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August, 2011 Market Report for Morehead City, NC 28557

By
Real Estate Agent with Pine Knoll Shores Realty NCRE# 242843

August, 2011 Market Report for

Morehead City, NC 28557

When Comparing closed listings in Morehead City from August 2010 vs. August 2011, number of sales are up 40%.  The number of Pending Sales have decreased 23.8% year over year comparison. There are currently 341 listings available in Morehead City, but that number has dropped slightly,  1.7% year to date.

 

The average sales price year to date is $242,931 (down 3.24% from 2010), and the average List Price in 2011 (year to date) is $334,398 (down 6.03% from 2010).

Homes for sale in Morehead City

For more information about current Market conditions and Homes for sale in Morehead City, North Carolina, give me a call.

Comments(4)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Amy,

Great presentation on market activity in Morehead City NC 28557 in August of 2011. I'm sure sellers and buyers will be calling you the Morehead Realtor who knows what is going on!

Sep 24, 2011 12:59 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Amy, Looks like there's still a large amount of inventory compared to number of sales.  Are many of these homes for sale vacation homes vs. primary residences?

Sep 24, 2011 01:24 AM
Amy Hahn
Pine Knoll Shores Realty - Morehead City, NC
Realtor/Broker - Crystal Coast, NC

Thanks Dorie!  Wish the numbers were even better, but happy to see more sales.

Bliz - In Morehead City, properties are mainly primary residences or investment/long term rental properties.  vacation homes tend to stay on the Island, but sound front Morehead City has a few vacation properties.  And yes, still quite a selection of homes on the market.

 

Sep 24, 2011 01:30 AM
Marian Goetzinger
Pine Knoll Shores Realty 252-422-9000 - Pine Knoll Shores, NC
Crystal Coast Real Estate NC

Amy, your market reports are awesome and I know they take some work on your part.  I love your profile picture.

Sep 24, 2011 12:34 PM