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Southport, North Carolina August 9, 2010
Market Update

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Peter Heck, Broker-in-Charge

One of the best parts about living in southeastern North Carolina is welcoming work-weary, traffic-weary and weather-weary people to our lifestyle. After years of commuting from New Jersey to New York City, one of the best things for me was moving from jacket and tie to a pair of khakis and a golf shirt. Every day. Even to work.

A fascinating new report has just been released on the baby boom generation that is preparing to leave the work-weary world. It was commissioned by the American Housing Conference. There are some very interesting numbers to report that affect the housing market in a place like ours where there is great fishing, amazing golf, long stretches of open beach and very little traffic.

The report indicates that every eight seconds, one of the 78 million baby boomers turns 60. Nearly half (49 %) intend to have a smaller home and 38% want to live in a better climate. The majority (66%) want one floor living.

What's even more interesting is that six in 10 expect to retire within 5-10 years.

With those statistics in mind, here's the best part. Brunswick County still has some of the best pricing for land and homes on the entire Atlantic Coast. Almost anything is possible, whether it's on the beach, near the beach, in one of our great golf communities or peaceful historic villages.

We've got the climate, a wide variety of homes (or land so you can design your own) and prices that are hard to beat.

Bring your weary selves for a visit. We'll show you the possibilities. Trust me, that retirement timeline just might get a bit shorter.

Here are the numbers for the past two weeks:
--98 homes were sold or are under contract.
--Sold/pending homes were on the market on average 175 days.
--Average selling price was around $300,000.
--31 homesites were sold or are under contract. Average selling price was around $100,000.

What's Going On
The Brunswick County Chamber of Commerce Golf Tournament is August 28th. Proceeds benefit the Chamber's educational fund. For information and registration, call 910.754.6644 ext 104.
Contact Us:
Call to talk to an agent about the market for buyers and sellers: 910.457.3720
Browse our wide variety of listings, see tax information, learn more about the area and read our blog at www.ThreeRiversRealtyNC.com

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