Market Update: Carolina Beach and Kure Beach, NC
By Kathy Knight, BROKER, ABR, CRS, GRI, SFR, SRES
(Intracoastal Realty Corp)
Lots of deals right now at Carolina Beach and Kure Beach. IRC just had a price drop of $ 50 K on an oceanfront home. It is now priced at $ 525K for oceanfront. These are 2003 or earlier prices. In 2005 this would've have been closer to a 1 million dollar asking price. Buy now for investment and future enjoyment - prices will never be this low again. Carolina & Kure Beaches - There are currently 395 single family homes for sale and this represents little change from February 1, 2011 and 8.4% of our total WRAR inventory. The average list price is $381,410 and decrease of about $8,596 from February. In February there were 18 homes sold, divide that by the homes available and you have a 21.9 monthly supply of homes in Carolina and Kure Beach. The average sold price for the month of Februa...
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