BUYER  BEWARE!!!!
This is Spring madness right now in Ardmore.   Properties are going on the market at 9 a.m. and are in contract by 4pm, with several offers coming in at more than full price.
It’s known as “BUYER FEVER” where buyers get bummed out that their first offer on another house wasn’t accepted or it went into contract before they could even make an offer…. and now they are in a frenzy to not let that happen again….. so they bid very high, to make sure they get it this time around.
That can be DANGEROUS!  
Before you say “I DO” to the house, make sure your agent has checked out the structure and mechanicals, in case there are glaring issues that would otherwise cause you to back out of the sale.  This will save you a home inspection and due diligence fees.
Also, give your agent a chance to do a fair market analysis, so that you are not pricing yourself out of the appraisal value as well.  
Yes, Ardmore is a HOT market, but please consider your long-term re-sale investment when making your decision to bid on a property.  Just a few words of wisdom, because we care about you!!  

 
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    4TH OF JULY ANNUAL POTLUCK PICNIC!
  11:30-2:30 @ BOLTON PARK
Come celebrate your independence this year with your neighbors and join in the fun for the 4th of July! Bring your favorite dish and enjoy meeting and mingling with the Ardmore community. Have kids? Wonderful! There will be face painting, pinatas, and as always a decorated bicycle/tricycle parade. For the adults, we will have a corn hole tournament with a grand prize and a runner-up prize!

We look forward to seeing all of you and celebrating this independence year with our Ardmore community!

Community Garden

Have you heard about the new community garden in Ardmore?

A community-funded, nonprofit organization with a mission to educate and enrich the community through sustainability and wellness initiatives. In addition to serving the community through education, S+A seeks to demonstrate how neighbors can come together and build on the community’s resources to impact lives and achieve positive results.

Please visit their website at ArdmoreGatewayGarden.org.

Everyone is welcome to join in the fun, education, plantings and new events happening all the time.    

Ardmore Information

  • 235 Ardmore properties sold in 2016.
  • 98% of homes closed at list price.
  • 38 homes closed in May with an average sale price of $163,190.
  • The Average sale price for the year was $169,328.
  • The month of April had the most listings at one time of 113 homes.
  • The average Days on the Market  was 54 days.
  • The average rental price for a 3bed/2bath single family is $1,200 mo.
  • Compared to all other neighborhoods in Winston Salem, Ardmore is still one of the safest places to live in Forsyth County.


** 2016 was another banner year in Ardmore, equal to, if not exceeding 2015 sales. The questions is… what is the cause for the higher prices and increased sales?        
        
Cost of construction: For those homes that have been updated or had additions in the past 5 years, the cost of materials have increased significantly since 2012, so the overall renovation has become more expensive. In one year, the cost of a 24x4x8 framing stud has risen by 10% in the U.S. market. 

Interest Rates: With low interest rates, the cost of purchasing money is better than ever, so buyers can afford more house for the money and prices go up. When interest rates go up, the price of homes will come down.                                        

Historic Ardmore

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Approximately  6,000 acres of land with over 2,000 buildings, bounded on the west by Knollwood Street, the north by Queen Street, the east by Duke Street and the south by Ardsley Street.  Knollwood Manor and properties East of Bolton Street are still considered Ardmore and are well within walking distance to Baptist Hospital.  
Established in 1900 as the first middle-class residential neighborhood with Craftsman style and Victorian style homes, being the first neighborhood in Winston Salem to have detached garages for the commuting residents. Residents comfortably offer a rainbow of color to spice up the streets and dot the neighborhood with eclectic styles.   On any given day,  joggers, walkers and strolling families fill the sidewalks and parks. 
Dog walkers are so popular in Ardmore that several residents leave a special watering dish out for thirsty fidos.

Spring in Ardmore is breathtaking.  Just about every street is lined with blooming trees & bushes, not to mention the tulip & daffodil displays. 

Leisurely walks are the most enjoyable. You'll see everyone out in their yards, dog walkers,  children playing and pretty scenes all around.