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. 

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,

New Bern Home Sales

The week in review

How were sales this past week?

 Slightly better than this time last year but a little slow overall. During this time of the year buyers are on vacation and it is normal for sales to be off. From Monday to Friday 6/24-6/28 there were 32 homes that closed in Craven, Pamlico, and Jones County. This market has not yet experienced the surge in home sales that are being reported by the national media. Below is a list of sales by price range.
$25,900-$100,000=6 sales
$103,500-$150,000=10 sales
$150,500-$200,000=7 sales
$200,500-$250,000=6 sales
$250,500-$300,000=1 sale
$309,900-1 sale
$385,000-1 sale

Have a great 4th and we will continue to work hard to get your home sold.

Home Sales in the New Bern Market

Home Sales Year to Date in the New Bern Area

Well the year is almost 1/2 over, so how are sales? Well, lets take a look.

Currently there are 1536 residential homes for sale in our MLS. There were 1367 homes sold in the past year so this data would suggest it is still a strong buyers market in New Bern. However, it seems to me that the Real Estate market is firming up and that home prices seem to have bottomed out. I think the worst is behind us.

I work with a lot of clients from other states and many of them are telling me the market is recovering in their area and that it is not unusual to see multiple offers on homes for sale. I hear this mainly from clients coming from larger metropolitan areas such as Raleigh and the DC areas.  The ability of these areas to create high paying jobs and along with jobs, home buyers, far exceeds our ability in rural Eastern NC. With that said, many of the larger metropolitan areas are seeing home prices rising.

To date, there have been 651 home sales in Craven, Jones and Pamlico County. This compares to 584 in 2012, 586 in 2011, 599 in 2010, and 521 in 2009. Looks like we are heading in the right direction for the most part, however, we need to factor in Bank Owned sales.

 Bank Owned sales from January 1-June 23.
2009=38
2010=69
2011=127
2012=108
2013=155

I read in USA today that banks were unloading more homes that were in default because they they believe they can get more for their money now than perhaps they could have 6 months ago and therefore were not so quick to start the foreclosure proceedings on delinquent loans. What ever the reason, these Bank Owned properties are competing with other homes and help keep prices from rising. Until they cycle through the system and we get back to normal number of foreclosures it will be tough for home prices to rise.

To sell your property you need a Top Agent that can give you the competitive advantage. This is not a market to pick your best friends cousin to represent you.

Fantastic buy in New Bern

Help Wanted!!!!! We have a 4 bedroom home listed for $165,000 in Brices Crossing and I need your help selling it. Fantastic home and a great buy. Creekside Elementary School. 15 minutes from Cherry Point and 12 minutes from downtown New Bern.