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.

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,

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.

New Bern Home Sales

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

There are currently 1073 homes for sale in Craven County.

In the past week, 28 homes closed in Craven County. (week ending 8/4/13)

$8000.00-$100,000=8 sales.   In this price range there are205 homes for sale!

$100,001-$150,000=2 sales.   In this price range there are221 homes for sale!

$150,001-$200,000=7 sales.   In this price range there are264 homes for sale!

$200,001-$255,000=3 sales.   In this price range there are 160 homes for sale!

$250,000-$300,000=2 Sales.   In this price range there are 83 homes for sale! 

$300,001-$600,000=6 Sales.   In this price range there are 153 homes for sale!               

Three of the sales in the past week were waterfront homes. Keller Williams sold 2 of the 3. One was in the Historic District.

3 of the 28 sales this week were Bank Owned properties. 

There were no waterfront lots sold in the past week.

There was 1 interior lot sold last week in Carolina Colours.

There were no commercial sales in the past week.

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

2012=31 sales

2011=22 sales

2010=17 sales

2009=44 sales

Although it remains a buyers market this past week was certainly encouraging when you compared it to the past few weeks.