Hotel/Inn For Sale - Carolina Beach

$599,999

Circa 1951 charm in this quaint Inn located in Carolina Beach along great shopping and restaurants. Only one block to the ocean!!! Many renovations throughout while keeping majority of original woodwork. 13 rooms total including a one bedroom apartment on ground level. Mixed use zoning allows for many opportunities as bed & breakfast, retail or multifamily operation. Call, text or email me for more details.....910-619-6174

Trulia.com & Zillow.com

Hey - check out these real estate search engines. Great places to find useful stats on home sales and home values. Consumers can search for real estate agents, ask questions or advice from the professionals and find homes in their area.

www.trulia.com

www.zillow.com

June MLS Stats are in!

OK. So I'm sure everyone sees the bad rap the real estate market has been getting in the press lately. Well our local market has actually seen an increase in number of units sold, to date, since June of 2009. Also, in certian micro-markets around town we are seeing prices stabalize. That is the good news!

The bad news?.......There is a looming "shadow inventory" of foreclosed homes across the nation that may flood the market with new "distressed" listings for sale. This can affect sales prices in areas where there are multiple bank owned properties.

But for the buyers, there are some unbelievable deals. I had an investor tell me the other day, he bought a 2 bedroom house for $15,000...........that's a steal. And he can probably rent it for $650 a month! On the other end of the spectrum, I have a waterfront home with 2 boatslips listed for sale, bank owned, that just went under contract for $200,000 less than asking price........Wow!

Check out my other bank owned properties on our team website. www.leecrouch.com or simply text or call me at 910-619-6174 and I can tell you all about the great deals out there!