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Old 02-03-2015, 01:30 PM
Location: Morehead City, NC
1,676 posts, read 5,357,669 times
Reputation: 1244


My wife owns a real estate agency in Morehead City. They publish market reports on a regular basis covering the Crystal Coast area. Below is an except from the report released yesterday. I did not provide the entire report or provide a link so as not to infringe upon CD rules.

"Some of the most notable features of this market come in active listings and price point. Approximately 75 percent of all home sales (not condo or townhouse) are at $250k and under. But this is a unique market with beautiful and sometimes expensive oceanfront properties as well as very affordable inland neighborhoods. Consequently we have a disparity between what price range sells best. For example, the two hottest housing markets are Emerald Isle and Newport. Both represent 12 percent of all sales (24 percent in all). But the average sold prices are quite different. Emerald isle is averaging at $447K while Newport is two thirds less at $144K.

Another very good feature about our market is that the active inventory, (the number of homes for sale) is at the lowest it has been for almost 10 years. Currently there are 1,615 homes on market for sale. In January of 2006 there were only 1,064. Conversely in January of 2010 we had 2,472 homes trying to be sold!"
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