Prime Properties Group, LLCPrime Properties Group, LLC

    Hickory North Carolina Realtors®

    Christie Oakley
    Agent On Duty
    Christie Oakley
    828.781.7000
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    Market Insider June 2012

    May’s home sales figures indicate a trend of slow and steady growth in the Hickory and Catawba County residential real estate market.  Although it is clearly still a buyer’s market, overall, values are improving.  This is welcome news to many homeowners who have been waiting to refinance.  Banks are covered up with loan applications and appraisers are booked.  This means it might take a little longer than usual to retire a higher rate mortgage loan.  Our preferred mortgage partner is pleased to report that despite heavy volume, Envoy’s closing and funding departments will continue working overtime to keep their turn around times the fastest and most reliable in the industry.

    With gas prices declining I anticipate buyers will be out and about doing more “drive bys” and attending more open house events than they did last summer.  If you are contemplating buying, selling, or both, make sure you contact me. Now is an excellent time to get started!

    Hickory NC Single Family Stick-Built Home Sales
    Data for: 2012 2011 2010
    Number of homes sold:  223  184  217
    Average price:  $166,096  $158,423  $176,569
    Median price:  $140,00  $126,150  $137,750
    Total sales volume:  $37,039,441  $29,149,961  $38,315,504
    Average # of days on market:  171  179  161
    Average % of original list price paid:  92.62  92.64  93.53

     

    Catawba County Single Family Stick-Built Home Sales
    Data for: 2012 2011 2010
    Number of homes sold: 366 304 334
    Average price: $148,342 $146,067 $156,506
    Median price: $125,875 $120,500 $123,450
    Total sales volume: $54,293,532 $44,404,433 $52,273,204
    Average # of days on market: 172 183 157
    Average % of original list price paid: 93.07  92.92  94.01

     

    About The Data

    The data is from the Multiple Listing Service of Catawba Valley and reflects total sales reported January – May of each year.  It is deemed reliable, but not guaranteed.

    Posted in: Market Analysis, Real Estate

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