Emerald Isle NC Market Report – May 1st to May 7th, 2011

Homes sold in Emerald Isle NC during the week of May 1st to May 7th, 2011 shows that one home was put under contract to be sold and seven homes were closed and sold during that week in Emerald Isle, NC.  The one home that was put under contract to be sold is located in Emerald Isle NC general city limits.  Of the homes that were sold and closed one was located in Emerald Isle NC city limits, one was located in The Point subdvision, and one was located in Emerald Isle By the Sea subdvision.  The fourth home that was sold and closed during the week was located in Pier Pointe, the fifth home was located in Sound of the Sea.  The last two homes were located in Island Shores and Lands End subdivisions in Emerald Isle NC.

Kathryn Gorham – 252-646-4656 – kathryn@kathryngorham.com

Free Weekly List of Emerald Isle NC beach house Foreclosures!

Emerald Isle NC Market Report – April 17 – 23, 2011

It has been a busy week in the real estate market in Emerald Isle NC.  Homes sold in Emerald Isle NC this week shows that seven homes were sold and closed.  Homes sold also shows that three homes were put under contract to be sold in Emerald Isle NC this week.  Of the three homes that were put under contract to be sold in Emerald Isle NC, one is located in Holly Point subdivision, the second was located in the generald Emerald Isle NC city limits, and the last was located in Lands End subdivison.  Of the homes sold in Emerald Isle NC this week, they were located in the following subdvisions: Sound of the Sea, Lands End, Emerald Landing, Emerald Isle by the Sea, Wyndtree, Spinnakers Reach, and Dogwood Acres.

Kathryn Gorham – 252-646-4656 – kathryn@kathryngorham.com

Free Weekly List of Emerald Isle NC beach house Foreclosures!

Emerald Isle Market Report for April 10 to April 16, 2011

Homes sold in the Emerald Isle NC area during the week of April 10 to April 16, 2011 shows that three homes were sold and closed.  Of the three homes sold and closed in Emerald Isle NC this week, the first was located in Pebble Beach.  The second was located in Ocean Oaks subdivision and the last home sold was in Lands End in Emerald Isle NC.  The Pebble Beach condo was only on the market for 40 days, the home sold in Ocean Oaks was on the market for 178 days and the home sold in Lands End in Emerald Isle, NC was on the market for 384 days.

Kathryn Gorham – 252-646-4656 – kathryn@kathryngorham.com

Free Weekly List of Emerald Isle NC beach house Foreclosures!

Market Report for the Crystal Coast February 2011

Market Report for Crystal Coast NC reporting Homes for Sale that sold in the month of February 2011 and the homes for sale that went under pending status. Also the lots and land for sale in Crystal Coast NC that sold in February or went pending.

 

In February Crystal Coast had 86 homes for sale that closed.The average sales price for the closed “homes for sale” in Crystal Coast in February of 2011 was $254,148, the low was $15,000 and the high was $2,540,000.

The list to sale price ratio ranged from a low of 61% to a high of 105%. The price per heated square foot was $17 low, $130 average and $518 at the high end.

The Days on Market (DOM) ranged from a low of 0 to a high of 898.

A total of 113 homes for sale went under pending status in February.

250 lots for sale closed in Crystal Coast in February. The low price for recently sold lots for Crystal Coast was $5,000 and the high price was $850,000. The Days on Market ranged from 0 to 1,646. The sale to list price ratio was a low of 20% and a high of 139%. A total of 43 lot went under pending sale status in February in Crystal Coast.

 


Market Report for Residential properties, Land and Lots SOLD and PENDING

February 2011 data for Swansboro, Cedar Point & Cape Carteret


Crystal Coast MLS – Market Report

February
2011

Status # Listings List Volume Sold Volume List Price Sold Price Sale/List Price Aprox. Htd SqFt +/- List Price Per Aprox. Htd SqFt +/- Sold Price Per Aprox. Htd SqFt +/- Days On Market
Pending 113 28,287,903 0 LowAvg

High

18,900250,335

849,900

00

0

0.000.00

0.00

3751,790

4,656

25.40140.31

441.29

0.000.00

0.00

5183

2,078

Closed 86 23,721,294 21,856,700 LowAvg

High

24,500275,829

2,950,000

15,000254,148

2,540,000

0.610.95

1.05

7201,733

4,950

28.55138.71

601.18

17.48130.16

517.63

0203

898

Overall 199 52,009,197 21,856,700 LowAvg

High

18,900261,353

2,950,000

3751,766

4,950

25.40139.62

601.18

0192

2,078

 

Crystal Coast MLS Land & Lots – Market Statistics

February
2011

Status # Listings List Volume Sold Volume List Price Sold Price Sale/List Price Aprox. Htd SqFt +/- List Price Per Aprox. Htd SqFt +/- Sold Price Per Aprox. Htd SqFt +/- Days On Market
Pending 43 4,052,964 0 LowAvg

High

16,10094,255

485,000

00

0

0.000.00

0.00

00

0

0.000.00

0.00

0.000.00

0.00

16323

1,451

Closed 250 28,360,777 22,628,918 LowAvg

High

7,900113,443

1,000,000

5,00090,516

850,000

0.200.82

1.39

00

0

0.000.00

0.00

0.000.00

0.00

0297

1,646

Overall 293 32,413,741 22,628,918 LowAvg

High

7,900110,627

1,000,000

00

0

0.000.00

0.00

0301

1,646

 

Click Here to View the Full Market Report

 

 

Kathryn
Gorham | Sun-Surf Realty | Swansboro, Cedar Point &
Cape Carteret North Carolina2011 President Women’s Council of REALTORS® Crystal Coast Chapter

252.646.4656 cell · 252.354.2958 office

Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina

ActiveRain an Online Referral Network

Women’s Council of
REALTORS®
a National Referral Network

 

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Carteret County Tax Revaluation 2010-2011

Here at the Crystal Coast of North Carolina the county commissioners are debating whether or not to proceed with the Carteret County Tax Revaluation 2010-2011.

The last revaluation was in 2006 with the new tax valuations going into effect in 2007. At that time the county commissioners voted to change the revaluation period from 7 years to 4 years making 2010 the year to revalue property and 2011 the year for the new values to become effective.tax value

Recently there have been articles in the newspapers saying that some commissioners don’t want to do the revaluation. That with the state of the real estate market it may be difficult to get a true value.

I am taking this opportunity to weigh in on the tax revaluation for 2010 -2011.

The market is the market. The values are reflected by what one would pay for property in the current market.

 

Yes it is a difficult task to determine values – welcome to my world. I too have to give Comparative Market Analysis reports to buyers and sellers and just because it is a difficult task doesn’t mean I can avoid doing it.

 

Try telling a home buyer or seller what their market value is and then explain to them they will be paying taxes on 2006 values and have no recourse to update their property value to today’s value. Try telling them the county doesn’t want to do the revaluation because some commissioners feel it is too difficult to determine market values. They look at you like you’re nuts. How can it be that difficult. The buyer/seller just paid to have their property appraised and the appraiser came up with a value why can’t the county?

 

In 2006 when the last valuation was done it was difficult to determine values because prices were changing so rapidly. I didn’t hear any commissioners saying let’s not do the revaluation because it would be difficult then. It is always difficult, but it sill needs to be done.

 

I read somewhere that a commissioner used Cannon’s Gate values as an example of the difficulty in getting “true” market values because the lots selling in Cannon’s Gate were selling at foreclosure prices. Yes the lots are selling in Cannon’s Gate at foreclosure prices and quite a few lots. That doesn’t make it difficult to determine the value – that “is” the value… at least for right now.

 

I urge the commissioners not to play ostrich and stick their head in the ground and ignore revaluation. Stand up for revaluation and get values in line with the market today. The next revaluation will be here before you know it and things will adjust again. 

Here is an article from the town of Emerald Isle on tax Revaluation…
Emerald Isle Supports 2011 Tax Revaluation

 

With the full support of the Board of Commissioners, Mayor Art Schools recently sent a letter to the Carteret County Board of Commissioners urging them to proceed with the previously scheduled 2011 tax revaluation.

 

The last tax revaluation occurred in 2007 near the end of a period of significant increases in property values in Emerald Isle and Carteret County. Since that time, property values have decreased and these new values should be reflected in the tax values assigned by Carteret County. There has been some discussion by the County Commissioners about delaying the scheduled 2011 tax revaluation, and the Town (and other municipalities on Bogue Banks) has gone on record in support of the 2011 revaluation in the interest of tax equity and fairness. 

If you are a property owner in Carteret County and want to express your opinion on revaluation to the commissioners follow the link listed next to contact your County Commissioners, visit http://www.carteretcountygov.org/comm_roster.asp .

Kathryn Gorham | Sun-Surf Realty | Emerald Isle North Carolina
2010 President Women’s Council of REALTORS® Crystal Coast Chapter
252.646.4656 cell · 252.354.2958 office
Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina
ActiveRain an Online Referral Network
Women’s Council of REALTORS® a National Referral Network

 

Kathryn Gorham on TwitterAdd MeCarteret County Tax Revaluation 2010-2011 was fist published on Emerald Isle Carolina
Copyright © 2009 by Kathryn Gorham, All Rights Reserved. Permission granted to re-blog or re-print with the stipulations that you do not alter the original content and that you provide a link back to this article in the re-blog or re-print. *Carteret County Tax Revaluation 2010-2011*