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It's
no surprise that like everywhere else in the country, sales in Fearrington
and in the Chapel Hill/Pittsboro area are down from previous years.
Fearrington has been hit especially hard because so many home buyers
moving to Fearrington come from other parts of the country where
the housing market is even more challenging, making it hard for
them to sell their own homes.
In
2010, we have a six to eight-month supply of homes on the market
in Fearrington, making this more of a buyer's market than in previous
years. Home buyers are extremely particular, and it is more important
than ever that a home show well in order to attract the eye of today's
buyer. At Lynn Hayes Properties, we stage every listing so that
it shows to its best advantage, and yours.
While
buyers of homes in Fearrington have historically been retired or
empty nesters, over the past few years big improvements in the Chatham
County school system have changed the market profile of home buyers
for Fearrington. Woods Charter School, located just a few minutes
away in nearby Briar Chapel, has a 91.3% graduation rate and ranked
in the top ten on SAT scores in North Carolina. The brand new Margaret
Pollard middle school will open this winter, also in the Briar Chapel
location. And Northwood High School, serving the Fearrington area,
was recently named a School of Distinction for 2010 and made Newsweek's
list of the top high schools in America.
Better
schools mean a bigger market for homes in Fearrington, which will
help to facilitate sales when the market turns around and home buyers
venture out again to find their new home.
If
you have any questions about this information or would like to know
more about the value of your own home, please call us or send an
email to Lynn or to Alexis.
To learn more about our High Impact Marketing System, visit us on
the web at www.lynnhayes.com.
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