CRYSTAL COAST REAL ESTATE MARKET: “Brisk”, “Healthy”, and “Expanding” are the adjectives chosen to describe the current Crystal Coast real estate market. Demand is up (and rising), and supply, which was diminished by roughly 25% by the effects of Hurricane Florence, has not yet recovered. Seemingly, sufficient room exists for new inventory to come on market for sale.
Is now a good time to get involved in buying or selling a home? To both I would unequivocally say, "Yes!"
During the month of September, there were a total of 9,069 properties for sale in the Crystal Coast area. If you are a seller, that’s your competition. If you’re a buyer, those are your choices. Of that number, 2,108 homes got sold. In other words, home sellers had slightly under a 1 in 4 chance in selling their home during the month.
The average list price of a Crystal Coast home during May was $364, 312 up 13% over a year ago to date. The average sales price is up 14.5% over this time last year. Days on the market is down to 69, a 14% drop from September, 2018.
The over-all list price to sold price ratio was at almost 96%. So, by example, a home listed at $400,000 on average would have sold for $384,000.
If numbers likes these appeal to you, simply call or text me (919-308-2292) or send me and email: Denis.ShorewoodRealEstate@gmail.com to increase your probability of success in this dynamic Crystal Coast real estate market!
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