Raleigh-Durham home sales hit big numbers as market stays hot through pandemic - Triangle Business Journal
Despite a raging pandemic and widespread unemployment, residential sales activity stayed hot in the Triangle during the last few months with supply plummeting amid rising demand and sales of new homes reaching numbers not seen since before the Great Recession.
Across the market, July sales jumped 5 percent year-over-year, with pending sales up 19 percent and prices up 5 percent, according to a recent MLS analysis by market appraiser Stacey Anfindsen. Click Here to read entire article from The Triangle Business Journal.
Stats that Speak for Themselves
Even in the midst of the coronavirus pandemic and the resulting recession, the Carl Johnson Real Estate has been working incredibly hard to ensure their clients are happy through the entire home selling process. Carl is listing more properties than ever before. Since the start of 2020, Carl has been helping buyers and sellers and the stats speak for themselves.
By pricing homes in a position of strength and providing staging & repair/update services that make your home stand out from the competition, Carl has received multiple offers and over asking price for all but one of his listings. In addition, Carl has averaged $13,000 over asking price in 2020 with the highest being $31,000 over asking price.
With the help of Carl’s marketing team, a custom multi-platform marketing strategy is implemented that sells your home quickly for the highest amount and shortest period of time possible. 2020 Homes have been sold at an average of 4.5 days, all with multiple offers, with half of the homes selling in 4 days. This is incredibly quick, for the national average is 48 days and the NC average is 57 days.
Carl’s commitment to communication with buyer agents and his clients assist Carl with soaring above the competition by providing a high level of service. As Carl always says, “a commitment to clear and timely communication is the key to success.”
What makes Carl unique? He goes above and beyond and will stop at nothing to get the job done.
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Contact Carl for a seamless and efficient Real Estate transaction CLICK HERE
Contactless Payment 101
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A RoadMap for Cashless Spending
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July Market Update
In Chatham County, there was an increase of 32% in the number of new listings in June compared to last year, which increased from 150 to 198. The number of closed sales increased from 123 to 141 or a 14.6% increase. Median sales prices also increased by 16.1%. In July 2020, Chatham County median sales price exceeded the median sales price for all MLS listings.
In Durham County, new listings decreased by 1.6% and closed sales have increased by 0.5% this month. Median sales price has increased 7.1% from this time last year, moving from $272,500 to $291,905. Average sales price increased by 5% year to date. In 2020, the Durham County median sales price have been higher than the median sales price of all MLS listings.
Unlike Durham County, the number of listings in Orange County has increased by 3.2%, from 187 new listings this time last year to 193 new listings this July. There was a 2.1% increase in closed sales. Additionally, median sales price decreased by 5.7%, from $342,650 to $323,000. In 2020, Orange County median sales price has been below the median sales price for all MLS listings.
In Wake County, there was an increase of 9.3% in the number of new listings in June compared to last year, which increased from 2,194 to 2,399. The number of closed sales increased from 2,118 to 2,364 or a 11.6% increase. Median sales prices also increased by 6.3%. Compared to the median sales price for all MLS listings, Wake County median sales price were higher in July.