Carolina Beach Real Estate Market Info
Active now (no contracts)
Special points of interest:
● 309 Total Properties presently on the market (single family, condo, town-homes)
● 4 of the 309 are potential short sale
● 0 of the 309 are foreclosures
● 33 were built before 1980
● 1% of the actives are distressed (short sale of foreclosure)
● 173 of active inventory is priced be-tween $200,000 to $400,000 and this is selling well.
● 58 of active inventory from $401,000 to $650,000 price range
● 34 of active inventory above $651,000 price.
● 44 under $199,900
● 27 homes built 2012 & 2013 on market presently
Solds Past 6 Months
Special points of interest:
● 270 Closed Sales in Carolina Beach and Kure Beach (single family, townhome and/or condominium) 1/1/13 to 9/9/13
● 120 of the 270 Sales were single family
● 28 of the 270 were Foreclosures
● 20 of the 197 were short sales
● 28 were ocean front
● 6 were sound front
● 18% of the total sales since 1/1/13 were distressed (short sale or foreclosure)
● #1 best selling in price range $200,000 to $300,000, 97 out of a total 270
● #2 best selling $199,999 and below, 85 out of a total 270
● #3 best selling $301,000 to $400,000, 49 out of a total 270
● 37 of 270 Closed homes were built 2012 and 2013
Market Hot Spots
Special points of interest:
● Single Families, selling well
● Older Beach Bungalows, not many on market to compete with so can be a good niche to list now
● Water front or water views, selling well & inventory shrinking
● New Construction, selling well and number of active inventory just 27 of 309
● 94 Sold homes out of a total 270 were priced between $200,000 & $400,000
● Fewer foreclosures and short sales to com-pete with and buyers have been drawn to those super low prices. This number changes but presently, it is at a low so good timing to list with less competition.
Above Information taken from the Wilmington Multiple Listing Service, 9/9/13