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.
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