Crystal Coast Real Estate Market Report. Very Positive. Conditions not seen in almost 15 years!
Category Archives: Coastal Real Estate Report
April Real Estate Market Report for the Crystal Coast
One of the most frequent questions we get asked at Hitchcock Realty is what the real estate market is doing. In other words, is now a good time to sell. For many years it wasn’t. After the real estate “explosion” in the mid-2000’s came the painful aftermath of a glut of inventory which spilled over into the 2010’s. The Crystal Coast had a huge over-supply of inventory, prices did not re-adjust to reflect a flailing market place, bankruptcy and foreclosures became a normal everyday...Read more
We’ve got to spread the good news! Mortgage rates have nose-dived and are at near historic low levels. The opportunity is now to get interest rates that may not be seen again. Residential property inventory in some of the prime locations along the Crystal Coast are at supply levels not seen in 10 years that make sales conducive for both the seller and buyer. Mortgage Rates In terms of buying a home and getting a 30 year fixed mortgage, now is almost a once in a lifetime...Read more
Generally speaking, anyone in business or in sales is looking for bigger numbers. But sometimes big numbers can register a “false positive”. Sometimes what you are looking for are smaller numbers. It is in these areas we will look at and see why sometimes less is much, much better when dealing in real estate. But first, let’s take a year over year comparison of the month of May along the Crystal Coast. It proved to be a very...Read more
The Crystal Coast real estate market place can finally start using terms like “stable”, “recovered” and “normal” in describing the conditions for both sellers and buyers. This has been a decade in the works but the good news as well as the promise of a better tomorrow have finally arrived. For those in a hurry, here is the short version of how April 2016 played out along the Crystal Coast. There was a total of 1,719 single family...Read more
To sum it all up in two short words, the real estate market in Carteret County along the Crystal Coast of North Carolina is “very good”. Where the numbers are supposed to be high, they are. Where the numbers are supposed to be low, they are too. All in all this market place which has suffered from a glut of inventory for a decade has righted itself to resemble a more normal, stable market.Read more
Crystal CoastOne of the...
No question about it, 2015 was a very good year for real estate sales along the Crystal Coast. This past year is yet another example of the ongoing trend of improving sales and inventory.Read more