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Old 08-01-2010, 01:28 PM
 
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Quote:
Originally Posted by LLN View Post
I'd wait for a CAT III or CAT IV to come ashore, then prices will really fall. Hope that doesn't happen, but that will knock prices down. Fast. Seen it before.

Unfortunately, you will eat some of that reduction in ever increasing insurance...if you can get it.
So if a CAT III or greater comes in and causes damage and folks just walk away you are suggesting people come in buy and foot the bill for the repairs? Or will the owners repair and then decide to sell at a loss? Or will they decide that if they repair they aren't going anywhere. Or if their houses are not really damaged they will want to sell even lower because? Perhaps prices haven't fallen because people don't want to sell because they can afford their homes and love living there.
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Old 08-01-2010, 03:32 PM
 
Location: NC
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I think that was simply an acknowledgement of the fact that real estate prices are negatively affected in the wake of any natural disaster. If a hurricane hits the coast of North Carolina prices will decline. It's a simple supply and demand inevitability. Water front homes in the gulf coast states are certainly selling for less than they were prior to the oil spill. It's the same concept.
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Old 08-01-2010, 08:46 PM
 
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Quote:
Originally Posted by CarolinaAppraiser View Post
I think that was simply an acknowledgement of the fact that real estate prices are negatively affected in the wake of any natural disaster. If a hurricane hits the coast of North Carolina prices will decline. It's a simple supply and demand inevitability. Water front homes in the gulf coast states are certainly selling for less than they were prior to the oil spill. It's the same concept.
The oil spill will have a much longer term impact and are there people wanting to buy oil tainted property? Correct me if I am wrong but it is the land that is a problem and not oily houses. Hurricanes damage houses. My point is that yes people on Holden if there homes are badly damaged might want to sell but for most people will that be their idea of a beach home? Are the homes on Holden Beach investment properties most of the year and rented out or are they the personal homes of folks who rarely rent? If one of four are for sale and prices are holding is a cat 3/4 going to make the others want to sell. If damaged will those already on the market lower the price and will folks buy if damaged?
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Old 05-24-2012, 08:29 AM
 
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Quote:
Originally Posted by seashellbelle View Post
Unless you purchase something in foreclosure, you will unlikely find a home under $300,000 on HB. Prices there are remaining steady, due to it's desirability, location to the coast, and Sellers just aren't in a hurry to reduce their price, and many don't have to. This is a good thing for homeowners as they are seeing their property values remain steady and resilient, it can be frustrating for Buyers. If you go a little further inland, you should find something in your price range.
You may find something more affordable on OI. Have you been using a Realtor to assist you? Rather than driving up and down the streets, with no representation from an agent, I'm afraid you are just wasting gas and spinning your wheels.
If anything I predict pricing to go up in 2010, so this year will probably be the best to purchase, as interest rates are very low, but they too are starting to creep up.
If I can be of any assistance with your questions, please feel free to DM, I have assisted many navigate the daunting task of finding a place at the beach.
i went to holden beach on the map and found some homes under 125,000. I did see an ad for Holden Beach retirement condos, but there are places close by for less.

What is the average age of the residents of the area?
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Old 05-24-2012, 09:54 AM
 
Location: Blue Ridge Mtns of NC
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Quote:
Originally Posted by schil View Post
i went to holden beach on the map and found some homes under 125,000. I did see an ad for Holden Beach retirement condos, but there are places close by for less.

What is the average age of the residents of the area?
The Census says the median age of Holden Beach residents is 62.1.
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Old 05-25-2012, 03:29 AM
 
111 posts, read 207,482 times
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Great thread from 2010....

Got to love all the experts who predicted 2010 would be the turnaround year for real estate and Holden Beach would be insulated from the debacle.

Ron W.
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Old 05-28-2012, 04:39 AM
 
Location: Greenville, NC
2,078 posts, read 5,050,087 times
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My prediction is houses will fluctuate in value, maybe even drop a bit through the end of 2013. At some point interest rates will have to go up and then you will have a further drop in RE prices. If people can't/won't buy at sub 4% rates what will happen when rates rise to where they should be, say around 9 to 10 percent? The Federal Reserve cannot artificially suppress rates forever.
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