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Richlands, North Carolina Market Report

Last week we looked at the Swansboro/Hubert Housing market in Onslow County, North Carolina and Richlands NC discussed how it was fairing in the current real estate market.

This week, we are moving down the road to Richlands, a small, friendly town and outlying rural area which has been one of the more active residential areas in Onslow County in the past year. Military families relocating to Camp LeJeune have found this area very affordable and convenient.

Richlands, NC home prices have held pretty steady and sales have been relatively good.... but as in other areas, the number of days on the market has seen a dramatic increase. Compared to many residential markets, the Onslow County NC real estate market has remained for the most part, stable.

Sellers who list their home in Richlands, N C with an experienced, local and knowledgeable agent will have the peace of mind knowing that agent understands the local market and will help them price their home to sell in the current market.

Richlands, North Carolina Residential Housing Report 2007 and 2008

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	631	430	68.15%	$171,398	99.04%	58	$210,661	6.34%
2008	618	395	63.92%	$173,369	99.76%	107	$201,303	10.84%

Now let's look at the 4th Quarter of 2008 - Richlands, North Carolina

Total Listed	Num. Sold	% Sold	Avg. Sale Price of Sold	SalePrice/ List Price Ratio	Avg DOM of Sold	Avg. List Price of Unsold	% Expired
157	100	63.69%	$171,395	98.82%	107	$191,673	19.11%

For more information on real estate in Richlands North Carolina or any area of Onslow County NC, please contact me. I would consider it an honor to assist you with your Onslow County real estate needs.

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

Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist on 01/22/2009 07:55 AM

Comments (15)

Onslow County NC Events and Information in the ActiveRain Channel

richlands nc, onslow county events and information, onslow county real estate, homes in hubert nc, swansboro nc, military relocation, camp lejeune nc

Originally posted at: Onslow County NC Homes Talk: Richlands, North Carolina Market Report

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15 Comments on Richlands, North Carolina Market Report

JAN

Cynthia - even though the DOM are longer the other portions of your datat stay pretty solid. I can't really see anything bad in that at all. It's refreshing to see areas of our country where housing is doing well in spite of this market. Keep up the good work! You are obviously the consummate professional in your area!

Hi Cynthia,

Real nice look and feel of the data...good job.

Dick Beals

Great stats. Interesting to see how high the Sales Price % is... hanging around 99%.

Cynthia, You have remarkably good numbers...it looks like your market is very stable!

Wonderful information about the area as well as your market report.

Cynthia--Your DOM's are great in this part of the country. Most of ours are 150-180 range. Nice report...I like your maps for a visual of where the community is.

Carol,
Sellers get impatient when their home does not sell within a short time but this is just the way market is now so we must have patience.

Thanks Dick,
I would like to see more activity by in comparison to other areas, we're ok.

Hi James,
The ration of listing price to selling price shows that we're doing a good job of pricing here! Thanks.

Hi Cynthia, looks like your market has held up with LP/SP ratio. I look at mine and want to faint. :)

Cynthia - Nice presentation. So the average sale price went up this year; your market is in very good shape when compared to others.

Cynthia, I am just wondering how many buyers are using their V.A. entitlement to make a purchase? Or are they saving the entitlement for a later date? But, on the other hand here, great post, and I hope you sell many homes in this area.

JAN

Hello Diane,
The under $200,000 market is doing very well here but over that amount, is not.

Sally,
Thanks, I admit market reports are not my favorite type of blog but we need to put them out there for our Consumers.

Hi Teri,
Thanks, that is what I understand...I suppose it is relative.

JAN

I love reading market reports as long as they are concise and informative - yours sure meet that criteria, Well done, Srt

I love stats from around the country. Thanks and have a great 2009.

Keith,
A great testament to agents' pricing properties correctly, don't you think?

Hi Jennifer,
Yes, that particular stat really surprised me--it is holding up well.

Hello Bob,
Most all of the sales are VA and they are using their entitlement now and do you blame them?

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