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!

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!