Real Estate Sales in Craven County for the past year
The following data shows a picture of the overall market in all of Craven County. My take is that it is still a strong buyers market. Combine that with unbelievable interest rates it is a great time to buy Real Estate. Not such a great time to sell, but homes are selling everyday.
830 homes currently for sale.
894 homes sold in the past year.
109 Commercial buildings and commercial lots for sale.
17 Commercial buildings and commercial lots sold in the past year.
463 Lots and or land for sale.
90 Lots and land parcels sold in the past year
I am hearing chatter about the Real Estate Market improving nationally, however the markets that seem to be improving are the markets that were hit the worst and just about had no where to go but up. My gut feeling is that we are bouncing along the bottom and where we go from here will depend on the amount of foreclosures dumped in the market and the stability of the job market.
Although the Grunt lost heat and power for a couple, I consider myself quite fortunate and very grateful. Even though subway service is almost fully restored, since yesterday I have seen people boarding shuttle buses. In fact, the next couple of days is going to be a bit rough for anyone commuting to the point that a certain investment bank that likens itself as the "Jim Henson" of Wall Street" has teamed up with one of "Father Barry's" former employers has chartered buses for their commuting employees coming in from Grand Central. In fact, the Grunt would not be surprised if many Wall Street firms were setting up transportation alternatives for all of their employees. There will be a return to normal but it will be a struggle.
You know what else is going to be up and running? DOS. So it appears that the broker's exam is still on. I am unsure how all of you studied for it this past week. I wish you all the best of luck
Scarsdale, often referred to as the jewel of Westchester has not fared very well at all. It has been reported that they will not have full power till November 11th. As of November 3, 2012, The high school and one elementary school have full power. Another elementary school has partial power which leaves the junior high aka middle school and three elementary schools with no power. As of November 1, 2012 schools plan on being opened on Monday November 5, 2012. With the caveat that scheduling is subject to change. The Grunt does not blame Con Edison for this situation because no pun intended, they were dealing with a perfect storm. The obvious is that Sandy was a storm that no one had ever seen before and pretty much laid waste to many areas including Staten Island. Among the factors that devastated that area was the lack of natural barriers. Since the economy imploded back in 2007, many industries implemented cutbacks, utilities were no different. Part of the reason why they are shipping in crews from California is because Con Edison either laid of much of their workforce or did not hire replacements for the members that were retiring. Therefore they had to make do with less and they had decide which areas needed their help most. Spock summed it up best.
In October, 2012, there were a total of 102 homes sold in our MLS. Of those sold,
1. $6000-$100,000=26
2. $201,000-$200,000=56
3. $201,000-$250,000=13
4. $251,000=$300,000=3
5. Over $300,000=4 Note-there are 269 homes over $300,000 for sale.
Included in the total above were 13 New Home Sales
In October, 2011, there were a total of 86 homes sold in our MLS. Of those sold,
1. $6000-$100,000=18 2. $201,000-$200,000=48 3. $201,000-$250,000=8 4. $251,000=$300,000=6 5. Over $300,000=6 Included in the total above were 18 New Home sales
