Wednesday, June 23, 2010

Home sales

The following were the home sales for 4 subdivisions in areas close to Cherry Point Marine Air Station



Neuse Harbour


Active homes for sale by price range

Current number of homes on the market=17

Pending sales=0

Active homes for sale by price range

$219,000-$300,000=8

$,301,000-$450,000=7

$1,250,000-$1,475,000=2

There were 5 homes that sold and closed in Neuse Harbour in the last 12 months.



Stately Pines

Current homes on the market=8

Pending sales=2

Active homes for sale by price range

$181,900-$200,000=3

$200,000-$250,000=3

$288,000-$799,000=2

There were 9 homes that sold and closed in Stately Pines in the last 12 months.

Carolina Pines

Current homes on the market=26

Pending sales=3

Active homes for sale by price range

$150,000-$200,000=11

$200,000-$250,000-11

$251,000-$300,000=4

There were 28 homes that sold and closed in Carolina Pines in the last 12 months.

Tucker Creek

Current homes on the market=12

Pending sales=3

Active homes for sale by price range

$129,000-$200,000=6

$201,000-$299,500=6

There were 12 homes that sold and closed in Tucker Creek in the last 12 months.

New Bern 4th of July Celebration

New Bern is the place to be on the 4th of July. Among many of the interesting events to be held this day are the chance to observe the world's largest barbecue bun and sandwich.

Known throughout the South as some of the best barbecue in the world, Tommy Moore of Moore's Barbecue will attempt a Guinness World Record by creating a sandwich large enough to feed more than 300 people.

Tommy Moore/ Chef/Pitmaster and his Barbecue Bun team will gather at 1 p.m. to assemble the Barbecue Bun-Largest Open Sandwich at Union Point Park. Don't miss a part of history as we celebrate the founding of our country.


Sunday, June 06, 2010

New Bern NC Home sales

Building permits, not inspections, in Craven County are up significantly year over year. I am referring to Craven County permits only and not the city of New Bern or Havelock. I will try to start tracking city permits as well.




For the month of May, 2010, there were 127 homes that closed in our entire MLS. Of these only 13 were over $250,000. This compares to 107 that closed in May of 2009 of which 12 were over $250,000.



There are currently 312 new homes for sale and 36 sold in the month of May. This means we have almost one year of new home inventory on the market. Be careful builders.



Since there were 104 homes that closed in April 2010 and 127 in May 2010 can we conclude that with the ending of the first time homebuyers tax credit, sales have not been negatively affected?

Not yet, because even though the program ended in April, many of the sales that were initiated because of the program did not close until May. You had to be under contract by the end of April but have until the end of June to close.



One concern of mine is the increase of inventory of existing homes we are seeing. I believe many folks who did not sell their home the first go around have put their home on the market at this time thinking that late spring, summer is the time to sell. This has resulted in somewhat of an excess of inventory(almost 17 months worth at the current absortion rate) and will put pressure on folks to reduce their price in order to sell. If I did not have to sell my house I would not put it on the market at this time.