Calabash Real Estate Market Report - Brunswick, North Carolina
Calabash, North Carolina - Brunswick
| Market Commentary Provided by Sue West 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. |
| Report Date | Fall 2009 |
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| Nearest Metro Area | Myrtle Beach | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| 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. | ||||
| Average Home Price | $200,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $450,000 - $499,000 | ||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| 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. | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Calabash is | Increasing | ||||
| Seller Activity for the past 90 days in Calabash is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Calabash? | 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. | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Carolina Shores, Ocean Isle Beach, Sunset Beach and Calabash | ||||
| 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. | ||||
| Average Sold Price | $200,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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