM
 
Location: Charlotte, NC
550 posts, read 1,619,390 times
Reputation: 188

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I'm really surprised by the slow home sales in the Triad...but I guess it's like that all over. I put my house on the market about 2.5 months ago in a very desirable neighborhood. I've had lots of showings, and every comment has been positive, but no one's buying...

I've already moved to Charlotte - well, living with relatives until my house sells - so the frustration is amazing.

To quote my realtor - "I would have bet $1 million that your house wouldn't be on the market this long..."

Is anyone else experiencing this?

Anyone interested in a house off West Wendover? haha
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Old 06-13-2007, 01:06 PM
 
509 posts, read 1,644,439 times
Reputation: 182
Quote:
Originally Posted by Dakota4791 View Post
I'm really surprised by the slow home sales in the Triad...but I guess it's like that all over. I put my house on the market about 2.5 months ago in a very desirable neighborhood. I've had lots of showings, and every comment has been positive, but no one's buying...

I've already moved to Charlotte - well, living with relatives until my house sells - so the frustration is amazing.

To quote my realtor - "I would have bet $1 million that your house wouldn't be on the market this long..."

Is anyone else experiencing this?

Anyone interested in a house off West Wendover? haha
I'm in exactly the same boat and my house is in a trendy downtown neighborhood... nothing is moving. We thought we would sell in a month or two... it's been on the market since mid-JANUARY.

GT
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Old 06-14-2007, 09:06 AM
 
59 posts, read 227,150 times
Reputation: 20
It is just as bad here in my neck of the woods in Chicagoland. My house has been on the market since March, and I have had 3 showings. My home is below market value. But we have a huge development of 1300 homes. Their deal is "Buy one of our NEW Homes, and we will buy your current home" How in the World are we suppose to compete with that. We are trying to move to W/S asap. but at this rate we could be here for at least another year..
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Old 06-14-2007, 10:22 AM
 
Location: Greensboro, NC
27 posts, read 122,449 times
Reputation: 22
Builders of new homes have gone into overdrive anticipating the demand. I live in a new home community in Greensboro and the neighborhood has been selling quite well. This is certainly affecting the timeframe for existing homes to sell. Bottom line, supply is high right now, so demand is weakened. This won't last forever. With companies like FedEx and HondaJet moving to the area and a shrinking housing inventory as the population increases, I anticipate a sellers market in 3-5 years.

Last edited by mrbsf; 06-14-2007 at 10:30 AM..
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Old 06-16-2007, 10:30 PM
 
Location: Clemmons, NC
22 posts, read 78,801 times
Reputation: 17
Just a few stats for you...2838 homes have sold in Guilford Co. since Januaray with an average of 89 days on the market. Average sales price is $186,158. So, with an average of 89 DOM, that's really not too bad. I know that doesn't help either of you, but hopefully you'll get some offers soon. mrbsf does make a good point concerning supply, demand & potential growth.
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Old 06-17-2007, 11:09 AM
 
252 posts, read 985,863 times
Reputation: 172
GirlTravels, and Dakota.......Where specifically are your houses and how much are u asking for them? I may be in the market for a house in Greensboro! U can PM me if u wish to keep info private....Thanks
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Old 06-20-2007, 09:41 AM
 
Location: Charlotte, NC
550 posts, read 1,619,390 times
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My house is off of Wendover, listed for $153.5K. It's a Jamestown address. 10 min. to downtown GSO.
3BR, 2.5 baths...natural area in the backyard, new ext/int paint, new carpeting, ceramic tile in master bath, new laminate floor in entryway...
If you want to know more, I can send you the MLS #
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Old 06-20-2007, 04:28 PM
 
Location: Greensboro
10 posts, read 38,033 times
Reputation: 14
We are getting ready to list our house for sale in Greensboro - Thank you to the poster who included the stats about the days on market...I'm new to all of this.

Are you all using a real estate agent or selling by owner?
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Old 06-21-2007, 07:38 AM
 
Location: Charlotte, NC
550 posts, read 1,619,390 times
Reputation: 188
Using an agent..
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Old 06-25-2007, 12:38 PM
 
509 posts, read 1,644,439 times
Reputation: 182
Quote:
Originally Posted by Topo View Post
GirlTravels, and Dakota.......Where specifically are your houses and how much are u asking for them? I may be in the market for a house in Greensboro! U can PM me if u wish to keep info private....Thanks
My house is in Southside, in the new area right near uptown (walking distance to Natty Greene's, etc. Asking $310,000. It was built in 2004 and has many upgrades, including granite, wraparound front porch, and fenced yard.

GT
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