Embracing the perfect home for whom????

My advice to my buyers is always think resale.  You may be picturing this move to our coastal area of NC as your ‘forever home’ for retirement but life has a way of being unpredictable as we are all experiencing very well right now.  We have to stay flexible as well as practical.

To maximize your home investment, picture yourself as the eventual seller.  Things you need to consider, is this a growing, active area, does the neighborhood have enough variety to attract the next age group of millennial buyers?  Is your new home the most expensive and largest in the neighborhood (it should not be).  Traditionally in our local area, the larger the house the less price per square foot when sold on resale.  The trend now seems to be a smaller footprint with our future generation of buyers also. Unlike previous age groups, millennials aren’t looking for sprawling square footage; rather, they prefer smaller homes that focus on quality over quantity. They’re also tending toward eco-friendly and energy efficient properties.

 Be a smart consumer but not just for today’s purchase but for tomorrow’s sale too, you will be thankful.  Remember to consider the next generation of buyer’s impact and emerging buying trends, especially when considering a target market for selling a home.   

Embracing Timing for our Local Sellers


Too many opinions along with too excuses to delay, so I prefer to stick to
the facts. Looking at Brunswick County residential real estate market stats
for 2019, the total sales volume was up 8.4% than year before. The 
Association of Realtors for the county reports that avg sales price and the number of units sold were all higher than the year before. The county has
surpassed $1 billion in total sales for the third straight year. Looking at our 
local market the average days on market in 2019 was 85 days and houses 
are selling for approximately 96% of their listed value.

The first month figures for the first month of 2020 have been released, 
Brunswick County saw a sharp increase in homes sold, and total sales
volume. The market had a 60.1% spike in total sales volume over last 
January. The number of units sold jumped 42.3%, and average sale prices 
increased 12.5% from $257,555 to $289,675. The absorption rate, which is 
the amount of time it would take to sell the current inventory of homes, 
is holding steady at less than five months.

For our local city of Southport market, those numbers are even better for 
Sellers and our current inventory is LOW, LOW, LOW. New home buyers 
have been arriving in a steady stream to our beautiful coastal area, 
especially with these low rates, looking for that perfect home to
relocate to.

So when is the best time to list your home? NOW!