 As reported by the Triangle MLS, U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines.  Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price in the Triangle Region hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR. New Listings in the Triangle Region increased 22.4 percent to 4,607. Under Contract Sales increased 4.7 percent to 3,684. Inventory decreased 1.8 percent to 6,327. Median Sales Price increased 2.5 percent from $400,000 to $410,000. Days on Market decreased 58.5 percent to 17. Months Supply of Inventory were dead even with last year. Warmer temperatures appear to have helped bring some sellers back to the market, providing additional options to home shoppers during the spring buying season. Total inventory was up 4.7% month-over-month and 14.4% year-over-year, for a 3.2 months’ supply at the current sales pace, according to NAR. Nevertheless, demand continues to outpace supply and properties are selling quickly, with the typical home spending 33 days on market nationwide, down from 38 days the month before.  In April, Chatham County saw a noteworthy 19% surge in new listings, totaling 150 compared to last year's 126. Despite a slight dip of 7.1% in closed sales (105 from 113), the median sales price soared by an impressive 14.4%, surpassing the MLS median.  Durham County experienced a mixed bag of results, with new listings and closed sales rising by 8.9% and 3.9%, respectively. However, the median sales price dipped slightly by 1.2% to $410,000, while the average sales price increased by 0.5%.  In Orange County, listings shot up by 12.7%, reaching 204 this year. Closed sales saw a 6.7% boost. Although the median sales price saw a slight decrease of 0.5%, Orange County's median sales price still outpaced the MLS median.  Person County saw a commendable 10.6% uptick in listings, totaling 52. Closed sales rose by 3.3%, and the median sales price surged by an impressive 13.7% year-to-date. However, it remained below the MLS median.  Wake County witnessed a remarkable 22.9% surge in new listings, reaching a total of 1,505. Closed sales also saw an uptick of 5.8%. The median sales price increased by 5.3%, signaling a strong market, with Wake County's median exceeding the MLS median in April.
Did you know? Hiring a realtor can save you time and stress in the home-buying process. Their expertise in the market, negotiation skills, and knowledge of the paperwork can streamline the journey to your dream home, ensuring a smooth and hassle-free experience. Engaging a seasoned REALTOR like Carl Johnson, who is well-versed in the Greater Triangle area, brings a wealth of negotiation skills to the table. Whether you're buying or selling in Durham, Chapel Hill, Carrboro, or elsewhere in the Greater Triangle, Carl's expertise ensures you get the best deal possible. From navigating counteroffers to securing favorable terms, Carl Johnson’s finesse in negotiations can make a substantial difference in the outcome. Trusting Carl ensures you have a dedicated advocate, maximizing your chances of closing the deal on your terms. Call 919-880-0904 or CLICK HERE today to leverage Carl's expertise in the Greater Triangle.
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 Explore the ever-evolving real estate tapestry of the Crystal Coast, where every neighborhood tells its own compelling story of market activity. From bustling hubs to undiscovered treasures, embark on a journey to uncover the freshest trends in residential and multi-family properties across our diverse locales. Delve into the data and unveil the standout areas that are seizing the spotlight with their dynamic sales and enticing investment prospects. Stay tuned to this monthly blog series to stay abreast of the market pulse and make informed decisions as you navigate the Crystal Coast real estate landscape.  Atlantic Beach, a bustling market with 77 active properties and 9 fresh listings, witnessed 15 properties sold, boasting an average price of $845,007.
Beaufort emerges as another vibrant hub, presenting 129 active listings and welcoming 25 new ones. Among these, 17 properties found new owners, with an average sale price of $454,866. Despite its smaller scale, Cape Carteret showcases resilience with 19 active listings and 7 new ones, resulting in 2 properties successfully sold, fetching an average price of $368,452. Emerald Isle maintains its allure with 101 active listings and 22 new ones. While 24 properties changed hands, the average sale price stood impressively at $1,024,635. This coastal gem continues to captivate both buyers and sellers alike, showcasing the robustness and allure of the region's real estate market. Indian Beach displays promising activity with 28 active listings and 3 fresh arrivals. Five properties found new owners at an average price of $958,900. Morehead City proves its resilience with 83 active listings and 34 new additions. Notably, 21 properties were successfully sold, boasting an average price of $396,210. Pine Knolls Shores shines brightly, featuring 20 active listings and 5 new entries. Despite the modest numbers, 6 properties were sold, commanding an impressive average price of $624,117. In Swansboro, 56 active listings and 23 fresh additions denote a healthy market. Twelve properties were successfully sold, with an average price of $489,708. The home buying or selling process can be very intricate, involving paperwork, market knowledge, and experience in handling situations as they always arise. A REALTOR like Carl Johnson is well-versed in navigating these complexities and streamlining the journey for you. At Carl Johnson Real Estate, we have an extensive network of professionals – from mortgage brokers to inspectors – ensuring a seamless process. By leveraging our trusted partners and our resources, you save time, energy, and money, allowing you to focus on your next move, which is more than enough to focus on as there is so much to do when moving. Call 919-880-0904 or CLICK HERE today to experience Carl Johnson Real Estate in Carrboro, Hillsborough, the Greater Triangle and Crystal Coast.  This month, I'm sharing with you how you can tap into the power of equity to enhance your lifestyle now or to help the next generation of your family. Equity is like a hidden gem within your assets, waiting to be unearthed and utilized for your benefit or the benefit of your loved ones. Whether you're looking to elevate your lifestyle now or pave the way for future generations, tapping into the power of equity can be a game-changer.  By tapping into the power of equity, you have the opportunity to enhance your lifestyle, achieve your goals, and leave a lasting impact on future generations. Whether you're seeking immediate benefits or long-term security, unlocking the potential of equity can be a transformative journey towards financial empowerment and generational wealth.
The home buying or selling process can be very intricate, involving paperwork, market knowledge, and experience in handling situations as they always arise. A REALTOR like Carl Johnson is well-versed in navigating these complexities and streamlining the journey for you. At Carl Johnson Real Estate, we have an extensive network of professionals – from mortgage brokers to inspectors – ensuring a seamless process. By leveraging our trusted partners and our resources, you save time, energy, and money, allowing you to focus on your next move, which is more than enough to focus on as there is so much to do when moving. Call 919-880-0904 or CLICK HERE today to experience Carl Johnson Real Estate in Carrboro, Hillsborough, the Greater Triangle and Crystal Coast.  During his recent trip to the Crystal Coast, Carl stumbled upon a real winner in Morehead City, NC: Casa San Carlo. Tucked away in the heart of the city, it's the kind of spot where you walk in and immediately feel like family. Chef Carlo Cappiello has been rocking the kitchen since 1992, dishing out the most mouthwatering Italian flavors. From classic pasta dishes to seafood delights, every bite is like a little slice of Italy right here in North Carolina.
What sets Casa San Carlo apart is not just the quality of its cuisine, but also the ambiance it exudes. As a definitive neighborhood bistro, Casa San Carlo welcomes guests from all walks of life, inviting them to savor the warmth of Italian hospitality in a casual and inviting setting. Whether you're a local resident or a traveler passing through Morehead City, a visit to Casa San Carlo promises to be a memorable culinary journey through the heart of Italy. So, if you're craving some serious Italian flavor and a cozy vibe to match, Casa San Carlo is where it's at! Did you know that Carl Johnson Real Estate assists buyer & seller clients from Swansboro to Beaufort? Don't wait to start your real estate journey at the Crystal Coast. Call 919-880-0904 or CLICK HERE today to speak with a knowledgeable and experienced REALTOR who can guide you through the entire process.  A major national homebuilding company has invested heavily in Triangle land acquisitions in early 2024, despite a slowdown in new home construction nationwide. Lennar Corp. has purchased around 270 acres across five subdivisions in Durham, Garner, and Knightdale, according to records from Wake and Durham County.
While some of these communities already boast completed homes, Lennar intends to expand its presence by constructing additional residences in these areas. The largest parcel obtained by Lennar spans approximately 164 acres at the StoneRiver subdivision in Knightdale, costing $70.7 million. This planned residential development is slated to feature 299 single-family homes and 102 townhomes, although specific pricing and home details have not been disclosed by Lennar. Despite the national decline in single-family home starts, Lennar remains optimistic about the Triangle's housing market, citing strong demand and a persistent shortage of housing supply. Stuart Miller, Lennar's executive chairman, emphasized their commitment to addressing this housing shortage across various markets, including the Triangle and North Carolina. In addition to new developments, Lennar has acquired 18 lots in Durham's existing Tanglewood subdivision and 10 lots in the Triple Crown subdivision, aiming to bolster these communities with more homes. The Tanglewood neighborhood, offering townhomes starting in the upper $300,000s, is situated near the Brier Creek Country Club. Meanwhile, Triple Crown, located south of Highway 98 and the Falls Village Golf Club, presents single-family homes and townhomes starting in the mid $300,000s, complete with amenities like a swimming pool, playground, and community trail. Lennar's expansion efforts extend to the Corners at Brier Creek community, where they procured 24 lots for townhome construction at a cost of approximately $3.1 million. These townhomes, starting in the low $400,000s, provide residents access to various amenities including a park, dog park, and playground. Corners at Brier Creek is conveniently located on the eastern side of Highway 70, adjacent to popular establishments like Harris Teeter and Bad Daddy’s Burger Bar. It's essential for buyers interested in new construction homes to remember the dynamics at play in the real estate market. When you step into a new construction model home, you're often greeted by a friendly and knowledgeable salesperson—someone who represents the builder's interests. It’s crucial for prospective buyers to recognize the importance of having their own representation in these transactions. Just as the salesperson is looking out for the best interests of the builder, a buyer's REALTOR is dedicated to advocating for the buyer. They can provide valuable insights, negotiate on your behalf, and ensure that your interests are protected throughout the purchasing process. By partnering with a reputable REALTOR like Carl Johnson Real Estate, you gain a trusted advisor who understands the intricacies of the local market and is committed to securing the best possible outcome for you. Whether you're navigating the complexities of new construction or exploring existing communities, having a dedicated REALTOR in your corner can make all the difference. Call 919-880-0904 or CLICK HERE today to tap into Carl Johnson Real Estate's expertise.  I thoroughly enjoy collaborating with my clients on the Crystal Coast for various reasons. It's home to some of my preferred dining spots (Check out our article highlighting top restaurants from Swansboro to Beaufort!), offers fantastic outdoor activities like visiting the Cape Lookout Lighthouse, and fosters a wonderful community atmosphere. Even if purchasing property by the coast isn't on your agenda right now, it's never too soon to start planning your next getaway. The allure of the ocean beckons year-round, especially in a state like North Carolina where a beach trip is always within reach. The Crystal Coast, spanning from Swansboro to Beaufort, often referred to as the Southern Outer Banks, is just a three-hour drive from downtown Durham. As you map out your next excursion to the Crystal Coast, consider these two noteworthy events:  Photo Credit: Beaufort Historic Site Event: Annual Old Homes and Gardens Tour Location: Beaufort Historic Site, Turner St., Beaufort, NC Date: June 28-29, 2024 With over six decades of history, this event still enchants visitors. Wander through the beauty and heritage of privately owned homes, immersing yourself in the Southern charm of the Crystal Coast. For a nominal fee, you can partake in this annual Beaufort tradition and explore unique homes, picturesque gardens, local churches, and art studios restored to capture the essence of the area.  Photo Credit: BIG ROCK KIDS Event: Annual Big Rock Kids Fishing Tournament
Location: Morehead City, NC Date: July 10-13, 2024 A delightful event tailored for children! This three-day catch-and-release tournament aims to educate and engage youngsters in deep-sea fishing. Not only does this annual tournament support children's charities, but it also draws over a hundred participants each year and continues to grow. To learn more about Crystal Coast communities, their events, and where to stay and eat, CLICK HERE If you're prepared to invest in your dream property on the Crystal Coast, reach out to us at Carl Johnson Real Estate by calling 919-880-0904. We're here to guide you through the process and help you reach your goals. Considering selling or liquidating your coastal asset? Let's initiate a discussion on how we can set your home apart from the rest. Our approach to listing goes beyond the ordinary. From personalized digital marketing strategies to crafting stunning 12-page souvenir brochures showcasing your property, we are committed to exceeding your expectations. CLICK HERE to see samples of our marketing.  The Triangle’s spring housing market is bustling with activity, offering promising opportunities for home sellers to capitalize on. Despite a slight slowdown in inventory, the latest report from Triangle MLS (TMLS) reveals encouraging trends for sellers. With inventory decreasing by 12% year-over-year and under-contract sales dipping by 14.3% over the past 12 months, homes are selling faster than ever, spending an average of just 41 days on the market compared to 49 days previously.
Of particular interest to sellers, the persistent housing shortage in the region is driving up prices and intensifying competition, creating an advantageous environment for sellers. Despite an increase of 5.2% in new listings across the Triangle, demand continues to outpace supply, particularly in sought-after areas like Cary and Apex. Here, listings are attracting multiple offers, resulting in higher selling prices and shorter time on the market. Buyer interest remains robust, with Cary, Apex, and Morrisville emerging as hotspots for real estate activity. Chapel Hill and Carrboro also exhibit strong buyer demand, signaling widespread interest across the region. For sellers, these market dynamics present a golden opportunity to fetch higher prices and sell their homes faster than anticipated. By leveraging the expertise of an experienced REALTOR like Carl Johnson Real Estate, sellers can navigate this competitive landscape with confidence. With a comprehensive understanding of local trends, property values, and neighborhood dynamics, Carl Johnson Real Estate offers invaluable guidance to sellers. Having a dedicated REALTOR in your corner can make all the difference. Call 919-880-0904 or CLICK HERE today to tap into Carl Johnson Real Estate's expertise.  This month, we at Carl Johnson Real Estate are committed to empowering our clients to make meaningful contributions to their family's future by facilitating the journey to homeownership. Whether it's assisting a loved one in realizing their homeownership dream or providing financial guidance to those striving towards this goal, we're here to offer comprehensive support every step of the way.   With our expertise and personalized approach, we at Carl Johnson Real Estate ensure that each client receives tailored solutions that align with their unique circumstances. Beyond the transactions, a REALTOR like Carl Johnson provides a steady hand and emotional support throughout the process, especially in the Greater Triangle. Buying or selling a home can be a rollercoaster of emotions and having a trusted professional like Carl by your side can alleviate stress. His commitment to professionalism ensures a smooth experience, guiding you through the highs and lows with confidence. With Carl Johnson Real Estate, you're not just gaining a real estate expert but a supportive partner invested in your success and future. Call 919-880-0904 or CLICK HERE today for the personalized touch you deserve in the Greater Triangle.
 1. Beaufort is the third oldest town in North Carolina.
Established in 1709, Beaufort is a quaint coastal town located on Beaufort Inlet, a channel leading south to the Atlantic Ocean. It has a residential population of about 4,000 with a high influx of visitor traffic during the warmer months. The Plan of Beaufort Towne, laid out in 1713, survives in a 12-block area, which today is on the National Register of Historic Places. Today, it holds the County Seat of Carteret County, NC. Beaufort is home to the jail and courthouse. 2. It’s pronounced differently than South Carolina’s town of Beaufort. For NC, it’s “bow-fort”, for SC it’s “b-yew-fort”. 3. Its name comes from Henry Somerset, Duke of Beaufort. He was an English politician, and the 2nd Duke of Beaufort. 4. It was ranked as “America’s Coolest Small Town”… …by readers of Budget Travel Magazine on February 1, 2012. 5. Travel and Leisure named it “America’s Favorite Town” in 2014 The early economy of Beaufort was on the use of natural resources in the area. Hence, fishing, whaling, the production of lumber and naval stores, shipbuilding, and farming were the chief economic activities. Though Beaufort had the safest and most navigable harbor of any of the ports of North Carolina, extensive commercial activities failed to develop, owing to the fact that the town was almost completely isolated from the interior. Now, Beaufort’s economy depends heavily on tourism, supplemented by a regional boat-building industry. 6. It was also ranked as No. 8 “America’s Best Town for the Holidays” in the same magazine. It’s no wonder, with all the historic homes decorated with lights for the holiday season, Beaufort really is a beautiful place to celebrate this time of year. Approximately 150 of the restored historic homes bear plaques noting names of the Town’s earliest known owners and dates of original construction. 7. Blackbeard the Pirate crashed his ship here. In 1718, at what’s known now as the Beaufort Inlet, Blackbeard ran his famous Queen Anne’s Revenge aground. Originally a fishing village and port of safety dating from the late 1600s, Beaufort has been visited by patriots, privateers, merchants, and skilled craftsmen who built Bahamian and West Indian-style homes and public buildings. 8. Beaufort houses a Duke University Marine Laboratory Called the Nicholas School of the Environment, it’s one of ten graduate and professional schools of Duke. Marine science research figures prominently. 9. There’s an Old Burying Ground. Located on the 400 block of Ann Street in Beaufort’s historic district, the town’s oldest cemetery holds fascinating stories about Beaufort’s 300-year history! Many graves are marked with shell, brick, or wooden slabs because stone markers would have to have been brought from afar by wooden sailing vessels. Others have vaulted markers, which were covered in brick to protect them from high water and wild animals and are characteristic of many historic seaport towns. Uncovered by an archaeological survey in 1992, the seemingly empty northwest corner of the cemetery is in fact its oldest section, with many unmarked graves dating from the early 18th century. A record from September 1711 notes the area had “been depopulated by the late Indian War and Massacre.” It is probable that those in some of the unmarked graves perished during wars with Coree and Neusiok Native Americans. Other inhabitants include a child who died at sea and was buried in a keg of rum, as well as the great privateer Captain Otway Burns and the crew of the Crissie Wright who died when their schooner went aground at Shackleford Banks during a January storm in 1886. It is the resting place of about 200 pre-American Civil War era gravestones. 10. Carl Johnson Real Estate assists buyers and sellers from Beaufort to Swansboro and its surrounding communities of the Crystal Coast. If you’re ready to buy and/or invest in your own dream property at the Crystal Coast, give us a call today to learn more about how we can help get you to where you want and need to be. Ready to sell or liquidate your Coastal asset? We can help with that as well. Call Carl Johnson Real Estate--919-880-0904—to start a conversation on how we list a home differently and better than the others! From custom digital marketing to beautiful print media, we cover it all! Learn more about the Crystal Coast Communities CLICK HERE |
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