Tuesday, August 12, 2014

 Home Sales in New Bern Year-to-Date August 2014



How are home sales so far this year? Let's take a look at closed homes through 8-9-14 in Craven County and
compare to the past 2 years.

2014
$0-$100,000=150 sold There are currently 242 homes for sale in this price-range. This is about 12 months of inventory.

$100,001-$200,000=331 sold There are currently 477 homes for sale in this price-range. This is about 10 months of inventory.

$200,001-$300,000=125  sold There are currently 203 homes for sale in this price-range. This=12 months of inventory.

$300,001-$500,000=45 sold There are currently 119 homes for sale in this price-range. This is about 19 months of inventory.

Over $500,000=9 sold There are currently 61 homes for sale in this price-range. This is about 52 months of inventory. 

2013
$0-$100,000=184 vs 150 for 2014
100,001-$200,000=321  vs 331
$200,001-$300,000=127 vs 125
$300,001-$500000=39  vs 45
Over $500,000=12 vs 9

2012
$0-$100,000=112 vs 150
$100,001-$200,000=327 vs 331
$200,001-$300,000=117 vs 125
$300,001-$500000=45 vs 45
Over $500,000=8 vs 9

The under $100,000 sales are down but I have been expecting that as bank owned sales and foreclosures are down. Many of the sales in this range were and still are forelosures.

$100,000-$200000 sales are up by a small amount, not enough to affect prices at this time, but better than nothing.

$200000-$300000 sales are down by just about flat, I would rather see it up, but nothing earth shattering.

$300000-$500000 sales up, not by a big margin and still good news.

$500000 and over sales are down by 25%. What I believe is going on here is that buyers in this range are hesitant to buy.  High end home values were hit the hardest in the housing recession. Some buyrs are opting to rent or buy in a lower price ranges. 

WHAT DOES THIS MEAN, FOR THE HIGHER END PRICE-RANGES? IT IS A STRONG BUYER'S MARKET. IF YOU OR ANYONE YOU KNOW IS LOOKING FOR A HOME OVER 500K, TELL THEM TO CALL ME TODAY. THERE ARE A LOT OF MOTIVATED SELLERS IN THIS RANGE AND I KNOW WHICH HOMES ARE EXCEPTIONAL DEALS! CALL 252-675-9595 OR 252-514-9157


If you know anyone that owns a high-end home they need to sell, we are uniquely qualified to help them. Not all agents are the same. Sellers frequently make the costly mistake of choosing their agent because the agent is a friend, neighbor, or fellow church member. And, sometimes they select their agent because their children 
are friends with the agent's children. 

If you were ill, would select a doctor based on that criteria?

Buying and Selling real estate is a MAJOR BUSINESS DECISION.Buyers and sellers need honest, informed, and experienced agents.
They need an agent that will tell them the truth,
even if it is not what they want to hear.


WHEN YOU HIRE THE TYSON GROUP
Steve and Jana J.
YOU GET THE FACTS-GOOD, BAD OR UGLY!

MAYBE SELLING IS NOT THE BEST OPTION.
RIVERTOWNE  RENTALS offers focused management for all price ranges and Specializes in Upscale Home Property Management.
If you know someone that does not want to sell for today's prices, have them give us a call.  They might be surprised at how much income we can get them! We manage several properties with rental proceeds over $2000 monthly and even a few over $3000 monthly. Call Us!
RIVERTOWNERENTALS.INFO OR 252-638-6868


For all your real estate needs go to New Bern Real EstateIf you have any questions about the market in the New Bern area give us a call. 

WE DEFINITELY BELIEVE YOU WILL ENJOY THIS HANDY APP. 

DOWNLOAD IT ON YOUR SMART PHONE, ACCEPT THE TERMS OF USE.
 ANYTIME YOU WANT PHOTOS AND INFO ABOUT AREA HOMES, OPEN THE APP AND CLICK "NEARBY HOMES". THE APP RECOGNIZES YOUR LOCATION, SO IF YOU ARE SITTING IN FRONT OF A HOME THAT IS FOR SALE OR RENT,  YOU HAVE THE DATA  IN THE PALM OF YOUR HANDS.







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