Ocean Isle Beach Real Estate Market - View Ocean Isle Beach Real Estate Market Trends in North Carolina

Winter 2012 Market Update 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.
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	60-90 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$650,000 - $699,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than 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

Multiple Offers?	No

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	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.

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

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Ocean Isle Beach!

Nearest Metro Area	Myrtle Beach

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.

Average Sold Price	$225,000 - View Graph Trend

Ocean Isle Beach Local News

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.

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