The median sales price for homes in Greensboro, NC between March and June of 2014 was about $147,000. This reflects an incline of approximately 11.3% or $15,000 in comparison to the previous quarter. The appreciation of sales prices reached the 5% margin within the past 5 years for Greensboro, NC. Markets listed the average price for homes in Greensboro at $231,700 during mid-June, which reflects an incline of almost 3% compared to the week before and an incline of .8% when compared to the month prior. As with any city, the popular neighborhoods are typically the ones that are most often pursued by buyers. The major players of Salt Lake City, Utah are Fairview Homes, Brandt Trace Farms, North Oaks, Maple Ridge, and Phillips Ave.
The Consistent Trend
The average sales price during the months of July to October 2014 was approximately $153,000 in Greensboro, NC. This shows an incline of better than 3.5% compared to the previous quarter and a slight decline of .6% compared to the year before. There has been an appreciation of more than 5% over the past 5 years, and the average listing price at the end of the opening week of October was reported at $175.850 plus. This is a decrease reflective of better than 2% compared to the week prior and an increase of 5% compared to the month prior. The per sq. ft. price experienced a slight decrease of approximately 4% compared to the same time a year before, and it’s currently averaging $89. Areas that attract buyers in this city include Old Irving Park, Green Valley, New Irving Park, and Fisher Park.
The Salt Lake City Market
August 2014 reflected approximately 9,123 condos and single-family homes in the Salt Lake City, Utah area. The mid-point asking price for most of the homes was almost $299,000. In approximately one year, the home sales inventory has grown by nearly 10% and the midpoint price reflected an incline of almost 9%. The inventory of homes for sale in Salt Lake City is generally at its highest volume during the spring and summer months, with the lowest peaks being between fall and winter. The housing market in Salt Lake City, UT has gone through the highs and lows of the market, but at this time, it’s consistently stable. The growth is contingent upon a stabilized economy that fuels the motivation for buyers to remain active in the housing market.