It’s important to know what’s going on in the local marketplace — ESPECIALLY, if you are considering the purchase or sale of your home in that area. It’s also important to hear it from someone you can trust!
TUNE IN as Jack discusses the current state of the market and what to do if you are looking to buy or sell!
Hey folks, Jack Hamilton, Hamilton Realty Group. Thanks for viewing our July newsletter. This episode I think I would just like to talk to you a little bit about what’s been going on in Brunswick County during the first 6 months of this year. In fact what we’re going to talk about is in comparison of how 2019 has performed against 2018. In the first 6 months of this year there were 3,642 new listings in the Camden market, which is a 4.8% increase over last year. Total closed units for the first 6 months of 2019 were 2309, which interestingly enough is an 8.7% decrease in the amount of units that were sold. Another interesting number, the listings that came on market and then went under contract were on the market for an average of 88 days, which is actually a 10% increase over last year’s numbers. Because in that same 6-month period in 2018 they were 97 days on the market.
The last number I’m going to share with you is the average sales price all over Brunswick County, 281,414 which is a 2.7% increase in average sales price. Normally when you have more inventory that comes on the market because we have more listings taking over 6 months, your average selling price goes down, but in this case it didn’t. Just some interesting thoughts to share with you. Still in our marketplace that Leland area: Brunswick Forest, Compass Point that is the fastest growing part of our county, followed secondly by the Southport, Oak Island, and St. James areas.
I hope that these numbers were helpful. I thought we’d just give you a recap on what’s going on in the real estate business. As always, our goal is to be your resource for everything real estate related. If you’re looking to buy, you’re looking to sell, you’re looking to rent or you’re looking to invest give us a call and we’ll talk with you about how we can help you with your particular situation. Again, thanks so much for following us and I hope you have a great month.