Home sales in Pamlico County

Good news. Pamlico County home sales are up. Below are home sales in Pamlico County for the past few years. As you can see they are heading in the right direction.

9-27-12 through 9-26-13=112 homes sold

9-27-11 through 9-26-12=93 homes sold

9-27-10 through 9-26-11=86 homes sold

9-27-09 through 9-26-10=74 homes sold

9-27-08 through 9-26-09=66 homes sold

Not really sure why sales are up. However I will speculate that because Pamlico was hit harder than Craven in the housing bubble, perhaps their rebound is a little more lively than ours. Whatever the reason, sales are rising.

www.newbern-nc.info

New Bern Home Sales

Neuse Harbour Active homes for sale by price range=9 Pending sales=2 Active homes for sale by price range $200,000-$234,000=2 $309,000-$369,000=2 $550,000-$699,000=2 $,799,000-$979,000=3 There were 5 home that sold and closed in Neuse Harbour in the last 12 months. The most expensive house sold was $383,150.	Stately Pines Current homes on the market=5 Pending sales=5 Active homes for sale by price range $140,000-$200,000=4 $635,000=1 There were 5 homes that sold and closed in Stately Pines in the last 5 months. The most expensive house sold was $601,000.
Carolina Pines Current homes on the market=21 Pending sales=5 Active homes for sale by price range $100,000-$150,000=5 $159,000-$200,000=7 $207,000-$240,000=9 There were 16 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $290,000.	Tucker Creek Current homes on the market=10 Pending sales=6 Active homes for sale by price range $154,000-$200,000=5 $220,000-$260,000=5 There were 10 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $224,000.

Home Sales to date by year.

Total homes sold January 1-Sept 22- 2010=924

Total homes sold January 1- Sept 22- 2011=915

Total homes sold January 1- Sept 22-2012=953

Total homes sold January 1- Sept 22-2013=1103

Note, of the 1103 homes sold this year, 241 of them were Bank Owned.

There are currently 1505 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 remains a buyer’s market as we currently have about 12 months worth of inventory. With that said, each neighborhood and price range is unique and your could be better or worse than the overall market.

    www.NewBern-NC.Info

Some Good News for the Real Estate Industry

Realty Trac is a private company that tracks foreclosures across the country. I have been following them for years and trust their data. They recently announced that foreclosure filings in August hit its lowest level in eight years. Also, according to Realty Trac underwater mortgages, those who owe more on their mortgage loans than their homes are worth, is declining. This is certainly a positive sign for the housing industry. 

August's initial foreclosure filings fell 44% to 55,575, just below the 56,063 that were recorded in October 2005. The foreclosure crunch began in summer 2006, at about the same time that housing prices hit their peak. We are still seeing quite a few foreclosures in the New Bern market although I believe the number may be decreasing. 

Nationally, the peak in foreclosures was September, 2010. However, even though the number of foreclosure filings is falling, we will continue to see high levels of bank owned homes for sale for several years. The reason. There can be a 1 to 2 year lag between when foreclosure filings occur and when the bank actually takes back ownership.

The state with the highest rate of foreclosure filings was Nevada, with one for every 359 homes. 

In Florida, one of every 383 homes had some kind of filing, the second highest rate among states. Ohio, Delaware and Maryland filled out the top five.

If you have any questions give me a call.

New Bern Real Estate News

New Bern Weekly Home Sales Report

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

There are currently 1056 homes for sale in Craven County.

In the past week, 15 homes closed in Craven County. (week ending 9/8/13)

$24,000.00-$100,000=5 sales.   In this price range there are 160 homes for sale!

$100,001-$150,000=2 sales.   In this price range there are 229 homes for sale!

$150,001-$200,000=3 sales.   In this price range there are 256 homes for sale!

$200,001-$250,000=5 sale.   In this price range there are 149 homes for sale!

            

Of the sales in the past week, 1 was a waterfront home. It closed for $185,000. 

Of the 23 sales this past week 1 was a Bank Owned property. There are currently 45 Bank Owned properties for sale in Craven County.

There was 0 waterfront lots sold in the past week. 

There were 3 interior lots sold last week. They were all in Fairfield Harbour and the highest priced was $2,500.00. 

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=15 sales

2012=14 sales

2011=20 sales

2010=17 sales

2009=23 sales

Another feather in New Bern's Cap

Below is an awesome article that I saw about New Bern.  Check it out.

http://www.frontdoor.com/places/what-its-like-to-live-in-new-bern-nc

Learn About the recent changes to Flood Insurance

There have been some changes to the Federal flood Insurance Program that may affect you if you live in or are considering buying a home in a Flood Zone. Click the link below and continue scrolling down toward the bottom of the page to learn more.

Click Here to learn about changes to Federal Flood Insurance.

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.