Bald Head Island Real Estate Market Update – July 2020
Posted on July 1, 2020
Greetings from Bald Head Island! We hope you and your family remain healthy as communities respond to the COVID-19 pandemic.
In these challenging times, we’re finding that Bald Head Island continues to appeal to consumers in congested urban areas who are looking for a place of solitude and safe haven to live full-time or own a vacation getaway. It is no overstatement to say that interest in island real estate is at its highest level in years. Just since May 15, Bald Head Island has seen 55 new contracts for a total of nearly $50 million in pending business. Additionally, historically low mortgage interest rates are creating a sense of urgency by allowing buyers to purchase more home for their money.
If you’re a property owner who’s been considering listing your island home, we encourage you to contact the Intracoastal Realty sales office today for a free comparative market analysis on your home’s value. With buyer demand exceeding supply, we’re needing new for sale inventory as we head into the typically busy summer selling season.
Island businesses, including our Intracoastal Realty sales office, have reopened to visitors with safety restrictions such as social distancing, reduced occupancy and face masks in place. If you’d like to explore island real estate in person, please contact our office at 800-888-3707 or email one of our agents directly, and we can coordinate a socially distanced tour tailored to your interests. You can also view all island properties available for sale on our website.
As always, if we can answer any questions you have about buying or selling an island property, don’t hesitate to reach out. Whether in person or through a virtual meeting, our team is here to help.
If you are already working with a real estate broker, this is not meant to be a solicitation of your business.