When is the bottom really the bottom? It has been difficult over the past few years to determine if the real estate market has actually reached the point where it just isn't going to go any lower.
We may be very close to the bottom.
Here on the southeast coast of North Carolina, oceanfront and beach property, golf and retirement homes, vacant land -- we are seeing prices and deals that make buyers dance. We are seeing golf course homes in well established communities such as St. James Plantation selling in the low $200,000 range. Beautiful golf course lots in prestigious locations are going for a third of the prices from four years ago.
Oak Island beach homes, waterfront or a short walk to the beach, can be had from $120,000 and up. Southport real estate in the historic town is in good supply at superb prices.
And interest rates -- no one could have predicted we would see the 3% neighborhood!
We are nearing the bottom of the market and inventory is fabulous.
The winter cold and snow may just have you thinking it's time to look, to talk, to think things over. We can find listings to represent any price range. Contact me at any time and we can talk about other amazing opportunitys for you!
Bob@ThreeRiversRealtyNC.com
