Market Report - Johnston County NC
Johnston County New Home Listings Cut in Half
Choices Getting Slimmer for New Home Buyers in Fall 2009
Looking for a new home in the Clayton NC area? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Johnston County NC was down 51% in third quarter 2009 versus third quarter 2008.
New Home Listings by Price Point in Johnston County NC
There were fewer new home listings in Johnston County NC in every price point.
There were 44 single family homes were listed in the Clayton NC/Johnston County area under $150K, making Johnston County NC one of the most affordable areas in the Triangle.
The $300-399K price range had the most significant reduction of Johnston County NC new home choices - from 120 homes in 2008 to only 36 homes in third quarter 2009, a new home inventory reduction of 70%.
Clayton NC area new homes in the $200-299K range saw a 50% reduction in inventory levels, from 271 to 136 new homes.
And new home listings in the under $150K price range saw a 63% reduction, from 120 homes to just 44 homes.
Overall New Home Listings in Johnston County NC Third Quarter
In third quarter 2008, there were 840 new homes listed in Johnston County NC.
In third quarter 2009, there were only 411 new homes listed in Johnston County NC.
Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications).
What Price Points are getting the most showings in Johnston County?
If you're looking to purchase in these price points, you'll have more competition for your new home.
Under $150K new homes in Johnston County saw 75% more than the average number of showings versus listings in September 2009.
$400-499K new homes in Johnston County saw 80% more than the average number of showings versus listings in September 2009. Is there new interest in this price point?
Compare With Other Areas of the Triangle
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Article copyright Stanton Homes 2010. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
Penny,
It seems the new homes listed for sale in Wake County has also declined - not sure of statistics; just seems that way.(something I should check out today). I agree that builders are much less likely to build spec homes whether it's Johnston County NC or Wake County or Durham County but the ability to build for a specific buyer probably has everyone happy at completion because of more customized features!
Nellie - this is a continuing series! New home inventory is down across the Triangle, in most areas significantly down.
Durham County - New home listings are down 19%.
Wake County - New home listings are down 36%.
And YES! We have broken several records lately for new clients, phone calls, and inquiries for custom homes in the $200s-500s.