Real Estate Update.

Steve Tyson’s Real Estate Update


For selected subdivisions

Neuse Harbour

Active homes for sale by price range

Current number of homes on the market=13

Pending sales=1

Active homes for sale by price range

$182,000-$200,000=1

$209,000-$250,000=6

$254,900-$300,000=2

$$300,000-$1,225,000=4

There was 1 home that sold and closed in Neuse Harbour in the last 12 months. The sales price was $232,800



Stately Pines

Current homes on the market=6

Pending sales=1

Active homes for sale by price range

$164,000-$200,000=3

$202,000=1

$669,500=1

$769,000=1

There were 10 homes that sold and closed in Stately Pines in the last 12 months. The most expensive house sold was $214,250.

Carolina Pines

Current homes on the market=22

Pending sales=2

Active homes for sale by price range

$107,500-$150,000=5

$157,900-$200,000=2

$229,000=1



There were 18 homes that sold and closed in Carolina Pines in the last 12 months. The highest priced home sold was $265,000.

Tucker Creek

Current homes on the market=4

Pending sales=3

Active homes for sale by price range

$110,000-$150,000=1

$165,000-$200,000=3

$245,000-$289,000=2

There were 15 homes that sold and closed in Tucker Creek in the last 12 months. The highest priced home sold was $275,000.

Total homes sold January 1-Nov. 29 2009=1118

Total homes sold January 1-Nov. 29 2010=1108

During the same time frame in 2011=1107 homes have been sold.

There are currently 1312 homes listed for sale in our multiple listing service. This number is down from about 1550 In prior months. We are selling homes at a rate of about 100 a month so there is still a large inventory on hand. A buyers market is defined as more than 6 months of home inventory. It is definitely a buyer’s market as we currently have 13 months worth of inventory.

On the plus side, interest rates are still incredibly low, prices have become more reasonable, and we have a nice selection of homes to choose from.

Feel free to call or email me if you would like to have a customized absorption rate or a Comparable Market Analysis for your property. Home sales in each neighborhood can vary greatly.




Realtor Steve Tyson

The Tyson Group Realtors

Tin Cans and House Paint in the 19th Century

Once in a while a seemingly simple invention or discovery ends up having significant and wide-ranging consequences.  One example is the tin can.  Today tin cans are so common that we give them little thought, but after the Civil War they were a novelty that truly revolutionized commerce, diet and help bring about a consumer society.  Among the many industries that cans changed was the production and marketing of  house paint, as they made it possible for the owners of Victorian homes and professionals alike to buy ready-mixed and colored paints.

At the beginning of the 19th century house paint had to be prepared by mixing ingredients such linseed oil, white lead, turpentine, driers and pigments.  Some of these ingredients were often only available in bulk containers such as wooden casks or barrels while the coloring pigments had to be ground by hand. This made it difficult for homeowners to mix small batches of paint for jobs around the house.  However, during the Victorian era tin cans not only made it possible for professional painters and homeowners to buy smaller amounts of paint, the paint was of better quality.  Since canned paints were mixed in factories in bulk, the quality was more consistent.  Whereas the color and consistency of hand mixed paints always varied slightly depending on the amounts and quality of the ingredients, commercial, ready-mixed paints were uniform.  Commercial manufacturers used  pigments that were finely ground by mills so the colors were even.  National brands such as Sherwin-Williams and John Lucas & Co. tested their different ingredients so they could avoid adulterated pigments and additives that were common on the consumer market.    

The John Lucas & Co. of Gibbsboro, NJ was one of the innovators during the last half of the 19th century and was among the first to package house paint in tin cans.  Founded in 1852 by the Englishman John Lucas, the company developed new pigments, improved the production process of white lead and was a pioneer in prepared and ready-mixed paints. 

This can of Indian red paint from around 1880 is an early example of John Lucas's ready-to-use paint.  The soldered lid was removed with a can opener and the contents poured into a bucket.  After additional boiled linseed oil was added to thin the paint, the professional painter or homeowner could brush it on the walls, ceilings and millwork.  Since the top was soldered, the can could not be resealed (Henry Sherwin patented the first resealable can in 1877) and all the paint had either to be used or the remainder stored in an airtight container.

A ca 1880 paint can (still full of paint).

Top of the paint can showing its soldered lid.

Although this little can might not look like much, it represents a revolution in the way house paint and hundreds of other products were marketed and used during the last half of the 19th century.  Small innovations certainly can have large and lasting consequences.