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November
17

Brunswick County real estate market surpasses $2 billion in year-to-date sales

SHALLOTTE, N.C. - Brunswick County Association of REALTORS®

Brunswick County's residential real estate market exceeded $2 billion in year-to-date total sales in October with luxury sales leading the way, and more than half of all homes sold during October were sold at or above list price.

"While $2 billion in total sales seemed like an unreachable milestone just a couple of years ago, it doesn't come as a shock this year given our market's consistently strong performance month over month," said Cynthia Walsh, BCAR CEO. "Overall demand remains strong, prices continue to increase, and we continue to see a strong luxury market. Overall, our market is positioned for continued strength as we move into winter."

Brunswick County saw $211,520,000 in total sales volume in October, a 0.5% increase from last year's $210,450,000. The average sales price increased 9.3%, from $432,131 to $472,150. New listings were down 24.4%, from 622 to 470. The number of units sold in October dropped 8% compared to last year, from 487 to 448, and homes spent an average of 33 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 was strong in October with 24 sales in excess of $1 million, including three sales over $2 million and a 3.4 million sale in Ocean Isle Beach.

Year-to-date sales volume through October is $2,168,330,000, down 3.9% from $2,255,559,429 last year. Average sales prices for the year are 11.9% higher than 2021, increasing from $393,703 to $440,574. The number of units sold through October is down 16.9%, from 5,723 to 4,756, and the number of new listings is down 11.3%, from 6,316 to 5,602.

Brunswick County

  • New Listings
    • October 2022: 470
    • October 2021: 622
    • Increase/Decrease: -24.4%
  • Units Sold
    • October 2022: 448
    • October 2021: 487
    • Increase/Decrease: -8%
  • Average Sales Price
    • October 2022: $472,150
    • October 2021: $432,131
    • Increase/Decrease: +9.3%
  • Median Sales Price
    • October 2022: $425,000
    • October 2021: $343,168
    • Increase/Decrease: +23.8%
  • Total Sales Volume
    • October 2022: $211,520,000
    • October 2021: $210,450,000
    • Increase/Decrease: +0.5%

Bladen County

  • New Listings
    • October 2022: 20
    • October 2021: 9
    • Increase/Decrease: +122.2%
  • Units Sold
    • October 2022: 12
    • October 2021: 18
    • Increase/Decrease: -33.3%
  • Average Sales Price
    • October 2022: $192,408
    • October 2021: $188,289
    • Increase/Decrease: +2.2%
  • Total Sales Volume
    • October 2022: $2,310,000
    • October 2021: $3,390,000
    • Increase/Decrease: -31.9%

Columbus County

  • New Listings
    • October 2022: 31
    • October 2021: 37
    • Increase/Decrease: -16.2%
  • Units Sold
    • October 2022: 29
    • October 2021: 29
    • Increase/Decrease: 0%
  • Average Sales Price
    • October 2022: $215,475
    • October 2021: $192,366
    • Increase/Decrease: +12%
  • Total Sales Volume
    • October 2022: $6,250,000
    • October 2021: $5,580,000
    • Increase/Decrease: +12%

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.

November
9

Eat Like a Local: Learn to Love Oysters

Oysters in Southeastern North Carolina

Moving to the southeastern coast of North Carolina means acclimating yourself to the most beloved dishes and cuisine of the local area. For those of us in Brunswick County, and the low country of North Carolina, this usually involves falling in love with seafood. And, one of the most popular seafoods during the fall and winter is a salty, briny oyster.

Enjoy Oysters at Area Restaurants

Lucky residents of Southport, Oak Island and the surrounding areas can find these salty delicacies in numerous establishments. A few to note include:

Moore Street Oyster Bar

Earning its name from its extensive menu of oysters and fresh seafood, this popular spot can be found along the downtown streets of Southport. Pop in for a quick bite while shopping or visiting the waterfront. Be sure to order The Kathryn with artichoke, white wine, parmesan cream sauce and basil or the Simply Southern with collards, ham, and bacon topped with pimento cheese.

Shagger Jack's

Featuring an assorted menu with some quality cajun flair, Shagger Jack's is a local and tourist favorite with indoor and outdoor (dog-friendly) seating. Lightly fried oysters can be ordered as a platter with cole slaw and fries, or as a po'boy sandwich topped with lettuce, tomato, pickles and house-made remoulade.

Fishy Fishy

Seated right on the Intracoastal Waterway, boasting gorgeous sunset views is Fishy Fishy Restaurant. With dock side service available and a menu offering everything from delicious appetizers to seafood platters, you're sure to find something for the seafood lovers and non-seafood lovers in your crew! Opt for the highly-sought after seafood plate or add their mouth-watering oysters to any salad.

Island Way

Is there any other way than the Island Way? This oceanfront restaurant neighbors Ocean Crest Fishing Pier and offers some of the best views of any place in Brunswick County. Featuring steaks and seafood, be sure to stop by for a romantic dinner and to grab their oysters on the half shell before diving into your meal!

How to Open an Oyster

Enjoy Oysters at Home

Oysters can be enjoyed a variety of different ways like on the raw bar, steamed, fried or roasted. The only thing that stands in your way from devouring these filters of the ocean is the act of shucking (opening) the oysters. While the process seems intimidating, it's actually very simple.

Shuck in Six: 6 Steps to Shucking an Oyster

  1. Protect. Use a thick cloth, kitchen towel or gloves to cover and protect your hands from the sharp shells and oyster knife.
  2. Place. Using your non-dominant covered hand, hold the oyster with the hinge facing you.
  3. Pressure. Using the oyster knife, gradually apply pressure and oscillate around the hinge to try and insert the knife into the hinge of the shell.
  4. Cut. Once the knife enters the hinge of the shell, reach straight into the oyster for the adductor and make one clean cut across the adductor.
  5. Open. Using the oyster knife, open the oyster and rinse it lightly to remove any broken shell pieces.
  6. Decide. You can test the oyster by poking it around the lips to see if it's alive as it should retract. The oyster should smell fresh and like the ocean but not overly fishy or bad. If the oyster smells bad, or does not retract when poked, do not eat it. If the oyster is good to go, just decide on how you want to prepare to eat this delicacy!

Celebrate the Oyster

While oysters are technically harvested between October and March, they can be enjoyed year round. In Brunswick County, we celebrate all that is the oyster during the NC Oyster Festival. This annual family-friendly event includes everything from an oyster roast and arts and crafts festival to a full entertainment line-up and so much more!

Oyster Festival

Enjoy Oysters In Your Brunswick County Home

Living in Brunswick County is about so much more than just enjoying oysters. Whether you're looking for the perfect second home with a bit of coastal charm or you want to know what island life is all about, reach out to Margaret Rudd & Associates, Inc., REALTORS® today to learn more about living in Brunswick County, North Carolina. Be sure to check out the current available listings on our website to find your new Brunswick County dream home today! 

October
13

Tropical Slowdown: Hurricane Ian affects Brunswick County Real Estate Market

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

Brunswick County's residential real estate market felt the impacts of Hurricane Ian during September with fewer new listings and fewer homes sold compared to last year. Prices ticked upward, continuing a recent and familiar pattern.

"September hurricanes often affect our real estate market, and Hurricane Ian was no exception," said Cynthia Walsh, BCAR CEO. "Ian blew through at the end of the month, which is when a large number of closings typically occur. The timing explains why we saw a lower number of homes sold and lower total sales volume last month. While Ian brough a temporary tropical slowdown, and while our market isn't moving at the frantic pace it once was, we continue to see strong demand, and our market remains on track for another strong year."

Brunswick County saw $215,280,000 in total sales volume in September 2022, a 12.9% decrease from last September's $247,120,000. The average sales price increased 7.5%, from $433,541 to $465,983. New listings were down 16.3%, from 559 to 468. The number of units sold in September dropped 18.9% compared to last year, from 570 to 462, and homes spent an average of 30 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 was strong in September with 28 sales in excess of $1 million, including a sale over $4 million in Ocean Isle Beach.

Year-to-date sales volume through September is $1,956,810,000, down 4.3% from $2,045,109,429 last year. Average sales prices for the year are 13.1% higher than 2021, increasing from $389,433 to $440,574. The number of units sold through September is down 17.7%, from 5,236 to 4,308, and the number of new listings is down 9.9%, from 5,694 to 5,132.

Brunswick County

New Listings

  • September 2022: 468
  • September 2021: 559
  • Increase/Decrease: -16.3%

Units Sold

  • September 2022: 462
  • September 2021: 570
  • Increase/Decrease: -18.9%

Average Sales Price

  • September 2022: $465,983
  • September 2021: $433,541
  • Increase/Decrease: +7.5%

Median Sales Price

  • September 2022: $364,438
  • September 2021: $331,532
  • Increase/Decrease: +9.9%

Total Sales Volume

  • September 2022: $215,280,000
  • September 2021: $247,120,000
  • Increase/Decrease: -12.9%

Bladen County

New Listings

  • September 2022: 16
  • September 2021: 17
  • Increase/Decrease: -5.9%

Units Sold

  • September 2022: 8
  • September 2021: 9
  • Increase/Decrease: -11.1%

Average Sales Price

  • September 2022: $192,488
  • September 2021: $193,967
  • Increase/Decrease: -0.8%

Total Sales Volume

  • September 2022: $1,540,000
  • September 2021: $1,750,000
  • Increase/Decrease: -12%

Columbus County

New Listings

  • September 2022: 30
  • September 2021: 36
  • Increase/Decrease: -16.7%

Units Sold

  • September 2022: 32
  • September 2021: 25
  • Increase/Decrease: +28%

Average Sales Price

  • September 2022: $202,054
  • September 2021: $187,324
  • Increase/Decrease: +7.9%

Total Sales Volume

  • September 2022: $6,470,000
  • September 2021: $4,680,000
  • Increase/Decrease: +38.2%

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. For more information, please visit http://www.bcarnc.com.

September
13

Brunswick County's real estate market demonstrates stability in August

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

Brunswick County sees fewer homes sold, higher prices and quick sales in July

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

Brunswick County's real estate market saw almost $3 billion in total sales in 2021

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

Brunswick County's real estate market sees higher prices, increased sales volume and tight inventory in November

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

Brunswick County's real estate market sees first significant drop in sales this year

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 again sees higher real estate prices, tight inventory in August, Year-to-date sales up 44.5% compared to 2020

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

March yields Brunswick County's highest real estate sales total in 2021, sales volume nearly doubles compared to March 2020

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

Q. When is the Right Time to Sell Your Home? A. When Somebody Else Wants to Buy It!

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

Common Myths About the Real Estate Market

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.

  • Myth #1: Find the Perfect Home Before You Get Pre-Approved
    Shopping for a home is exciting, so it's only natural that many buyers want to skip right to finding the perfect home. But before you get serious about shopping for Southport homes for sale, it's a good idea to get pre-approved for a mortgage. Getting pre-approved will give you a firm idea of exactly how much home you can afford, and shows sellers that you have the financial means to close the deal.

  • Myth #2: All Real Estate Agents Are the Same
    There are many myths about real estate agents, but perhaps the most common is that all agents are the same. While most agents share common goals, each goes about serving customers in their own way. The best agents can help you with so much more than just making an offer or listing your home.

  • Myth #3: You Don't Need an Agent When Buying a Home
    Going without an agent may seem like a way to save money, but the outcome is often quite the opposite. The right agent will have in-depth knowledge of the communities where you're shopping, can help you avoid common pitfalls in the purchasing process, and will act as your advocate in key negotiations. Without an agent, it can be hard to get your foot in the door and even harder to close the deal.

  • Myth #4: It's Okay to Start with a Lowball Offer
    Starting with a lowball offer may feel like a common negotiating tactic, but the truth is that it backfires more often than not when buying a house. The competition for homes is fierce in many markets because there is more demand than supply. If you want your offer to stand out from the pack in a positive way, skip the lowball offer and start with something realistic for both sides.

  • Myth #5: Spring Is the Only Time to Sell
    Spring is often referred to as " selling season" in the real estate world, and there are certainly benefits to listing your home during the spring. Just don't let anyone convince you that spring is the only good time to sell a home. The truth is that demand is high in many markets, and the right real estate agent will help you attract quality offers no matter the season.

Finding the right real estate agent makes it easy to get the facts and focus on what matters most when buying or selling a home. Ready to shop? Contact us to buy and sell homes throughout the Southport, NC area.

April
13

7 Signs It's Time to Downsize Your Home

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.
  2. Mobility Becomes a Factor 
    Stairs take effort to climb, and big houses take time to navigate. When stairs get harder to climb, and you avoid going into the basement because the trip takes too long, a smaller ranch home or bungalow is a fast and simple solution.
  3. Money Gets Tight
    Bigger homes cost more to maintain in terms of maintenance and monthly utility bills. As your budget tightens following retirement, a smaller home will cost less and help preserve your nest egg for your golden years. If your house is costing more than 30% of your monthly take-home pay or monthly retirement budget, you will want to make a move sooner rather than later.
  4. Dust Bunnies are Roaming Around
    Large homes are magnets for "stuff." From old record collections to college trophies, most of this stuff gathers dust. Downsizing to a smaller home means you will have less stuff and fewer dust bunnies circulating through the air in your home.
  5. The House Feels Empty
    Large houses are ideal for raising your family and hosting friends and family from out of town. However, as the years pass, people will move away, and people will pass away. It is common for a house filled with memories to feel lonely when beloved faces and cherished family are no longer around. Moving to a smaller home provides an opportunity to start anew and build new memories in a new home.
  6. The Price is Right 
    If you have been in your home for 15, 20, 30 years or more, it is a good bet you have paid off your mortgage and have a sizeable chunk of change invested in your home. Downsizing into a smaller home can allow you to apply that equity into an investment property, college funds for grandchildren, vacations, etc. 
  7. You are Always Away from Home
    Maybe you are traveling the world, or perhaps you find that you are spending more time visiting grandchildren and friends around the country. If you are spending more time on the road than you are at home, then downsizing into a smaller home is a good decision that can free up time and money with one swift move.    

We encourage you to contact us for more information about the steps we take to help our clients downsize into a more comfortable home. Our REALTORS® are happy to answer your questions and will show you homes that fit squarely within your budget and desired lifestyle.

December
16

7 Tips for Staging Your Home for Real Estate Photos

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.

  3. Keep Appearances Just As Clean
    There are certain functional elements of the home that can be distracting as well. You want your home to look uniform and organized. So be sure to address nuances like dirty mirrors, open toilet seats, disheveled furniture, or scattered piles of magazines. These little pet peeves can distract and subconsciously repel buyers.

  4. Try Multiple Angles
    Getting the perfect shot may require some practice which is why we suggest shooting from a variety of angles. Composing your photo in an efficient yet aesthetic way can provide a stunning full view of the room. Take photographs from different viewpoints in the room and compare their symmetry, composure, and how each shot makes the room appear. You always want to give a real depth and detail of the room while still capturing its notable features.

  5. Don't Make A Cameo Appearance
    While you're searching for the right angle, make sure you're not accidentally in the photo. Reflections in mirrors or windows can be distracting, and any shadows you may cast could negatively impact the composure of the shot. Take the time to find an angle that keeps you out of frame.

  6. Don't Forget About The Exterior
    Curb appeal is important even in photography. You'll need to have a handful of great exterior shots to add to your listing so don't forget to keep your lawn, porch, and driveway presentable. Store all tools, lawn furniture, and garbage cans out of view. Remove your car from the driveway and consider sweeping the sidewalk as well.

  7. Hire A Professional
    You've hired a REALTOR® because they are experts in the real estate market — shouldn't an equally capable professional take your listing photos? A professional photographer specializing in real estate photography knows how to make any property speak volumes through a single image. Invest in high-quality, professional listing photos, and you'll have plenty of buyers running to your front door.

For more help staging your home and listing it for sale among other Southport homes for sale, contact us today!

November
4

Selling Your Home During the Slow Season: It's Possible

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. 

Stage Strategically

It's ok to add a little holiday flair to your off-season staging, but remember to keep your decorative pallet open, allowing room for your potential buyer's home plans. Your buyer will want to see possibilities, not a specific decoration style. Keep your decor seasonal but not religious, and think of open space not over-the-top.

Even in winter, don't forget to pay attention to your curb appeal and landscaping features. Make sure all areas of your home are in good repair both inside and out. Consider investing in new roofing tiles, new siding, or an exterior coat of paint. A fresh coat of paint on the home interior can also add value without a large investment. Consider upgrades to specific high-value rooms in your home, such as countertops and tile in the kitchen or resurfacing the bathtub and adding a new vanity in the bathroom. More important than appearance alone, however, is making sure your existing items are in working order with pipes draining, heaters heating, and windows shutting without leaks.

And don't forget to deep clean everything!

Stay Flexible

An off-season market means your home may take longer to sell or receive some lower-end offers. While there may be fewer offers at this time of year, your buyers are likely to be more motivated. For example, many families would not move mid-school year unless forced to do so by a new job or promotion. These changing circumstances often create a sense of urgency and need to move NOW. Our REALTORS® can help you balance the budget when making decisions about the length of listing time versus the risk of loss for dropping your price. You'll want to balance the time and investment so you can make the most out of your sale. Also, real estate experts can help you to understand the current selling prices in your market and the averages of what to expect right now. 

Contact Us to find out more about winter home sales in Southport. It's possible not only to sell your home over the holidays, but it's also possible to sell it at a fair price.  

September
30

Decorative Trends to Avoid When Selling Your Home

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.

White on White Everywhere
White is recommended to bring more neutral elements into your home, especially in rooms such as the kitchen. However, too much white can leave your home feeling cold and sterile, which can be a turnoff to buyers.

What to Do Instead: Colorful cabinets are becoming popular in kitchen spaces. Consider neutrals like greys and creams to add a little more color to the space. Homebuyers are also loving the look of two-tone wood for their cabinetry. If you're feeling bold, consider painting the bottom cabinets a darker color with the upper cabinets being lighter to brighten up the space.

And speaking of cabinetry…

Cherry Cabinets
Cherry cabinets have been a popular choice for many years as an alternative to the white cabinets that seemed to be in every home lately. But even traditional cherry cabinets are losing their luster with some potential buyers.

What to Do Instead: Consider incorporating open shelving into your kitchen space. It can help the room to feel bigger and seems to be an option that more buyers are looking for. If installing open shelving is not an option for you, consider removing the doors on some of your upper cabinets to achieve a similar effect.

Accent Walls
Accent walls with materials such as shiplap have been popular in living rooms, bedrooms, or any other room that needs a little extra oomph. While this may still be attractive to buyers, there's a new trend that's on the horizon.

What to Do Instead: Spice up the space above your head. Ceilings are now becoming more of a focal point when buyers are creating their living spaces.

Consider adding wooden beams or painting the ceiling the same colors as the walls to bring more design to the entire room.

Decorating your home can be a lot of fun, but when you're selling your home, you have to consider the tastes of potential buyers. 

If you have any questions about staging your home for sale, or if you would like to schedule an appointment to begin the process, contact us for more information.

July
22

Homesellers: Pros and Cons of Selling a Vacant Home

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

Pros of Selling a Vacant Home

  • When a home is empty, it's easier to schedule showings. The owner won't need to interrupt their routine or leave the house to accommodate showings. It can essentially be shown any time that is convenient for the real estate agent and potential buyer.

  • Don't have to worry about daily cleaning and maintenance. A home that is up for sale has to be extremely clean, and all those little daily tasks like tightening loose hinges and replacing lost drawer pulls need to be kept up with. If that isn't possible, selling after the home has been vacated may be a better option.

  • The buying process can move faster. Some buyers need to get into a home as quickly as possible. So a vacant home is just what they need. No waiting for the current owners to relocate.

  • Some buyers can see the potential of a vacant home. They find it easier to envision their belongings and paint colors with a blank slate.

Cons of Selling a Vacant Home

  • Crime risk. Vacant homes can be targets for break-ins or worse. Securing the property and making sure it looks like someone could still be living there are good ways to make sure the home doesn't look like an easy target.

  • Damage risk. Weather, water, and pests all can cause significant damage to a home. When a home is vacant, you won't be there to notice any problems. That means small problems may become big ones. Your agent will certainly let you know if they notice anything, but you may want to have someone check up on the property occasionally if you're unable to do it yourself.

  • Keeping up the curb appeal. Unfortunately, vacant properties still need to have the lawn mowed, the leaves raked, and other outdoor tasks completed. Your home still needs to make a good first impression on buyers.

  • Some buyers need to feel the warmth of an occupied home. Some feel vacant homes with empty rooms are cold and impersonal, while an occupied or staged home has more of a human element. They feel more of a personal connection.  

In the end, you can get your home sold quickly and at the right price whether it's currently occupied or vacant. Margaret Rudd & Associates can help make that happen. Contact us today to get started.

June
25

How Does My REALTOR® Determine My Home's Value?

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.

  2. Condition of the Home
    No home lasts forever, and the older a building is, the more significant its maintenance needs will become. The average residential structure can last about 100 years, but problems accelerate along the way. Most buyers have been drilled to turn away from homes where they find serious issues like electrical problems or pests. A home inspection will highlight any maintenance woes.

  3. Location (Location, Location)
    From your part of the state to your part of the neighborhood, location matters. In some cases, it's the most influential element in determining a home's value. That's especially true when it comes to location near the ocean. An oceanside home gets a beautiful view, built-in recreation, and a favorable "microclimate." Everything just looks and feels better.

  4. Recent Sales in the Area
    This is the bread and butter of any truly accurate analysis. To determine how much a home is worth, a REALTOR® needs to look at sales of similar properties in the recent past—ideally, within the last three months. "Similar" should include close comparisons of all the factors above. This way, a real estate expert can zero in on how much a motivated buyer is willing to pay.

  5. Professional Appraisal
    A professional home appraisal is an optional step that can be used to get an opinion from an outside appraisal expert. It's not the same as a home inspection, which many buyers will expect to have done unless a recent inspection report is already available. Despite the name, it's not an "official" statement of a home's value, but it can help you strategize.

  6. Seller's Preference
    Yes, the seller's goals do figure in when it comes to setting the price. For example, you may have financial obligations you wish to meet from the profit of your sale. Or you may simply be motivated to make your move quickly. Still, subtlety is the key: Setting a price too low may lead buyers to think something is wrong. Setting a higher price may call for sweetening the deal.

Have additional questions about selling your Southport-area home? We're here to help. Contact us today for personalized advice.

May
27

Home Sellers: Is Your Home Energy Efficient?

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.

Buyers know that the initial savings in energy costs may seem small at first, but they add up over time. With a home that is fully energy efficient, homeowners can save thousands of dollars over the time they own the home. With so much focus today on saving what energy resources we do have, buyers are also zeroing in on these features.

First Steps to Energy Efficiency

If you're building a new home, the first step to energy efficiency should start when plans are made. This will help you determine things like material to be used, window and skylight placement, solar panel installation, and more. For older homes, start by doing an energy assessment, which takes into account what features you have in your home, how things are used, and how the energy usage is being distributed. It then provides suggestions for things you can do to help increase the energy efficiency either by upgrading what you already have in place or adding others.

Energy Efficiency Upgrade Opportunities

Some of the most common areas that people look toward when upgrading the energy efficiency of their home include:

  • Insulation - Fiberglass insulation in the walls and roofing can greatly increase the efficiency of your heating and cooling system.
  • Windows/Door - Leaks around these places are more common than people realize. Have these checked for air leaks that can allow heated or cooled air to escape.
  • Heating/Cooling - Furnaces and cooling systems come with energy ratings like appliances do. The first thing you can do when creating a more energy-efficient home is to look for systems with the highest energy ratings. Next, keep your heating and cooling systems in the highest working order by getting annual checkups.
  • Appliances - Everything from your dishwasher to refrigerator and kitchen stove now comes with an Energy Star rating that allows you to determine how much it costs to run the appliance. By investing in the higher star levels from the start, you'll recognize the greatest efficiency over time.

Margaret Rudd & Associates is Here to Help

When you're looking to buy or sell your home in the Southport area, contact us. Our agents are here to help make this major transition as stress-free and enjoyable for everyone involves as possible. We're here to answer your questions and get you on the road to your next adventure.

May
13

Exterior Home Features Buyers Love

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.

  • Security Systems: Many home buyers are concerned about keeping their premises safe. Outdoor night vision and doorbell cameras, keyless locks that can be accessed via app or Bluetooth, and alarm systems are all features that can add value to your home.
     
  • Outdoor Living Spaces: Attached decks and patios are a major attraction for home buyers. In mild climates like North Carolina, creating an outdoor living space is almost like having an additional room or two, since they can be used practically year-round.  When buyers see a nice outdoor space, they can envision themselves having friends over for BBQs, relaxing with a good book, or just enjoying the peaceful outdoors. An outdoor kitchen, fire pit, or fireplaces can make a space even more desirable.
     
  • A Fenced Yard: If a buyer wants to hang out on a patio in the backyard, they'll definitely want some privacy as well. Not only that, more and more people are becoming dog lovers and owners. A house with a fenced yard for pets to play and roam around in is an added plus.
     
  • Attractive Landscaping & Gardens: You don't have to spend a fortune to make your yard look good. Before putting your home on the market, clean up branches and other debris and trim any trees, bushes, and shrubs to make them look neat and tidy. Adding splashes of color with flowers in pots is an easy, affordable way to make your yard pop. Creating a small, peaceful rock garden can give your yard a sense of serenity and natural beauty. You don't want to get too complicated, though; some buyers may be put off by a yard that looks like it requires a lot of maintenance. Timed sprinkler and irrigation systems are also a feature that homebuyers buyers love—the less work, the better, right?

Need more tips on improving the exterior of your home and staging it to sell? Our experienced real estate professionals at Margaret Rudd & Associates can help. Contact us to get started today.  

April
15

Choosing Paint Colors to Sell Your Coastal Home

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.

  • Mix It Up on the Outside

    Monotone paint jobs make everything blend together. Homes that use the same shade for the doors, windowsills, trim, and exterior walls may struggle to leave an impression on passers-by. This could also make it difficult to entice potential buyers to investigate the inside.

    Use different yet complementary colors to make your home more noticeable. Darker colors on the walls resist unattractive visual dirt build-up, while lighter colors for the trim make architectural features stand out more prominently.

  • Concentrate on Priorities

    When time and resources are short, focus your attention on the areas that buyers look to first. These include:

    • Kitchen. Kitchens are the most popular rooms in the home. If you're running tight on time before your first open house, make this your main priority.
    • Bathrooms. After the kitchen, bathrooms are what concern potential buyers the most. Spread a few coats onto cabinets as a low-cost, yet effective, way to liven up dingy wood.
    • Family room. Make the family room feel welcoming with paint in a fresh, clean color. Skip the dark tones in favor of lighter colors. Don't forget the ceiling.
    • High-traffic areas. Hallways and foyers are another point of interest for incoming investors. These areas are often the first thing visitors will see in your home. Make sure the first impression is good.

  • Pick a Palette

    Clashing colors make a home look awkward and feel unorganized. Choose a color theme to use throughout your property for a unified and comfortable feel.

    • Earth tones are best for family homes. Minty greens, frosty browns, and cool blues are great for outdoor paint jobs. You can tie the home together by using those same colors to trim interior rooms.
    • Stick with neutral colors to appeal to the widest possible audience. Beige, white, and gray are general enough to fit most decor.
    • Play up eclectic elements with a pop of color. Use bronze to highlight a soffit or a bold color to emphasize an ornate door. This color should be used sparingly.

Need more tips to help sell your Southport, NC home? Contact Margaret Rudd and Associates for more pointers on perfecting your home's paint job.

March
11

Spring Maintenance to Sell Your Southport Home

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. 

  • Wash off outside surfaces. Use fresh water to remove as much salt as possible. Additionally, spray silicone spray on metal surfaces both inside and outside to protect against corrosion. 

  • Clean windows regularly, preferably every week. Wind and salt can pit the glass, leaving less than picture perfect views.  

  • Inspect your home for mold. With damp air, mold can gain a foothold and multiply. Using dehumidifiers may help combat this ugly villain. 

  • Check the exterior. If your home is made of natural siding, it will need to be re-stained every two years. If your exterior is painted, whether the whole home or just doors and windows, take a good look at the paint, especially after a hot summer. Paint can blister in our North Carolina sun, exposing the wood underneath to the elements. 

  • Prevent unwelcome pests. Get your beachfront home regularly inspected for termites.  

  • Check electrical wires. Beachside weather can quickly corrode wires exposed to outside air. You can wrap them in moisture-proof tape to help avoid this.
      
  • Inspect landscaping. Take a look at your landscaping and take note of which plants are holding up well. Using natural plants native to the North Carolina coast will help your yard maintain its landscaped look and reduce the amount of watering you have to do.   

Finally, while you are doing battle with salt and sand, don't forget the routine maintenance chores that all homes need, no matter their location. 

  • Do a visual inspection of your roof, gutters, and downspouts. Look for shingles out of place and gutters that look to be pulling away from the home. Making small repairs early can sometimes hold off more expensive repairs down the road. 

  • Check windows and screens, repairing any broken latches or torn screens. Nothing ruins a nap by the sea faster than a mosquito that got in through a hole in the screen.
      
  • Have a professional inspect your HVAC system regularly, looking for unseen problems that tend to pop up on the hottest days or coldest nights. Don't forget to change the filter at least twice a year.  

If you need help on making sure your home is ready to show off to prospective buyers, contact us, and we will be happy to guide you. 

February
11

5 Pro Tips for Curbing Home Seller's Anxiety

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. 
  1. Find a Great Partner
    Working with a professional who knows the market is one of the best ways to reduce home selling stress. A great realtor can help you set a realistic price and create a well-rounded marketing plan. He or she will also act as a sounding board and help you with the big decisions you'll need to make right up until it's time to sign your closing documents.
  1. Stay Grounded in Reality
    If you aren't willing to accept that your home might not be worth as much as you think, you're setting yourself up for disappointment. While you certainly want to get a great price for your property, you also need to stay grounded in reality.

    Look at the prices of other comparable homes that have recently sold in your neighborhood. Consider how long they were on the market and how long you're willing to wait. If your home isn't moving as fast as you had hoped, make sure you're willing to come down in price periodically until you get the bite you've been waiting for.

    Before you list your home, determine the absolute lowest price you're willing to entertain. This will help you stick to your guns if things get emotional down the line.
  1. Choose Your Buyer Carefully
    When you finally receive an offer, it's understandable to want to immediately accept. After all, this is what you've been waiting for, right? Before you pull the trigger, take a step back and check whether the potential buyer is going to be able to close the deal. If you accept an offer that later falls through, not only will it create a ton of unnecessary stress, you'll also have missed out on other potential buyers.

    Check your potential buyer's pre-approval letter and consider whether your home is likely to meet the standards required for the type of loan the buyer is seeking. Also make sure the buyer is willing to put down a decent deposit, which will protect you if they decide to walk away from the deal after the waiting period is over.   
  1. Don't Let Your Home Sale Take Over Your Life
    No matter what happens with your home sale, don't let it dominate your life. Instead, take planned breaks where you'll give yourself some much needed "me time." Take a yoga class, try meditation, or just close your eyes and breathe deeply for a few minutes each time you feel the anxiety start to creep up on you.

    Help yourself sleep better by setting a cut-off time each night when you'll stop talking about your home sale. If important thoughts or "to dos" pop up after that time, simply write them down and revisit them again in the morning.

Let Us Help You Make Your Move

Are you getting ready to put your home on the market? Don't let it stress you out! With Our REALTORS® by your side, the entire process will feel like a breeze. We go out of our way to take care of the details, so you don't have to. Contact us today to get started.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/30/2022. The listing information on this page last changed on 11/30/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NCRMLS (last updated Wed 11/30/2022 5:59:20 PM EST). Real estate listings held by brokerage firms other than Margaret Rudd & Associates, Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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