Tuesday, October 30, 2012

Real Estate market update for New Bern NC by PRIME Realty

                Real Estate market update for New Bern NC by PRIME Realty

  The national housing market continues to recover, indicated by consistent increases in both home sales and prices. Inventories in much of the United States are primarily balanced, which favors neither sellers nor buyers. However, large pockets of the country are experiencing inventory shortages, which puts pressure on prices. Many of the hardest-hit areas during the downturn now have some of the tightest inventories. The return of price appreciation and a stronger market, particularly in those locations, is a welcome signal of returning market health.

 “Some buyers are frustrated with mortgage availability. If most of the financially qualified buyers could obtain financing, sales would be about 10 to 15% stronger, and the related economic activity would create several hundred thousand jobs over the period of a year,” states NAR President Moe Veissi.

 Despite difficult mortgage qualifying conditions sidelining some buyers, others are still taking advantage of excellent housing affordability conditions, which is evidence of notable stored-up housing demand that accumulated since 2007. With the housing market coming close to a full recovery and mortgage rates hitting new record lows, the time to buy is now.

  As for our local market here in New Bern we currently have 1380 residential properties offered for sale. Our inventory is still on a high side but we are seeing signs of improvement. There are currently 180 residential properties under contract (30 of them are foreclosures) and this is a very important number that has been showing great improvement.

   Today we have 63 foreclosures listed for sale and that number is significantly higher then last this time last year. I am hoping that we will see this number start to decline soon.

   However with this many foreclosures on the market still dictating the prices and current interest rates it is definitely time to buy. As we are observing shifts in metropolitan markets and markets that have been experiencing decline before us I feel confident that next year in New Bern Real Estate market will look different then this one. I feel that we are approaching an end of buyer’s market conditions that we have been experiencing for several years now.

  As always PRIME Realty is right here to provide you any information’s you might need as well as offer you PRIME services in marketing and buyers agency.


                         www.PRIMERealtyNC.com   252-637-7463


3727 Elizabeth Ave ONLY $99,450

Great rental history


Single Family Home
Main Features
2 Bedrooms
2 Bathrooms
Interior: 900 sqft
Lot: 0.12 acre(s)
3727 Elizabeth Ave.
New Bern, NC 28562

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Sonja Babic

Sonja Babic

PRIME Realty & Development LLC
(252) 617-0861

Listed by: PRIME Realty & Development LLC

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Monday, October 15, 2012

New Bern Historical Society Ghostwalk 2012

New Bern Historical Society Ghostwalk 2012

October 25 - 27, 2012

The New Bern Historical Society conducts its Hallowe'en oriented Ghostwalk complete with ghosts from New Bern's past. Walking tours feature historic homes, churches and the Cedar Grove Cemetery. (Insiders recommend you attend all three nights.) Start with the cemetery tour the first night; do the following two choosing the attractions according to personal taste. Allow plenty of time to enjoy the walk. Ghostwalk focuses on historic events particular to New Bern, and ghosts from historic occasions are present in homes and historic buildings on the tour to tell how the times affected them.
Visit 18 ghost sites in homes and businesses in New Bern's Historic District and meet spirits of New Bern's past who will share their stories with you. Meet some of New Bern's real characters! Don't miss Agony Alley for kid-friendly games and activities at the historic Attmore-Oliver House.
Make sure to get your tickets on time as you dont want to miss
Tickets are available at retail locations and the historical society's headquarters at 512 Pollock Street.
Advance tickets: $15
Days of event: $20
Active Military & Dependents: $10
Students with current ID: $10
Children 5-12 years: $5
Under 5 years old: free
www.NewBernHistorical.org 252-638-8558

   Your North Carolina Broker  www.SonjaBabic.com

     New Bern NC Real Estate