Winston Pointe, Clayton NC (27520) Market Snapshot August 2018

Winston Pointe in Clayton is another interesting neighborhood in Johnston County. Like Creekside in Garner, new construction is the primary market influence in yours. However, unlike in Creekside, your neighborhood is more established with homes dating to 2005 vintage thus there has been quite a few resales in the past 12 months.  It’s not surprising to me due to the average age of the resale. People who bought at the top of the market in ’07 & ’08 are now able to sell and achieve some profit.

However, due to a significant amount of new construction in your subdivision, prices of resales are being suppressed. In fact, when filtering only for resales, the median year over year sale price for resales have decreased 4.5%. That’s the bad news.

The good news is that the year to date median sales price of resales has increased in Winston Pointe by .2% yet when we look at a rolling three-month average, which in my opinion gives a truer reflection of the current market environment, we see an increase of 6.3% or an $259,250! (Click here for the report) Further adding to the good news is that the media days on market is only 9 days. In other words, homes that are priced right for the condition are selling fast.

If you would like an instant estimate of value on your Winston Pointe home in Clayton NC, or anywhere in the Triangle click here . Alternatively,  you may send me a private message with your and I will be happy to give you a more detailed opinion of your homes market value.

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