Category Archives: Coastal Real Estate Report

August Real Estate Market Report

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...
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June Crystal Coast Real Estate Report

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...
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Crystal Coast Real Estate Market Report May, 2016

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...
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Real Estate Market Report April 2016

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...
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Crystal Coast January Real Estate Market Report

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.

Crystal Coast

One of the...
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2015 Crystal Coast Real Estate Market In Review

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.

Crystal Coast

Sold crystal coast The chart above graph’s a 5 year trend of improving residential property sales. Sales have increased by 32 percent during that time period. What isn’t shown is the supply of inventory over that...
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August Real Estate Report

The August numbers are in. In all the key factors of the housing market are showing signs of continued improvement along the Crystal Coast.

153 homes sold in August out of a total of 1,726 listings. That gave sellers an 11 percent chance of selling their home. This is good. One reason why the list to sales ratio is so good is because inventory is finally coming down. Inventory is down 12 percent compared to the same...

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July Crystal Coast Real Estate Market Report

The Crystal Coast housing market which for years had been crippled and stymied by a glutted housing market is now on the brink of solid stability. July’s market report shows a constant and consistent improvement in the rate of sales compared to the rate of new listings coming on market. Hold on to your hats, the area is getting primed to explode again!

Housing Inventory

The housing inventory is determined by what is known as the absorption rate. As the name implies, it is a measuring of...

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