Kim Gandy's Real Estate Blog | Kannapolis, NC | Appraisal, Builders, Community, Homes For Sale, MLS, Foreclosures
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Concord, NC
May Existing-Home Sales Continue to Rise
Sales of existing homes showed another gain in May while posting the first back-to-back monthly gain since September 2005, thanks to favorable affordability conditions and a first-time buyer tax credit. The National Association of Realtors® released a report on the rise in homes sales that is quite interesting!
May Housing Construction Jumps by 17.2%!
Construction of new homes jumped in May by the largest amount in three months, an encouraging sign that the nation’s deep housing recession is beginning to bottom out.
Kannapolis has a single A baseball team, The Intimidators, named for our favorite hometown NASCAR hero’s nickname, Dale Earnhardt Sr. The Intimidators are affiliated with the Chicago White Sox minor league chain. They play in the Fieldcrest Cannon Stadium built in 1995 and conveniently located off Interstate 85 at exit 63 which is Lane Street. For more information about The Kannapolis Intimidators, please visit: kannapolis.intimidators.milb.com/index.jsp?sid=t487
Average sales price is up in Kannapolis. Below are statistics from May 1, 2009, to May 31, 2009 for single-family homes currently on the market, homes under contract, and homes that have sold during this period. The chart below is from the Charlotte Multiple Listing Service:
Avg. Sales Price: $150,742
Avg. Days on Market: 71
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