“The future ain’t what it used to be” Yogi Berra

“The future ain’t what it used to be” Yogi Berra

We have a lot of signs that our markets are turning positive. While the current economy continues to struggle it is hard to tell if this is the standard spring growth or a market that is recovering. We have a lot more positive numbers this month – 6 months increase in sold units, average price gain over last month, year over year sales up 9 units.


Carolina & Kure Beach
There are currently 504 single family homes for sale and this represents a 12 unit increase over February 2010 and 9.6% of our total WRAR inventory. The average list price is $428,746 a decrease of about $2,970 from January. In February there were 15 homes sold, divide that by the homes available and you have a 33.6 monthly supply of homes in Carolina and Kure Beach (this is high because our low sales in February). The average sold price for the month of February was $296,033 and is down from last month. In February 2009 we had 16 home sales at an average $320,344. When we look at our rolling 12 months March 1, 2009 to February 28, 2010 we have 282 homes sold at an average price of $294,934. While March 1, 2008 to February 28, 2009 we had 247 homes sold at an average price of $358,898.