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Spring 2012 Market Update
There are many incentives being offered by home builders and home owners. This is a great 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 | $150,000 - $199,000 |
| Worst Selling Price Range | $450,000 - $499,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Calabash is | Increasing |
| Seller Activity for the past 90 days in Calabash is? | No Change |
| Multiple Offers? | Yes |
| 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? | 5-10% |
| 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 picked up considerably since the first of the year. The market is growing again. |
| 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 - March 27th, 2012 12:37am
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 market has picked up considerably! 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 - 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
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
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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