2006 Existing Home Sales

MyGoldsboroAgent.com and MyTriangleAgent.com worked very hard last year marketing client's homes last year to make them sell. I can definitely tell you that the market was "soft" in 2006. The NC REALTOR statistics have been released and they show a 2% drop in housing sales in 2006 from 2005. The Triangle fared a little better with a 5% increase....their statistic included new construction sales, however. These statistics seem very accurate according to our experience.

Although the market was "soft", Goldsboro/Wayne County saw it's typical 5%, historically solid, price increases which is very good for a smaller market (in comparison to the Triangle). The Triangle also showed a 5% increase but this is considered very low in comparison to recent gains.

Be thankful if you are not selling a home in coastal region. The number of home sales for 2006 dropped as much as 47%. If you do, your home may still be sitting with a sign in the yard right now. I do feel it will turn around, as almost all areas showed price increases, that I believe, show it is still a healthy market.

Link to Full Statistics

Everyone's Moving to NC!

There's no better place to call home than NC and I agree. United Van Lines statistics also confirm it. This article from WRAL.com goes into detail.

North Carolina had the highest inbound migration with 64 percent of moves going into the state. Oregon was second with 62.5 percent, followed by South Carolina (60.6), Nevada (59.9) and Idaho (59.3).

Link to Full Article Here

Raleigh Condos $240-$300 per Sqft

Check out this article on WRAL concerning downtown condominiums. Although prices seem to be high, they are still comparable to Atlanta and Pittsburgh. I personally believe the continuing growth of downtown area attractions such as upper-scale shopping and dining, make these homes a great investment-even at $300 per square foot based on nationwide statistics.

The average price of a condo downtown is about $240 per square foot, while a new unit with all the upgrades is about $300 per square foot.“If you live locally and look at condo prices downtown, it blows your hat off,” Andersen said. “You’re totally, ‘Oh my gosh.’ But if you are coming here from Seattle, L.A. or Chicago or any of the metropolitan areas, we are inexpensive, comparatively speaking.”

Link to Full Article