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As evidenced by the charts below, the Greenville, North Carolina and Pitt County area single family real estate market is getting better. When comparing single family home sales year to date with last year to date, significant improvement is apparent. The number of closed sales are up 40% and sales volume is up a whopping 49% compared to this time last year. The prices of single family homes showed improvement as well, increasing by 7%.  For townhomes and condominiums the news is not as rosy. There were no major changes and that market remains somewhat flat. 

For home sellers, the signs shown by the numbers are encouraging. More homes are selling, quite often quicker and for more money.  For home buyers, prices are still a bargain and mortgage interest rates remain at historically low levels. The dream of home ownership can be a reality while being as affordable as ever. 

Please give us a call us if we can be of further assistance.

 


April 11, 2007


Dear Mr. Tingen,

     Let me take a moment to tell you of our “Pistol Tingen Team” experience.

     Jody Tingen was our agent; we looked at a house of interest on March 19th, put a contract on the property March 20th, and Jody guided and reassured us through a few of the “usual” negotiations over the next week.  Post the home inspections, which were put together by the very capable Rebecca Taylor, all repairs were done by the 6th of April!  We closed as scheduled without a single glitch on April 11th.  Did you count the days?  Just 24 days from first sight to closing!  It was all painless and easy!!

     Jody and Rebecca did an exemplary job, from start to finish. Any time we contacted either of them, they made us feel we were their only customers (I know we weren’t).  Their demeanor was always pleasant, reassuring, and professional.  Their responses were prompt, via phone or e-mail.

     This was not the only house we had looked at with Jody—along the way he continued to encourage us that we would find the house that would suit us.  Jody worked with us regarding schedules and phone calls outside of usual business hours (we currently live in Pamlico County).  We really appreciate the dedication Jody and Rebecca displayed.

     You can certainly be proud of your “Team”.  Thank you for a job well done and a pleasant experience overall.  We will recommend your services in the future.

Sincerely,

Susan Koepp and Dick Jacksland

 

FYI...Following Jody’s recommendations, we also had the pleasure of working with Wanda Hager of Dover Mortgage, Danny Harrington, Pestech, Jim’s Liquid Waste, and Jeffery Mathis.

P.S.  Thank you for taking care of setting up our new account with Eastern Pines Water Corporation, enclosed is a check for the $55.00.

Area Real Estate Statistics...is our market up or down?

by Pistol Tingen
That really depends on your perspective…let me explain what I mean. According to the Greenville-Pitt Association of Realtors MLS statistics, there were 1794 single family homes sold from January 01-November 30, 2006 compared with 1753 single family homes sold during the same timeframe in 2005. Simple math reveals an increase of 41 homes sold in 2006 over 2005. Pretty good you think, huh?
 
Well, that depends on whether you’re buying or selling. During the same timeframes, 2586 single family homes came on the market in 2006, compared to 1910 in 2005. That’s an increase of 676 homes on the market in 2006. If you like percentages, that’s a whopping 35% increase over 2005. Compare that with the .02% increase in sales over 2005. Not looking too good if you need to sell, is it? Look at it another way…if no new listings came on the market, and we know that won’t happen, there’s enough inventory currently on the market to last at the current sales rate, until sometime in March of 2008. The analytical term for that is absorption rate…it’s low and not good news for sellers.
 
So, is the real estate market in the Greenville, NC area up, or is it down? Well, I think if you’re a Seller, your perspective would be it’s not too good. There’s too much competition and possibly a longer time on the market. But, if you’ve been thinking of buying it’s certainly looking up. There’s lots of inventory to select from with more coming on the market every day. Prices are somewhat stable with slight declines in some areas. Now, I call that a home buyer’s dream and certainly a time to give serious thought to buying that dream home!
 
Happy Holidays to all,
Pistol

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BERKSHIRE HATHAWAY HomeServices Prime Properties,   Greenville, NC, 2625 Charles Blvd.

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