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Old 10-05-2007, 07:32 PM
 
137 posts, read 523,998 times
Reputation: 68

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Does anyone know what home prices are doing right now in Brunswick County and around the Shallote area? In some parts of the US the prices are falling somewhat and homes are staying on the market for months without an offer. Looking for local knowledge for Brunswick county. I'm planning on putting my house up for sale next spring and make the move to the Shallotte area after the sale. Also I subscribe to the Beacon newspaper and have seen the "notice of forclosure sale" section increasing, as well as the regular real estate listings section getting bigger so something is going on. I know if you talk to a realtor, everything is just fine and dandy. Just need the real scoop on what's going on.

Thanks,
Brad
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Old 10-05-2007, 09:25 PM
 
2,784 posts, read 7,338,065 times
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Brad,
From a remote, but very interested real estate watcher, Brunswick Co. property prices are pretty diverse. There is quite a bit of development going on down there, new gated neighbourhoods are being developed all over the area. These developments vary greatly in price depending on the amenities and proximity to the water. They can get pretty pricey!

There are also the folks who discovered this area many years ago and have been living there, relatively unaffected until recently.
The influx of people, into these new developments, has necessitated infrastructure improvements that have raised taxes significantly.
This might explain the number of forclosures you are seeing.
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Old 10-06-2007, 04:06 AM
 
6 posts, read 32,478 times
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Default Shallotte NC 2007 Real Estate Analysis

This web page shows statistical information for the 2007 Shallotte NC real estate market: Shallotte NC 2007 Real Estate Analysis
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Old 10-06-2007, 06:56 AM
 
Location: Woodlynne NJ
219 posts, read 789,162 times
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Quote:
Originally Posted by Marylandsailor View Post
Does anyone know what home prices are doing right now in Brunswick County and around the Shallote area? In some parts of the US the prices are falling somewhat and homes are staying on the market for months without an offer. Looking for local knowledge for Brunswick county. I'm planning on putting my house up for sale next spring and make the move to the Shallotte area after the sale. Also I subscribe to the Beacon newspaper and have seen the "notice of forclosure sale" section increasing, as well as the regular real estate listings section getting bigger so something is going on. I know if you talk to a realtor, everything is just fine and dandy. Just need the real scoop on what's going on.

Thanks,
Brad
Sailor,
Like JJ said.............you can whatever your wallet can afford. You will find really nice places from 120k then work upward to a million for land.
Judy and I did a lot of searching on HomeGain.com. Lots of searching.
We are still waiting to sell this place and move to the place we have a deposit on. So just don't try and grab our place in Shallotte.
Only kidding.
You might want to try contacting a real estate agent in the area. They can email available homes to you. AND, there are plenty now what with the market the way it is.
Best of luck
Dennis
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Old 10-06-2007, 09:00 AM
 
2,784 posts, read 7,338,065 times
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ncbeaches- Great article, sure explains the hike in our Brunswick Co. property taxes!
Thank you!
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Old 10-08-2007, 09:21 AM
 
Location: Somewhere Else
15 posts, read 59,204 times
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I'm trying to sell a brand new town house in Shallotte, on a golf course, and have steadily dropped the sale price. This home has been on the market for 1 year.
No sale signs allowed in the community. So unless you look in the paper or get there through the agent it isn't even known that the house is for sale.
I'll sell it to you for a great price!
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Old 10-08-2007, 06:35 PM
 
137 posts, read 523,998 times
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Thanks for the offer Karmarun, since i don't play golf and don't want a condo, I'll pass. Just to know, by what percentage did you drop the price and why do you think it's not selling?
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Old 10-14-2007, 05:50 PM
 
137 posts, read 523,998 times
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Any other info on real estate prices recently?
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Old 10-15-2007, 09:45 AM
 
36,936 posts, read 16,117,008 times
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Got back from Calabash last week, started moving my things in on new house. As I spoke with my builder/realtor and asked how the market was doing, his response was "what market?".

I was surprised upon looking at the Real Estate ads both in the newspaper and the Homes type magazines, I saw very few advertised as "Price reduced".

I woukld think that if it is a really bad market, you would see more price reduction ads.

We have plenty here in Annapolis, Maryland.

I think the prices have started to fall but, have not yet reached the drastically falling point.
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Old 10-15-2007, 10:51 AM
 
Location: Morehead City, NC
1,676 posts, read 5,358,270 times
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There is a train of thought that you never show a property as, "reduced". It stigmatizes the property. It becomes difficult to reverse the lowering trend once the word is out.
Bill
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