The Buice Road Connection….
If you drive around our area you might get the impression
that the real estate market has really softened up lately. If you keep seeing some of the same houses still
for sale, or the for sale signs just going away, and you can definitely get the
impression that nothing is happening.
Well that’s not exactly true. After the mad dash of summer there has
been a little seasonal slowing of the pace heading into the fourth quarter. But there were still 8 closings in September
and there are 5 deals pending right now, so there is still some action out
there.
Something that affects our sales here in the Buice Road
corridor that many don’t realize is the competition from new construction
homes. I am not necessarily referring to
the $800,000 homes being built, and sold by the way, right here on Buice. I am referring the new homes being built in
South Forsyth County. That’s where those
home buyers with a $400 – $600,000 budget are going to compare homes with ours.
We have great schools here, but so does
South Forsyth. If your home is not
keeping up with the competition from new homes you are really going to be up
against it trying to get full value for your home when the time comes to sell. Call me anytime and I’ll come by and give you
the rundown on what the new homes have to offer and what economical steps you
can take to insure that your home will be competitive when the time comes to sell.
Buice
Road Stats
2014 through Sept 30
2015 through Sept 30
Sales – 49 Sales
– 44
Low price - $318,000 Low price -
$392,500
High Price - $2,750,000 High
Price - $1,850,000
Other key points of interest:
In
2014 there were several sales in the $300’s; in 2015 there has been one.
There are currently 23 active listings
in the corridor, that is about a 6 month supply of houses which is a balanced
inventory and reflective of a healthy housing market.
Doublegate has had 12 homes sales this
year, after selling 22 through September in 2014
Oxford Mill has had 10 home sales this
year, after selling 7 through September 2014
Remember
that now is the time to
consider what steps to take to prepare your home to give you the maximum return
on your investment. Call me anytime, I
can help…
