Camp Lejeune Jacksonville NC Real Estate Market Report Jan - Apr 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 - April results in 2013 to January - April results from 2012 continues to confirm that Jacksonville NC is experiencing an overall shift in our local market, now in both re-sale AND new construction sales figures

Re-sale home sales continue their downward trend as we have been experiencing for a couple of years now. Reported sales are down 2% over 2012 Jan - April  numbers...which was down from the previous year.  The 2% decrease, based strictly on the number of closed sales,  doesn't paint a completely accurate picture of re-sale market figures  as more than 1/3 of those re-sale home sales were bank owned (foreclosure) properties. Last month, for the first time in over two years, new construction sales saw a decrease in their overall numbers. Although this continues as we move into our historical sales season, 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.  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: 687

Sold 1 Year Ago: 798

Decrease of: 111 or down 14 %

 

Avg Sold Price Current Period: $176,114

Avg Sold Price 1 Year Ago: $178,287

Decrease of: $2,173 or down 1 %

 

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

Sold Current Period: 413

Sold 1 Year Ago: 517

Decrease of 104 units or down 20 %

 

Avg Sold Price Current Period: $196,334

Avg Sold Price 1 Year Ago: $187,916

Increase of: $ 8,418 or up 4 %

 

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

Sold Current Period: 274

Sold 1 Year Ago: 281

Decrease of: 7 or down 2 %

 

Avg Sold Price Current Period: $145,637

Avg Sold Price 1 Year Ago: $160,570

Decrease of: $ 14,933 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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