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Barefoot Norman 2/24/22

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wolfpackguy
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Played with a member today. As always Barefoot is a first class facility. Bag drop guys were on point, pro shop guys were professional and the rest of the staff were so pleasant and cordial as usual. Teed it off at 11:48 under blue skies and absolutely PERFECT weather. Good tee boxes and fairways with some nice roll to it.  Rough is dormant and yellow but if the weather stays like this it should green up pretty soon.  Bunkers were in good condition but fortunately didn't spend much time in them today.  Greens were softer and putted a little slower than I would prefer but overall in good condition.  Play was a little slow, just above 4 1/2 hours and had to wait some on most shots but personally I could care less, just gives me more time to take in the waterway views and appreciate the atmosphere on the course while talking crap with my buddies. It doesn't get much better than spending a warm February afternoon in Myrtle Beach on a golf course.

We were paired with a lady who just purchased in Barefoot and her 12 year old son.  The kid, who was all of 5'2 and skinny as a rail, pretty much smoked every drive 210 yards right down the middle of the fairway. In addition little dude was a complete gentleman who knew and practiced excellent golf etiquette the entire round. So refreshing seeing the younger generation appreciate the game we all love.



   
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jw11
 jw11
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Thanks for reporting WPG.

Do you know how much real estate pricing has gone up in the MB area?

jw11


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wolfpackguy
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Posted by: @jw11

Thanks for reporting WPG.

Do you know how much real estate pricing has gone up in the MB area?

jw11

Over the past year median sales price has risen from $263K to $310K. (Those are single family homes) Inventory has fallen from 4 months of supply to 1.5 months. There are only 965 homes currently listed as Active on the MLS. Of those, 352 are either "under construction" or "to be built".  Like most of the nation we are truly facing a major housing crisis right now with no real end in sight.  To add to the issues we seem to be in a stalemate when it comes to adding new inventory.  Lot's of people, including myself, would like to sale...but if you sale there is very little available to buy, especially in the quarter million dollar price range. 

 



   
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BrewCrew
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Posted by: @wolfpackguy
Posted by: @jw11

Thanks for reporting WPG.

Do you know how much real estate pricing has gone up in the MB area?

jw11

Over the past year median sales price has risen from $263K to $310K. (Those are single family homes) Inventory has fallen from 4 months of supply to 1.5 months. There are only 965 homes currently listed as Active on the MLS. Of those, 352 are either "under construction" or "to be built".  Like most of the nation we are truly facing a major housing crisis right now with no real end in sight.  To add to the issues we seem to be in a stalemate when it comes to adding new inventory.  Lot's of people, including myself, would like to sale...but if you sale there is very little available to buy, especially in the quarter million dollar price range. 

 

I have a handful of friends that are realtors here in NJ.  All say the same thing, 'it's a great time to sell'.  That's great, but still leaves me with the issue of needing someplace to live after I sell.



   
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jw11
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Posted by: @wolfpackguy

 

Over the past year median sales price has risen from $263K to $310K. (Those are single family homes) Inventory has fallen from 4 months of supply to 1.5 months. There are only 965 homes currently listed as Active on the MLS. Of those, 352 are either "under construction" or "to be built".  Like most of the nation we are truly facing a major housing crisis right now with no real end in sight.  To add to the issues we seem to be in a stalemate when it comes to adding new inventory.  Lot's of people, including myself, would like to sale...but if you sale there is very little available to buy, especially in the quarter million dollar price range. 

 

Interesting numbers.

Do you know if outlying areas...say Conway.. have the same type of numbers ?


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jw11
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Posted by: @brewcrew
Posted by: @wolfpackguy

 

I have a handful of friends that are realtors here in NJ.  All say the same thing, 'it's a great time to sell'.  That's great, but still leaves me with the issue of needing someplace to live after I sell.

If I sold, I would seriously think about renting


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leftygar1
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Thanks for your report on Barefoot Norman, a course many underestimate. 



   
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wolfpackguy
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@jw11 Conway has increased from $205K to $251K. The inventory issue is really about the same. Obviously the closer to the beach the more expensive the property.  I'm sure you are familiar with Little River Neck road, the road that leads to Tidewater.  Right off of Little River Neck there is a section that has mobile homes.  Just yesterday a freaking Doublewide was listed for $300K!!! 

As far as selling and renting, I would reconsider that plan as at one point I thought of doing the same.  It's actually even more difficult to secure a rental than it is to purchase right now.  If you are trying to buy you should expect to be competing with anywhere from 3 to 15 buyers also writing offers.  If you pay close attention to the market and have a great Realtor working for you, it could be possible to slip in really quick as, soon as something hits the market or even prior to it being listed. Also if you are selling, buyers are so desperate they are agreeing to free leasebacks to give sellers a chance to find something to purchase. 

Rentals are a whole different ballgame.  It's not uncommon for a rental to receive 40 to 50 applications the day it hits the market.  Most I have heard of is 85 applications. It's really a game like playing the lottery at this point.  Oh, and if you have a pet, forget about it, your odds just got worse exponentially.



   
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jw11
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@wolfpackguy Great info WPG .Thanks


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