Camp Lejeune Jacksonville NC Real Estate Market Report 1st Qtr 2013

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

 

Analyzing The Housing MarketThe Camp Lejeune Jacksonville NC Real Estate Market Report, comparing January - March results in 2013 to January - March results from 2012 shows that Jacksonville NC is finally experiencing an overall shift in our local market.

Re-sale home sales continue their downward trend, down 8% over 2012 1st quarter numbers. The 8% decrease doesn't truly encompass the entire re-sale market stats as almost 1/3 of those re-sale home sales were bank owned (foreclosure) properties.  For the first time in over two years, new construction sales have seen a decrease in their overall numbers. New Construction continues to hold a majority market share of overall area home sales. The inventory of homes on the market for sale continues to climb. This is not unexpected as we are moving into our historical sales season. I expect supply to exceed demand as we continue throughout the remainder of 2013.  Though our market has seen a  significant  increase in "short sale" home listings appearing in our MLS, we are not seeing a proportionate number of closed sales on short sale homes.  This may be a result of the time constraints most of our military buyers are under...not feeling they have the time to deal with the short sale process. It may also be because there are a large number of homes on the market for sale without considering short sales. I will continue to watch these numbers and trends as we continue through 2013. 

Info obtained from Jacksonville Board of REALTORS Multiple Listing Service.

 

Overall Single Family Home Sales for the January to March 2013 time frame, including both new construction and re-sale numbers are:

Sold Current Period: 577

Sold 1 Year Ago: 669

Decrease of: 92 or down  14 %

 

Avg Sold Price Current Period: $164,945

Avg Sold Price 1 Year Ago: $170,871

Decrease of: $5,926 or down 3 %

 

New Construction Single Family Home Sales for the January to March 2013 time frame:

Sold Current Period: 291

Sold 1 Year Ago: 389

Decrease of 98 units or down 25 %

 

Avg Sold Price Current Period: $193,895

Avg Sold Price 1 Year Ago: $187,633

Increase of: $ 6,262 or up 3 %

 

Re-Sale Single Family Home Sales for the January to March 2013 time frame:

Sold Current Period: 190

Sold 1 Year Ago: 206

Decrease of: 16 or down 8 %

 

Avg Sold Price Current Period: $146,696

Avg Sold Price 1 Year Ago: $161,462

Decrease of: $ 14,766 or down 9 %

 

These numbers are a general overview of our local Camp Lejeune Jacksonville NC Real Estate Market. For a detailed analysis of the market as it pertains to your specific situation, call (or text) (910) 265-6860 or send an email to Ken@KenBrandon.com and one of our real estate professionals will be back in touch with you.

Are you considering whether now is the time to sell or not? Click HOMESELLERS Neighborhood Home Value Request and we will get in touch with you to discuss the market as it applies to your specific situation.

Our market remains consistent. People are still buying and selling homes in the Camp Lejeune and surrounding area. With many homes to choose from and interest rates at historic lows, home buyers in our area have many reasons to choose NOW to buy a Jacksonville NC Home.

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

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Comments (1)

Scott Nowling
Prudential Starck - Saint Charles, IL
Prudential Starck

Funny how markets are different.  You can barely find the sound of a hammer here in suburban Chicago....

Apr 20, 2013 11:34 PM