WINERY + VINEYARDS
Welcome to Rayson Winery and Vineyards, formerly RayLen Vineyards, where passion meets heritage. Tucked away on a property adorned with 23-year-old vines, this family-owned and veteran-operated gem is a testament to dedication and love.
Named after their sons, Joey and Logan Ray, Rayson Winery crafts wines that reflect the soul of the land and the essence of each grape variety. Winemaking here is not just a skill; it's a tradition, an ode to innovation, and a celebration of artistry.
Beyond the vineyard, Rayson Winery offers unforgettable experiences in food, wine, and hospitality. Each sip tells a story, weaving together history and the vibrant terroir.
Join them on this remarkable voyage. With every glass, you're tasting their dedication, passion, and proud legacy.
Rayson Winery and Vineyards is now offering guided wine tastings, wines by the glass and by the bottle and food from their temporary kitchen until the Bistro Europa Restaurant opens this summer. Cheers!
Visit www.raysonwine.com for hours of operation and more details.
CELEBRATING NATIONAL DAYS...LOCALLY!
Check out my new video series where I visit local places in our Triad community to celebrate a national day. Follow along on my social media or scan the QR code to visit my YouTube channel on the days below to see which local venue I am highlighting!
May 4th
• Kentucky Derby
May 10th
• Shrimp Day
May 16th
• BBQ Day
May 25th
• Wine Day
MAY 2024
WITH AMANDA HEATH
MARKET UPDATE GREATER WINSTON SALEM
concerns and economic data have caused mortgage interest rates to continue to stay at levels around 7%. Many buyers who expected prices to adjust downward have been disappointed that the average sales price continues to increase across the board. Buyers are having to make a choice to buy now at higher rates and hope to refinance if and when rates do come down or wait and potentially face paying a higher price for the homes they are looking for. Higher end homes continue to see strong activity and new homes are filling in the gaps with low inventory of resale properties.
After a strong start to the year in January and February we saw the market dip a bit in March from this same time last year. Overall, we are down 4% for units year-to-date vs last year and sold volume is up 5%. Resale properties continued to cool from a strong start with 7% less units selling year-to-date. However, last year at this same time the total market was down 19% for units sold and resale properties were down 24% from the prior year in 2022. Luxury Collection homes priced over $600,000 are up 54% for units sold for the year vs 2023. The higher end of this category which is homes priced over $900,000 slowed some in March with 20% less selling year-to-date. New homes sales continue to stay strong with units closed up 8% and closed volume up 12% for the first quarter of the year. We had 853 new listings go active in March which is less than the 950 we saw come on the market in March of last year. 814 homes went under contract creating a 1.3 months’ supply of inventory at the end of the month. On the last day of the month there were 1,089 active listings which is only 26 higher than last year at the same time.
The median price for new listings hit an all-time high of $300,000 and the median price for closed properties hit the second highest on record at $295,000. Homes that sold with zero price changes spent on average 20 days on the market and sold for 99.5% of asking price. Homes with 1+ price adjustments sold on average in 94 days and at 93.9% of the original asking price. Close to 35% of all listings are adjusting the price one or more times to sell. Correctly priced homes are in position to generate showings and we are continuing to see many multiple offer scenarios for these properties. In March, new home closings were some of the highest numbers on record with 190 closed. There were 179 new homes that went under contract which accounted for about 32% of all active inventory. There is currently a 2.1-month supply of new homes actively on the market.
The sales activity by price range and zip code chart compares the current active inventory to the number of closed sales during the last six months. As of today, we have 1.8-month supply of inventory across Greater Winston-Salem which is 22% higher than where we were at this time last year, yet still historically low. Anything three months or less is considered a strong seller’s market. On average these homes sold for 98.7% of list price and went under contract in 38 days. The most active price range remains between $200,000-$300,000, with over 38% of all closed sales, with the average home selling for 99% of list price. If you look at homes that closed over $600,00 there were 238 units in the last 6 months. This is 20% more than this same category one year ago which is indicative of the rise in property values across the board. The zip codes with the lowest supply of homes are 27012 and 27103, with roughly 1 month supply available. The most active zip code is 27284, Kernersville, with 361 closed sales and the average home selling for 99.2% of list price and that is followed by 27295, Lexington, with 313 closed sales and homes selling at 98.8% of list price.
Americans are now sitting on near all-time highs for equity growth in their houses and eventually we will see more people taking advantage of this opportunity to cash out. It is still a great time to sell in our marketplace, make sure to be telling this story to anyone who is thinking about listing their home. We will continue to monitor the market moving forward, please let me know if you need any other date or information.
Did you know...for every transaction I close, a donation is made to the Second Harvest Food Bank and Samaritan Ministries in an effort to give back to the community.
Data reflects all closed residential sales in the Greater Winston-Salem area as of the end of March. This area includes Forsyth, Davie, Davidson, and Stokes Counties.
Davie, Davidson, Stokes) Sales Activity (Last Six Months) –“All Residential” – 4/17/24 Price Range Current Actives Sold Last 12 Months Month’s Supply Of Inventory Sales Price/ List Price Ratio Avg. DOM % Sales $0 – $100K 15 122 .7 93.9% 22 3.4% $100 - $200K 116 583 1.2 98.5% 25 16.4% $200 - $300K 295 1352 1.3 99.0% 33 38% $300 - $400K 321 827 2.3 99.1% 45 23.3% $400 - $500K 151 385 2.4 99.3% 52 10.8% $500 - $600K 67 158 2.5 99.3% 39 4.4% $600 - $700K 35 93 2.3 98.7% 38 2.6% $700 - $800K 23 53 2.6 99.0% 49 1.5% $800 - $900K 19 39 2.9 96.5% 77 1.1% $900 - $1M 10 13 4.6 95.4% 43 .4% $1M + Above 45 40 6.8 98.6% 64 1.1% Total Market 1084 3556 1.8 98.7% 38 100%
Greater Winston-Salem (Forsyth,
Sales Activity (Last Six Months) –“All Residential” – 4/17/24 Zip Code Current Actives Sold Last 12 Months Month’s Supply Of Inventory Sales Price/ List Price Ratio Avg. DOM 27006 27 123 1.3 98.7% 49 27012 60 187 1.1 98.7% 38 27021 34 119 1.7 97.9% 57 27023 39 91 2.6 97.0% 49 27028 44 175 1.5 98.3% 31 27040 29 79 2.2 98.7% 33 27045 12 52 1.4 98.8% 27 27101 33 95 2.1 101% 31 27103 42 203 1.2 98.9% 26 27104 35 155 1.4 99.5% 23 27105 51 141 2.2 99.0% 26 27106 67 245 1.6 99.4% 37 27107 53 235 1.4 98.5% 28 27127 67 224 1.8 99.5% 36 27284 120 361 2.0 99.2% 43
Greater Winston-Salem (By Zip Code)
RECIPE CORNER
DIRECTIONS:
INGREDIENTS:
• 1 pound mushrooms, large
• 8 tablespoons unsalted butter, melted
• 1 (6½-ounce) can snow crab, drained
• 2 eggs, beaten
• 2 to 3 tbsp. mayonnaise
• ¼ cup scallions, finely chopped
• 4 tsp. lemon juice
• ½ tsp. Worcestershire or soy sauce
• ½ cup breadcrumbs or matzo meal, with a pinch of oregano
• Salt and pepper
Preheat oven to 375º. Peel the mushrooms by reaching under the cap and peeling off the outermost layer of the skin. Trim the mushrooms and separate the caps from the stems. Dip the mushroom caps in melted butter and place top down in a buttered baking dish. In a bowl, mix crabmeat, eggs, mayonnaise, scallions, lemon juice, Worcestershire or soy sauce, half the crumbs, salt, and pepper. Stuff caps with crab mixture. Sprinkle the rest of the crumbs over caps and pour any remaining melted butter on top. Bake for 15-20 minutes.
You’ve bought an older home that needs some work. How do you decide what needs redoing and how much money to spend?
The first rule of thumb is: don immediate neighborhood. A starter home, or a lot renovated to be attractive and functional, but keep in mind that if your future homebuyer wants a finer home, they neighborhoods where
If your house needs everything, tackle the changes that will make the most difference in your convenience, comfort, and utility, like the kitchen. Will you need new cabinets, countertops and appliances, or a whole new floorplan? Is there room to borrow space from another room? If so, a kitchen designer can help you plan, manage costs and get more storage and workspace. Realtor.com
what you want is too expensive or becomes unavailable. You can price high end appliances, then choose less expensive back provide a schematic with different price points.
Budgetdumpster.com
of your home’s value on any single room. If your home is valued at $400,000, your kitchen remodel should be no more than $40,000 to $60,000. If you also need to remodel baths, cut the total remodeling budget down to 10% per room, and set aside another 10% for unexpected expenses.
Recipe from OurState.com
Amanda Heath 110 Oakwood Drive, Suite 110 Winston-Salem, NC 27103 REALTOR ® Let’s Get Connected! Top 2% of the Network Nationally since 2019 PRSRT MKTG POSTAGE & FEES PAID BERKSHIRE HATHAWAY PERMIT NO. PI-44
