Historic-Home Buyers Are Moving Fast, and Sellers Are Accepting Offers in Days Rather Than Months

Updated with closings June 1, 2020

Like the daffodils that started blooming before this winter’s first snow, spring home-buyers are rushing out early this year. New listings of historic homes in the Triad are being scooped up as many sellers are pricing their homes just right and buyers are jumping at the opportunity.

The majority of these homes are in the more affordable end of the price range, under $300,000, although there are some conspicuous exceptions. Also, these homes are mostly in the larger cities (especially Winston-Salem — what’s going on over there?). Quick sales aren’t happening much in the Piedmont’s smaller towns and rural areas.

Although the fast sales are eye-catching, older listings are moving a bit, too. Since January 1, sellers have accepted offers on historic homes originally listed in 2016 and 2017 (one each), 2018 (two) and four 2019 listings that are at least a year old.

Here are 23 historic homes newly listed in January and February that resulted in offers being accepted in 15 days or less. Six sales have already closed. Twenty sales had closed by June 1. Among the outliers, one was under contract for the fourth time, one for the third, and one had been under contract for four months.

2020 Buena Vista Road, Winston-Salem, same day

2020 buena vista road winston.jpg

  • Sold for $1.65 million on March 31 (originally $1.68 million)
  • Listed February 19
  • Under contract February 19
  • 1922 mansion
  • Note: Million-dollar houses are always a slower-moving segment of the market; exceptions like this are pretty rare.

408 S. Main Street, Lexington, 15 days

408 s main street lexington.jpg

  • Sold for $425,000 on March 31, 2020 (listed at $435,000)
  • Listed January 15
  • Under contract January 30
  • 1834 mansion
  • Note: Located in downtown Lexington, it’s also being marketed as a potential b-and-b or wedding venue.

417 Woodlawn Avenue, Greensboro, 3 days

417 woodlawn avenue.jpg

  • Sold for $349,900 on March 2, 2020 (listed t $349,900)
  • Listed January 17
  • Under contract January 20
  • 1920 home
  • Neighborhood: Westerwood, one of Greensboro’s most popular

413 McAdoo Street, Greensboro, 8 days

413 mcadoo street.jpg

  • $310,000
  • Listed January 16
  • Under contract January 24-February 7
  • Under contract again February 10 to March 3, 2020
  • Under contract again May 4
  • 1935 home
  • Neighborhood: Southside, a small, popular downtown neighborhood where houses go on the market very infrequently

407 S. Chapman Street, Greensboro, 1 day

407 s chapman street.jpg

  • Sold for $290,000 on March 26, 2020 (listed at $289,900)
  • Listed February 13
  • Under contract February 14
  • 1930 bungalow
  • Neighborhood: Sunset Hills, traditionally a very popular neighborhood

722 W. Davis Street, Burlington, 3 days

722 w davis street burlington.jpg

  • Sold for $280,000 on January 31, 2020 (listed at $280,000)
  • Listed January 7, 2020
  • Under contract January 10
  • 1923 bungalow
  • Neighborhood: West Davis/Fountain Place Historic District

1309 Clover Street, Winston-Salem, 6 days

1309 clover street winston.jpg

  • Sold for $279,000 on February 18, 2020 (listed at $269,900)
  • Listed January 7, 2020
  • Under contract January 13
  • 1925 bungalow
  • Neighborhood: West End Historic District

134 N. Sunset Drive, Winston-Salem, 6 days

134 n sunset drive winston.jpg

  • Sold for $276,000 on March 26, 2020 (listed at $268,000)
  • Listed February 12
  • Under contract February 18
  • 1920 home
  • Neighborhood: West End Historic District

1275 Westminster Drive, High Point, 5 days

1275 westminster drive high point.jpg

  • Sold for $265,000 on March 13, 2020 (listed at $265,000)
  • Listed February 8
  • Under contract February 13
  • 1966 Mid-Century Modern
  • Neighborhood: Emerywood Forest

1601 Wilton Drive, Greensboro, 5 days

1601 wilton drive.jpg

  • Sold for $259,900 on February 18, 2020 (listed at $259,900)
  • Listed January 7
  • Under contract January 12, closed February 18 for full price
  • 1959, Mid-Century Modern
  • Neighborhood: New Irving Park

919 Rotary Drive, High Point, same day

919 rotary drive high point.jpg

  • $240,000
  • Listed February 19
  • Under contract February 19 to March 3, 2020
  • Under contract March 7 to March 16, 2020
  • Under contract March 25, 2020 to April 3, 2020
  • Under contract May 21, 2020
  • 1935 home
  • Neighborhood: Emerywood

1113 Clyde Place, High Point, 13 days

1113 clyde place high point.jpg

  • Sold for $231,000 on February 26, 2020 (listed at $225,000)
  • Listed January 24
  • Under contract February 6
  • 1924 home
  • Note: A fix-and-flip sale

107 Devonshire Street, Winston-Salem, 3 days

107 devonshire street winston.jpg

  • Sold for $227,000 on April 13, 2020 (listed at $224,900)
  • Listed February 18
  • Under contract February 21
  • 1940 bungalow
  • Neighborhood: Washington Park

836 Oak Street, Unit 506, Winston-Salem, 11 days

836 oak street winston.jpg

  • Sold for $170,000 on March 6, 2020 (listed at $175,000)
  • Listed January 30
  • Under contract February 10
  • 1920 condo
  • Neighborhood: Downtown

611 Trollinger Street, Burlington, 4 days

611 trollinger street burlington.jpg

  • Sold for $182,000 on March 5, 2020 (listed at $175,000)
  • Listed February 5
  • Under contract February 9
  • 1919 home
  • Neighborhood: West Davis/Fountain Place Historic District

722 Granville Drive, Winston-Salem, 6 days

722 granville drive winston.jpg

  • $169,000
  • Listed January 24
  • Under contract January 30
  • 1916 bungalow
  • Neighborhood: West Salem

1107 W. Bank Street, Winston-Salem, 2 days

1107 bank street winston.jpg

  • Sold for $171,250 on March 31, 2020 (listed at $169,000)
  • Listed February 19
  • Under contract February 21
  • 1931 bungalow
  • Neighborhood: West Salem

371 Gwyn Avenue, Elkin, 10 days

371 gwyn avenue elkin 2020.jpg

  • Sold for $145,550 on February 10, 2020 (listed at $143,500)
  • Listed January 13
  • Under contract January 23
  • 1919 home
  • Note: Bankruptcy sale

1809 Hattie Circle, Winston-Salem, 11 days

1809 hattie circle winston.jpg

  • Sold for $107,000 on March 24, 2020 (listed at $105,900)
  • Listed January 27
  • Under contract February 7
  • 1958 Mid-Century Modern
  • Note: Designed by Lamar Northrup; the house hasn’t been sold since it was built.

222 Hames Street, Lexington, 8 days

222 hames street lexington.jpg

  • Sold for $52,000 on April 3, 2020 (listed at $57,000)
  • Listed January 21
  • Under contract January 29
  • 1917 bungalow
  • Neighborhood: Erlanger Mills

921 Thurmond Street, Winston-Salem, 7 days

921 thurmond street winston.jpg

  • Sold for $55,500 on January 31, 2020 (listed at $55,500)
  • Listed January 13
  • Under contract January 20, closed January 31 (full price)
  • 1915 restoration
  • Neighborhood: Northwest Winston-Salem

7930 Shallowford Road, Lewisville, 4 days

7930 shallowford road lewisville.jpg

  • Sold for $40,000 on March 5, 2020 (listed at $50,000)
  • Listed January 7
  • Under contract January 11
  • 1898 restoration
  • Note: The owner is writing off the house — “No value being given to home. Would make a nice building site …”

1326 Bretton Street, Winston-Salem, 1 day

1326 bretton street winston.jpg

  • Sold for $20,000 on January 17, 2020 (listed at $15,000)
  • Listed January 10
  • Under contract January 11
  • 1924 restoration
  • Neighborhood: Waughtown

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