Going Crazy — Carolina Beach Condos Rise

Rising Prices Carolina Beach Condos

 

Hey good morning everybody it’s Jay with wilmington-real-estate-com.¬† What is the latest and the greatest with the Carolina Beach oceanfront condos for sale market? Well it’s been pretty intense and that’s sort of what I’ve been predicting the last few years and telling people buy now buy now buy now because every year you’re gonna lose double-digit income in terms of appreciation besides the rental revenue.

And I have a couple examples as a length that are sort of putting 2019 into perspective for Carolina Beach condos. By the way this this focus on the Carolina Beach real estate does to a certain level cover the whole region and is representative. it just happens that our market in Carolina Beach is especially investor friendly because we have high rents combined with low HOA fees usually which eke out that extra couple percent of profit for investors. So it’s a special Beach. It’s very busy. Some people call it the Redneck¬†Riviera and be a negative about it but for an investor there’s nothing to be negative about.¬† It’s a winner if to have in your portfolio!

Alright so recently a one-bedroom second row property here just one thousand at Sands I we’ll just look at a couple photos of it standard balcony a nice direct ocean view sands does have a pool. And it is it shows well because it has wood floors and an updated kitchen so it’s not even that updated. Look at these counters might be original. they put in a backsplash cabinets are newer older appliances; so it’s not Pottery Barn whatsoever. But it’s painting nicely crisp and clean that close for 201. That’s why that’s interesting is cuz those just a couple years ago would have closed for 160 on the second row.

And then another example here this just closed, and it’s the highest closing for a to two that I’m aware of in a long time. this is that Sun Skipper condo. Sun skipper is a nice condominium because it has pools I think it has two pools. so this is a two-bedroom two-bath oceanfront, and it just closed recently for three hundred seventy-five thousand now most of these as of late have been closing in the low three hundreds. and this is just this one is just way up there why why this extreme surge.

well the price has been going up for a while. one challenge is we have this horrible lack and minute of an inventory right now I called a real estate situation and it’s pretty extreme.

[tribus-listings keyword=”ocean front, ocean view” property_type=”Condo” city=”Carolina Beach”]