While the title may be a little confusing there really is not a "Cherry Point Real Estate Market". All housing on the base is owned by the U.S. Goverment and handled by the base or outside contractors. The off-base real estate market is Havelock and the surrounding civilian communites are impacted as well. For the sake of this article let's say Havelock gets the lions share of the Cherry Point off-base housing market.
Home sales last 12 months 306
Sales price range $46,000-$300,000
Homes on market as of May 1 2008 137
Last 3 months averages>>>>>
6.5 month supply of inventory on the market for sale (balanced)
Average days on market 85
Sales price to list price ratio 98%
Average sales price $149,603
This market is humming!
I was on my way back to New Bern from a listing appointment this afternoon when I spotted 7 really big cranes on the New Bern horizon.
Nope, I'm not talking about the bird family, I'm talking about construction cranes!
New Bern is growing in many ways. We have 4 cranes on the new draw bridge construction site(photo above), 2 in the James City area and one monster crane working at Craven Regional Medical Center!
One thing is for sure, when the "cranes" leave the money flows in.
Here we grow again!
The sound of freedom will be roaring in the skies over eastern NC June 6-8 2008 as the MCAS Cherry Point Air Show thrills active and retired military as well as civilians from near and far.
The Air Show is billed as NC's largest air show and is expected to draw 150,000 plus spectators over the 3 day week-end.
Scheduled performers include:
Gates open at 5 p.m. on Friday June 6 and end after a massive fireworks display at 9 p.m.
Gates open at 8 a.m. on Saturday and Sunday with flights beginning at 10 a.m.
This is a massive event so plan to arrive early, bring your personal items(shades, sunscreen, chair or jacket).
PARKING AND ADMISSION IS FREE, SO IT WILL BE A LARGE CROWD! BE PREPARED.
For the most current detailed information check out the website: www.cherrypointairshow.com
The North Carolina Marine Corps Host Communities Growth Task Force has been formed to assist in a unified community planning effort to address issues that may arise due to projected growth in eastern NC and growth in the military personnel at Camp Lejeune, MCAS New River and MCAS Cherry Point.
Projected growth of the civilian population and USMC personnel have planner looking at a possible increase of 61,000 people in the next five years. This represents a possible increase of 13.7% population growth.
USMC growth
Projected at about 25,000 which is comprised of 11,500 new active duty and 13,500+ dependents.
Normal Civilian growth
Projected growth 2006-2010* OF 21,300+ *NC Office of State Budget and Management
Induced growth
As many as 15,000 people are projected to be indirectly associated with USMC growth in the region
Region issues being evaluated are:
Water, sewer, housing.
Education, transportation, law enforcement.
Health care, community services, work force development.
Economic development, conservation and preservation of the local environment.
The task force goal is to be a liaison between local, state and federal resources and the military to provide planning and assistance to military growth communities.
The projected impact areas are:Onslow, Craven, Carteret, Jones, Pamlico, Pender and Duplin counties in eastern NC.
This information is for the Neuse River Region Association of REALTORS® serving the New Bern, Havelock, Cherry Point area, Craven and Pamlico Counties as well as parts of Carteret and Jones Counties, NC.
Well the numbers are in and while the talking heads continue to pound the national real estate market I remain "BULLISH" on real estate. Real estate is one of the few investments that you can put your hands on, walk across and make improvements to . Everyone needs shelter.
First Quarter 2008 First Quarter 2007
Single Family home sales * 337 492
Average days on the market * 139 96
Average sales price * 203,389 194,721
Median sales price * 167,250 165,000
Craven County foreclosures 98 80
City of New Bern permits Single family 30 66
Craven County Single family permits 85 113
Unemployment rate Craven County 4.8% 4.5%
It's still a "buyer's market" which means it's a great time to buy. This market is ripe with some exceptional opportunities for smart people willing to take advantage of the situation. Seller's are more realistic with pricing, inventory is great, with desirable properties to choose from and interest rates are at historic low levels.
*These sales numbers come from the Neuse River Region Association of REALTORS® MLS. While assumed accurate are for information only.
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Graduate REALTOR® Institute, GRI® , Accredited Buyer's Representative®, ABR® short sale specialist, CDPE®. CENTURY 21 Military Relocation Network® quaified.
Hey Homer, Just wanted to say thank you very much for all that you did for us!! Not only did you do your job, but I can say that you went beyond your duties to help us. We are enjoying (loving it) our new house. I still don't think it has hit reality that we own this house and we live in the neighborhood that we always wanted to live! I never thought it would even be possible to live in Carolina Pines! That it was a far away dream! But thanks to HOMER RAY, our dream came true! K & A Butzer Sept. 2009
Homer is a great individual who takes other peoples feelings and interests into consideration before his! He is very hard working and caring! He does what is not only expected from a buyers agent, but Homer also goes above and beyond just to make sure his clients are satisfied. My family and I could not thank Homer enough for helping us through one of the toughest decisions of our life. We as a Marine Corps family say "OORAH" Homer, Thank you! T. and K. Wells May 2009
Homer, I would like to thank you for your dedication and hard work in finding my new home on the river in Jones County. I attribute this great find to you. Closing was easy with you navigating the deal. I will not hesitate to recommend your services to my friends,acqaintances or family. I know they are in good hands. D.Brinkley March 2008
Dear Homer: We would like to thank you for the many hours of hard work you put into selling our property....Thank you for getting us the real value of our house. Feel free to use us as a reference anytime. Your honesty is one of your greatest strenghts. J.& F. Mears January 2008
Homer: Thank you so much for helping us find a new home, and for being honest with us every step of the way. I think you're a good broker/REALTOR® and you have the touch for it. Keep up the GOOD work! S.& M. Huff December 2007
I work extensively in Craven County, North Carolina including New Bern, Havelock, the MCAS Cherry Point area, River Bend, Brices Creek, James City, Carolina Pines. I like the area known as the US 70 east Corridor and dedicate alot of time in order to stay informed of what is happening in that rapidly growing area. I also work in Pamlico, Jones and Carteret counties when a client needs my services.
I proudly have the honor of serving the personnel at Marine Corps Air Station Cherry Point and their families with housing and relocation services. Check out my web-site www.cherrypointrelocation.com for information about the eastern N.C. real estate market.
Thanks to the efforts of our Armed Forces every where, civilians like me can live a pretty normal life.
Living here in New Bern since 1983 makes me very familiar with the area. This helps me help you. Let's talk soon!
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