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Pamlico Property Preview: October 2014
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Friday, October 31, 2014. October, which is historically a problematic month for the stock market, had a brief 7% correction during mid month but then snapped right back to finish the month at brand new all time highs. With improving consumer confidence, low interest rates, and a stock market at new highs, the real estate market should be showing signs of strength, right? Wrong The Standard and Poors Case. Posted by Nick Santoro. Wednesday, October 1, 2014. It was also reported by the National Associatio...
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Pamlico Property Preview: December 2013
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Tuesday, December 31, 2013. 2013 Year In Review. On that happy note, I would like to wish everyone a happy and healthy 2014. Note Figures shown for the local real estate market have been taken from the NRRAR. Posted by Nick Santoro. Sunday, December 1, 2013. November is History - One Month to Go. Lot sales continue to lag home sales by a wide margin. There were three lot closings in the month of November, one of which was a commercial parcel on Rt. 55 that will be the site of a large Wal-Mart Sto...Note:...
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Pamlico Property Preview: May 2014
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Saturday, May 31, 2014. At the end of May there were a total of 368 lots for sale in Pamlico County and there were four lot sales closed during the month, two of which were in the mid $100,000 range. Interestingly, twelve lots pended during the month, four of which were priced above $100,000 and one was priced above $200,000. This represents the largest number of lots pended in one month in almost a year. Posted by Nick Santoro. Subscribe to: Posts (Atom). Here you'll find an ongoing discussion of curren...
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Pamlico Property Preview: December 2014
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Wednesday, December 31, 2014. Out With The Old, In With The New. Money, the fuel upon which the economy runs, is cheap - cheaper even than it was a year ago. At this time a year ago, the yield on the 10 Year Treasury stood at 3.03%. It closed out the last day of trading for 2014 at 2.17% and the average interest rate on a 30 year fixed mortgage stood at 3.87%. Is quite simply that this is a great place to sail and a long season in which to enjoy being out on the water. It is still very much of a "Buyer's...
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Pamlico Property Preview: May 2015
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Sunday, May 31, 2015. Early in January I suggested that 2015 would be a better year for real estate here in Pamlico County than 2014. While lot sales have exceeded the pace of 2014, home sales have not. I expect that this will change. Posted by Nick Santoro. Subscribe to: Posts (Atom). Welcome to Real Estate Market Commentary from Pamilco Property Preview. MORE INFO and FEATURED LISTINGS AT. Promote Your Page Too.
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Pamlico Property Preview: June 2015
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Tuesday, June 30, 2015. 2015 Half Time Report. The National Association of Realtors reported that Pending Home Sales rose .9% in May and Pending Sales now stand at a nine year high. Sales that are Pending are homes under contract and expected to close within 60 days. How does the local real estate market here in Pamlico County measure up to national standards? Note: Statistics on real estate activity in Pamlico County have been provided by our local MLS service. Posted by Nick Santoro.
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Pamlico Property Preview: August 2014
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Friday, August 1, 2014. As we observed on the July 31st there were two notable surprises. The Dow Jones Industrial Average, which had been quietly making a series of new highs in recent months fell more than 300 points and the Ten Year Treasury bounced up to 2.59%. The drop in the Dow erased the entire gain for the year in that index. And www.sailingcapitolofnc.org. Posted by Nick Santoro. Subscribe to: Posts (Atom). Welcome to Real Estate Market Commentary from Pamilco Property Preview.
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Pamlico Property Preview: July 2015
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Friday, July 31, 2015. July Update - A Tale of Two Markets. For anyone considering a lot purchase here in Pamlico County, you should be aware that while there are many lots currently on the market, there are only a few that offer sailboat depth water. If that characteristic is an important feature for your future plans, you should take the time to explore the current possibilities. That small number will only get smaller over time. Posted by Nick Santoro. Subscribe to: Posts (Atom). Promote Your Page Too.
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Pamlico Property Preview: October 2013
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Thursday, October 31, 2013. Posted by Nick Santoro. Tuesday, October 1, 2013. Third Quarter Wrap Up. Sales of vacant lots which have not yet enjoyed the upswing we have seen in home sales remained sluggish. Only 7 lots were sale pending at the end of September and only one lot had closed during that month. The lot that closed was a waterfront lot with a dock that closed at $125,000. Posted by Nick Santoro. Subscribe to: Posts (Atom). Welcome to Real Estate Market Commentary from Pamilco Property Preview.
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Pamlico Property Preview: March 2014
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Saturday, March 1, 2014. In Like a Lamb. While many parts of the country are still caught in the grips of this lion of a winter, the real estate market has spent the first two months of the new year limping in like a wounded lamb. It is difficult to know, as yet, how much of the lamb's wounds were inflicted by winter's lion. The answer to that question will have to wait until the cherry blossoms bloom. Posted by Nick Santoro. Subscribe to: Posts (Atom). MORE INFO and FEATURED LISTINGS AT. In Like a Lamb.
