WATCH as North Carolina real estate expert, Jack Hamilton of Hamilton Realty Group, discusses the MID-YEAR real estate market numbers in St. James Plantation, NC.
Hi, Jack Hamilton with Realty Group, and today I’m coming to you live with a special edition of St. James Exposed. What I’m going to talk with you about today is the 6-month activity for the resale market in St. James Plantation and beautiful Southport, North Carolina. I’m going to give you a comparison so we can look at numbers for the first 6 months of 2019 versus the first 6 months of 2018. For the first 6 months in St. James in 2019 there were 107 resale listings taken compared to 124 for the first 6 months of 2018. That is a 16% decrease year-over-year. The amount of listings sold, again we’re focusing just on the resale market, were 72 listings sold in the first 6 months of this year versus 93 in the first 6 months of last year. Which again is a drop of 13% year-over-year. The average days on the market has gone up 5% to about 127 days versus 117 in 2018.
The good news, if there was any good news in this report, is that the average sales price has eeked up just a little bit, in fact just basically a couple of thousand dollars in the first 6 months. Overall, we’re seeing a little bit of a slowdown for the first 6 months this year. Historically August, September, October and a little bit into November are active. Obviously, we’re hoping that’s happening.
As always, our goal is to be your resource for everything real estate related in St. James Plantation. If you’re looking to buy, if you’re looking to sell or you’re looking for an investment in there we would love the opportunity to serve you. I hope this information proved helpful to you and we’ll be talking to you again soon.