New Bern NC

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

TO SEE HOMES FROM 500k-750k

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RIVERTOWNERENTALS.INFO OR 252-638-6868

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

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