How are waterfront homes sales in the New Bern area?

So, how are waterfront home sales in the New Bern?

So far, 6-26-2014, there have been 43 waterfront home sales in the New Bern area market. The average sales price as $336,549. Let's compare this to the 2 previous years.

2013=49 sales at an average sales price of $298,675

2012=37 sales at an average sales price of $303,000

The important thing to note here is that average sales price for a waterfront home is up by 13%. This is great news for sellers, not so much for buyers. The fact that sales volume is down a little is not surprising as many of the bank owned and other great buys have already been sold and therefore inventory is down.

Below is a link to waterfront homes for sale. This is a dynamic link and will continue to update, so if you save this to your favorites you can continue to search for waterfront.

Click Here for Waterfront Listings

And remember, Steve and Jana live on the water and are boaters. They know the waterways in the New Bern area and are happy to answer any questions you may have.

New Bern Real Estate

So, How are Home Sales in New Bern and Craven County?

Let's take a look
Total Number of Home Sold through 5-15-14 in Craven County,
not including new construction, =286.

Home sales through 5-15-13 in Craven County, not including new construction, = 323.

The fact that home sales are down 11% is a little disturbing, however, I believe some of that is attributable to the bad weather we experienced this winter and I think we will make some of that up this summer.

93% of all Sales Year To Date (YTD) 2013 were under 300K.

 YTD 2013- 22 of the homes sold for over $300,000.

 YTD 2014 -22 of the homes sold for over $300,000.

IF YOU HAVE A HOME VALUED AT 300K+
IT IS A TOUGH MARKET!

We Can Help.

Call Me. My wife Jana and I have a great marketing plan and would love to share it with you. Remember, we are at Keller Williams Realty. Just ask for Steve Tyson. We certainly  appreciate recommendations to friends and family.

CALL 675-9595 or email stevetyson55@gmail.com 

Here's Some GOOD News 
 Avg. Home Prices are Slightly Up

$158,391 average in 2013
$161,667 average sell price in 2014

BACK TO REALITY! NEW CONSTRUCTION IS DOWN SIGNIFICANTLY.
That is a 20% decrease in new home sales. This does not surprise me. Some reasons new home sales may be down.

1. There are plenty of newer homes to choose from.
2. Bad weather during the first quarter.
3. And, the biggest contributing factor in my opinion is Marines are opting to rent vs. buy.

50 new homes have sold so far through 5-15-14

62 new homes sold in through 5-15-13

$188,689 was the average sales price of a new home so far in 2014

$184,211 was the average sales price in 2013, so we are slightly up on pricing.That is good news. While the number of homes sold are down, New Home sales prices are up almost 2.5%. I am sure builders welcome this news.

This Trend toward Renting Vs. Buying Opens Opportunities for Investment Buyers looking to purchase homes to hold as rentals. You can make great returns on your investments. We have one Investor client that has purchased 5 homes and he let's us manage them and he makes great money. Obviously, he would not continue to purchase more homes if the system did not work. He does not want to deal with tenants and collecting rents, so he leaves it to the professionals, us. 

IF you buy the right home in the right neighborhoods, we can  get you a good tenant. I can spot a deal when I see it, so if you have an interest in investing in real estate, let me show you how you can make a lot more money than in the stock market or by having your money sitting in a bank earning next to nothing. And, you do not have to do any of the work, we do it for you.

My Property Management Firm

252-639-0200 to reach our Broker/Manager, Penny

Make sure you tell her that Steve Tyson told you to call.

There is talk about Fannie and Freddie, loosening up the regulations on financing. If they do it will help home sales in the short term, however long term it could lead to more foreclosures which we don't need.

Speaking on foreclosures, lets see how Bank Owned sales are going this year.

1-1-14 through 5-15-14.  Bank owned homes sold=97

1-1-13 through 5-15-13.  Bank owned homes sold=129


That is a 24.8% decrease. Once again, this is in line with my prediction earlier in the year that Bank Owned sales would decrease. They just about had nowhere to go but down. My wife hates it when I am right, she begrudgingly calls me Nostradamus, but at any rate this is good news for all of us.

For all your Real Estate needs call the local Real Estate Authorities, Steve and Jana Tyson at Keller Williams Realty, or visit our website at www.newbern-nc.info

Historic Homes for sale in New Bern

Historic Homes For Sale in New Bern

I was recently showing some historic homes for sale in downtown New Bern as well as historic Riverside and thought I would share what I consider the top 4 for sale.. The links below will give let you see photos and information about these very unique homes for sale. If you have any interest or would like additional information please give me a call at 252 514 9157 or send me an email at stevetyson55@gmail.com

The first home is located on Queen Street in historic downtown New Bern. We have been getting a lot of interest in this home as it is the best value in the downtown area. Click the link below to view the listing sheet on this home.

Downtown New Bern

The next home is located on National Avenue in historic Riverside. The Riverside community was the first real subdivision located outside of the downtown area. The first homes were built in this area  around 1890. Most of the homes were built from 1910-1935. Riverside is only a mile or so from the downtown area and homes here are quite affordable. Many of the homes are in need of renovation, however the 3 shown in the link below are in move in ready condition. The heavy lifting has already been done. 

Historic Riverside

For all your Real estate needs check out our website at www.newbern-nc.info

Have a great day

  

Hardee Farms

Hardee Farms is the best selling neighborhood in the New Bern area right now. with a great location, great school system, and a wide array of new homes to choose from it is easy to understand why.

Conveniently located about 15 minutes from Cherry Point and 12 minutes from New Bern Hardee Farms is hard to beat for location. And, as a bonus for young families with children Creekside Elementary School and Creekside Park are just a few minutes away. For more information on Creekside School and Creekside Park click the links below.

Creekside Elementary School

Creekside Park

There is a home for everyone at Hardee Farms

Home sizes range from  1600 square foot, 3 bedroom 2 bath starter homes to a 3000 square foot 5 bedroom 3 bath for the growing family.

The builder make it very easy for you to buy a home in Hardee Farms. Closing cost, and buyer incentives are very generous. When you combine price, location, and incentives I believe you will find Hardee Farms impossible to beat. 

To view all homes for sale in Hardee Farms click the link below. Please call me at 252 514 9157, or send an email stevetyson55@gmail.com if you have any questions about Hardee Farms or would like to schledule an appointment to view homes here.

Hardee Farms Homes for sale

Affordable WATERFRONT lots in New Bern

Affordable Waterfront in New Bern

Impossible you say. Well here it is.

We have just listed 2 side by side waterfront lots  in New Bern and and if you act quickly one or both could be yours.. One is listed for $95,000 and the other is listed at $105,000. Buy now, builds later if you like. No time restriction.

Less than 2 miles by car or bike from Historic Downtown New Bern, shopping, restaurants, and parks these waterfront lots are perhaps the best waterfront deals anywhere near the center of town. Go green, ride your bike to downtown New Bern and eat at one of  the 11 restaurants. 

The water is approximately 3' deep 20 feet from the shore and to get a dock permit in North Carolina usually takes less than 1 month. 

By water you are about 2 miles, traveling South, from the downtown marinas. Go north several miles and you will be great kayak country as much of this part of the river has heavily wooded banks and does not have a lot of boat traffic.

Click the link below for more information on these lots and call me today if you are serious about buying waterfront property in New Bern. Please, Serious calls only 252 514 9157.

New Bern Waterfront lots for sale

To search all properties for sale in the New Bern area Click the link below

Search homes for sale in New Bern

And remember folks, for all your Real Estate needs, call the New Bern's number 1 real estate team, The Tyson Group.

The New Bern Real Estate Market year to date

New Bern Home Sales for the 1st Quarter
Tyson Group Realtors-Steve & Jana J.

Let’s take a look at home sales in New Bern, Craven County during the first quarter and compare that with home sales from the last 4 years.  January 1-March 31.

  2014=210 

 2013=234

 2012=201

 2011=215

It looks like we are down about 10% from last year but up a little from 2012. I am not concerned that home sales were down from last year because I believe the bad winter we experienced could account for most or even all of that. Trust me, people do not like to look for a house in freezing weather. On the positive side, the average sales price was up and average days on the market was down.

Find Out What Your Home is Worth and How Long it Should Take to Sell.

We will gladly email you a complimentary Home Value analysis. Simply contact us at stevetyson55@gmail.com.

Click here to go to Tyson Group Realtor’s Facebook Page

Please Log On and “Like” Us and while you are there you can use our convenient Home Value App

Now lets see how many of the total sales were Bank Owned during the first quarter.

I like the fact that this number has declined, however, as you can see, we are not out of the woods yet. In an earlier blog I predicted that bank owned sales would be down this year. My prediction was based on the fact that bank owned sales were so high last year they had nowhere to go but down. Before the housing meltdown, a 5% foreclosure rate was considered high,  To see significant improvement in the real estate market I believe we will have to get back to that number again. We have a long way to go as the number of foreclosures have been as high as 23% of total home sales in recent years. But. we are moving in the right direction.

CLICK For a list of Foreclosed Homes 

How are New Home Sales?

 

New home sales are down year to date. This is not a surprise to me as I predicted new home sales would be down a little this year. Look for new home sales to pick up a little later in the year. Why? I am starting to work with more retirees asking about building instead of buying an existing home. 

They are building a new product in Carolina Colours and are marketing it for around $200,000. This is a great deal to be in a quality golfing community. I believe this product will be very attractive to retirees who in recent years are looking for smaller, newer, homes in the $200,000-$225,000 range. I hear a lot of good things about Carolina Colours from the residents there and believe things are looking bright there.

 To See New Homes/New Construction Available for Sale

OK, lets sum up the 1st quarter home sales. Not bad, still not where we all would like to see it. At least it is not heading downward like it did for some years. We are seeing more retirees than we have seen in the last 7 years and they are coming from a much more diverse geography than before. New Bern is certainly on the radar as a  retirement destination as there have been many articles written about New Bern in retirement and boating magazines. The local economy seems to be plugging along and we are starting to see National Chains moving into the area as with the recent announcement of the upcoming Panera Pread and Chipolte Grill to be located in front of Books a Million.

We encourage you to  Download
The Tyson Group’s Super Handy Real Estate App which allows you to have a map-based search that pulls up property details when you drive up to a home for sale. Scan the code below and/or Text
KW2HMCM8Q to 87778 to download the App.

If you have any questions about the real estate market or home values, please contact Steve Tyson at 252-514-9157. And, if you want to browse real estate in this area utilizing a system that is directly linked to our local MLS. Go to our site www.TysonGroup.Info where you can set up an account to receive property alerts as new homes come on the market. Thius is a great toold for buying and it can be used by sellers to watch the market and compare the value of their homes.

Until Next Time,

Steve Tyson

Now this is a unique waterfront home in New Bern that you must see.

The Waterfront home for sale in New Bern you must see.

This is one of my all time favorite waterfront homes in the New Bern area. Located in the quiet community of Riverbend this home has deep and protected water for larger boats if needed. From your private dock you can be on the beautiful Trent River in 5 minutes. 

This home underwent an extensive renovation in 2008 and it feels like it is a new home. Upstairs has magnificent views of the water, almost seems like you can touch the water. Look how wide open and fresh this home looks.

The dining room, shown in the photo above, looks like it is suspended in mid air and has wide open water views. 

This is the living room. Directly above is the dining room. Both have great waterfront views.

The back yard offers plenty of privacy for cooking out or relaxing in the hot tub which stays with the house. Jump into your kayak and take an afternoon trip. Lots of wildlife in the area.

Even has your own work out room with water views.

You only live once. You have worked hard so why not get the waterfront home you have always dreamed of? Almost 3/4 acre of pure waterfront delight.

Latest absorption rates for neighborhoods in the New Bern area

The chart above shows absorption rates for various neighborhoods in the New Bern area for the past 6 months. Although it is still a Buyers Market, absorption rates are improving and this is a positive sign. A 6 month absorption rate indicates a balanced market, 4 months and under indicate a sellers market. 

If you have any questions about your neighborhood give me a call. For all your real estate needs go to 

www.newbern-nc.info

New Bern number 1-Really?

New Bern is number 1

Click the link below to and make sure you go to page 3. Hard to believe but great news.

http://247wallst.com/special-report/2014/03/20/nine-cities-where-wealth-is-soaring/3/

New Bern Home Sales for 3-10 through 3-16 2014

Here is how home sales went for all of Craven County during the past week.

Total home sales=16

Home sales by price

$80,000-$100,000=2

$107,000-$150,000=6

$151,000-$200,000=6

$354,000=1

$430,000=1

Same time frame in 2013=24

Same time frame in 2012=16

Same time frame in 2011=20

Same time frame in 2010=20

Although sales were down as compared to past years at this point I am not concerned and I am confident 2014 will be up for the year.

For all your Real Estate Needs go to WWW.NEWBERN-NC.INFO