Things are looking up despite all of the mixed news regarding real estate covered in the media. Are we out of the woods yet? No, however there are some very encouraging signs right now in the marketplace and I am going to highlight some details in one of Charlotte’s most successful golf course communities, NorthStone.
Over the past 12 months, the number of homes closed in NorthStone is up a remarkable 50% from 36 closings to 54 closings! That’s great news! The “Months Supply of Available Homes” is down 55% from a 17.7 month supply to a 8 month supply currently. That is also great news!
The “Average Sales Price” is down 2.7% to $294,429. The previous year saw the average sales price drop 10.3%, so we are trending in a much more positive direction here as well.
The “Percentage of Original List Price Received” is at 91.3%, which is down 0.5% from last years number of 91.7%. 2010 numbers were down 1.9% from 2009, so again, this statistic is also getting better.
What does this mean to you? If you are in the market to buy a home, there has never been a better time than now. The current average rate on a 30-year mortgage as of this writing is a ridiculously low 4.53% and only 3.70% for a 15-year mortgage.
When you combine the very attractive pricing of the homes along with historically low interest rates, this means you can now purchase more home than ever before.
At the end of the day, you deserve to love coming home to your home everyday. If you don’t love your home, contact a Realtor to help find your dream home. Now is the time.
“Good things come to those who wait, but only the things left behind by those who hustle”.
Cheers!
Ben Bowen
