According to Trulia:
The median sales price for homes in Bald Head Island NC for Jan 12 to Mar 12 was $562,500. This represents a decline of 2.2%, or $12,500, compared to the prior quarter and a decrease of 6.1% compared to the prior year. The average listing price for Bald Head Island homes for sale on Trulia was $1,089,461 for the week ending Apr 18, which represents an increase of 0.2%, or $1,765, compared to the prior week and an increase of 0%, or $325, compared to the week ending Mar 28. Average price per square foot for Bald Head Island NC was $877, an increase of 91.9% compared to the same period last year.
What it Means for Buyers and Sellers:
Sales prices have remained relatively steady since October of last year. But the number of sales have dropped off in March and April 2012. With an average listing price of $1,089,461 sellers may have a difficult time this summer season. And with a drop in sales, sellers may also get more aggressive in entertaining offers. All in all it is still a solid buyer's market. But with no foreclosures pending, the market has stabilized. With relatively steady economic predictions, prices are likely to go up rather than down. If you have been looking for awhile, now is the time to make an offer.
The median sales price for homes in Bald Head Island NC for Jan 12 to Mar 12 was $562,500. This represents a decline of 2.2%, or $12,500, compared to the prior quarter and a decrease of 6.1% compared to the prior year. The average listing price for Bald Head Island homes for sale on Trulia was $1,089,461 for the week ending Apr 18, which represents an increase of 0.2%, or $1,765, compared to the prior week and an increase of 0%, or $325, compared to the week ending Mar 28. Average price per square foot for Bald Head Island NC was $877, an increase of 91.9% compared to the same period last year.
What it Means for Buyers and Sellers:
Sales prices have remained relatively steady since October of last year. But the number of sales have dropped off in March and April 2012. With an average listing price of $1,089,461 sellers may have a difficult time this summer season. And with a drop in sales, sellers may also get more aggressive in entertaining offers. All in all it is still a solid buyer's market. But with no foreclosures pending, the market has stabilized. With relatively steady economic predictions, prices are likely to go up rather than down. If you have been looking for awhile, now is the time to make an offer.
Median Sales Price: One Year
Long Term Price Trend 2008-2012
Number of Sales: One Year
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