Sunday, February 15, 2009

Waiting to buy BEACH Property at Carolina or Kure Beach, NC?

If you've been thinking about buying Beach property - condo, home or townhouse - at Carolina or Kure Beach - now is the time. The following statistics speak for themselves.... Call me and I will help you find your dream home....
Carolina & Kure Beach

There are currently 592 single family homes for sale and this represents a 33 unit increase over January and 11% of our total WRAR inventory. The average list price is $482,643 a decrease of 4.1% over January 09’. In January there were 17 homes sold, divide that by the homes available and you have a very large monthly supply of homes in Carolina and Kure Beach (over 34 months). This is the same as last month. The average sold price for the month of January was $336,200 and down from last month. In January 2008 we only had 12 home sales but at an average $512,896. When we look at our rolling 12 months we see that we are ahead in units by 2 and our average sold price has dipped from $425,562 to a current $360,748 a decrease of 15.2%.

This data was pulled on February 14, 2009. Based on information from the Wilmington Regional Association of REALTORS Incorporated, for the period Jan. 1, 2005 through January 31, 2009.

This is from a regular update provided by David Flory

Mortgage Consultant
Cunningham & Company Mortgage Bankers
910-352-8273 cell
910-313-0045 office

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