Newspapers / The Shore Line (Pine … / April 1, 2011, edition 1 / Page 23
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Sniff, Swirl, Sip and Savor Once a year, Historic Beaufort explodes with flavor as the Beaufort Wine & Food Weekend welcomes ce lebrity chefs, winemakers and somme- liers to share their talents and exper tise with the Crystal Coast. From April 27 to May 1, the Beaufort Wine & Food Weekend will showcase award- winning labels from select wineries and winemakers as well as irresistible food from local and regional celebrity chefs. The five-day charitable event, combining appreciation for wine and food with a drive to support worthy local organizations and culinary pro grams, has positioned itself as one of the area’s premier tourism events. demos. Winemaker dinners and his toric home receptions allow for a more intimate evening with guest chefs and vintners as they present perfect pair ings. The Celebrity Grand Gala gives a taste of the best as chefs compete to create a dish that truly complements the finest wines from participating winemakers. In between are seminars, challenges and tastings you don’t want to miss. During these event-packed five days, festival goers will have a chance to try wines from across the globe • and break bread with noted winemak ers and chefs at any of the 20 events making up the weekend. Among those The Annual Beaufort Wine & Food Weekend kicks off April 2 with a reception for featured artist Trisha Adams of Leesburg, Virginia. Trisha’s contemporary impressionistic paint ings will be on display at the Mattie King Davis Art Gallery on the Beau fort Historic Site during the months of April and May. The Weekend itself begins with an opening reception welcoming many of this year’s guest chefs and winemakers. The always-popular Vin de Mer Grand Tasting Village gives participants a chance to taste hundreds of wines, sample items from local restaurants and watch guest chefs give cooking guests is award-winning chef and cookbook author Sara Foster, who owns and operates Foster’s Market in Durham and Chapel Hill. Foster began her career as a chef for Martha Stewart’s New York based catering company before opening her own in 1984. By the 1990s, she and her hus band, Peter, had opened the Durham Foster’s Market with much success, including a “Small Business of the Year” award. Foster’s first cookbook, The Foster’s Market Cookbook: Fa vorite Recipes for Morning, Noon and Night, won the Southeast Booksellers Association’s “Cookbook of the Year” award for 2002. Her follow-ups. Fresh (Continued on page 24) Detennining the Value of a Home By Marian Goetzinger, Pine Knoll Shores Reality How do you determine the value of your home? In real estate there are two well- known fundamental truths: 1. Location, location, location. 2. A property is worth what a buyer is willing and able to pay. Yes, we understand that a home has different values to different people and for different reasons, but when you want to sell your home, the only one that really matters is still the buyer. A property is worth what a buyer is willing and able to pay. It doesnt matter what you paid for the property or what you’ve added.'It doesn’t matter what you need to start the next lap of your life joilrney. It doesn’t matter what youi neighbor is asking for his home or what you could have gotten five years ago or one year ago. If you examine the history of real estate, you can see that real estate appreci ates over time. Occasionally, we experience false appreciation as we saw from 2001 until 2005. That type of bubble” creates a false sense of what values are for homes. Eventually, the bubble bursts, and a correction inevitably occurs, bringing us back to reality. Buyers will pay no more than what they perceive as the market value. Lenders • will only lend an amount based on market value. Any real estate agent can provide you with a CMA (Comparable Market Analysis) that will show you how recent sales determine the best price for your home. ' ■ 160 140 120 100 80 60 40 20 0 B Feb.2010 ■ Feb. 2011 Closed Listings Active Listings Pending Sales February Market Report for Pine Knoll Shores Provided by Amy M. Hahn When Comparing closed listings from February 2010 vs. February 2011, Sales, are up 300%, The number of Pending Sales has increased 100% year over year comparison. While there are still a great number of listings currently available, that number has dropped 10% over the previous year. The average sales price year to date is $328,550 (down 35.15% from 2010), and the average List Price in 2011 (year to date) is $571,071 (down 3.11% from 2010).
The Shore Line (Pine Knoll Shores, N.C.)
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April 1, 2011, edition 1
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