Take a look at the Nelson Advantage website to get some information about year end 2007 for the Emerald Isle and Coastal Mainland, Carteret County area and how it stacks up. The current Connect to the Coast newsletter will be posted by the end of the day as well and is always available on YourNelsonAdvantage.com.
Bottom line, in Emerald Isle, we saw home buying decrease consistently from 2005 levels throughout 2006 and through the first half of 2007, and then in the last 2 quarters of 2007, this trend began to reverse, and the coast saw an up tick in the number of properties being purchased, moving up above the 2006 levels.
The only conclusion we, at Nelson Advantage, draw from this is that possibly, the decline in buying has stopped, the market is beginning to normalize, and prices are stabilizing. I do not see the prices moving up in the near future, but believe we have seen the low. Still significantly above the pre 2005 levels, but down from the anticipated selling prices we saw at the end of 2005 and into 2006. Lots of course, are lagging, but should follow suit as home sales pick up. Would love some comments from others about this, and what they see for this year.
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