Fourth and Main wrote:
The New York Times showed what you can get for $300,000 in three different states, including a house in Winston-Salem.
https://www.nytimes.com/2021/04/07/real ... olina.htmlThis is their description of Winston-Salem:
New York Times wrote:
less than five miles west of downtown Winston-Salem, with its 330-acre Innovation Quarter devoted to research in science and technology, and Old Salem Museums & Gardens, a complex of historic sites celebrating the racial and cultural diversity of the American South. Two local hospitals attract health professionals to the neighborhood. Wake Forest University is four miles north.
With the highest home price increases in the state (CoreLogic) and appearances in multiple publications as an awesome city, I think Winston-Salem is becoming known as a place to move to. I'm guessing it's on its way to becoming a trendy city. It can take a decade or two before a city sees the rapid growth that follows. It's great to see the city described as Innovation Quarter, a city for health professionals, and Old Salem. I also see the positive impact of Frank, on Old Salem, appearing in the article. Though it may seem short and the photograph for Winston-Salem isn't showing for me, this should be good attracting more people to Winston-Salem and maybe placing this city on the radar of businesses.
Interesting. It looks like that is a reoccurring article that the NYT publishes ("What 300K Buys You in Different States"). Although that house is nice, they could have found one closer to $300,000 - I'm not sure why they picked one that was $250K.
Our local housing market remains strong. The WSJ reported yesterday that the W-S metro had the highest year-over-year percentage gains in housing prices, beating out Charlotte, GSO, Raleigh and Durham. Our prices still have a ways to go to reach Charlotte and Raleigh, so we still may be considered undervalued. I wondered if supply might finally outstrip demand in March during "Match Day" which is a huge time for real estate in the area. Tons of houses in and around WFBMC went up for sale - at a this point, just about every one of them is under contract and some have already sold for over asking. Demand remains very strong and the housing supply (especially around that $300K price point) remains extremely tight.