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Page 2 February Edition Seven Lakes News<br />
and other non-profi t organizations,<br />
the landowners association and all<br />
of the residents that have “pitched<br />
in” with help and suggestions to<br />
make the “Seven Lakes News”, a<br />
reality for all to share.<br />
CHAD STITES<br />
910-992-6230<br />
ONLY THE SUNSET COVERS SEVEN LAKES BETTER!<br />
www.TheStitesTeam.com<br />
SHANNON STITES<br />
910-992-6231<br />
From The Publisher...<br />
Whew, the “Seven Lakes News”<br />
our Community Newspaper that is<br />
shared by all, has made it through<br />
this fi rst year with the help of everyone<br />
in this wonderful community.<br />
We would like to express our sincere<br />
thanks and appreciation not only to<br />
the advertisers of whom we owe a<br />
huge debt of gratitude but also all of<br />
the volunteers throughout the community,<br />
the business guild, Kiwanis<br />
Seven Lakes<br />
assisted living & memory care<br />
• Semi-private & private rooms<br />
• Furnished or unfurnished, as desired<br />
• Cable TV & individual climate controls<br />
in each room<br />
• Complete dining program with 3 meals &<br />
snacks daily<br />
• Full-service housekeeping<br />
• Activities and social programs<br />
• NorthStar Memory Care tm Program<br />
• On-site Beauty Salon & Barber Shop<br />
• Scheduled transportation<br />
• On-call physician services<br />
• And much, much more!<br />
Tour Seven Lakes – call us today!<br />
It is very rare, indeed to have a small<br />
community share in such a wide<br />
array of events with free outdoor<br />
concerts, holiday events and activities<br />
provided by the local business<br />
owners and land owner associations.<br />
Spring is fi nally here, “we hope”, and<br />
with it brings another year for your<br />
community newspaper to inform as<br />
well as entertain you .<br />
Thanks for your continued support!<br />
Victoria Levinger<br />
THE MARKET REPORT:<br />
There<br />
There<br />
are<br />
are<br />
39<br />
41 homes for sale in<br />
in<br />
Seven<br />
Seven<br />
Lakes<br />
Lakes<br />
North,<br />
North,<br />
South and West combined.<br />
South and West combined.<br />
There There are are 1120 homes homes pending and and 9789 homes have have sold<br />
in the past 6 months (7/1/2017 -1/1/<strong>2018</strong>).<br />
sold in the past 6 months (8/1/17 - 2/8/18)<br />
The median sale price over the past 6 months<br />
was $255,000. (down $9,000 from the last<br />
report) and median days on the market 123 (up 3<br />
days from the last report).<br />
The median sale price over the past 6 months was $255,000<br />
(the same as last months report) and the median days on the<br />
market is 123 days (also the same as last months report).<br />
Of the 97 homes the past months, 33 had a<br />
Of the 89 homes sold in the past 6 months, 29 had a<br />
price reduction prior to selling. Median reduction is<br />
just under 8% price of the reduction list price. prior to selling.<br />
Inventory is low now and expected to increase starting<br />
Median reduction is just under 8% of the list price).<br />
in March. It’s a good time to start preparing your home<br />
for the Spring selling season. Declutter, freshen up<br />
flooring and walls, and go ahead and get on your<br />
landscaper and powerwasher’s schedule for the<br />
Spring.<br />
Inventory is still very low and we are already seeing a high demand<br />
of Buyers interested in the Seven Lakes area, so it looks<br />
like the Spring Market will start early and be great for Sellers!<br />
Moore County’s $0 Down Home Loan<br />
Moore County residents earning less than $78,200 per year or less<br />
than $103,200 per year for families larger than four are eligible for a<br />
government-insured zero down loan program. Program eligibility<br />
income is calculated by summing the earnings of all occupants of the<br />
household, except minors and full-time students over 18 years.<br />
The program entails a 30 year fi xed rate loan with lower than normal<br />
monthly mortgage insurance. Closing costs of up to 6% of the sales<br />
price are allowed to be paid by the seller. Should the house appraise<br />
for more than the sales price the closing costs may even be fi nanced<br />
into the loan. There is NO fi rst time homebuyer requirement.<br />
What this means is that with an income of $78,200, a family of 4 c<br />
an qualify for a $250,000 home. Financing a $250,000 home with<br />
this program yields a monthly payment that would be $70 LESS than<br />
normal and a SAVINGS of $8,750 in down payment funds.<br />
(910) 673-2045<br />
www.AffinityLivingGroup.com/7L<br />
292 McDougall Drive | West End, NC 27376
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