Update on Carolina Beach Condo Market +24% Prices

Carolina Beach Condos below

pronounced with the oceanfront niche of


condos in Carolina Beach the other thing


you look at the prices here I have one


if I can pull it up here going back


three years prices have gone up

hopefully this will fit on my chart 25


percent right there but if you look at


even in just the last year and you do

the same thing I’m gonna try and do a


little cut out here live with you to


make it more interesting to look at


visually just the last year alone we


have a calculated about to be 20%


increase in the condo prices at Carolina


Beach so a couple of things for


perspective this this property at its


peak let’s get back to it these two twos


at their peak oceanfront they were


probably closing like five hundred I’ve


been saying I’ve been thinking anyway


we’re not going to get back


Pease we’re gonna go close though


because now we don’t have interest only


loans we don’t have no doc loans I


literally go back in and I said see some


bizarre previous sold prices like I was


at Surf City I think or Topsail Beach


there was a home listed for 385 and it


closed for 800 before and I’m thinking


that must have been one of those


interest-only know doc type loans during


the frenzy so we had controls in place


for the market to not get out of hand


but with this severe inventory shortage


and what I’ve predicted with a great


economy that I was expecting going back


several years ago that the prices are


going back and are probably going to go


back up real close to the previous Peaks


there’s still a lot of upside left but


the time Tobias now don’t wait much


longer you’ll be sorry for it the last


three years every year that you waited


you might have lost you know $15,000 in


value for example so it’s a serious deal


with 2019 the rental season is about to


arrive for the vacation rentals in


Carolina Beach and North Carolina so it


behooves you to get under contract to


get your home out there for rentals by


May so the time is running out on that




thanks so much and I look forward to


negotiate the best possible deal with


you next I’m going to do an article and


how to win it real estate when there’s


no inventory and I know a lot about this


from my experience both locally but


especially in Northern Virginia where


for seven years I was a top 1% agent in


the most wealthy county in America and


for a long time there we were in the


frenzy there was always three to ten


competing offers etc so I became a ninja


Grand Master and helping people win it


real estate when there was no inventory


I’ll talk to you soon

[tribus-listings property_type=”Condo” city=”Carolina Beach”]

Jay Seville


One of the nation’s first 2.0 realtors…after hitting the highest levels of achievement at RE/MAX, Jay Seville left and formed his own brokerage in 2007 creating much business that he shared with his agents to help them make a great living. He has been principal broker and team leader of a buyer agent team since 2005.