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Market Trends
Commentary Provided bySue West The quality of life, taxes, weather, and cost of living are all positive for this area of the country and we will continue to see growth as long as we keep the right things at the forefront. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Myrtle Beach | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | The main residential area is well represented with good prices on homes and there are several new communities growing arount the Ocean Isle Beach,Sunset Beach area. This area is desirable because of the pace, taxes,wonderful places to shop and eat, There are doctors and hospitals close by. The North Myrtle and Myrtle beach areas are close by as well and lots of entertainment and fun things to do. The homes at the beach area are priced from $450,000 to over $2,000,000.00 | ||
| Average Home Price | $225,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $650,000 - $699,000 | ||
| Compared to Last Year | Down 10-15% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Ocean Isle Beach is | Increasing | ||
| Seller Activity for the past 90 days in Ocean Isle Beach is | Increasing | ||
| Is Financing Available For Qualified Buyers in Ocean Isle Beach? | Yes | ||
| Comments on Financing For Qualified Buyers | There is money available for primary and second homes. The investor type of purchase requires a 20- to 30 % investment. The good rates are designed for the retirees and baby boomers coming to the area. | ||
| 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 | All of Brunswick County is in a dramatic growth pattern due to the great locations with beach property, golfing, and close to Myrtle Beach. Carolina Shores, Calabash, Sunset Beach, and Ocean Isle Beach are all busy as bees and growing like crazy. New Developers are coming to the area and building. | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Ocean Isle Beach! | ||
| Average Sold Price | $225,000 - 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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Ocean Isle Beach Local News
News for Ocean Isle Beach, NC - Friday July 17th, 2009 10:27am
The market conditions are improving as the summer is in full force. There are many people at all places in Brunswick County, Ocean Isle Beach, Sunset Beach, Carolina Shores. The home market is returning to strong demand and there are several new communities within 10 minutes to the beaches as well as ocean front and ocean view. Prices, taxes, insurance and entertainment guarantees this the wonderful place to be. Call me : Sue West 910-308-9008 or 843-467-6281, if you are coming to the area and the South Carolina beach area as well.
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910-308-9008
