Bank Owned (REO) Market Share Analysis
May 1, 2011 By Leave a Comment
Let’s take a look at bank owned market share. The sales data analyzed is from the Multiple Listing Service of Catawba Valley (MLSCV), and was current for the year to date on April 29th, 2011. Projections are based on pending homes sales.
Alexander County
In Alexander County there have been $6,302,425 spent on homes sold through the MLSCV. 21.77% of the dollars were spent purchasing bank owned homes. This is the lowest percentage in the area. The data suggests the banks will gain market share in Alexander County in the second quarter of 2011.
Market share year to date: 21.77%. Projected market share in the second quarter of 2011: 31%.
Catawba County
In Catawba County there have been $35,199,005 spent on homes sold through the MLSCV. 23.79% of the dollars were spent purchasing bank owned homes. This is the second lowest percentage in the area. The data suggests banks will lose market share in Catawba County in the second quarter of 2011.
Market share year to date: 23.79%. Projected market share in the second quarter of 2011: 14%.
Caldwell County
In Caldwell County there have been $13,841,910 spent on homes sold through the MLSCV. 32.81% of the dollars were spent purchasing bank owned homes. This is the second highest percentage in the area. The data suggests banks will gain market share in Caldwell County in the second quarter of 2011.
Market share year to date: 32.81%. Projected market share in the second quarter of 2011: 49%.
Burke County
In Burke County there have been $4,687,225 spent on homes sold through the MLSCV. 41.63% of the dollars were spent purchasing bank owned homes. This is the highest percentage in the area. The data suggests banks will gain market share in Burke County in the second quarter of 2011.
Market share year to date: 41.63% Projected market share in the second quarter of 2011: 48%
The opinions expressed here are strictly those of the author, and do not represent the opinions of the Multiple Listing Service of Catawba Valley, Inc..
Which County Is Hickory North Carolina Located In?
April 14, 2011 By Leave a Comment
Hickory is predominantly located in Catawba County, but includes addresses in southern Caldwell County, southern Alexander County, and eastern Burke County. The City of Hickory’s municipal offices are located in Catawba County at 76 North Center Street Hickory, NC 28601.
Greater Hickory Metro Residential Real Estate Trends March 2011
March 31, 2011 By Leave a Comment
Once again Caldwell County led the way with just over 12% of all available inventory under contract. Most notable is that all counties posted gains over last month, signaling the arrival of the home selling season. Hildebran, Sherrills Ford, Hudson, Hickory, and Granite Falls comprise the top top 5 sub-markets this month. Banks (REO) continue to far outpace all other owners.
To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”). The scope of the analysis is the Greater Hickory Metro and its largest sub-markets. Sub-markets are based on zip code. Hickory’s zip codes 28601 and 28602 are filtered by county. The counties and sub-markets are ranked according to their percentage of pending homes sales.
This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-03-27-2011.
We invite you to subscribe to our blog for updates on real estate trends and other news of local interest. Better yet, lend your own perspective by leaving your comments below. Thank you for participating!
Greater Hickory Metro Residential Real Estate Trends February 2011
February 24, 2011 By Leave a Comment
Buoyed by the momentum of neighborhoods in Hickory, Lenoir, and Hudson, Caldwell County once again ranks as the best overall residential real estate market in the region. Alexander County made the biggest gain. Catawba County gave up one spot. Burke County slipped to last place at it appears there’s no momentum on the Western front.
To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”). The scope of the analysis is the Greater Hickory Metro and its largest sub-markets. Sub-markets are based on zip code. Hickory’s zip codes 28601 and 28602 are filtered by county. The counties and sub-markets are ranked according to their percentage of pending homes sales.
This month’s report contains a new dimension of analysis. ….bank owned properties (REO) versus non-institutional ownership. Due to time constraints I was only able to compare this at the regional market level. This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-02-24-2011 .
We invite you to subscribe to our blog for updates on real estate trends and other news of local interest. Better yet, lend your own perspective by leaving your comments below. Thank you for participating!
Western Foothills Regional Parcel Site
February 22, 2011 By Leave a Comment
ROK Technologies, Inc. in conjunction with several counties in the Western Region of North Carolina has created a regional county map site that assists county personnel to work through data questions related to their neighboring counties. In addition, the fast and easy to use interface allows access to most questions and searches performed by real estate agents and the public without having to visit multiple websites. The counties involved are Alexander, Burke, Caldwell, Catawba, Iredell, Lincoln and Wilkes.
Click this link to visit the Western Foothills Regional Parcel Site.
Greater Hickory Metro Residential Real Estate Trends January 2011
January 27, 2011 By Leave a Comment
The North shore of Lake Hickory and the neighborhoods adjoining it have the unusual distinction of ranking as both the best and worst sub-markets in the region. How can this be? We don’t have all the answers but we do have analysis that supports this anomaly. The Grace Chapel area of Southern Caldwell County is currently outperforming all other sub-markets in the region. Its performance is so strong it parlayed Caldwell County to the top of the county rankings. Just a little further East, in the Bethlehem area, the market barely has a pulse.
Our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”). The scope of the analysis is the Greater Hickory Metro and its largest sub-markets. Sub-markets are based on zip code. Hickory’s zip codes 28601 and 28602 are filtered by county. The counties and sub-markets are ranked according to their percentage of pending homes sales
All markets are dynamic and the rankings are subject to change. Therefore we will update our rankings periodically. This month’s analysis and ranking is available for download (PDF) by clicking this link: Pending-Home-Sales-01-27-2011.
We invite you to subscribe to our blog for updates on real estate trends and other news of local interest. Better yet, lend your own perspective by leaving your comments below. Thank you for participating!
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