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

 Need Deep Protected Waterfront?

Check out this Dock-keep 2 boats and be in the Neuse River in 4 minutes

Located in New Bern's only gated community this home has deep water and could handle 2 large boats. Custom built by a home builder for his personal residence you will enjoy easy living and if you get tired of boating you can play golf or tennis without leaving the community.

The water is approximately 5 feet deep at the end of the dock and it only takes a few minutes to be in great sailing waters. How convenient is that? Not interested in waterfront? Maybe one of your friends are. Please pass this on to anyone that you thing might be a sailor or have a larger boat.

For more pictures and information click the link below.

Deep Protected Waterfront

Have a great weekend and for all your real estate needs go to

www.newbern-nc.info

Steve and Jana

What is my Home Worth?

What is my Home worth in New Bern NC?

Do you want the short answer? The short answer is that your home is worth what a buyer is willing to pay for it, and what you are willing to accept. OK, you already knew this, at least I hope you did. To answer your question of what your home is worth, lets start with what your home is not worth.

What your house is not Worth

• What you paid for the house.
• What you need to get for your house.
• What you want to get for your house.
• What your neighbor says your house is worth.
• What it cost to build a house like yours today.

While all of the above may be important to you, believe me, they are irrelevant to a buyer. Remember, it takes two to tango in real estate. 

Now that you know what your home is not worth lets see what the magic widget says it is worth. Click the link below and put your address in.

Magical Home Value Widget

Please note that we cannot guarantee the accuracy of the magical home value widget estimate of your home, however I have found it to be pretty accurate in the past for most homes. If you question the accuracy of the estimated value of your home send me an email with you address and I will do a comparative market analysis of your home. My email address is SteveTyson55@gmail.com

For more information on all your real estate questions go to New Bern Real Estate

As always, if you have any questions about the Real Estate Market in the New Bern area feel free to contact me. Also, if you have any friends that are interested in buying or selling Real Estate we would appreciate a referral. 

New Bern Home Sales year to date

Today is March 1, 2014, and it is time to review home sales year to date and see how we are doing. Any guesses? The data below includes home sales in all of Craven County.

2014=131 homes sold

2013=149 homes sold

2012=104 homes sold

2011=122 homes sold

2010=117 homes sold

2009=121 homes sold

2008=173 homes sold

Although home sales are down from last year most of the difference was in  new home sales.  In 2013 there were 27 compared to 17 for 2014. If you recall from one an earlier blog, my prediction for 2014 was that new home construction would decrease slightly in 2014. 

Some good news. I believe that the number of bank owned sales is a bell weather for the overall economy. Lets look at bank owned sales year to date. Again, I predicted earlier that this number will decrease for 2014. While the amount of bank owned sales has decreased, it is still way to high as a percentage of total sales. I believe the number of bank owned sales will decrease as we move on into spring and summer. I am hoping by the years end it will fall to to around 15% of total sales this year, and decrease to 12%-13% the following year.. 

2014=28 bank owned

2013=36 bank owned 

I am talking to more retirees from the North East about buying a home than I have in a long time. This is probably a result of the extreme weather the Northeast has experienced this year as well as the weak economy which caused many to delay their retirement plans for several years and now they area ready to hit the road. This is a good sign and I believe this trend will continue. If it does look for custom home construction and remodeling to pick up. Most retirees tend to want newer construction, or at least homes that are in exceptional shape. 

All in all not a bad report. Still a buyers market, but, inventory is the lowest I have seen it in many years. The home affordability index is perhaps the highest ever. The future is looking brighter. 

Please feel free to share these reports with anyone in the housing industry. 

Steve Tyson

New Bern Real Estate