Housing prices (Greenville, Winterville, Ayden: short sales, real estate, foreclosures)

[Cinciguy]

Is there reason for a sudden drop in housing prices around Calabash/ Sunset beach area?

[goldenage1]

Originally Posted by Cinciguy

Is there reason for a sudden drop in housing prices around Calabash/ Sunset beach area?

Where did you get the statistic? What period does it cover? We need more information.

I could speculate that it's related to a few golf course closings or sales, but Carolina Shores has been closed for years.

[jerseyj]

Originally Posted by Cinciguy

Is there reason for a sudden drop in housing prices around Calabash/ Sunset beach area?

I haven't seen a sudden drop in prices, I have watched a continuous drop over the past 6 years.
We've pretty much been in a DEEP recession. A lot of folks who were moving to the coast (or hoping to do so) have experienced financial setbacks and loss of perceived equity in their current homes. Many people bought property at the height of the market. Their property is not worth what they paid for it.

Goldenage1- Calabash Golf Links closed in '05 (I think). Carolina Shores is alive and maybe not so well but still operational. Love your posts btw, thank you

[Bill Hitchcock]

Housing prices and sales have been pretty consistent since about 2008. Consistently poor. But-There are incidents of extremely good deals for the buyer. For example-First quarter in the Crystal Coast market saw approx. 25% of all home sales were short sales/foreclosures. To parallel that-approx. 25% of all sales were cash.
The market is not good for sellers. But for the buyer there are pockets of wow! But you have to be financially able to act quickly when these opportunities present themselves.

[Cinciguy]

Thanks everyone for replying. My wife and I have been visiting area on and off and considering either becoming snow-birds or buying a small place. The question always is: condo with fees or small house. We tend to like idea of small house better since my wife does not like excessive noise coming from vacationers next door who happened staying late, partying after few rounds of golf.
The problems I see with owning house – who would keep eye on it while we gone and cut grass, etc.
Thanks again for answering.

[jerseyj]

Originally Posted by Cinciguy

Thanks everyone for replying. My wife and I have been visiting area on and off and considering either becoming snow-birds or buying a small place. The question always is: condo with fees or small house. We tend to like idea of small house better since my wife does not like excessive noise coming from vacationers next door who happened staying late, partying after few rounds of golf.
The problems I see with owning house – who would keep eye on it while we gone and cut grass, etc.
Thanks again for answering.

You could contract with a Landscape Co. to take care of the exterior. Something local like this- Home

And talk to a real estate management company to see if they would check in on it from time to time.

[Richard Martin]

Originally Posted by jerseyj

You could contract with a Landscape Co. to take care of the exterior. Something local like this- Home

Any landscaping company worth hiring will use their own photos instead of stock photos downloaded from the Internet. Those pictures are the same pictures you see on 100's of other websites.

This company uses their own pictures: AM Lawn Service - Providing Lawn Care to Greenville, Winterville and Ayden NC

[jerseyj]

Originally Posted by Richard Martin

Any landscaping company worth hiring will use their own photos instead of stock photos downloaded from the Internet. Those pictures are the same pictures you see on 100's of other websites.

This company uses their own pictures: AM Lawn Service - Providing Lawn Care to Greenville, Winterville and Ayden NC

Not an endorsement......just an example!

[Cinciguy]

Thanks jersey and Richard. Last time we visit Calabash- the new bridge was not build yet, but we enjoyed a tranquility of that place, old bridge was fun, it reminded us older and simpler times. Sunset beach was always free of crowds. Did new bridge effected that area? Traffic? Crowd?