New Construction Report - Craven County

Home builders marketing is going better than the rest of the market. New construction makes up about a third of the homes sold in the last twelve months. Two years ago builders were having severe troubles. They had inventory that the market was rejecting. Nimble builders such as Frank Crayton, Pat McCullough, and Rick Schepard responded by creating products that the market wanted. Builders sold 288 of the 870 homes sold in the $80,000 to $350,000 range in Craven County. Currently there are 242 new homes on the market. (80 of these are Skysail condos) .Compare these numbers to the total market. See my Blog of November 1,2010. The great new homes that builders produce are often priced below the price of homes that were purchased during the strong market of several years ago. The fact that new homes capture such a large part of the market has hampered the individual trying to sell theirs.

 
 
 
 
 
 
 
 
 
 
 
by Gary Barker
 
Gary has been selling real estate in New Bern since 1977.

Visit my website http://www.gary-barker.com/