Greensboro Property Market and Real Estate Guide

(Greensboro, North Carolina - NC, USA)

Greensboro is a genteel southern community with a charming mix of historic neighborhoods and modern infrastructure. This is also a booming university town, and residents enjoy a dynamic cultural atmosphere.

Greensboro is becoming an increasingly popular place to buy property, especially in the hip downtown district, where an ever-widening base of young professionals live and work. Other popular places to buy or rent include the recently redeveloped Southside, College Hill and the exclusive Irving Park.

Property is affordable in Greensboro. Home prices have remained relatively static over the past decade and the effect of the worldwide recession was minimal. While Greensboro property does not offer immediate dramatic returns, the likelihood of prices holding or increasing over time is high.

Renting Serviced Apartments

Serviced apartments are available in the downtown district, but there are relatively few of these and they go at premium rates. Less exclusive 'extended-stay' hotels are found along Interstate 40, to the west of the city center.

Most serviced apartments are designed with the corporate traveler in mind. They offer extensive business facilities, and rooms are equipped with major appliances and a kitchen. Their rates rival those of hotels, though longer stays afford greater discounts. In either event, serviced apartments are usually more spacious than comparably priced hotels.

Buying Apartments and Houses

The average listing price for a one-bedroom home in Greater Greensboro runs into six figures, but prices drop dramatically in working-class commuter neighborhoods or in parts of the city center that need to be redeveloped. Grandover and Old Irving Park have the best selection of upmarket properties.

Closing costs across the US are low by world standards, especially for the home buyer. This holds in North Carolina, where buyer's closing costs are slightly lower than the national average. Expect to pay between one and two percent of the sale price in miscellaneous fees, inspections and title work.

Real Estate Agents

Securing the services of a real estate agency who understands your lifestyle needs is central to finding the ideal home or apartment in Greensboro. Many expect the local development projects to continue around the city center, and a savvy agent can recommend the best neighborhoods for potential investment return.

Check out the following Greensboro realtors and real estate agents:

First Greensboro
Address: 843 West Market Street, Greensboro, North Carolina NC, 27401, USA
Tel: +1 336 273 5545
This family-owned real estate company maintains a portfolio of residential properties across the state of North Carolina, with an emphasis on Greensboro.

Pametto Equity Group
Address: 209 East Bessemer Avenue, Greensboro, North Carolina NC, 27401, USA
Tel: +1 336 271 3020
Palmetto Equity Group is another agency that specializes in residential rather than commercial real estate in the Greater Metropolitan area of Greensboro.

Arco Realty
Address: 625 South Elm Street, Greensboro, North Carolina NC, 27406, USA
Tel: +1 336 274 8227
Arco Realty has an extensive portfolio of rental properties in the downtown district, along with freestanding homes for sale.