MARKET UPDATE – CAROLINE BEACH, NC and KURE BEACH, NC
Jun
14
Written by:
6/14/2010 2:00 PM
Carolina & Kure Beach 
There are currently 534 single family homes for sale and this represents a 1 unit increase over May 1, 2010 and 9.4% of our total WRAR inventory. The average list price is $415,478 an decrease of about $4,319 from April. In May there were 36 homes sold, divide that by the homes available and you have an 14.8 monthly supply of homes in Carolina and Kure Beach. The monthly supply of homes continues to come down, this is good. The average sold price for the month of May was $280,803 and is down $11,070 from last month. In May 2009 we had 25 home sales at an average $339,081. When we look at our rolling 12 months June 1, 2009 to May 31, 2010 we have 298 homes sold at an average price of $285,135. While June 1, 2008 to May 31, 2009 we had 249 homes sold at an average price of $340,462.
This data was pulled on June 12, 2010, based on information from the Wilmington Regional Association of REALTORS Incorporated, for the period Jan. 1, 2005 through May 31, 2010.
Information supplied by David Flory of Cunningham Mortgage, Wilmington, NC