Clayton ZIP Code 27527 January 2013 Homes Sold Market Update
As the new year begins here in Clayton, NC it is going to be interesting to see how the new year will shape up after a much improved Real Estate Market in 2012. Sales in 2012 were up month after month from the previous year and it looks like the market may be finally turning around…we shall see!
Clayton, NC has basically two ZIP Codes 27527 and 27520, this market report covers the ZIP Code 27527 which encompasses the area east of Hwy 70 outside the Town of Clayton, along the Neuse River out to Lake Wendell Rd, Archer Lodge past Flowers Plantation, Riverwood,down to Wilsons Mills.
In January of 2013 there were 35 homes sold according to the Triangle MLS, the homes ranged in price from $62,000 to $338,000 with an average sale price of $200,621. The neighborhood with the most sales was Riverwood Athletic Club which recorded 8 sales, followed by Flowers Plantation and Tuscany both had 5 sales and Glen Laurel which had 3 home sales.
New home construction accounted for 15 sales and the price per square foot ranged from an incredible low of $67 to a high of $106 with the average being $86. The subdivisions with new home sales were Flowers Plantation, Riverwood Athletic, Tuscany and Sierra Heights.
Foreclosures accounted for 10 sales and actually had the top spot and the bottom spot in sale price with a low of $62,000 for a small ranch in need of some fixing up to a 5 bedroom, 5 bath, finished basement home on the golf course which sold for $338,000. There are some great deals on foreclosures out there if you are patient and you must have all your financing prepared as they can be snapped up quickly. I was just recently involved with two foreclosures that within two days of them going on the market there were multiple offers on them.
For the same period in 2012 there were 15 sales in the ZIP Code 27527, so 2013 looks like it is off to a good start. I will be keeping you updated on home sales in this ZIP Code and other neighborhoods in Clayton.
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