Thursday, October 27, 2011

Steve Tyson’s Real Estate Update





Neuse Harbour

Active homes for sale by price range

Current number of homes on the market=5

Pending sales=1

Active homes for sale by price range

$279,000=1

$,334,000-$385,000=2

$ 775,000=1

$1,225,000=1

There was 1 home that sold and closed in Neuse Harbour in the last 12 months. The sales price was $232,000



Stately Pines

Current homes on the market=6

Pending sales=0

Active homes for sale by price range

$160,000-$200,000=2

$205,000-$210,900=2

$669,500=1

$769,000=1

There were 11 homes that sold and closed in Stately Pines in the last 12 months. The most expensive house sold was $214,25s0.

Carolina Pines

Current homes on the market=18

Pending sales=1

Active homes for sale by price range

$137,500-$$150,000=5

$157,000-$200,000=6

$215,000-250,000=6

$259,000=1

There were 18 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $265,000.

Tucker Creek

Current homes on the market=7

Pending sales=3

Active homes for sale by price range

$110,000-$150,000=2

$165,000-$200,000=3

$245,000-$289,000=2

There were 14 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $275,000.

Total homes sold January 1-Oct. 24 2009=982

Total homes sold January 1-Oct. 23 2010=1021

During the same time frame in 2011=981 homes have been sold.

There are currently 1387 homes listed for sale in our multiple listing service. This number is down from about 1550 In prior months. We are selling homes at a rate of about 104 a month so there is still a large inventory on hand. A buyers market is defined as more than 6 months of home inventory. It is definitely a buyer’s market as we currently have 13 months worth of inventory.

On the plus side, interest rates are still incredibly low. I have a customer that got a 3.75% rate in mid October. In the early 1980’s I remember rates went as high as 18% so it is a great time to buy and lock in a great rate.

Feel free to call or email me if you would like to have a customized absorption rate or a Comparable Market Analysis for your property. Home sales in each neighborhood can vary greatly.

 I can be reached at SteveTyson@NCmove.com And remember you can always visit me online at www.NewBern-NC.Info



Realtor Steve Tyson

The Tyson Group Realtors
Post a Comment