Bald Head Island Real Estate Trends – August 2020
Posted on August 14, 2020
As we head into late summer, the real estate market on Bald Head Island remains hot, with more homes under contract on the island than remain in active inventory. If you’re contemplating whether now is a good time to list your island property for sale, we’d suggest that now is actually a great time to list, as buyers are seeking second home getaways in higher numbers than we’ve seen in more than a decade. In greatest demand are homes priced under $1 million, but sellers of homesites and higher priced homes are also are benefiting from this market.
In the last 30 days, Intracoastal Realty has contracted or closed 20 homes and homesites, totaling more than $17 million. Year-over-year to date, our sales unit volume on Bald Head Island has grown 21%, while our sales dollar volume has grown 63% (see graphic below).
With interest rates at historic lows and buyer enthusiasm so high, we expect sales momentum to continue as we head into our typically busy fall selling season.
If you’re an owner who’d like a free comparative market analysis on your property’s current value, we encourage you to reach out to our office at your earliest convenience. If you’re considering the purchase of a second home property, or a homesite where you can build to suit your family’s specific requirements, call our office today at 800-888-3707 or view a comprehensive database of island properties for sale.
The Intracoastal Realty sales office is open 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.
Whether in person or through a virtual meeting, our team is here to answer any questions you have about buying or selling Bald Head Island real estate.
If you are already working with a real estate broker, this is not meant to be a solicitation of your business.