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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Lake Norman Southwest. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Fred: 828-446-6155 or Dawn: 704-562-2369
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $800,000 - $849,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Lake Norman Southwest is | Increasing |
| Seller Activity for the past 90 days in Lake Norman Southwest is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | for some of the best priced homes are having muiltiple offers the first week, these are the really good deals |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | if homes are priced correctly, they are selling more quickly. I have seen some home go under contract the frist week on the market, and have more than one offer. So if you see a home that looks like a great deal someone else is thinking so too, as a buyer you need to take action fast to get a chance at some of the best buys on the market. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Charlotte |
| Housing Hot Spots | The Lake area. |
| Average Sold Price | $200,000 - View Graph Trend |
Lake Norman Southwest Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Fred Rosati and Dawn Smith
Fred: 828-446-6155 or Dawn: 704-562-2369
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Fred Rosati and Dawn Smith
Keller Williams Realty
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 Fred: 828-446-6155 or Dawn: 704-562-2369
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