Friday, December 20, 2013

New Bern home sales



Homes sales in New Bern-Craven County

In the last week there were 17 homes sold in Craven County. That is not bad seeing we are so close to Christmas. The link below will show you all home sales in the past week. If you have any questions give me a call.




Wednesday, December 18, 2013

Waterfront Townhome just minutes from New Bern




If you are looking for a waterfront Townhome this is the best deal on the market. Located in Riverbend just minutes from New Bern this a rare find. From this property you can walk 50'and be on your boat. Golf and tennis are just 2 minutes away.



The floor plan is open and spacious. Of all the Townhomes I have sold, this is my favorite plan.




Click the links below to learn more about this exceptional waterfront Townhome. If you can find a better deal, buy it.


If you have any questions give me a call at 252 514 9157.

Townhome video

Townhome features and tax information



Sunday, December 15, 2013

Home sales for Tucker Creek, Neuse Harbour, Stately Pines, and Carolina Pines

Neuse Harbour
 Active homes for sale by price range
Current number of homes on the market=10
Pending sales=1
Active homes for sale by price range
$189,000=1
$200,000-$300,000=2
$550,000-$669,000=3
$,799,000-$979,000=4
There were 9 home that sold and closed in Neuse Harbour in the last 4 months.
The most expensive house sold was $535,000.
The average days on market before selling was 547 days.

Stately Pines
Current homes on the market=4
Pending sales=1
Active homes for sale by price range
$150,000-$200,000=3
$265,000=1
There were 6 homes that sold and closed in Stately Pines in the last 12 months.
The most expensive house sold was $600,000.
The average days on market before selling was 162 days.
Carolina Pines
Current homes on the market=16
Pending sales=2
Active homes for sale by price range
$125,000-$200,000=6
$200,001-$250,000=8
$269,000=1
There were 18 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $290,000.
The average days on market before selling was 164 days.

Tucker Creek
Current homes on the market=10
Pending sales=3
Active homes for sale by price range
$160,000-$200,000=6
$200,000-$250,000=4

There were 14 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $224,000.
The average days on market before selling was 67 days.

Total homes sold January 1-Dec-14  2010=1158
Total homes sold January 1-Dec-14  2011=1158
Total homes sold January 1-Dec-14  2012=1235
Total homes sold January 1-Dec-14  2013=1425
Note, of the 1425 homes sold 300 of them were Bank Owned.
It appears to me that the real estate market is improving ever so slightly. Inventory is down, average price is up slightly, and days on the market is holding steady.
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.


                                       

Friday, December 13, 2013

Home sales in New Bern NC

Year to date Home sales in the New Bern Multiple Listing Service 

Tuesday, December 03, 2013

New Bern-Craven County Home Sales

Home Sales for New Bern-Craven County Market
There are currently 969 homes for sale in Craven County.  This is the lowest number I have seen in some time and I hope it is a sign of things to come.

There have been 1125 home sales in Craven County in the past year.

In the past two weeks, 37 homes closed in Craven County. (Week ending 12/1-13)
Of the 37 home sales in the past 2 weeks, 11 were  Bank Owned properties. The percentage of bank owned/total home sales has remained fairly constant for the past few years and does not seem to be getting worse.

$45,000-$100,000=12 sales.   In this price range there are 176 homes for sale!
$100,001-$150,000=7 sales.   In this price range there are 228 homes for sale!
$150,001-$200,000=9 sales.   In this price range there are 239 homes for sale!
$200,001-$250,000=4 sales.   In this price range there are 118 homes for sale!
$250,000-$300,000=2 sales.   In this price range there are 54 homes for sale! 
$300,001-$500,000=3 Sales.   In this price range there are 100 homes for sale! 
$500,001-$2,000,000=0 Sales. In this price range there are 54 homes for sale!
  
Of the 37 home sales 4 were waterfront homes. Jana and I sold 2 of the 4 waterfront homes. There are currently 88 waterfront homes for sale in Craven County.
Below is a list of the waterfront homes that sold 
1 sale in Fairfield Harbour=$265,000
1 sale in Fairfield Harbour=$295,000
1 Townhome in Riverbend on the Canal=$95,000
1 sale on the Neuse RiverIt sold for $324,000.

There were 3 interior lot sold in the past two weeks. 1 in Carolina Colours, 1 in downtown New Bern, and 1 in Trent Woods .
There was 0 waterfront lots sold in the past two weeks. 

Here is how the sales this week compare to sales for the same 2 weeks in prior years.

2013=37 sales
2012=33 sales
2011=44 sales
2010=45 sales
2009=62 sales
2008=34 sales
That is the wrap up for the last 2 weeks. If you have any questions give me a call at 252 514 9157

Saturday, November 16, 2013

Home Sales in New Bern

 Update-Home Sales for New Bern-Craven County Market
There are currently 1008 homes for sale in Craven County.  There have been 1118 home sales in Craven County in the past year.

In the past two weeks, 33 homes closed in Craven County. (Week ending 11/16-13)

$11,000.00-$100,000=7 sales. In this price range there are 218 homes for sale
$100,001-$150,000=8 sales.   In this price range there are 285 homes for sale!
$150,001-$200,000=5 sales.   In this price range there are 310 homes for sale!
$200,001-$250,000=6 sales.   In this price range there are 182 homes for sale!
$250,000-$300,000=1 sales.   In this price range there are 101 homes for sale! 
$300,001-$1,000,000=6 Sales. In this price range there are 295 homes for sale! 
Of the 33 sales 5 were waterfront homes. Below are the waterfront homes that sold

1 sale in Riverbend=$262,000.00
1 sale in Fairfield Harbour=$325,000.00
2 sales in Trent Woods. Both of these were on the Trent River. 1 sold for $555,000 and 1 sold for $620,000.
1 sale in the Brices Creek area. This house was 5800 square feet and also was on the Trent River. It sold for $890,000.
The good news is that there are still some high end buyers out there and if they see good value they will pull the trigger.

1 waterfront lot sold in the past week. It was on the canal in Fairfield and sold for $30,000

1 interior lot sold in the past two weeks. It was located in Fairfield.

Here is how the sales this week compare to sales for the same 2 weeks in prior years.

2013=33 sales
2012=29 sales
2011=37 sales
2010=22 sales
2009=32 sales

All in all I would say it was a good 2 weeks. If you have any questions about real estate send me an email. 

            

Monday, November 04, 2013

Saturday, November 02, 2013

Waterfront Home with 5' of water at the dock


If you are a sailor looking for a newer home this home might be the one. Click the link below to learn more and see photos.


Sunday, October 27, 2013

New Bern Home Sales

Weekly Update-Home Sales for New Bern-Craven County Market
There are currently 1038 homes for sale in Craven County.  There have been 1097 home sales in craven County in the past year which amounts to about a 1 year supply of homes on the market. Each neighborhood and price range is unique and some price ranges are selling in under 180 days.

In the past two weeks, 33 homes closed in Craven County. (week ending 10/27-13)

$51,000.00-$100,000=4 sales.   In this price range there are 174 homes for sale!
$100,001-$150,000=6 sales.   In this price range there are 238 homes for sale!
$150,001-$200,000=11 sales.   In this price range there are 256 homes for sale!
$200,001-$250,000=7 sales.   In this price range there are 131 homes for sale!
$250,000-$300,000=3 sales.   In this price range there are 61 homes for sale! 
$300,001-$1,000,000=3 Sales. In this price range there are 172 homes for sale!  
            
Of the sales in the two past weeks, 3 were Waterfront homes

Of the 33 sales this past week 3 were  Bank Owned properties. 

There was 1 waterfront lot sold in the past week. 

There were 1 interior lot sold in the past two weeks. 

Here is how the sales this week compare to sales for the same 2 weeks in prior years.
2013=33 sales
2012=57 sales
2011=42 sales
2010=38 sales
2009=41 sales

New Bern Home Sales

Weekly Update-Home Sales for New Bern-Craven County Market
There are currently 1038 homes for sale in Craven County.  There have been 1097 home sales in craven County in the past year which amounts to about a 1 year supply of homes on the market. Each neighborhood and price range is unique and some price ranges are selling in under 180 days.

In the past two weeks, 33 homes closed in Craven County. (week ending 10/27-13)

$51,000.00-$100,000=4 sales.   In this price range there are 174 homes for sale!
$100,001-$150,000=6 sales.   In this price range there are 238 homes for sale!
$150,001-$200,000=11 sales.   In this price range there are 256 homes for sale!
$200,001-$250,000=7 sales.   In this price range there are 131 homes for sale!
$250,000-$300,000=3 sales.   In this price range there are 61 homes for sale! 
$300,001-$1,000,000=3 Sales. In this price range there are 172 homes for sale!  
            
Of the sales in the two past weeks, 3 were Waterfront homes

Of the 33 sales this past week 3 were  Bank Owned properties. 

There was 1 waterfront lot sold in the past week. 

There were 1 interior lot sold in the past two weeks. 

Here is how the sales this week compare to sales for the same 2 weeks in prior years.
2013=33 sales
2012=57 sales
2011=42 sales
2010=38 sales
2009=41 sales

Tuesday, October 08, 2013

New Bern Home Sales

Weekly Update-Home Sales for New Bern-Craven County Market
There are currently 1026 homes for sale in Craven County.

In the past two weeks, 51 homes closed in Craven County. (week ending 10/6)

$12,000.-$100,000=12 sales.   In this price range there are 164 homes for sale!
$100,001-$150,000=12 sales.   In this price range there are 229 homes for sale!
$150,001-$200,000=12 sales.   In this price range there are 257 homes for sale!
$200,001-$250,000=9 sales.     In this price range there are 136 homes for sale!
$250,000-$300,000=3 sales.     In this price range there are 56 homes for sale! 
$300,001-$1,000,000=3 Sales. In this price range there are 177 homes for sale!  
            
Of the sales in the two past weeks, 4 were Waterfront homes

Of the 23 sales this past week 5 were  Bank Owned properties. 

There was 0 waterfront lots sold in the past week. 

There were 4 interior lots sold in the past two weeks. Note-3 of these were in Carolina Colours

There were 1 commercial buildings sold in the past two weeks. It sold after being on the market 447 days.

Here is how the sales this week compare to sales for the same 2 weeks in prior years.
2013=51 sales
2012=45 sales
2011=41 sales
2010=48 sales
2009=36 sales

If you have any questions about the real estate market, or if you would like a custom report for your neighborhood, send me an email.

Wednesday, October 02, 2013

New Home Sales in the New Bern area.


New Construction Home Sales in the New Bern Market

So, how is new home construction faring in Craven County? If you listen to the national media things are looking rosy for new home sales, and I am sure they are in certain areas of the country. However, in Craven County new home sales are still lagging as demonstrated in the numbers below. Take a look, and then we will try to analyse why this might be the case. 

New Home Sales through 10-2.

2013=141

2012=184

2011=179

2010=232

2009=235

2008=269

2007=423

2006=526

2005=491

2004=160

Last week the news reported Fannie Mae officials were saying the recent increase in mortgage rates held new construction home sales back last month. In my opinion this is not the real underlying reason. It is the weak economy, lack of real jobs, and that new home prices have continued to rise while existing home prices have fallen. This has made existing homes more attractive to most buyers.

 Last month, my wife Jana, ran an ad on Craig's List for a Real Estate assistant to help us process paperwork. We had one MBA, and at least 8 recent college grads apply for a job that starts at $24,000. While we are delighted to get such quality applicants, I don't think an MBA will find this a rewarding career. My point, it is still a tough job market in this area and throughout most of the country.

Of the new homes sold this year only 4 have sold for over $250,000. What does this say? Many if not most of the new home sales were to young Marines that are in the $150,000-$200,000 price range. Marine officers that use to buy in the $250,000-$300,000 are opting to rent now instead of buying. The protracted weak economy has caused many folks that have good jobs to stay where they are for fear of losing their jobs.

Also, many of the retires relocating to this area are looking in the $200,000-$250,000 price range whereas they use to be looking in the $250,000-$350,000. They can find an existing newer home in the $200,000-$250,000 with the amenities they want. Because of the increase in regulation and in many instances material cost, builders simply cannot build a new custom home on a .3 acre lot and stay within that price.

When the economy turns there will be a pent up demand for home builders. Until then, my advice to home builders is to reinvent yourself and expand into other areas of construction such as remodeling, insurance restoration, and small commercial contracting.








Thursday, September 26, 2013

Home sales in Pamlico County

Good news. Pamlico County home sales are up. Below are home sales in Pamlico County for the past few years. As you can see they are heading in the right direction.

9-27-12 through 9-26-13=112 homes sold

9-27-11 through 9-26-12=93 homes sold

9-27-10 through 9-26-11=86 homes sold

9-27-09 through 9-26-10=74 homes sold

9-27-08 through 9-26-09=66 homes sold

Not really sure why sales are up. However I will speculate that because Pamlico was hit harder than Craven in the housing bubble, perhaps their rebound is a little more lively than ours. Whatever the reason, sales are rising.





Sunday, September 22, 2013

New Bern Home Sales

Neuse Harbour

Active homes for sale by price range=9

Pending sales=2

Active homes for sale by price range
$200,000-$234,000=2
$309,000-$369,000=2
$550,000-$699,000=2
$,799,000-$979,000=3
There were 5 home that sold and closed in Neuse Harbour in the last 12 months.
The most expensive house sold was $383,150.

Stately Pines

Current homes on the market=5
Pending sales=5

Active homes for sale by price range
$140,000-$200,000=4
$635,000=1
There were 5 homes that sold and closed in Stately Pines in the last 5 months. The most expensive house sold was $601,000.
Carolina Pines

Current homes on the market=21

Pending sales=5

Active homes for sale by price range
$100,000-$150,000=5
$159,000-$200,000=7
$207,000-$240,000=9
There were 16 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $290,000.

Tucker Creek

Current homes on the market=10

Pending sales=6

Active homes for sale by price range
$154,000-$200,000=5
$220,000-$260,000=5

There were 10 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $224,000.
Home Sales to date by year.

Total homes sold January 1-Sept 22- 2010=924
Total homes sold January 1- Sept 22- 2011=915
Total homes sold January 1- Sept 22-2012=953
Total homes sold January 1- Sept 22-2013=1103
Note, of the 1103 homes sold this year, 241 of them were Bank Owned.
There are currently 1505 homes listed for sale in our multiple listing service. We are selling homes at a rate of about 122 a month. A buyers market is defined as more than 6 months of home inventory. It remains a buyer’s market as we currently have about 12 months worth of inventory. With that said, each neighborhood and price range is unique and your could be better or worse than the overall market.



Thursday, September 12, 2013

Some Good News for the Real Estate Industry

Realty Trac is a private company that tracks foreclosures across the country. I have been following them for years and trust their data. They recently announced that foreclosure filings in August hit its lowest level in eight years. Also, according to Realty Trac underwater mortgages, those who owe more on their mortgage loans than their homes are worth, is declining. This is certainly a positive sign for the housing industry. 
August's initial foreclosure filings fell 44% to 55,575, just below the 56,063 that were recorded in October 2005. The foreclosure crunch began in summer 2006, at about the same time that housing prices hit their peak. We are still seeing quite a few foreclosures in the New Bern market although I believe the number may be decreasing. 
Nationally, the peak in foreclosures was September, 2010. However, even though the number of foreclosure filings is falling, we will continue to see high levels of bank owned homes for sale for several years. The reason. There can be a 1 to 2 year lag between when foreclosure filings occur and when the bank actually takes back ownership.
The state with the highest rate of foreclosure filings was Nevada, with one for every 359 homes. 
In Florida, one of every 383 homes had some kind of filing, the second highest rate among states. Ohio, Delaware and Maryland filled out the top five.

If you have any questions give me a call.


Sunday, September 08, 2013

New Bern Weekly Home Sales Report

Weekly Update-Home Sales for New Bern-Craven County Market
There are currently 1056 homes for sale in Craven County.

In the past week, 15 homes closed in Craven County. (week ending 9/8/13)

$24,000.00-$100,000=5 sales.   In this price range there are 160 homes for sale!
$100,001-$150,000=2 sales.   In this price range there are 229 homes for sale!
$150,001-$200,000=3 sales.   In this price range there are 256 homes for sale!
$200,001-$250,000=5 sale.   In this price range there are 149 homes for sale!
            
Of the sales in the past week, 1 was a waterfront home. It closed for $185,000. 

Of the 23 sales this past week 1 was a Bank Owned property. There are currently 45 Bank Owned properties for sale in Craven County.

There was 0 waterfront lots sold in the past week. 

There were 3 interior lots sold last week. They were all in Fairfield Harbour and the highest priced was $2,500.00. 

There were 0 commercial,buildings or lots, sales in the past week. 

Here is how the sales this week compare to sales for the same week in prior years.
2013=15 sales
2012=14 sales
2011=20 sales
2010=17 sales


2009=23 sales

Thursday, September 05, 2013

Another feather in New Bern's Cap

Below is an awesome article that I saw about New Bern.  Check it out.


Sunday, September 01, 2013

Learn About the recent changes to Flood Insurance

There have been some changes to the Federal flood Insurance Program that may affect you if you live in or are considering buying a home in a Flood Zone. Click the link below and continue scrolling down toward the bottom of the page to learn more.

Click Here to learn about changes to Federal Flood Insurance.





Sunday, August 18, 2013

New Bern Home Sales-Aug.12-Aug.18

Weekly Update-Home Sales for New Bern-Craven County Market

There are currently 1099 homes for sale in Craven County.

In the past week, 16 homes closed in Craven County. (week ending 8/18/13)
$65,000.00-$100,000=4 sales.   In this price range there are 172 homes for sale!
$100,001-$150,000=5 sales.   In this price range there are 235 homes for sale!
$150,001-$200,000=3 sales.   In this price range there are 260 homes for sale!
$200,001-$250,000=3 sale.   In this price range there are 160 homes for sale!
$250,000-$300,000=1 Sales.   In this price range there are 69 homes for sale! 
$300,001-$1,000,000=0 Sales. In this price range there are 203 homes for sale!  

             
Of the sales in the past week, 3 were waterfront homes. They were all low end townhomes. They sold for $85,000. $88,500, $122,000.

Of the 16 sales this past week 1 was a Bank Owned properties. 

There were no waterfront lots sold in the past week.

There were 1 interior lot sold last week.

There were 0 commercial buildings or lots sold in the past week. 

Here is how the sales this week compare to sales for the same week in prior years.

2013=16 sales
2012=23 sales
2011=22 sales
2010=18 sales
2009=21 sales

As you can see from these numbers, sales in 2013 during the past week were less than any of the previous 4 years. I am not sure why this is the case, but  I will speculate that it is because the economy is still weak in many parts of the country and unemployment remains high.


Wednesday, August 14, 2013

New Bern-Craven County Home Sales Year to Date

So, how are home sales in New Bern and Craven County year to date? Let's take a look and see. 

Jan. 1- Aug.14 2013=683. Of these 132 were Bank Owned sales.

Jan. 1- Aug.14 2012=615. Of these 71 were Bank Owned sales.

Jan. 1- Aug.14 2011=612. Of these 94 were Bank Owned sales.

Jan. 1- Aug.14 2010=651. Of these 63 were Bank Owned sales.

Jan. 1- Aug.14 2009=622. Of these 94 were Bank Owned sales.

Although the total number of home sales are up this year, they are up by almost the same number as the increase in foreclosures.

The national media reports of big increases in home sales is true in certain markets. These market are by and large areas such as Raleigh, Dallas, Austin, Denver, and some cities on the west coast. Florida, Nevada, CA., and Arizona are showing improvements but you have to remember, they had no where to go but up. Also, some of these markets were declining 1-2 years before the New Bern Market.

As I have been saying for some time, I feel like in New Bern we are at or near the bottom of the market. Don't get your real estate info from the national news, get it from my blog where I will keep you up to date with accurate local real estate news.

If you have any questions about this info or would like more info on home sales in the New Bern area visit my website  www.newbern-nc.info

Best regards,






Sunday, August 11, 2013

New Bern Home Sales-8-5-8-11

Weekly Update-Home Sales for New Bern-Craven County Market

There are currently 1094 homes for sale in Craven County.
In the past week, 11 homes closed in Craven County. (week ending 8/11/13)
$8000.00-$100,000=3 sales.   In this price range there are 167 homes for sale!
$100,001-$150,000=4 sales.   In this price range there are 231 homes for sale!
$150,001-$200,000=3 sales.   In this price range there are 269 homes for sale!
$200,001-$250,000=1 sale.   In this price range there are 163 homes for sale!
$250,000-$300,000=0 Sales.   In this price range there are 65 homes for sale! 
$300,001-$1,000,000=0 Sales. In this price range there are 193 homes for sale!               
Of the sales in the past week none were waterfront homes
Of the 11 sales this past week none were Bank Owned properties. This was a refreshing change.
There were no waterfront lots sold in the past week.
There were 0 interior lot sold last week.
There were 0 commercial,buildings or lots, sales in the past week. 
Here is how the sales this week compare to sales for the same week in prior years.
2013=13 sales
2012=19 sales
2011=16 sales
2010=13 sales
2009=13 sales

As you can see from these numbers, there are more sellers than buyers and this drives up the days on the market.