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Winter 2012 Market Update
There are many incentives being offered by home builders and home owners. This is the best time to buy. Come on down and enjoy the lifestyle.
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $450,000 - $499,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Calabash is | Increasing |
| Seller Activity for the past 90 days in Calabash is? | Decreasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | In most areas, the supply is available for good choices and only occasionally do you have multiple offers ,The Short sales and forclosures are limited in the area and they do attract multiple offers. It is much harder to get them to the closing table. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for first time and second residences no problem. The financing is more difficult for investment property. The lenders require 20% or more on this type of property. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | There are several new communities in the Calabash, Carolina Shores, Sunset Beach and Ocean Isle beach area. Because of the wonderful golf courses, anemities of beach and on site pools and fitness areas communities. The slower pace of life and good entertainment available in the town area and also the close relationship to North Myrtle and Myrtle Beach, it continues to grow and attract the retiress and baby boomers.Taxes and quaility of life are wonderful in this area. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Calabash! The value for the type of residences are still wonderful for the baby boomers and retirees. The activity of buyers has slowed as it generally does at this time of year. The market is growing but at a much slower pace. |
| Nearest Metro Area | Myrtle Beach |
| Housing Hot Spots | Carolina Shores, Ocean Isle Beach, Sunset Beach, Calabash and Horry County SC. |
| Average Sold Price | $200,000 - View Graph Trend |
Calabash Local News
News for Calabash, NC - December 21st, 2011 12:24pm
It is a great time to buy in Calabash NC. Prices remain at the lowest point in years with short sale and foreclosure as well as great normal resale home deals. The area is close to the beach, golf and the Myrtle Beach metro area. Contact John Melvin via (910)367-8286 or JohnMelvinRealtor@gmail.com. Or see my real estate links site www.JohnMelvinRealtor.com for all your real estate needs in this area.
News for Calabash, NC - November 30th, 2011 11:24am
It is a great time to buy in Calabash NC. Prices remain at the lowest point in years with short sale and foreclosure as well as great normal resale home deals. The area is close to the beach, golf and the Myrtle Beach metro area. Contact John Melvin via (910)367-8286 or JohnMelvinRealtor@gmail.com. Or see my real estate links site www.JohnMelvinRealtor.com for all your real estate needs in this area.
News for Calabash, NC - June 17th, 2011 5:24am
It is a great time to buy in Calabash NC. Prices at lowest point in years and some short sale and foreclosure deal available. The area is close to the beach, golf and the Myrtle Beach metro area. Contact John Melvin via www.JohnMelvinRealtor.com for all your real estate needs in this area.
Contact Information
John K. Melvin and Darrell Melton
John: 910-367-8286 or Darrell: 910-274-4326
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
John K. Melvin and Darrell Melton
Connect Realty
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 John: 910-367-8286 or Darrell: 910-274-4326
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