Saturday, May 17, 2014

New Bern Real Estate


So, How are Home Sales in New Bern and Craven County?

Let's take a look
Total Number of Home Sold through 5-15-14 in Craven County,
not including new construction, =286.

Home sales through 5-15-13 in Craven County, not including new construction, = 323.



The fact that home sales are down 11% is a little disturbing, however, I believe some of that is attributable to the bad weather we experienced this winter and I think we will make some of that up this summer.


93% of all Sales Year To Date (YTD) 2013 were under 300K.

 YTD 2013- 22 of the homes sold for over $300,000.
 YTD 2014 -22 of the homes sold for over $300,000.




IF YOU HAVE A HOME VALUED AT 300K+
IT IS A TOUGH MARKET!
We Can Help.
Call Me. My wife Jana and I have a great marketing plan and would love to share it with you. Remember, we are at Keller Williams Realty. Just ask for Steve Tyson. We certainly  appreciate recommendations to friends and family.

CALL 675-9595 or email stevetyson55@gmail.com 

Here's Some GOOD News 
 Avg. Home Prices are Slightly Up

$158,391 average in 2013
$161,667 average sell price in 2014



BACK TO REALITY! NEW CONSTRUCTION IS DOWN SIGNIFICANTLY.
That is a 20% decrease in new home sales. This does not surprise me. Some reasons new home sales may be down.

1. There are plenty of newer homes to choose from.
2. Bad weather during the first quarter.
3. And, the biggest contributing factor in my opinion is Marines are opting to rent vs. buy.

50 new homes have sold so far through 5-15-14


62 new homes sold in through 5-15-13


$188,689 was the average sales price of a new home so far in 2014

$184,211 was the average sales price in 2013, so we are slightly up on pricing.That is good news. While the number of homes sold are down, New Home sales prices are up almost 2.5%. I am sure builders welcome this news.



This Trend toward Renting Vs. Buying Opens Opportunities for Investment Buyers looking to purchase homes to hold as rentals. You can make great returns on your investments. We have one Investor client that has purchased 5 homes and he let's us manage them and he makes great money. Obviously, he would not continue to purchase more homes if the system did not work. He does not want to deal with tenants and collecting rents, so he leaves it to the professionals, us. 

IF you buy the right home in the right neighborhoods, we can  get you a good tenant. I can spot a deal when I see it, so if you have an interest in investing in real estate, let me show you how you can make a lot more money than in the stock market or by having your money sitting in a bank earning next to nothing. And, you do not have to do any of the work, we do it for you.




My Property Management Firm
252-639-0200 to reach our Broker/Manager, Penny
Make sure you tell her that Steve Tyson told you to call.


There is talk about Fannie and Freddie, loosening up the regulations on financing. If they do it will help home sales in the short term, however long term it could lead to more foreclosures which we don't need.

Speaking on foreclosures, lets see how Bank Owned sales are going this year.


1-1-14 through 5-15-14.  Bank owned homes sold=97

1-1-13 through 5-15-13.  Bank owned homes sold=129



That is a 24.8% decrease. Once again, this is in line with my prediction earlier in the year that Bank Owned sales would decrease. They just about had nowhere to go but down. My wife hates it when I am right, she begrudgingly calls me Nostradamus, but at any rate this is good news for all of us.

For all your Real Estate needs call the local Real Estate Authorities, Steve and Jana Tyson at Keller Williams Realty, or visit our website at www.newbern-nc.info










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