You have heard it said time and time again but it can never be said too many times or in too many ways 
"Real estate is local". In other words what you hear from the news media about the housing market may not be true for your area.
What is true for one state, county, town or community may or may not apply to its neighbor. That is why it is so very important that when you are ready to buy or sell real estate that you work with an experienced, local agent who knows your area.
Onslow County North Carolina is comprised of several small towns and each is unique and home prices reflect that.
Today I am concentrating on the Swansboro/Hubert area and providing you with the market statistics for that area. Let's take a look at how 2008 Hubert/Swansboro homes sales compared with 2007 home sales.
Year
|
Total
Listed |
Num.
Sold |
% Sold
|
Avg. Sale
Price of Sold |
Sale Price/
List Price
Ratio |
Avg.
DOM
of Sold |
Avg. List
Price of
Unsold
|
%
Expired |
| 2007 |
702 |
450 |
64.10% |
$185,377 |
98.49% |
63 |
$342,687 |
9.40% |
| 2008 |
611 |
362 |
59.25% |
$187,233 |
97.55% |
102 |
$286,195 |
21.28% |
Now let's look at the 4th Quarter of 2008
Total
Listed |
Num.
Sold |
% Sold |
Avg. Sale
Price of Sold |
SalePrice/
List Price
Ratio |
Avg
DOM
of Sold |
Avg. List
Price of
Unsold |
%
Expired |
| 139 |
90 |
64.75% |
$186,332 |
97.99% |
118 |
$248,636 |
30.22% |
As you can see from these statistics (from the Onslow County, NC MLS) Swansboro/Hubert real estate is holding its own pretty well. Houses are taking longer to sell but they are selling.
It all comes down to understanding the local market and pricing a property right from the very beginning and to do that you need a local, experienced and knowledgable agent.
Remember the current market price of your Onslow County N C home has nothing to do with
- How much you owe on the mortgage
- How much you paid for the house
- How much it appraised for last year
- What you have spent on repairs and/or improvements
- What the county shows as the tax value
- How much you think you should "make on it"
It is the price determined by comparable sales in the vicinity.
For more information and assistance with buying or selling a home in Swansboro or Hubert N C, contact me..... I can help you price your Swansboro or Hubert NC home to sell.
Cynthia Tilghman, Realtor, Onslow County Home Specialist 910 459 9189 Email Me
Kingsbridge Realty, Inc., Making Houses Homes
We take pride in assisting Military Families locate a home in Onslow County when relocating to Camp Lejeune North Carolina
Area expert for homes in Hubert North Carolina
;)
;)
You are the expert Cynthia. Always a pleasure to visit your blog. We had a house slide off the mountain last week... when you think it can't get worse, it does!