Clemmons & Lewisville Market Report – 1st QTR 2021

1st QTR 2021 Clemmons & Lewisville

Single-Family Homes

At the end of 1st QTR 2021 for Clemmons & Lewisville, there are 214 Single-Family Homes marked pending.  The available inventory for Single-Family Homes is 77 listings.

The Average Sales Price is $320,282 for a Single-Family Home.  This is an increase of +5.9% from the 1st QTR in 2020 when the Average Sales Price was $302,404.  .

In the 1st QTR 2021, the Median Sales Price is $312,200 for a Single-Family Home.  This is an increase of +8.8%  from the 1st QTR 2020 when the Median Sales Price was $287,000.  .

Analysis of the absorption rate for the Clemmons & Lewisville Market indicates an inventory of 1 month for Single-Family Homes.

1st QTR 2021 Clemmons & Lewisville Market

1st QTR 2021 Clemmons & Lewisville Market

In the 1st QTR 2021 for the Clemmons & Lewisville, a total of 186 Single-Family homes closed in the Clemmons and the Lewisville areas. This is an increase of +2.8% from the 1st QTR in 2020 when 181 listings closed.

Of the closed properties in the 1st QTR 2021, 66% of the listings were under contract in the first 30 days on the market.

The most active price ranges were homes in the $300,00 to $399,999 range and in the $200,000 to $299,999 range.  Combined both price ranges made up 83% of the closed properties in the 1st QTR 2021.

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Townhome Listings

At the end of the 1st QTR 2021, 19 Townhome Listings were marked pending in the Clemmons & Lewisville Market.  There are 4 townhome listings available for sale.

The Average Sales Price is $191,972 for a Townhome.  This is an increase of +24% from the 1st QTR 2020 when the Average Sales Price was $154,864.

The Median Sales Price is $180,000 for a Townhome in the 1st QTR 2021.  This is an increase of +43.4% from the 1st QTR 2020 when it was $125,500 for a townhome property.

During the 1st QTR 2021, 17 Townhome listings closed which is an increase of +21.4% from the 1st QTR 2020 when 14 Townhome properties closed.

Analysis of the absorption rate for the Clemmons & Lewisville Market indicate 0.6 month inventory for Townhome properties.

Clemmons & Lewisville Market

Clemmons & Lewisville Market

The Landing in Rocklyn is located in a section of Rocklyn in Clemmons, NC within Forsyth County.  Construction in this new section began in 2019 and continues in 2020.

Homes are two stories featuring 2, 3, or 4 bedroom models with 3 full bathrooms.  The typical lot size is .20 acre.

Total living space ranges from 1,600 Sq. ft. up to 2,800 sq. ft.  Homes feature attached garage space for two cars.  Residents can enjoy the community pool.

Schools serving the community are Ward Elementary, Clemmons Middle School, and West Forsyth High School.

There is a Homeowner’s Association. The HOA dues are $115 a month and a second fee of $650 paid annually.

Residents living in The Landing in Rocklyn have an easy commute from Clemmons into the Triad cities of Winston-Salem, High Point, and Greensboro for employment opportunities, shopping, and entertainment.

New Listings decreased by -19.8% in the 1^st QTR 2021 in the Clemmons & Lewisville Real Estate Market from the previous year.  Pending Sales were down -6.1%.  Closed Sales showed a slight increase of +2.8% from the 1^st QTR in 2020.  Prices are still rising because of the inventory shortage.

The Median Sales Price for Single-Family Home was $ 312,200, which is an increase of +8.8% from the 1^st QTR in 2020.  The Average Sales Price was $320,282 at the end of the 1^st QTR 2021.  This was an increase of +5.9% from the 1^st QTR in 2020.

Sellers are receiving 99.5% of their list price.  Inventory levels for single-family homes decreased by 56.5% and townhomes by 71.4%.  At the end of March 2021, 77 single-family homes and 4 townhomes were available for sale.  Homebuyers in 2021 will continue to be challenged by the low inventory levels.