The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 2nd week of June 2008.

These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield.

New Listings: 217

• Existing Homes: 208
• New Construction: 9

Listed homes going under contract: 124
Listed homes closing (sold): 66
Listed homes expiring: 54
Listed homes withdrawn: 46
Average Days on Market for Active Listings: 133
Average List Price for Single Family Homes: $242,000

Are you thinking of selling your Greensboro/Guilford County home?

• Take a look at our Advantage Listing Home Marketing System.
• Find the value of your home with a free over-the-net home evaluation, please visit: www.TheBennettGroup.com

Are you searching for a new home in Greensboro or the surrounding area? 

• Click here to use our Home Search Tool. Get access to all of the current listings in the Greensboro/Triad area
• Would you like more information about Greensboro or our surrounding communities then just give us a call at 336-346-1261 or 336-669-1156

The Bennett Group constantly monitors our local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Greensboro real estate statistics for the 1st week of June 2008.

These Greensboro Market Statistics include all of Guilford County including High Point, Oak Ridge and Summerfield.

New homes on the market: 213
Number of homes under contract: 146
Number of homes closed (sold): 47
Number of homes expiring: 68
Average Days on Market for Active Listings: 132

Are you thinking of selling your Greensboro/Guilford County home?

• Take a look at our Advantage Listing Home Marketing System.
• Find the value of your home with a free over-the-net home evaluation, please visit: www.TheBennettGroup.com

Are you searching for a new home in Greensboro or the surrounding area? 

• Click here to use our Home Search Tool. Get access to all of the current listings in the Greensboro/Triad area
• Would you like more information about Greensboro or our surrounding communities then just give us a call at 336-346-1261 or 336-669-1156

I see those ads everyday one place or another... TV, Internet, Newspaper, etc., spouting "Foreclosures in your area from $10,000!". So I decided to take a snapshot in time today and see what the savvy investor can get for 10K in the Greensboro/Guilford County area.  As a note of reference we have been listing foreclosures for Freddie Mac and BB&T for over 4 years. And yes we have sold two homes for less than 10K, about 2 years ago.

Well not to my surprise, (today), there were no foreclosures active in the MLS for 10K or less, but there were 3 listed under 20K, starting at 14K. There are 24 listed from 24K to 50K. Also a search of homes closing for 10K or less over the last year, only produced 7 homes.

So when you do find these homes at 50K or less, are they really "bargains" or good buys for a prospective buyer. Probably not. I have completed hundreds of Broker Price Opinions (Market Analysis) on foreclosed homes in the area, so based on my knowledge of the areas these homes are in, they really hold no long term value. What happens with these homes is an investor buys them and will do one of two things... 1. They repair it to the acceptable level to rent it, or 2. They repair/refurbish the home to an acceptable level to flip it to yet another investor and make a "small" return on their work and effort.

So are there any real bargains in the area for owner occupants looking to incur a little sweat equity or investors looking for a good return on their money. Absolutely, but they are likely going to be in the $80,000+ range, and more likely in the $150,000+ range. 

If you are looking for that next "great deal" we would strongly encourage you to use the services of a real estate professional with extensive experience and knowledge of the market, that will help you make the correct decisions about the purchase.

Our experienced buyers agents stand ready to assist you, if you are looking for a fixer, foreclosure or investment property in the Greensboro market.

Grant Bennett, Broker
The Bennett Group
REMAX of Greensboro
www.thebennettgroup.com
www.triadrealty.com

I'm a golfer (hacker), so I thought I would start sharing some of the wonderful golf courses and golf communities we have in the Triad area ( Greensboro, High Point, Winston-Salem ).

On memorial day I played Oak Valley golf course in Advance NC, which is a short 40 minute drive from the west side of Greensboro and just a few minutes from Winston-Salem. Advance is actually in Davie County which borders Forsyth County.

This is a beautiful Arnold Palmer designed course and according to their website they have hosted a US Open Qualifier and US Amateur Qualifier. The course is semi-private and has great amenities.

I have played the course 4 or 5 times over the last couple of years, but this last time, instead of totally focusing and fusing about my golf, I really started noticing the wide range of home sizes, styles, and apparent price differences. This got my curiosity up and I wanted to share the results with you.

If you have wanted to live in a golf community and thought, there's no way... Well your in luck! I just did a search of the MLS and there are 49 homes on the market priced between $248,900 and $1,098,000. The good news is 16 of them are priced under $400,000 and 6 of those are golf course lots.

If your looking for a home in a golf course community, I hope this information is helpful.

Here is a link to the homes currently available in Oak Valley -> Oak Valley Homes For Sale

Oh yea, I shot a 43 on the front 9. We won't talk about the back 9!

Hit'm Straight

Grant Bennett
The Bennett Group
RE/MAX of Greensboro

Our Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"Moving Up? What You Need to Consider to Accommodate Your Growing Family";
"How To Get the Goods On Regreening";
"ID Theft Hits Home";
"Keep Cool Starting From The Top";
"Avoiding Home-Based Business Blunders";
"Tax Rebate Uses For Sellers";

Enjoy: The Bennett Group Newletter