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Old 06-06-2014, 01:02 PM
 
Location: Morehead City, NC
1,681 posts, read 6,030,928 times
Reputation: 1277

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My wife owns a real estate agency. I copied a portion from their latest real estate market report. It's copyrighted material but used here with permission.

"Over-all health of the Crystal Coast real estate market is doing well. There is a 14 month supply of homes for sale with average sold price at $215K. The average days on market (DOM) before a home got sold is 227 days. The average time under contract to close was 44 days. So in essence, a home was for sale for 6 months before an acceptable offer was made. The YTD sold price is 6 percent less than the same time period in 2013.

The beach as you might expect is the most expensive place to buy. The average sold price for an Emerald Isle home was $423K, Atlantic Beach $402K and PKS/Salter Path was at $416K. What is somewhat surprising is that Emerald Isle is the number one selling hotspot for the entire Crystal Coast. More homes have been sold there than anywhere else! The YTD sales total 63 homes. This has helped to reduce the glutted inventory which currently stands at a 22 month supply.

While Emerald has seen the highest rate of sales, Pine Knoll Shores and Indian Beach are seeing inventory sitting the longest. The average length of time it has taken this year to sell a home has been 471 days.

Havelock is the best market with all things considered. The average sold price of a Havelock home is $139K, DOM is at only 145 days with a supply of inventory at only 10 months."

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