Monday, February 14, 2011

Carolina Beach, NC and Kure Beach, NC - Market Update

Looking for a beach house, 2nd home or investment property?

This could be your view year round but you need to know a little about our market here before you buy. Consider the following:

There are currently 387 single family homes for sale and this represents little change from January 1, 2011 and 8.2% of our total WRAR inventory. The average list price is $390,006 and decrease of about $12,624 from January. In January there were 21 homes sold, divide that by the homes available and you have a 18.4 monthly supply of homes in Carolina and Kure Beach. The average sold price for the month of January was $230,953 and is down $37,893 from last month. When we look at a rolling 12 months for Carolina & Kure Beach we are up by 61 units and our sold prices are down 7.1% from the previous rolling 12 months.
Information collected by David Flory of Cunningham Mortgage Company.

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