My New Blog

Hello!

Just an update on how things are going in the housing market here in the Outer Banks.

January sales for 2010 actually doubled from January 2009 but still down quite a bit from the Boom before 2006.  The mean sales price is also up, mainly due to the selling of a few larger homes.  Distressed properties still were at the 40% level for January and I would say that that is continuing. There were 2084 units on the market in January, about 1300 of them under 300,000. Pending sales have increased - though some short sales are taking quite a few months to close.  That situation seems to be improving.

I am currently working on getting a special short sale/ forclosure certification to assist my clients in getting the best possible homes as smoothly as possible.  The certification will be complete by the middle of March.  Please let me know if I can help answer any questions in this confusing market!

I wish you a wonderful, warm, snow-free spring!

Carol