Number of Homes Sold Increase 13% in Guilford County

"Sales of existing, single-family homes in Guilford County increased 13.4% in December 2014 compared to the same month in 2013.  A total of 437 units sold in Guilford County in December 2014 compared to the 385 sold in December 2013.  The number sold was also higher by 1.8% compared to the level of sales recorded in November 2014, according to monthly figures prepared by Dr. Donald Jud of Jud & Associates for the Greensboro Regional REALTORS® Association.

The seasonally adjusted average home price in Guilford County in December 2014 was $186,323, a 1% increase over November 2014’s average of $184,539  Existing home prices in this cycle bottomed in February 2012 and have since risen 23.2%.  

In December 2014, the Time on Market (TOM) was 90.5 days, 3.4% less than it was in December 2013.  Over the past 12 months the TOM has fallen and the spread, which shows the ratio of selling to listing prices, has risen, indicating less discounting in the market.

Last month, the inventory/sales ratio, which indicates the number of months to clear the current inventory of homes on the market, was 5.6 months, 3.4% less than the previous month.

“While the decision to own a home is a personal one, for people with good jobs and strong credit, today’s low mortgage interest rates and continued affordability make now a good time to buy a home,” said Kevin Green, president of the Greensboro Regional REALTORS® Association. “Remember, all real estate is local, so it’s important to work with a Greensboro REALTOR® who is familiar with your desired community.”

The Greensboro Regional REALTORS® Association, Inc. is a non-profit organization whose mission is to support its members in their business pursuits by promoting the highest professional ethics and being the primary provider for quality services, education and real estate information in the market area."

- A Press Release

Price of Homes Sold Increase Almost 9% in Guilford County

Greensboro, NC – The seasonally adjusted average home price in Guilford County in October 2014 was $183,208, an 8.6% increase over October 2013’s average of $168,652 according to monthly figures prepared by Dr. Donald Jud of Jud & Associates for the Greensboro Regional REALTORS® Association.  Existing home prices in this cycle bottomed in January 2012 and have since risen 20.8%.  

In October 2014, the Time on Market (TOM) was 88.8 days, 4.4% less than it was in October 2013.  Over the past 12 months the TOM has declined and the spread, which shows the ratio of selling to listing prices, has risen, indicating less discounting in the market.

Sales of existing, single-family homes in Guilford County increased during last month compared to the previous month.  A total of 423 units sold in Guilford County in October 2014 and 414 sold in September 2014.  The number sold was higher by 2.1% compared to the level of sales recorded in September 2014, and was 4.1% above the number sold during October one year ago.

The inventory/sales ratio, which indicates the number of months to clear the current inventory of homes on the market, was 6.1 months, 3.2% less than the previous month.

“We have had ten months of price increases since January 2014 and seven months of quantity gains since April 2014 indicating a stable market,” said Marian Stafford, president of Greensboro Regional REALTORS® Association. “Interest rates are at record lows and more product is coming on the market since sellers are listing their homes as prices are rising. Whether buying or selling, work with a Greensboro REALTOR® who can help you navigate the process.”

The Greensboro Regional REALTORS® Association, Inc. is a non-profit organization whose mission is to support its members in their business pursuits by promoting the highest professional ethics and being the primary provider for quality services, education and real estate information in the market area."

- A Press Release

RE/MAX Realty Consultants Names Lolita Malave Director of Agent Development

   

LOLITA MALAVE

"Lolita Malave has joined RE/MAX Realty Consultants as the newest member of its dynamic management team. Malave brings to the company 15 years of experience in real estate. She is a graduate of the University of Florida.

    Malave will serve as the Director of Agent Development for the Triad area with an office in Winston Salem and Greensboro. “Helping the real estate community is my first priority," Malave said. “Providing the Triad area real estate brokers with the opportunities the RE/MAX brand has to offer, as well as its abundant resources, is a huge benefit for them. It’s a win-win for everyone.”

    As one of the most recognized names in real estate, RE/MAX has more than 90,000 Associates in over 90 countries. Malave believes another advantage offered by her new company is the focus on continued education. RE/MAX Realty Consultants continuously offers in house training. RE/MAX also offers on-demand real estate courses through an online platform that allows Associates to access hundreds of full-length training programs on their own time.

    Malave believes in giving back to her community and her profession. She has done so in various leadership roles. She is a member of Greensboro Regional Realtors Association, North Carolina Realtors Association, and National Association of Realtors. She has served on GRRA Board of Directors 2007 to 2013, GRRA president elect 2011, GRRA President 2012, GRRA Foundation Board of Directors and Publicity chair, GRRA Chairwoman- Social Committee, Realtor Political Action Committee, Vice Chair of GRRA Facility Committee 2014, GRRA New Member Orientation instructor, Member of GRRA Social, RPAC, Community Service and Governmental Affairs Committee. She has served in leadership on the state level as well with the North Carolina Association of Realtors as a Board of Director 2011- 2013, 2015, NCAR Convention Committee member, NCAR Diversity Committee member, NCAR Legislative Committee Chair 2014, vice Chair 2013, committee member 2012, 2015, NCAR RPAC Trustee 2014, 2015, Committee vice Chair 2015, NCAR Issues Mobilization chair 2014, committee member 2013.

     She is a member Southwest Guilford County Women’s Club, Certified facilitator for the Alzheimer’s Association, and a former director for Adams Farm HOA. She also carries the following designations: GRI, e-Pro, Certified Residential Military Specialist."

- A Press Release

Price of Homes Sold Increase 4.2% in Guilford County

"Greensboro, NC – The seasonally adjusted average home price in Guilford County in August 2014 was $174,601, a 4.2% increase over August 2013’s average of $167,575 according to monthly figures prepared by Dr. Donald Jud of Jud & Associates for the Greensboro Regional REALTORS® Association.  Existing home prices in this cycle bottomed in March 2012 and have since risen 15.4%.  

In August 2014, the Time on Market (TOM) was 91.8 days, 1.3% less than it was in August 2013.  Over the past 12 months the TOM has declined and the spread, which shows the ratio of selling to listing prices, has also risen, indicating less discounting in the market.

Sales of existing, single-family homes in Guilford County increased during last month compared to the previous month.  A total of 392 units sold in Guilford County in August 2014 and 386 sold in July 2014.  The number sold was higher by 1.5% compared to the level of sales recorded in July, but it was 8.2% below the number sold during August one year ago.

The inventory/sales ratio, which indicates the number of months to clear the current inventory of homes on the market, was 6.8 months, the same that is was in July 2014.

“The housing market in Guilford County continues to strengthen” said Marian Stafford, president of Greensboro Regional REALTORS® Association. “More houses are coming on the market. The improving inventory trend is helping to moderate home price growth, and interest rates remain historically low.  Whether buying or selling, work with a Greensboro REALTOR® to help you navigate the process.”

The Greensboro Regional REALTORS® Association, Inc. is a non-profit organization whose mission is to support its members in their business pursuits by promoting the highest professional ethics and being the primary provider for quality services, education and real estate information in the market area."

- A Press Release