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Old 04-07-2010, 08:12 AM
 
Location: Morehead City, NC
1,681 posts, read 6,032,394 times
Reputation: 1277

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I have just completed a very detailed market trends and report covering the Crystal Coast area MLS. It's at my personal blog (not company web site). I didn't post it here because I didn't want to break any rules. So-I made this one little chart for CD so folks could get an inkling of what's going on with home sales in the area.
Bill

Crystal Coast Real Estate Market Report-soldactivenameless.jpg
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Old 04-11-2010, 05:15 AM
Status: "48 years in MD, 18 in NC" (set 18 days ago)
 
Location: Greenville, NC
2,309 posts, read 6,107,069 times
Reputation: 1430
Truth in reporting. I like that. I see so little of it, especially from RE, that it's refreshing to see. Thanks Bill!
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Old 04-11-2010, 02:54 PM
 
Location: Morehead City, NC
1,681 posts, read 6,032,394 times
Reputation: 1277
Thank you for the kind words. And because of them I went ahead and re-created another helpful chart which came from my personal blog site article.
Bill

Crystal Coast Real Estate Market Report-averagesoldpricenameless.jpg
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Old 04-11-2010, 03:09 PM
LLN
 
Location: Upstairs closet
5,265 posts, read 10,736,747 times
Reputation: 7189
I am shore not a Realtor, but that looks bleak. Compared to 2005, twice as many on market, 1/2 as many sold, and at 15% less. Ouch.

I know in New Bern there are a lot of homes for sale in the downtown and Riverside Historic areas (my environs). Though not planning to sale anytime soon, the comps in the near term would be catastrophic. Ouch, again.

NYT today has big article on rates only going up. Ouch, again, again.

Nice post and good graphs, by the way. Thanks

lln
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Old 04-12-2010, 03:11 PM
 
Location: Morehead City, NC
1,681 posts, read 6,032,394 times
Reputation: 1277
Sure doesn't help the coastal real estate market when you can't buy flood insurance either! Big Ouch!
Bill
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Old 04-12-2010, 04:09 PM
Status: "48 years in MD, 18 in NC" (set 18 days ago)
 
Location: Greenville, NC
2,309 posts, read 6,107,069 times
Reputation: 1430
How about a per sq ft.... That tells me more....
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Old 04-13-2010, 07:59 AM
 
Location: Morehead City, NC
1,681 posts, read 6,032,394 times
Reputation: 1277
"How about a per sq ft.... That tells me more...."
I have to disagree with using square footage as gauge for the Crystal Coast market. There are just way too many variables within the market that can alter value tremendously.
I can take a 2,000 square foot home on a half acre in Newport-Drive 5 minutes to Atlantic Beach with that same property and watch the square foot cost jump up 3X-5X's.
Same property-Both in the Crystal Coast market-5 minutes apart. Massive difference.
Bill
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Old 04-15-2010, 03:30 AM
Status: "48 years in MD, 18 in NC" (set 18 days ago)
 
Location: Greenville, NC
2,309 posts, read 6,107,069 times
Reputation: 1430
Yeah, by it's self it's pretty useless. But combined with the other info you can start to get a better feel of the market. The per sq ft is better used with comps. It's kinda like the difference between median and average. Most people have no clue. The ones that do have the advantage.
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Old 04-15-2010, 08:02 AM
 
Location: Morehead City, NC
1,681 posts, read 6,032,394 times
Reputation: 1277
A tournament fisherman doesn't care about the school of fish. He's just interested in that one big catch.
Too many people look at a market and don't look for that one big catch within the market.
Deals and bargains in home buying generally happen one home at a time-Not one market at a time.
Bill
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