NEWS & MARKET UPDATE
NEWS AND MARKET UPDATE
October 29, 2008
Scroll down for our featured listings
Enjoy the weekend of November 7th in Southport -- the focus is on our artists' community. The First Friday Gallery Walk is a stroll through local art galleries with refreshments and special events at each, followed by the Artisans Holiday Boutique featuring the work of more than 70 local artists at the Southport Community Building.
Peter says... (BIC for Three Rivers Realty)
One month's figures do not make a trend, but there are some interesting things to take from the statistics of sales for existing homes in Brunswick County just released for the month of September. The state overall shows signs of recovery, and here in coastal Brunswick County we saw a 50% increase in sales over September of 2007.
Even though this is a one month trend, there are a few things we can take from it:
- The figures back up what we have already seen consistently for the past 8 weeks: that savvy buyers know prices like this won't be seen again and now is the time to buy.
- Real estate does not have the wild swings of other investments. The market is slow to react on both an upswing and a downswing.
- Affordability is what buyers are looking for, and it's what they are finding. The average house price for September was in the $267,000 range. This average range brings a permanent home, vacation property or investment out of the dream category and into reality.
Take a look at the sampling below of affordable coastal Carolina homes, and visit our web site for more. Be part of the trend while the prices are still good and mortgage money is readily available to qualified buyers.
Featured Listings
Ask Jim Clary about the features at 1084 Longleaf Drive in Boiling Spring Lakes
Ask ..... about an unbeatable lot location and price combo in St James for $140,000
Ask ..... about the super value of 4976 Montserrat Drive in Southport for $189,000
Ask ..... about a move-in ready home in Shallotte for $125,000
Ask ..... about an oversized lot In River Sea Plantation for $197,600
Ask ..... about the perfect starter home at 2218 East Boiling Spring Lakes Road for $168,000
