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September
13

SHALLOTTE, N.C. - Brunswick County Association of Realtors

In August, Brunswick County's residential real estate market saw higher prices, fewer new listings, and fewer homes sold compared to last August.  

"While there is talk nationally of a real estate slowdown, Brunswick County's market continues to demonstrate remarkable stability," said Cynthia Walsh, BCAR CEO. "When looking at these numbers, it's important to remember just how abnormal the past few years have been. While the number of homes sold is down slightly compared to last year, sales have been pretty much steady month over month for the past two years, generally hovering between 500 and 600 sales per month, with our usual seasonal dip in December, January, and February. Overall, our market remains on track to once again do something that was unheard of prior to 2020: surpass $2 billion in total sales before the end of the year."

Brunswick County saw $232,570,000 in total sales volume in August 2022, a 5.7% decrease from last August's $246,620,000. The average sales price increased 9.4%, from $415,883 to $455,130. New listings were down 10.4%, from 682 to 611. The number of units sold in August dropped 13.8% compared to last year, from 593 to 511, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County's luxury market remained strong in August with 19 sales in excess of $1 million and two sales of $2 million or more.

Year-to-date sales volume through August is $1,741,530,000, down 3.1% from $1,797,989,429 last year. Average sales prices for the year are 14.8% higher than in 2021, increasing from $383,919 to $440,574. The number of units sold through August is down 17.6%, from 4,666 to 3,846, and the number of new listings is down 9.2%, from 5,135 to 4,664.

Brunswick County

  • New Listings
    • August 2022: 611
    • August 2021: 682
    • Increase/Decrease: -10.4%
  • Units Sold
    • August 2022: 511
    • August 2021: 593
    • Increase/Decrease: -13.8%
  • Average Sales Price
    • August 2022: $455,130
    • August 2021: $415,883
    • Increase/Decrease: +9.4%
  • Median Sales Price
    • August 2022: $370,000
    • August 2021: $325,000
    • Increase/Decrease: +13.8%
  • Total Sales Volume
    • August 2022: $232,570,000
    • August 2021: $246,620,000
    • Increase/Decrease: -5.7%

Bladen County

  • New Listings
    • August 2022: 14
    • August 2021: 20
    • Increase/Decrease: -30%
  • Units Sold
    • August 2022: 12
    • August 2021: 13
    • Increase/Decrease: -7.7%
  • Average Sales Price
    • August 2022: $305,300
    • August 2021: $232,469
    • Increase/Decrease: +31.3%
  • Total Sales Volume
    • August 2022: $3,660,000
    • August 2021: $3,020,000
    • Increase/Decrease: +21.2%

Columbus County

  • New Listings
    • August 2022: 45
    • August 2021: 37
    • Increase/Decrease: +21.6%
  • Units Sold
    • August 2022: 32
    • August 2021: 33
    • Increase/Decrease: -3%
  • Average Sales Price
    • August 2022: $242,337
    • August 2021: $246,548
    • Increase/Decrease: -1.7%
  • Total Sales Volume
    • August 2022: $7,750,000
    • August 2021: $8,140,000
    • Increase/Decrease: -4.8%

Robeson County

  • New Listings
    • August 2022: 10
    • August 2021: 13
    • Increase/Decrease: -23.1%
  • Units Sold
    • August 2022: 6
    • August 2021: 7
    • Increase/Decrease: -14.3%
  • Average Sales Price
    • August 2022: $153,083
    • August 2021: $186,214
    • Increase/Decrease: -17.8%
  • Total Sales Volume
    • August 2022: $918,500
    • August 2021: $1,300,000
    • Increase/Decrease: -29.3%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.

August
16

Shallotte, NC - Brunswick County Association of Realtors

Brunswick County's residential real estate market remained competitive in July, with fewer homes sold, fewer new listings, higher prices, an uptick in the absorption rate, and homes continuing to sell quickly and at 99% of list price on average.

"Our market remains highly competitive thanks to strong demand paired with fewer new listings and a historically low inventory of available homes," said Cynthia Walsh, BCAR CEO. "While we saw fewer homes sold in July compared to last year, we have a healthy number of pending listings, and the absorption rate increased for the first time in months. Buyers would highly benefit from working with one of our professional REALTORS® to navigate this competitive market."

Brunswick County saw $216,760,000 in total sales volume in July 2022, a 14.3% decrease from last July's $252,900,000. The average sales price increased 3.9%, from $430,096 to $446,937. New listings were down 14.1%, from 681 to 585. The number of units sold in July dropped 17.5% compared to last year, from 588 to 485, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is up to 2 months for the first time since January 2021. Sellers received 99% of their list price in July on average. Brunswick County's luxury market remained strong in July with 25 sales of $1 million or more, with the highest transaction at $2,550,000.

Year-to-date sales volume through July is $1,508,960,000, down 2.7% from $1,551,369,429 last year. Average sales prices for the year are 16.1% higher than 2021, increasing from $379,353 to $440,574. The number of units sold through July is down 18.1%, from 4,073 to 3,335, and the number of new listings is down 9%, from 4,453 to 4,053.

Brunswick County

  • New Listings
    • July 2022: 585
    • July 2021: 681
    • Increase/Decrease: -14.1%
  • Units Sold
    • July 2022: 485
    • July 2021: 588
    • Increase/Decrease: -17.5%
  • Average Sales Price
    • July 2022: $446,937
    • July 2021: $430,096
    • Increase/Decrease: +3.9%
  • Median Sales Price
    • July 2022: $364,990
    • July 2021: $342,602
    • Increase/Decrease: +6.5%
  • Total Sales Volume
    • July 2022: $216,760,000
    • July 2021: $252,900,000
    • Increase/Decrease: -14.3%

Bladen County

  • New Listings
    • July 2022: 10
    • July 2021: 10
    • Increase/Decrease: 0%
  • Units Sold
    • July 2022: 6
    • July 2021: 12
    • Increase/Decrease: -50%
  • Average Sales Price
    • July 2022: $261,333
    • July 2021: $212,383
    • Increase/Decrease: +23%
  • Total Sales Volume
    • July 2022: $1,570,000
    • July 2021: $2,550,000
    • Increase/Decrease: -38.4%

Columbus County

  • New Listings
    • July 2022: 44
    • July 2021: 28
    • Increase/Decrease: +57.1%
  • Units Sold
    • July 2022: 32
    • July 2021: 21
    • Increase/Decrease: +52.4%
  • Average Sales Price
    • July 2022: $192,787
    • July 2021: $212,732
    • Increase/Decrease: -9.4%
  • Total Sales Volume
    • July 2022: $6,170,000
    • July 2021: $4,480,000
    • Increase/Decrease: +37.7%

Robeson County

  • New Listings
    • July 2022: 4
    • July 2021: 5
    • Increase/Decrease: -20%
  • Units Sold
    • July 2022: 5
    • July 2021: 5
    • Increase/Decrease: 0%
  • Average Sales Price
    • July 2022: $107,700
    • July 2021: $183,360
    • Increase/Decrease: -41.3%
  • Total Sales Volume
    • July 2022: $538,500
    • July 2021: $916,800
    • Increase/Decrease: -41.3%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.

January
26

January 14, 2022 - Brunswick County Association of Realtors 

Brunswick County's residential real estate market demonstrated remarkable consistency throughout 2021, ending the year with almost $3 billion in total sales. New listings and units sold were up slightly compared to 2020. Total sales volume was up 26.1% compared to 2020's record-breaking numbers, with the increase driven in large part by higher average sale prices.

"2020's record sales totals foreshadowed the numbers we saw in 2021," said BCAR CEO Cynthia Walsh. "Thanks to continued strong demand and limited inventory, homes are selling quickly and at higher prices. Additionally, we saw an unprecedented number of luxury home sales in 2021. We see no indications of a drop in demand in the near future, so sales volume in January will likely be driven by available inventory. Our market remains in strong shape to kick off the New Year."

Total sales volume increased from $2,144,523,000 in 2020 to $2,703,339,429 in 2021. The number of new listings were up 2.4%, from 6992 to 7157, and the number of units sold increased 7.8%, from 6285 to 6777. Average sales prices were up 19.3% compared to 2020, jumping from $334,251 to $398,774. The increase in average sale prices was fueled in part by a strong luxury market: the number of luxury sales jumped from 127 in 2020 to 229 in 2021, and luxury sales comprised nearly 3.5% of the market. Brunswick County's largest transaction in 2021 was a $6.1 million residence on Bald Head Island.

When it comes to December's numbers, new listings and units sold were down slightly, total sales volume increased, and homes are spending less time on the market. Total sales volume increased 12.9% compared to December 2020, from $214,510,000 to $242,240,000, and average sales prices were up 18.3%, from $371,768 to $439,631. The increase in average sales prices was largely driven by luxury sales, as was the case throughout 2021. December saw 27 sales of $1 million or higher, with the largest being a $3.75 million transaction.

"December saw the highest number of homes sold in the fourth quarter, which is odd given that December is historically the slowest sales month of the year," said Walsh. "Prices are up, and the number of pending sales dropped to 400 in December. While the drop in pending sales could foreshadow a decrease in January, we expect the numbers to remain strong given that homes have been selling quickly."

The number of new listings dropped 4.4% in December, from 385 to 368, and the number of units sold was down 4.5%, from 577 to 551. Homes are spending 30 days or less on the market, depending on location, which is a drop of roughly half since December 2020.

 

Brunswick County

New Listings

  • December 2021: 368
  • December 2020: 385
  • Increase/Decrease: -4.4%

Units Sold

  • December 2021: 551
  • December 2020: 577
  • Increase/Decrease: -4.5%

Average Sales Price

  • December 2021: $439,631
  • December 2020: $371,768
  • Increase/Decrease: +18.3%

Median Sales Price

  • December 2021: $359,000
  • December 2020: $295,000
  • Increase/Decrease: +21.7%

Total Sales Volume

  • December 2021: $242,240,000
  • December 2020: $214,510,000
  • Increase/Decrease: +12.9%

Bladen County

New Listings

  • December 2021: 12
  • December 2020: 7
  • Increase/Decrease: +71.4%

Units Sold

  • December 2021: 8
  • December 2020: 7
  • Increase/Decrease: +14.3%

Average Sales Price

  • December 2021: $256,863
  • December 2020: $292,851
  • Increase/Decrease: -12.3%

Total Sales Volume

  • December 2021: $2,050,000
  • December 2020: $2,050,000
  • Increase/Decrease: 0.0%

Columbus County

New Listings

  • December 2021: 16
  • December 2020: 9
  • Increase/Decrease: +77.8%

Units Sold

  • December 2021: 27
  • December 2020: 24
  • Increase/Decrease: +12.5%

Average Sales Price

  • December 2021: $192,142
  • December 2020: $173,979
  • Increase/Decrease: +10.4%

Total Sales Volume

  • December 2021: $5,190,000
  • December 2020: $4,180,000
  • Increase/Decrease: +24.2%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.

December
22

December 22, 2021 - Brunswick County Association of Realtors 

Brunswick County's residential real estate market saw higher prices, higher sales volume and a tight inventory of available homes in November. The market remains ahead of 2020's record pace in terms of total sales volume for the year. While the number of units sold in November was down slightly, total sales volume increased 10.2% compared to 2020, and new listings were down 13.5%.

"Our market has been amazingly resilient throughout 2021," said BCAR CEO Cynthia Walsh. "We continue to see strong demand and a tight inventory, which results in homes selling quickly and at higher prices. In addition, a strong luxury home market continues to fuel our higher average sale price. The bottom line is that our market is in good shape as 2021 comes to a close."

Brunswick County saw $205,540,000 in total sales volume in November 2021, a 10.2% increase from last November's $186,450,000. New listings dropped 13.5%, from 547 to 473, and the number of units sold decreased 5.6%, from 533 to 503. The market saw a net increase of 30 new listings, which reflects the difference between units sold and new listings. The average sales price increased 16.8%, from $349,811 to $408,628, and was fueled in part by luxury home sales. November saw 19 sales in excess of $1 million, with the highest being a $2.4 million transaction. The average number of days on the market is down slightly at 27 days, with a median of nine days.

Overall, Brunswick County's year-to-date numbers are still ahead of 2020's pace. Total sales volume is up 27.5% compared to the same point in 2020, increasing from $1,930,013,000 to $2,461,099,429. Average sales prices for the year are up 19.4%, from $330,840 in 2020 to $395,059 in 2021. The number of units sold through November is up 9.1%, from 5,708 to 6,226. The number of new listings for the year saw a slight 2.8% increase, from 6,607 to 6,789.

Brunswick County

New Listings

  • November 2021: 473
  • November 2020: 547
  • Increase/Decrease: -13.5%

Units Sold

  • November 2021: 503
  • November 2020: 533
  • Increase/Decrease: -5.6%

Average Sales Price

  • November 2021: $408,628
  • November 2020: $349,811
  • Increase/Decrease: +16.8%

Median Sales Price

  • November 2021: $330,000
  • November 2020: $280,000
  • Increase/Decrease: +17.9%

Total Sales Volume

  • November 2021: $205,540,000
  • November 2020: $186,450,000
  • Increase/Decrease: +10.2%

Bladen County

New Listings

  • November 2021: 11
  • November 2020: 5
  • Increase/Decrease: +120.0%

Units Sold

  • November 2021: 14
  • November 2020: 14
  • Increase/Decrease: 0.0%

Average Sales Price

  • November 2021: $281,854
  • November 2020: $192,211
  • Increase/Decrease: +46.6%

Total Sales Volume

  • November 2021: $3,950,000
  • November 2020: $2,690,000
  • Increase/Decrease: +46.8%

Columbus County

New Listings

  • November 2021: 22
  • November 2020: 22
  • Increase/Decrease: 0.0%

Units Sold

  • November 2021: 24
  • November 2020: 22
  • Increase/Decrease: +9.1%

Average Sales Price

  • November 2021: $198,496
  • November 2020: $131,506
  • Increase/Decrease: +50.9%

Total Sales Volume

  • November 2021: $4,760,000
  • November 2020: $2,890,000
  • Increase/Decrease: +64.7%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.

November
24

Last month, Brunswick County's residential real estate market saw its first significant drop in monthly sales volume and increase in inventory so far this year. Total sales volume in October was down 19.5% compared to 2020. The only other month with a drop in total sales volume so far this year is August, which saw a slight 0.7% decrease. The market also saw 135 new listings in October.

"While our market remains ahead of last year's record pace, sales volume was down slightly in October compared to 2020," said BCAR CEO Cynthia Walsh. "Even though some national experts think the market may be in the early stages of a cool-down, Brunswick County's market remains consistent. Prices are up, and homes are selling quickly. We expect our market to remain strong moving into Winter."

Brunswick County saw $210,450,000 in total sales volume in October 2021, a 19.5% decrease from last October's $261,340,000, with luxury sales contributing almost $36,000,000. There were 23 sales in excess of $1 million last month, with the highest being $2.75 million. New listings dropped 6.0% compared to last October, from 662 to 622. The number of units sold decreased 27.3%, from 670 to 487, but pending sales are up 24% over last month. Homes are averaging 30 days on the market, and homes listed below $299,000 are spending 15 days or less on the market. The average sales price increased from $390,062 to $432,131, a 10.8% increase fueled by strong luxury home sales.

The market's year-to-date numbers remain ahead of last year's pace. Total sales volume is up 29.4% compared to 2020, increasing from $1,743,563,000 to $2,255,559,429. Average sales prices are 19.7% higher than 2020, jumping from $328,943 to $393,703. The number of units sold through October is up 10.6%, from 5,175 to 5,723. New listings increased 4.2%, from 6,060 to 6,316.

Brunswick County

New Listings

  • October 2021: 622
  • October 2020: 662
  • Increase/Decrease: -6.0%

Units Sold

  • October 2021: 487
  • October 2020: 670
  • Increase/Decrease: -27.3%

Average Sales Price

  • October 2021: $432,131
  • October 2020: $390,062
  • Increase/Decrease: +10.8%

Median Sales Price

  • October 2021: $343,168
  • October 2020: $311,500
  • Increase/Decrease: +10.2%

Total Sales Volume

  • October 2021: $210,450,000
  • October 2020: $261,340,000
  • Increase/Decrease: -19.5%

Bladen County

New Listings

  • October 2021: 9
  • October 2020: 9
  • Increase/Decrease: 0.0%

Units Sold

  • October 2021: 18
  • October 2020: 12
  • Increase/Decrease: +50.0%

Average Sales Price

  • October 2021: $188,289
  • October 2020: $134,058
  • Increase/Decrease: +40.5%

Total Sales Volume

  • October 2021: $3,390,000
  • October 2020: $1,610,000
  • Increase/Decrease: +110.6%

Columbus County

New Listings

  • October 2021: 37
  • October 2020: 30
  • Increase/Decrease: +23.3%

Units Sold

  • October 2021: 29
  • October 2020: 23
  • Increase/Decrease: +26.1%

Average Sales Price

  • October 2021: $192,366
  • October 2020: $152,230
  • Increase/Decrease: +26.4%

Total Sales Volume

  • October 2021: $5,580,000
  • October 2020: $3,500,000
  • Increase/Decrease: +59.4%

Source: The Brunswick County Association of REALTORS® (BCAR)  http://www.bcarnc.com

September
17

Brunswick County's residential real estate market once again saw increased prices and low inventory in August. While total sales volume was slightly down in August, total year-to-date sales volume is up 44.5% compared the same month last year.

"On the surface it might seem like last month saw a slight downturn, but when you look closely, the big picture shows that the market is maintaining strength." said BCAR CEO Cynthia Walsh. "Overall, the market is stable and with year-to-date sales up 44.5%, it is more than a possibility we will reach $2 billion in sales before the 4th quarter."

In August 2021 Brunswick County saw $246,620,000 in total sales, a 0.7% decrease from last August's $248,323,000. Despite this decrease, total year-to-date sales are up 44.5% compared to 2020, increasing from $1,244,333,000 to $1,797,989,429.

While number of units sold fell slightly with a 11.1% decrease from 667 to 593, the six-month average remains consistent at approximately 600 – 650 sales a month. The average sales price increased 11.7%, from $372,449 to $415,883, fueled by a higher number of luxury home sales. One hundred and twelve homes sold between $500,000 – $999,999 and 23 homes sold for over $1 million, with the largest two sales being over $3 million.

Average sale prices for the year are up 20.4% compared to last year, increasing from $318,948 to $338,919, and the number of units sold through August is up from $3,820 to $4,666, a 22.1% increase. Demand is high with listings on the market for about 20 days. New listings in August 2021 saw a 7.2% increase, growing from 636 to 682.

Brunswick County

New Listings

  • August 2021: 682
  • August 2020: 636
  • Increase/Decrease: +7.2%

Units Sold

  • August 2021: 593
  • August 2020: 667
  • Increase/Decrease: -11.1%

Average Sales Price

  • August 2021: $415,883
  • August 2020: $372,449
  • Increase/Decrease: +11.7%

Total Sales Volume

  • August 2021: $246,620,000
  • August 2020: $248,323,000
  • Increase/Decrease: -0.7%

Bladen County

New Listings

  • August 2021: 20
  • August 2020: 7
  • Increase/Decrease: +185.7%

Units Sold

  • August 2021: 13
  • August 2020: 3
  • Increase/Decrease: +333.3%

Average Sales Price

  • August 2021: $232,469
  • August 2020: $700,000
  • Increase/Decrease: -66.8%

Total Sales Volume

  • August 2021: $3,020,000
  • August 2020: $2,100,000
  • Increase/Decrease: +43.8%

Columbus County

New Listings

  • August 2021: 37
  • August 2020: 33
  • Increase/Decrease: +12.1%

Units Sold

  • August 2021: 33
  • August 2020: 26
  • Increase/Decrease: +26.9%

Average Sales Price

  • August 2021: $246,548
  • August 2020: $162,583
  • Increase/Decrease: +51.6%

Total Sales Volume

  • August 2021: $8,140,000
  • August 2020: $4,230,000
  • Increase/Decrease: +92.4%

Source: The Brunswick County Association of REALTORS® (BCAR)  http://www.bcarnc.com.

April
29

April 13, 2021 - Brunswick County Association of Realtors

Brunswick County's residential real estate market saw its strongest sales this year in March, with sales volume nearly doubling and units sold up by half compared to March of 2020. Additionally, March's sales volume outpaced every other month in the past five years except for June and July of 2020.

"I feel like I'm running out of descriptive words and adjectives to describe the continuously red-hot real estate market we are experiencing." said BCAR CEO Cynthia Walsh. "Prices are up, sales figures are off the chart, and available inventory and the absorption rate are amazingly low. Our total sales in the first quarter were higher than ALL of 2008, 2009, 2010, 2011 and just slightly lower than 2012. These numbers are astounding, and we see no indications of a slowdown as we move into summer."

Brunswick County saw $236,960,000 in total sales in March 2021, an 85.4% spike over last March's $127,800,000. The number of units sold jumped 50.6%, from 431 to 649. The average sales price increased 23.1%, from $296,515 to $365,121. Twenty homes sold for more than $1 million last month, more than 100 homes sold for between $500,000 and $999,999, and there are two pending sales over $3 million and two over $2 million. Current active listings are at an all-time low of 629, and the absorption rate is 1.5 months.

Brunswick County

New Listings
March 2021: 692
March 2020: 622
Increase/Decrease: +11.3%

Units Sold
March 2021: 649
March 2020: 431
Increase/Decrease: +50.6%

Average Sale Price
March2021: $365,121
March2020: $296,515Increase/Decrease: +23.1%

Total Sales Volume
March 2021: $236,960,000
March 2020: $127,800,000
Increase/Decrease: +85.4%

Bladen County

New Listings
March 2021: 18
March 2020: 15
Increase/Decrease: +20%

Units Sold
March 2021: 9
March 2020: 12
Increase/Decrease: -25%

Average Sale Price
March 2021: $206,589
March 2020: $173,919
Increase/Decrease: +18.8 %

Total Sales Volume
March 2021: $1,860,000
March 2020: $2,090,000
Increase/Decrease: -11%

Columbus County

New Listings
March 2021: 34
March 2020: 40
Increase/Decrease: -15%

Units Sold
March 2021: 24
March 2020: 17
Increase/Decrease: +41.2%

Average Sale Price
March 2021: $139,729
March 2020: $132,379
Increase/Decrease: +5.6 %

Total Sales Volume
March 2021: $3,350,000
March 2020: $2,250,000
Increase/Decrease: +48.9%

Source: BCAR website www.bcarnc.com  (page view https://bit.ly/3t0jciB)

February
23

Few of us could have imagined the changes 2020 had in store for us this time last year.  Changes to our work lives, schooling, finances and retirement plans, travel plans and commute times, family organization, even cooking, outdoor activities and other hobbies have been transformed. For some of us, there's been a growing mismatch between the home we've loved for years and the way we live now.

Even if you're happy in your current home and it fits you to a tee, you owe it to yourself to consider the market.  Let us help you identify the opportunities that make up the silver lining of a very difficult year. It may be that the perfect buyer for your home is out there right now.  You might maximize the utility of your home by selling it now and moving ahead to your next real estate investment that will better accommodate your needs in the future. 

Q.     What about the upgrades I was planning to make to my outdated kitchen? I want to get top dollar for my home!

A.     Many buyers would prefer to choose their own appliances and finishes.  A good Buyer's Agent will help them connect with qualified professionals to do the work on a convenient schedule after they take possession of the home. Instead of making cosmetic improvements, focus your energy on any functional repairs that may be needed.  The point is to reinforce the idea that your home has been well-maintained.  You can look forward to putting your creative energies into a new home!

Q.     Where will I move ?

A.     Wherever you want!  See something you like? Let us approach the current owner and make inquiries on your behalf.  Your interest might persuade someone else who just happens to be "sitting on the fence" at the moment.  We can also find you a "lot and home package."  Builders often buy vacant land for future spec projects at very low prices. Many of them are more than happy to sell under the condition that you use them to construct the new home.  This can represent a great value for the buyer since they'll already have plans selected that suit the location and meet local building codes.  You'll often have the added advantage of choosing your appliance package, paint colors, hardware and other features without having to pay the higher price of a truly custom home. 

 Q.     Life is so hectic these days.  I don't have time to drive around looking at things or spend hours online.

A.     You don't have to, that's our job!  We can be sure that you're notified as soon as something new comes on the market that meets your specific criteria.  If you need three bedrooms, you will only see homes with three bedrooms, not two, and not four.  You'll be surprised at the way we're able to customize our searches by the school district, distance from the beach, community amenities, and of course the features of the home itself.  We also see a wider range of options coming on the market now.  Some people are letting go of their primary residence to move to their second home full-time.  Some are getting out of their rental investments and some are letting go of investments in land. We will help you explore all the options.

 Q.     How will I manage to afford it?  Times are tough!

A.     You might be surprised.  Talk to your banker or credit union representative.  Rates are still at near all-time lows and getting pre-approved makes any offer you do make all the more attractive.  For some, working from home means being able to save money on their commute to work.  It may also mean you can relocate to a neighborhood with no POA fees, lower taxes, lower insurance rates, or simply a lower price per square foot.  More people are also combining households these days. What was once the 'down-sized' retirement home for someone who has decided to move in with adult children might be the perfect next home for you!

 Q.     We want to wait and sell at the top of the market.  Are we there yet?

A.     You never really know where the top of the market is, until it's already in the past. This is why "market timing" doesn't actually work when it comes to selling real estate. By the time you notice a slight drop in closed prices, everyone else sees it too.  And those closed prices are based on contracts signed 30-60 days or more in the past! There will be a slight increase in inventory at this point because nobody wants to miss the opportunity to realize their home's top value.  That's understandable but increased supply means decreased relative demand.  Prospective buyers will also think they might gain some advantage by waiting a bit longer. They feel no urgency anymore. Additionally, homes don't typically sell the moment they're listed. The idea of market timing is based on automated sell orders you can set for stock market investments. The mechanics of this situation are just not the same. Another, often overlooked, reason for selling before you see the absolute peak is what we like to call "instant equity." When you anticipate the market, your new home's value will be lifted as we crest the peak of top pricing. That value becomes yours as equity, while you continue to pay the low mortgage rates locked in shortly before your closing date.

 Q.     What's the next step? How do I begin the process of listing my home?

A.     You've heard you should never expect something for nothing, but that's not entirely true.  The first thing a good listing agent will do is gather information for a comparative market analysis.  We do that for free, before you sign any sort of contract, so you will know where you stand in a competitive market.  It's also the only way for us to develop an appropriate marketing plan.  We have the tools to present your home to the pool of most likely buyers as soon as it's listed.  Whether that means including it in the Luxury Portfolio program, or digging into our contact lists for the new buyer who has been waiting to leave a long-term rental for a new home that is just the right fit. We're hearing from lots of folks who want to downsize as well as those who want more space, or just more flexible space. And we're always active with relocation clients. Don't forget, we've been turning visitors into locals since 1981!

Drop us an email or give us a call.  We look forward to hearing from you!

 

July
6

Myths About Real Estate

Ask anyone who has bought or sold a home for real estate advice, and you're likely to hear some interesting answers related to that person's own experience. But no matter how good the intentions of the friend, family member, or colleague providing that advice, it can be hard to separate myth from fact. The stakes are high when buying or selling a home, so it's important to have the facts before you engage in the process. Our real estate agents are here to help, by debunking five common myths that you have likely heard about the real estate market.

April
13

Downsize Your Home

Your home is your castle. It's a comfortable, peaceful retreat from the pressures of work and the world outside. It's where you raise your children and send them off into the world with fond memories of backyard bbq's, holidays, and family gatherings. As the years go by and your lifestyle changes, it's entirely possible that your once comfortable home will simply be too large for your needs. If you find yourself wondering if now is the right time to downsize, the following are seven signs that it's time to make your move into one of the smaller Southport homes for sale right now.

  1. Maintenance is Taking its Toll 
    The bigger the home, the more it takes to maintain the landscape and everything else. Some tasks such as fixing the roof or climbing ladders to clean gutters can be downright dangerous the older you are.

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December
16

Real Estate Photos

A picture is worth a thousand words, and when you're taking real estate photos, you want your buyer to have only two words in mind — dream home.

Our REALTORS® know the importance of high-quality photography for your real estate listing. The question is, do you know how to stage your home for these amazing photos? We've gathered this list of 7 tips to help you stage your home in a picture-perfect way.

  1. Let's Talk About Lighting
    Lighting is one of the most vital elements in photography, and it's just as important in real estate photos. Natural light will always be your best resource, so schedule your photographs during a time late morning or early afternoon. Open all curtains and blinds as well.

  2. Crop Out Clutter
    Clutter can be very distracting in photographs so minimize it as much as possible. Ideally, you should see no clutter, which includes items like dishware, clothing, or pet supplies. When you take your photos, your home should look as presentable as it would be if buyers were walking it in person.

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November
4

Selling During the Slow Season

Winter can seem like a slow time to sell a home, but that doesn't mean you should wait to list your house or condo. While it may seem like a slower season, there are still homebuyers opting to move during the holidays due to changes in family size, income, or a change in jobs. When selling your home during the winter season, there are some strategies you can employ to make your house stand out among other Southport homes for sale.

Attract Out-of-Towners

Moving is one of the top reasons a buyer will be searching for a home in the offseason. Use this information to tailor your listing to out of town buyers. Highlight your year-round home features as well as access to local amenities and community events. Include information that is local-only knowledge to give them the inside scoop. 

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September
30

Decorative Trends to Avoid - Margaret Rudd

You've spent many hours over the years picking out every fixture, paint color, and piece of furniture to make your house a home.

Now you're ready to put your house on the market, but you have to be prepared for future potential buyers. Our REALTORS® are experts at getting your home to sell as quickly as possible. Here are some decorating trends to avoid and updates you can make to give buyers of Southport homes for sale exactly what they want.

Bold Patterned Walls
Big, bold wallpaper patterns have become extremely trendy in recent years for places like bathroom spaces and accent walls in living spaces throughout your home.

However, while you may love those giant pandas with the bamboo forest background, they might turn potential buyers away. You buyers may see a project they have to take on if they purchase your home.

What to Do Instead: Paint your walls in neutral colors. White will always help give the buyers a blank space to envision how they would make the space their own. Or consider warmer neutrals to give the space a cozier feel. Neutral colors also help the rooms look brighter and larger, appealing to a broader range of potential buyers.

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July
22

Selling Vacant Home - Margaret Rudd & Associates

People often ask our REALTORS® if it's a better idea to list their Southport homes for sale after everything has been moved out and it's vacant. The reality is that homes can sell just fine either way. Sometimes the seller's situation requires one choice over the other, and there are advantages and disadvantages to both. If you're not sure what might work for you, consider these pros and cons.

Reasons for Selling a Home Vacant

There are a lot of reasons selling a vacant home might be the best or only option for a seller. These are just a few of the reasons a home might be vacant:  

  • Relocation out of town or out of state
  • Elderly homeowners that have had a sudden change in their living situation
  • Home that needs major renovations before selling
  • Homeowner has health problems, mobility issues, or a disability that would make it difficult to leave for showings

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June
25

Home Valuation - Margaret Rudd & Associates

Our REALTORS® are experts when it comes to determining the best price to set for a home. Southport homes for sale can go for a wide range of price points. Many factors go into the final calculation and having outside help is essential. When sellers choose to set their own price, they often overestimate. It's easy to price a home out of the market simply because the value it has for you will influence your thinking. Of course, your feelings about a property do matter! And you want to find someone who will pay you enough to reach your goals and make saying goodbye worthwhile. That's where a REALTOR® comes in.

With years of experience navigating the Southport real estate market, a good REALTOR® is your best ally in setting the perfect price for your home. When you attract attention from motivated buyers, you'll often get more at closing than you expect. Buyers compete—you stay focused on what matters to you. Wondering how a REALTOR® makes the call on a property's value? This quick crash course will give you the basics:

  1. Amenities of the Home
    It's no coincidence that the number of bedrooms and bathrooms is one of the first things people look at when they check a listing. Amenities can add value by lowering cost of ownership—as with efficient appliances—or matching a buyer's lifestyle. Be mindful of trends: An on-trend layout can entice buyers, but some amenities that might look fun, such as a pool, can turn them off.

    Click Here to Read More...

May
27

Energy Efficient Home-Margaret Rudd & Associates

With experience working with both home buyers and sellers, our REALTORS®  have an in-depth knowledge of what buyers are looking for in Southport homes for sale. By far, the most sought-after features are those that increase the energy efficiency of a home. 

Everyone Benefits

Energy efficiency is the one thing that adds value for everyone on both sides of the house-buying equation. For sellers, having proof that you installed energy-efficient features in the home you're selling will increase the appeal to buyers. It will also enable you to ask for, and usually receive, a higher selling price. Some sellers question the initial cash investment they need to make to increase their home's energy efficiency, but when we point out how this investment can help them realize a better selling price, they understand the benefit.

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May
13

Exterior Home Features-Margaret Rudd & Associates

There's no denying that curb appeal is essential, but what exactly does that mean to homebuyers these days? Our REALTORS® are well-versed in the latest outdoor trends in Southport homes for sale and recommend that sellers pay particular attention to the outdoor spaces of their home. Here are a few exterior features that can make your home more attractive to buyers, increase its value, and help it sell faster.

  • Good Exterior Lighting: Properly illuminating the outside of your house and the best features of your yard is a great way to attract attention before buyers step through the front door. Placing attractive lighting along walkways and stairs and strategically-placed motion-sensor lights not only look nice, but they are also a safety feature for your home. No one wants to fumble with their keys trying to unlock a door in the dark, so good lighting at entry points to your home is also a must.

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April
15

Painting to Sell-Margaret Rudd & Associates

The marine beauty of coastal towns in North Carolina makes the ideal backdrop for a calm and happy life. Use the unique natural charms of the Southport, NC landscape to sell your home more quickly.

One way to make your seaside home stand out is by choosing the perfect color to complement the seaside terrain. Our REALTORS® at Margaret Rudd and Associates use these secrets when finding just the right hue when placing a Southport home for sale.

  • Harness the Power of Optical Illusion

    Seeing isn't always believing. Different colors absorb varying amounts of light. The brain interprets the presence of light with a sense of space. For that reason, it's possible to use color to change the way potential buyers perceive your property.

    Lighter colors are the best for making small spaces feel roomy. White paint reflects the most light. However, all-white walls can be off-putting. Shades of all colors mixed with white is a great way to incorporate personality and still take advantage of optical illusion.

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March
11

Spring Home Maintenance-Margaret Rudd & Associates

There's something timeless and boundless about watching the ocean and feeling that salty wind in your face. Maybe that's why we're so enamored with living near it, taking in all the sea has to offer.   

But for a North Carolina house, being by the sea can be damaging, with exposure to salt, sand, and wind. Salt is corrosive and ever-present in the air and water. Wind, carrying tiny grains of sand, batters and scours your home's exterior. You should be mindful of the extra attention it may need and make sure your maintenance schedule includes specific tasks.  

If your home is one of the Southport homes for sale, our REALTORS® recommend regularly doing the following. 

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February
11

Home Seller's Anxiety-Margaret Rudd & Associates

No matter how prepared you are, selling your home can create an emotional whirlwind. There's the excitement of getting your home in amazing shape, the relief of finally getting the right offer, and the anticipation of what comes next. On the other hand, there's also concern about whether you'll find a buyer, uncertainty about which offers to accept, and the major stress of waiting for the deal to finally go through.

While there's always going to be some anxiety involved in the home selling process, our REALTORS® want you to relax and enjoy the ride. The following five tips will help you sell your home without the stress. 

  1. Get Your Home in Tip-Top Shape
    There are a ton of great Southport homes for sale, so you'll want to make sure yours stands out from the crowd. This means putting in some elbow grease to improve your curb appeal, make necessary repairs, and freshen up your space.

    Once your listing goes live, you'll have peace of mind in knowing you've done everything you can to make sure potential buyers fall in love with your home.

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