2008 was a tough year!Â No doubt about it- for sellers that is!Â For buyers, it was a fantastic time to buy and it is getting even better in 2009.Â In Statesville NC, we have had our ups and our downs and I would like to share with some of the most recent local data for the Real Estate Market provided by a variety of sources.
1st, lets look at 3rd quarter data for Iredell County.Â Keep in mind that these figures include the Lake Norman Area.Â The following date was provided by the Carolina Multiple Listing Service, INC.Â TA recentÂ report shows our unemployment rate has increased from 5.4% to 6.8% in the 3rd quarter.Â The average Price of a home was $295,000 (up from the 2nd quarter and forecast to increase in the 4th quarter).Â The number of homes on the market and the number of homes sold decreased for the third quarter.Â The number of new homes built fell sharply and is forecast to fall even more in the 4th quarter.Â Average days on the market rose to 141 from 103 in the 2nd quarter.
The Statesville area average price of home is around $160,000 with average days on the market being 150 and the % of Asking Price averaging 95.1%.
For January, Iredell County (excluding Lake Norman area) had 52 closed home sales, with a median closed price of $132,000.Â The Lake Norman area had 29 closed sales with a median of $293,350.
The chart below shows the current active listing in Statesville:
Active - 550 Properties Found
Days On Market
1800 - 2200
5400 - 6400
This chartÂ shows Statesville NC January Sales or Sales Pending: Â
Iredell county has it all.Â Â The cities of Statesville and Mooresville have joinced forces to claim Top Micropolitan area in 2004, 2005, and 2006, as ranked by Site Selection Magazine.Â Â Iredell County is one of the few counties in the Carolinas with two connecting interstates.Â I-77 runs north and south whileÂ I-40 runs east and west.Â Additionally, I-85 is onlyÂ thirty minutes away.Â Recreation, fun and quality of life abound on Lake Norman, with a 532 mile shoreline.Â The county is a very pro-business community with a strong motorsports industry.
To Learn more about Statesville North Carolina click on the following links: