State of the Market in Fayetteville, NC

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Real Estate Agent with Keller Williams Realty-Fayetteville
Fayetteville, NC State of the Real Estate Market

Here in Fayetteville, NC I am asked by buyers and sellers alike..."how is the real estate market"?  After I determine why they are asking I go on to tell them our area has not been hit like other areas.  We are still doing plenty of real estate here locally.  We are fortunate to have Ft. Bragg and Pope Air Base which helps with the constant movement of homes in our area.  Thanks to yesterdays State of the Real Estate Market summit, I now have facts to back this up!
sold
In the last 10 years our average appreciation rate is up over all 5.5%.  In 2001 only 3752 homes closed compared to 2010 5731 closed.  In the year 2001 the average sales price was $106,582 and 2010 the average sales price was $162.329.  In my book, that isn't too shabby. If you break this down to existing homes sales and new construction we do see some differences.  Existing homes closed in 2001 2685 and in 2010 was 3575 and average sales price for 2001 $98,368 and 2010 was $136.985.  New construction saw a huge jump  2001 1067 homes sold and 2010 2156, and average sales price in 2001 was $127.251 and in 2010 was $204.353.  These are just a few figures that the Fayetteville Regional Association of Realtors put together for us Realtors...Thanks guys for giving me this kind of information for my clients! 
Posted by

Shawna Green, Realtor

Call or Text me (910) 309-4618

Shawna@LibertyHomeTeam.com

www.LibertyHomeTeam.com

 

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Ambassador
337,120
Melissa McKinney
McKinney Realty Group - Fayetteville, NC
Realtor, www.LivingFayetteville.com

Shawna~ Great stats and good information for the public! But me I am waiting on that MEME post....

Jan 19, 2011 01:10 PM #1
Rainmaker
217,258
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

Shawna, good information to share with the public.  When they read the truth it helps the Real Estate market become local instead of the national negativity.

Jan 19, 2011 03:46 PM #2
Rainmaker
78,184
Shawna Green
Keller Williams Realty-Fayetteville - Fayetteville, NC
The key to your real estate needs!

Melissa, yes I gotta work on the MEME post...

 

Elizabeth, Yes I thought it was great information to share.

Jan 20, 2011 05:25 AM #3
Rainmaker
601,332
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Shawna - That's great news for your market. I wish I could say the same thing for my market here.  We're still considered a declining market.  It could be awhile before we start seeing some gains.

Jan 22, 2011 03:41 PM #4
Rainmaker
78,184
Shawna Green
Keller Williams Realty-Fayetteville - Fayetteville, NC
The key to your real estate needs!

Donne, it is good news and I am very grateful, especially when I hear there are markets like yours.  I hope it will not be too long before you start seeing an upward movement!

Jan 23, 2011 05:56 AM #5
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Rainmaker
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Shawna Green

The key to your real estate needs!
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