Things are changing daily and weekly in ANY real estate market and the best analogy I have found is that real estate is just like the weather, it’s very local in nature. What is true for one zip code or neighborhood isn’t the same for one down the road. Commercial development, road construction, school zone changes, rates of bank owned homes all can change resale numbers and price per square foot valuations on properties.
Our local Jacksonville/Onslow County/Eastern NC market is affected by these changes as well as the rate of plus ups or cut backs of military bases. We are blessed with a ton of new construction on Camp LeJeune (new ranges and more, and increased treatment options for wounded warriors and retirees at the local Naval Hospital) and MARSON base improvements as well as new assignments to MCAS New River . . .we aren’t sure what the future holds but we can read market indications and prepare any client to move best with the flow of the market so things are advantageous as possible for the most beneficial outcome.
Cheers to changes and preparing as best we can!