The Good, the Bad and the Ugly on Kure Beach Real Estate for 2013

I wrote about 6 months ago how Kure was going against the tide of the Wilmington real estate recovery.  So where does the market stand now and how dramatic is the situation?  Well if you look at these 2 graphs it’s not looking good:

When you look at the top quartile by itself it looks grim.  And when you look at the medians it looks dramatic as well, however you’re just talking about slight dip or 440s to 430s with a short term trend up.  The challenge with Kure Beach real estate data is that there are so few homes sold each month that one can easily jump to conclusions based on what homes HAPPENED TO SELL THAT MONTH.  If a large home sells that month it throws off the numbers big time and distorts the market.

My Experience & instincts showing Kure home for sale versus “market data” [Read more...]

Kure Beach Real Estate Goes Against Regional Market Trends in 2012

07:01:12 Kure beach real estate prices

Kure Beach — lowest prices and inventory in years

What is the latest and greatest on Kure Beach NC?  I love it when new market data is released and empowering buyers with market data.

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After Years of Taking it on the Chin, Kure Beach Sees Silver Lining

What is the latest and greatest for Kure Beach real estate?  it’s always fun to ruminate when the new numbers come out–usually the 10th of each month. That’s when your true real estate bloggers who care more about the market and consumer advocacy and have more to say than what restaurant they just ate at come out to analyze.

The one positive variable in the market data for Kure Beach real estate sales is that the inventory has fallen significantly the past 6 months.  Is it long term or did just a bunch of upside downs homes get withdrawn so they can relist later in the year?  I’m thinking many of those homes were rented out but that can’t explain the big downturn in inventory.

Prices have come down so much in past years–see this article on the Seawatch homes for sale price slide–that owners can use some positive news for a change no doubt.

Days on Market Trend Downward for Kure Home Sales

This is the past 6 months….

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