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Is Home Ownership Still the American Dream?

March 30, 2011 By Leave a Comment
Is home ownership part of the American Dream?

Is home ownership part of the American Dream?

After all of the negative news regarding the real estate market the last few years, some people ask,  ”Is home ownership still part of the American Dream?”  And I proclaim with confidence a resounding “Yes!”  So why does home ownership matter so much to people?  Studies show that home ownership has a significant and very positive impact on net worth, educational achievement, civic participation, health and overall quality of life.  The National Association of Realtors did a recent survey, and here are some reasons why homeownership matters to people:   [Read more...]

Filed Under: Real Estate Market Statistics, Realtor Tips, Winston Salem Real Estate Tagged With: , , , , , , , , , , , , , , , , , , , ,

Winston-Salem Area Home Sales Dropped in 2010

February 17, 2011 By Leave a Comment

The Winston-Salem area housing market has been in decline the last few years much like the rest of the country.  There were 4843 houses sold in 2010, which was down 5.1% from 5104 homes sold during 2009.  The statistics were taken from a combined total of Forsyth, Davie, Davidson, Stokes, and Yadkin Counties.   Local appraiser, Michael Clapp, compiled the statistics.  He believes we are near the bottom based on the analysis.   [Read more...]

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Forsyth County Home Sales Up for 2010

August 2, 2010 By Leave a Comment

The national housing market continues to be sluggish, however our area has outpaced the state and national numbers. Home sales are up in Forsyth County over 17% from June 2009. 563 homes sold in June, 2009 according to our local real estate board, the Winston Salem Regional Association of Realtors (statistics provided by Triad Multiple Listing System), compared to June 2009′s 478 home sales. Sales also increased over 6% from May, 2010.
Craftsman Bungalow Winston Salem Home House

Read the full article on JournalNow.com
Forsyth County Home Sales Up for 2010

If you are looking to sell your home in Winston Salem and would like to know what it’s worth, please contact us at 336.462.9544 for a current “highest home value analysis.”

Filed Under: Housing Market, Real Estate Market Statistics, Statistics, Winston Salem Tagged With: , , ,

30 Minutes with Exit Luncheon – Tuesday, April 27

April 14, 2010 By Leave a Comment

Real Estate Agents, Are you getting all you need from your current real estate firm? If you are unsure or just not satisfied where you are, you should consider Exit Realty.

Come join us for a free luncheon on Tuesday, April 27th for an information meeting to learn more. Michael Washburn, Regional Director for Exit Realty of the Carolinas (Charleston, SC), will be the guest speaker. Please RSVP by Monday, April 26th. Limited Seating Available.

Which Real Estate Firm Should I Work For



Filed Under: Winston Salem Real Estate Tagged With: , , , ,

Winston Salem Housing Market Slowly Rebounding

February 6, 2010 By 1 Comment

The Winston Salem Journal published an article earlier this week that shows the local real estate market in Forsyth County is making some progress. Home sales were down in December from November, but they were up 5% from December of last year. Prices were slightly up from Exit Realty SoldNovember at $162,645, however a bit lower than $163,688 of December last year. The local board of Realtors (Winston Salem Regional Association of Realtors – WSRAR) is pleased with this progress locally based on many markets around the country showing a decline. Read the whole article below.

Winston Salem Real Estate Market Encouraged by Home Sales in December, 2009

With prices increasing it means inventories are going down.   So if you have been thinking about selling, but were unsure if the time is right, give me a call and request our free Market Timing Analysis for sellers.  You could be risking losing money if you continue to wait for prices to keep going up due to other factors that can affect a seller’s net.

Filed Under: Housing Market, North Carolina, Real Estate Market Statistics Tagged With: , , , ,

Homeowners Confidence Increasing about the Future of the Real Estate Market

September 14, 2009 By Leave a Comment

A recent survey by Zillow.com shows that home owners are becoming more confident in the real estate market.  Zillow performs a market analysis four times a year to see if home owners are optimistic or not in their home values for the next six months.  The survey results show the South to be the most confident and least affected by the recession.

The recent survey shows:

  • 22% believe their home has increased in value (27% in the South).
  • 19% believe their home has remained the same in value (21% in the South).
  • 60% believe their home has decreased in value (52% in the South).

Across the country, 83% of home values have dropped in the last year according to Zillow’s Second Quarter Real Estate Market Reports.  Home values were down almost 10% from one year ago.

Homeowners’ Future Outlook for the Next 6 Months:

  • 34% believe their home’s value will increase.
  • 47% believe their home’s value will remain the same.
  • 19% believe their home’s value will decrease.

The Winston Salem Piedmont Triad area real estate market has been fortunate not to experience a “bubble” where home values increased beyond actual value, and where home values have not decreased greatly like in major cities in states like Florida, California, Arizona and others.  Many people are still moving to North Carolina and many of them are considering the Triad area due to reports like Business Weeks  Top Places to Begin a New Career.

Winston Salem City Scape

EXIT Realty offers several marketing programs to home owners to help you sell your home fast including a free 24/7 info hot line to attract home buyers.  The hot line will also text a virtual tour to a potential buyer that is interested in more info about your home.   If you’re ready to list your home for sell, give me a call at (336) 287-4423, and I will provide you with a free market analysis and discuss more how EXIT will get your home SOLD.

If you are looking to buy right now, click the following link to use my Free Home Buyers Online Service.  This service will help you streamline your search by adding the specific criteria you are looking for.  I look forward to serving you.

Filed Under: Exit Realty, North Carolina, Real Estate Market Statistics, Relocation, Statistics, Winston Salem Real Estate, Winston-Salem Realtors Tagged With: , , , , , , , ,

June 2009 Home Sales Are Up in Winston Salem

July 30, 2009 By Leave a Comment

Existing Home Sales in Winston Salem are Up for Sixth Consecutive Month

The Winston Salem housing market is on the increase, and that’s good news for real estate agents.  According to the Winston Salem Regional Association of Realtors there were 478 existing home sales for the month of June, which was up 10.4 percent from 433 in May.

This increase in sales made June the sixth consecutive month of increased sales and also the highest single month since September, 2008.

The association also reported that 320 of the homes sales were on the market less than 120 days.

Phillip Rector, the president of the Winston-Salem Regional Association of Realtors, was quoted saying, “When home sales increase month over month and the length of time it takes to sell a well maintained and appropriately priced home is decreasing, it tells us that the market has, indeed, begun a return to normalcy.”

However, in June 2008 there were 593 home sales compared to 478 last month.  That’s a 19.4% decrease from last year.

Even though, overall, this is good news, there are still many concerns with the unemployment rate and decrease in home prices.  The average price of homes sold in June was $162,503, down 9.7% from $179,889 in May and down 15.4% from $192,144 last year.

It looks like we are past the bottom in the Winston Salem housing market, and there seems to be a good balance for both buyers and sellers.  Homes are moving and taking less time to sell, which is good for sellers, but prices are lower than last year, so buyers should consider now the right time to buy before prices increase.  Give me a call/text if you are looking to buy or sell real estate in the Winston Salem area.  336-287-4423.

Filed Under: North Carolina, Real Estate Market Statistics, Real Estate News, Winston Salem Real Estate, Winston-Salem Real Estate Agents, Winston-Salem Realtors Tagged With: , , , , , , , ,

Winston Salem Real Estate Market News for July 2009

July 22, 2009 By Leave a Comment

It looks like sellers are growing more confident to put their home on the market.  409 listings have been added so far this month in Forsyth County which brings the total number of listings to 3364.  The average list price of the new listings is $188,998, the median price is $144,900, and the most expensive luxury listing  is $2,350,000 at 401 Sheffield Drive.

There are 629 pending sales, and out of the new listings 16 have already gone under contract.  There has been 130 homes that have sold so far this month.  The cheapest home sold was $13,000 at 520 Chandler St.  The median price of the sold homes is $143,000 at 413 Rockbridge Dr, and the highest priced sale was at 5253 Cedar Hill Ct. for $515,000.  The median of days on the market is 77 days.

If you are considering selling your home in the Winston Salem area or have any questions regarding price evaluations provided on this site, give me a call to discuss determining your home’s value.  I can be reached by phone or text at 336-287-4423.

Filed Under: Real Estate Market Statistics, Winston Salem Real Estate Tagged With: , , , , ,

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