Jacksonville NC Real Estate Market Report January - August 2016

By
Managing Real Estate Broker with Coldwell Banker Sea Coast Advantage (Jacksonville, NC) NC License # 232012

Here is the latest Jacksonville NC Real Estate Market Report January - August 2016 . This report displays "closed Sales" results for residential real estate transactions occuring in Onslow County from January 1st 2016 through the end of August 2016, as reported in our area's North Carolina Regional MLS. 

Jacksonville NC Real Estate Market Stats

See below for the details about the closed sales that have taken place so far this year.

 

 

Residential Unit Sales Stats

Statistics from North Carolina Regional  MLS (Onslow County)

January - August 2016          

 

Total Number of Residential Sales “Sold” YTD 8/31/2016 = 2447 (2755 in 2015)

Decrease of 308 or Down 11 %    

Total Number of Active Residential Listings = 1947

 

Total Number of Single Family Resales and New Construction Homes “Sold” YTD 8/31/2016

= 2085 (2384 in 2015)

Decrease of 299 or Down 12.5 %    

Total Number of Active Single Family Resales and New Construction Listings = 1550

 

Total Number of New Construction Single Family Homes “Sold” YTD 8/31/2016 = 502 (736 in 2015)

Decrease of 234 or Down 32 %  

Total Number of Active New Construction Single Family Listings = 350

 

Total Number of Resale Single Family Homes“Sold”YTD 8/31/2016 = 1583 (1648 in 2015)

Decrease of 65 or Down 4 %     

Total Number of Active Resale Single Family Listings = 1200

 

Total Number of Foreclosure Resale Single Family Homes “Sold” YTD 8/31/2016 = 373 (458 in 2015)

Decrease of 85 or Down 18.5 %   

Total Number of Active Foreclosure Resale Residential Listings = 90

 

Onslow County Unit Sales Down 11 %...Coldwell Banker Sea Coast Advantage's Jacksonville Office is up 18%  we are outperforming the market by 29%

Onslow County Closed Volume Down 16%...Coldwell Banker Sea Coast Advantage's Jacksonville Office is up 21%...we are outperforming the market by 37%

 

Average Sales Price Comparison

Statistics from North Carolina Regional  MLS (Onslow County)

January - August 2016         

 

Average Sales Price of Residential Sales “Sold” Current Period = $158,582

Average Sales Price of Residential Sales “Sold” One Year Ago = $167,569             

Decrease of $8,987or DOWN 5 %    

 

Average Sales Price of SF and NC 1,2,3 Sales “Sold” Current Period = $168,690

Average Sales Price of SF and NC 1,2,3 Sales “Sold” One Year Ago = $178,081                           Decrease of $9,391 or DOWN 5 %    

 

Average Sales Price of NC 1,2,3 Sales “Sold” Current Period = $207,022

Average Sales Price of NC 1,2,3 Sales “Sold” One Year Ago = $208,741

Decrease of $1,719    

 

Average Sales Price of SF 1,2,3  Sales “Sold” Current Period = $156,491

Average Sales Price of SF 1,2,3  Sales “Sold” One Year Ago = $164,388                                   Decrease of $7,897 or DOWN 5 %    

 

Average Sales Price of REO SF 1,2,3 Sales “Sold” Current Period = $93,169

Average Sales Price of REO SF 1,2,3 Sales “Sold” One Year Ago = $94,058                                     Decrease of $889     

 

 

 SF 1,2,3 = Single Family 1,2, and 3 story                                                                                                                              NC 1,2,3 = New Construction 1,2 and 3 story                                                                                                                        “REO” = Real Estate Owned or Foreclosure Homes

 

As I have stated previously, the integration of multiple REALTOR associations into one regional MLS has created many duplicate records of sales in the data. These duplicates have created false numbers for categories of sales at the present time.

Additionally, the reported sales in 2015's data also contains many duplicate entries. This means that the comparisons between 2016 and 2015 are not 100% accurate at this time.

We continue to work with the regional MLS to clean up the excess data, and I am confident that it won't be long until we have extremely accurate sales data for the entire region. In the meantime, I will continue to provide this report calculated in the same manner as I have done in the past.

Please feel free to contact myself, or any of our real estate professionals at Coldwell Banker Sea Coast Advantage (910) 353-5100 to discuss this report, or for help with all of your real estate needs.

Thank you for taking a look at the Jacksonville NC Real Estate Market Report January - August 2016.

Posted by

 Ken Brandon

 ABR, CDPE, CNE, CRS, e-PRO, GRI, SFR, SRS

Managing Broker

Coldwell Banker Sea Coast Advantage

2355 Western Boulevard Suite 300,  Jacksonville NC 28546

   Office: (910) 353-5100                       Email: KenBrandon@SeaCoastRealty.com  

 Serving Camp Lejeune, Jacksonville NC, And The Surrounding Area

 Home Search   facebook logo     linkd in logo   You Tube Logo 

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina Onslow County Jacksonville

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,422,732
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this information.  This is perfect for buyers and sellers alike!

Sep 18, 2016 12:33 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
224,443

Ken Brandon

Camp Lejeune, Jacksonville, NC
Ask me a question
*
*
*
*
Spam prevention