Tuesday, July 21, 2009

Real Estate heats up!

Almost $19 million in sales volume last week for Intracoastal Realty. That is double the same week of 2008. Personally, I have had several oceanfront sales at Carolina Beach with the continuation of multiple showings at our other beach listings & several buyers showing up, looking specifically for oceanfront property.

The bank owned market segment is still going strong & spread all over the price ranges. I continue to show these type of properties whether it's a short sale or bank owned foreclosure.

The under $300,000 homes continue to dominate the sales on a daily basis with larger homes falling into the mix on a sporadic basis.

RISMedia just put out that the national listing inventory has fallen again this month for a consecutive 12 month decline in the number of single family homes & condos listed for sale.

All these are strong signs, combined with great interest rates. Is now the time to buy real estate for long term growth.....YES IT IS!

Wish I had some cash to snatch up some of these bargains!!!!!!!!!

Call me today at 910-619-6174