Tuesday, March 24, 2015

This Friday on All about Craven we have a very exciting lineup for you.
The Taxman cometh. Craven County Tax Assessor Ron Antry will talk about the upcoming property tax revaluation.
Then superstar inventor Ron Pontiff will tell us how easy, or not, it is to patent your ideas and inventions.
Also the “sage of sports” Lee Moore will give us his predictions on the NCAA tournament and the Masters.
Check it out Friday 8-9 A.M. CTV10

Sunday, March 22, 2015

New Bern Historic Homes for sale

Historic Homes for Sale in downtown New Bern

Seems like everyone wants to live in historic downtown New Bern these days. And no doubt, it is quite nice to be able to walk to a coffee house, restaurants, church, live entertainment, the library, and much more. Why would you not want to live downtown?

The photo below shows most of the downtown historic district. The Neuse  and Trent Rivers are accessible via Union Point Park and city sidewalks connect most of the historic district including the waterways.

Not show in the photo above are 3 marinas with deep water that are within walking distance of downtown. Works perfect for power boaters and sailors. Below is a photo of the marina located behind the Double Tree Hotel.

For a list of current homes for sale in the downtown New Bern historic district click the link below.

New Bern Historic Homes for sale

Let us know how we can be of assistance. Steve was born and raised in New Bern and knows the area well. We are here to help.

And for all of your real estate needs go to

Sunday, March 08, 2015

New Bern Home Sales-2015 year to date

Has the crazy weather put a damper on housing sales in New Bern? 

Let's take a look

Home sales-January 1-February 28 2015
Total sales=160
Average sales price=$157,553
Average days on Market=193
Bank owned sales=57-"Ouch" Way to many

Home sales-January 1-February 28 2014
Total sales=139
Average sales price=$160,284
Average days on Market=185
Bank owned sales=36

Total sales up almost 13%  year to date. However, if you extract Bank Owned sales, the remaining home sales were actually down slightly. That concerns me. Is the "shadow inventory" of bank owned homes now being pushed through the pipeline and into the market? Some experts have predicted that banks were holding back their foreclosure inventory to release incrementally. This  is where the term "shadow inventory" comes from. I called a couple of Realtors I know that specialize in listing bank owned properties. They told me "No", they were not seeing a rush by banks to unload a bunch of properties. At any rate, we will be watching this number closely.

The charts below demonstrate that it is still a buyers market in Craven County. In my opinion there are some dynamics taking place right now that will change this, but it will not happen overnight. 

Click On Photos to Enlarge

Current Absorption Rates by Neighborhood

Below is a chart showing home sales in Craven County for the last 2 years. Sale, month to month have remained pretty consistent.

Did you know the home affordability index is incredibly high right now? Interest rates are low, under 4% and home prices are reasonable,  I remember trying to sell homes when mortgage rates were over 17%. It is a great time to buy a home, if you plan on living in it for more than a few years. Two years or less, think I would rent.

For all of your Real Estate needs go to www.newbern-nc.info

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Have a Great Day,
Steve and Jana J.