2021 Q1 Wilkinson ERA Real Estate Market Report: Winston Salem

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2 0 2 1 F r i ends , Cl i ent s , Col l ea gues , Onc ea ga i n, wea r ei nc r edi bl ygr a t ef ul t oha v eha dt hepr i v i l egeofwor k i ngwi t hy oudur i ngt he r s t qua r t erof2021. T hi ss pr i ng, a sournei ghbor hoodsbegi nt obl oom a ndgr eener yr epl a c est hewi nt er wor nbr a nc hes , we ha v egr ea tr ea s ont obeopt i mi s t i c . T her e‘ saf eel i ngi nt hea i rt ha twea r ebegi nni ngt oopenup. Bus i nes s esa r ewel c omi ngba c kpa t r ons , out doorv enuesa r ei nc r ea s i ngt hei ra udi enc ec a pa c i t i esa nd pl a nni ngt hey ea r ’ si nper s onev ent s , a ndwea r ei nc r edi bl yex c i t edt obegi nmeet i ngourc l i ent sa nd peer s , bot hi nper s ona ndi ngr ea t ernumber s —t ha ts a i d, wewi l l c ont i nuet oma i nt a i nt hehi ghes t s a f et ys t a nda r dsa nds howi ngpr ot oc ol st ha ti ns ur es a f et yf orbot houra gent sa ndt hei rc l i ent s . Aswec ont i nuet omov ea hea di nt ot hes ec ondqua r t er , wea r es ur r oundedbya l l t hes i gnsi nt he ma r k ett ha tt el l usi t ’ ss pr i ng—wea r ewa t c hi ngourma j orma r k et sex per i enc eac ont i nueddema ndf or newa ndex i s t i ngpr oper t i esf r om buy er s , whoa r edr i v enl a r gel ybyt hea ffor da bl emor t ga ger a t esa nd a nec onomi cc l i ma t et ha ti swel c omi ng. I tc omeswi t ht heunder s t a ndi ng, howev er , t ha tt heywi l l mos t c er t a i nl yf a c eunpr ec edent edc ompet i t i onf oras hr i nk i ngi nv ent or y . T hi sbodeswel l f ort hec ur r ent “ s el l er ‘ sma r k et ” , wher er ea l es t a t es a l ess t a t i s t i c sa r es queez edt obot ht hel owes t( Da y sonMa r k et ) a nd hi ghes t( L i s tPr i c et oS a l esPr i c e) endsoft hes pec t r um. Wha ta r eourr ea l es t a t epr edi c t i onsf ort hes ec ondqua r t erof2021?Wi t ht heMedi a nL i s tPr i c ei n Cha r l ot t ea t$308, 100, up16. 3%s i nc eQ12020, t her i s i ngmedi a npr i c ea ndl owhous i ngi nv ent or ywi l l mos tl i k el yc ont i nuei nt ot hes ec onda ndt hi r dqua r t er s . Weex pec tt os eec ont i nueddema ndf or homest hr oughoutourna t i ona l l y r a nk edma j orma r k et si nCha r l ot t e, Wi ns t onS a l em, a ndRa l ei gha nd t heT r i a ngl eAr ea , a swel l a s , ourAs hev i l l emount a i nsa r ea . Doy ouha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, orwha t i si nv ol v edi nput t i ngahomeupf ors a l e?L etourpr of es s i ona l RE AL T ORS ®her ea tWi l k i ns onE RAwa l k y out hr ought heent i r epr oc es s —a l l whi l ea dher i ngt oCDCgui del i nesa ndut i l i z i ngour l ea di ngedget ec hnol ogyt os howc a s ea v a i l a bl epr oper t i esi nt hes a f es twa ypos s i bl e. Wea r ea l wa y s a v a i l a bl et oa ns wera nyques t i onsy ouma yha v e! Wea r epl ea s edt os ha r eourk nowl edgewi t hy oua boutt woofourf a v or i t et opi c s r ea l es t a t ea nd r el oc a t i on—a ndwewi s hev er y onegoodhea l t hf ort hi ss ec ondqua r t era ndt her ema i nderof2021! J oa nT homa s , S CRP, GDS Pr es i dent , Rel oc a t i ona ndCor por a t eS er v i c es Wi l k i ns onE RARea l E s t a t e


WILKINSON ERA REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

WINSTON SALEM &

HIGH PQINTResidential WINSTON SALEM JAN THROUGH MAR

2021

2020

AVG Days on Market

29

41

-29.27%

Total Closed Homes

913 $200,000

767

19.04%

$169,900

17.72%

AVG Months Supply

0.9

1.9

-52.63%

AVG Price Per Sq Ft

$142.37

$103.38

37.72%

Total New Listings

1,074

1,229

-12.61%

List to Sales Price Ratio

100%

98%

2.04%

Median Sales Price

--------

%CHANGE

JANUARY - MARCH

HIGH POINT JAN THROUGH MAR

2021

2020

%CHANGE

AVG Days on Market

25

35

-28.57%

Total Closed Homes

391

312

21.43%

Median Sales Price

$182,500

$175,950

3.72%

AVG Months Supply

0.9

2.0

-55.00%

AVG Price Per Sq Ft

$91.86

13.12%

Total New Listings

$103.91 452

413

9.44%

List to Sales Price Ratio

99%

97%

2.06%

--------

JANUARY - MARCH 8


WILKINSON ERA REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

GREENSBORO Residential

GREENSBORO JAN THROUGH MAR

2021

2020

%CHANGE

AVG Days on Market

23

42

1099

-45.24%

944

16.42%

Median Sales Price

$195,995

$175,000

AVG Price Per Sq Ft

List to Sales Price Ratio

100%

Total Closed Homes AVG Months Supply

Total New Listings

----------

12.00%

$121.27

1.7

-52.94%

$108.88

1,144

1,249

-8.41%

0.8

JANUARY - MARCH

98%

11.38% 2.04%



OUR RELOCATION TEAM Joan Harpootlian Thomas, SCRP, GMS President, Reloca tion and Corporate Services 0: 704-815-9303 Joan.Thomas@WilkinsonERA.com

Allie Thomas, CRP, GOS Vice President, Relocation and Corporate Services 0: 704-815-9305 Allie.Thomas@WilkinsonERA.com

Tracy Hill Vice President, Business Development Charlotte and Raleigh-Durham 704-575-9545 Tracy.Hill@WilkinsonERA.com

Tricia Hodge Senior Relocation Counselor 0: 704-815-0462 Tricia.Hodge@WilkinsonERA.com

Malisha Singletary Relocation and Affinity Manager O: 704-815-9313 Malisha.Singletary@WilkinsonERA.com

Kristin Malone Broker-to-Broker Coordinator O: 704-815-0462 Kristin.Malone@WilkinsonERA.com

Main Relocation Line 704-815-0463



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