Steve Tyson’s Real Estate Update for 4 neighborhoods.

Neuse Harbour  Active homes for sale by price range Current number of homes on the market=10 Pending sales=2 Active homes for sale by price range $234,000=1 $309,000-$379,000=2 $595,000-$680,000=4 $,799,000-$979,000=3 There were 9 home that sold and closed in Neuse Harbour in the last 12 months. The most expensive house sold was $295,000.	Stately Pines Current homes on the market=6 Pending sales=1 Active homes for sale by price range $140,000-$200,000=5 $635,000=2 There were 5 homes that sold and closed in Stately Pines in the last 12 months. The most expensive house sold was $251,000.
Carolina Pines Current homes on the market=25 Pending sales=2 Active homes for sale by price range $89,000-$150,000=5 $159,000-$200,000=8 $207,000-$258,000=12 There were 17 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $279,000.	Tucker Creek Current homes on the market=10 Pending sales=3 Active homes for sale by price range $100,000-$200,000=7 $220,000-$260,000=6 There were 8 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $224,000.

Total homes sold January 1-July-29  2010=755

Total homes sold January 1- July-29  . 2011=745

Total homes sold January 1- July-29  2012=743

Total homes sold January 1- July-29  2013=838-

Note, of the 838 homes sold 188 of them were Bank Owned.

There are currently 1538 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 is definitely a buyer’s market as we currently have about 12 months worth of inventory. With that said each neighborhood and price range is unique

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.

SteveTyson55@gmail.com  

 www.NewBern-NC.Info

                                       

Home Sales for the past week in the New Bern-Craven County Market

There are currently 1097 homes for sale in Craven County.

In the past week, 19 homes closed in Craven County. 

$39,000-$100,000=4 sales.     In this price range there are 158 homes for sale!

$100,001-$150,000=6 sales.   In this price range there are 231 homes for sale!

$150,001-$200,000=6 sales.     In this price range there are 266 homes for sale!

$200,001-$255,000=2 sales.   In this price range there are 164 homes for sale!

$286,000=1                            Over $286,000 there are 225 homes for sale!

None of the sales in the past week were waterfront homes.

3 of the 19 sales this week were Bank Owned properties.

There were 0 waterfront lots sold in the past week. There was 1 interior lot sold.

There were 0 commercial lots sold in the past week.

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

2012=25 sales

2011=15 sales

2010=19 sales

2009=15 sales

It remains a buyers market in New Bern but prices seem to be Stabilizing. I believe it is a good time to buy a home as it is a buyers market. If you have any questions about the New Bern Real Estate Market send me an email. Have a great week.

New Bern Home Sales

Home Sales for the past week in the New Bern-Craven County Market

In the past week, 12 homes closed in Craven County. Of the 12 sales 3 (25%) were bank owned.
$35,000-$100,000=5 sales
$100,001-$150,000=2 sales
$150,001-$200,000=1 sale
$200,001-$250,000=4 sales
The only waterfront home that sold was in Riverbend. It was on the market for 1029 days and sold for $212,000. The tax value on this property was $292,030.

Here is how the 12 sales this week compare to sales for the same week in prior years.
2012=14 sales
2011=30 sales
2010=17 sales
2009=16 sales
There were 0 waterfront lots sold in the past week.
There were 0 commercial lots sold in the past week.

It remains a Buyer's Market in the New Bern area, however each property is unique and sales do occur every day. Great time to buy a home. Give me a call and we will find you a deal.

New Bern Home Sales in July

Home sales are up this month so far. Look how we compare to prior years.

Home Sales July 1-July 17, 2013=72
Home Sales July 1-July 17, 2012=49
Home Sales July 1-July 17, 2011=11
Home Sales July 1-July 17, 2010=57
Home Sales July 1-July 17, 2009=51

Looks like we are tracking in the right direction this month. Lets hope it continues.

4 bedroom homes for sale in New Bern

To see 4 bedroom homes for sale in New Bern click the links below

$50,000-$150,000
http://www.easternncmls.com/new/maildoc/roscoe_1373722020-Jul-13-2013-9_27_00am.html

$150,001-$250,000
http://www.easternncmls.com/new/maildoc/roscoe_1373722235-Jul-13-2013-9_30_35am.html

$250,001-$350,000
http://www.easternncmls.com/new/maildoc/roscoe_1373722355-Jul-13-2013-9_32_35am.html

Over $350,000
http://www.easternncmls.com/new/maildoc/roscoe_1373722446-Jul-13-2013-9_34_06am.html

The New Bern weekly Real Estate Report

I hope everyone had a really nice 4th of July. There were 18 homes sold from Monday, July 1 to Friday, July 7th. Below is a link to the homes that sold.
http://www.easternncmls.com/new/maildoc/roscoe_1373069707-Jul-05-2013-8_15_07pm.html

It is encouraging to see some higher end homes finally selling. So far in 2013 we have seen 64 homes over $300,000 sell. Lets see how that compares to prior years.

2012-61
2011-56
2010-57
2009-68
2008-112
2007-146
2006-171

Wow. No wonder we have seen it take so long for homes over $300,000 to sell. Looks like we have a severe lack of buyers in that price range. Also adding to the problem is the tendency for professionals to rent instead of buy, particularly if they know they will only be living here a few years. They are scared to get caught owning a home they cannot sell.

Currently there are 338 homes for sale over $300,000. At the current absorption rate it will take 5 years to sell all the homes for sale over $300,000. Of coarse all homes and neighborhoods are different, so it is possible that yours might sale in a few months.

Do you have any questions about the real estate market in New Bern? If so send me an email or check out my website at www.newbern-nc.info

Regards,