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Although many homeowners take on small renovation projects themselves, they often hire contractors to work on larger projects, including kitchen or bathroom overhauls and home additions. Deciding between DIY and hiring a pro for home improvements can be tricky. For small, manageable tasks like painting, minor landscaping, or simple plumbing fixes, DIY can save money and offer a sense of accomplishment. However, for complex projects such as electrical work, major renovations, or anything involving structural changes, it's best to hire a professional. Pros bring expertise, safety, and ensure the job meets all regulations. Assess your skill level, the project's complexity, and the potential risks to make the best decision. Regardless of the project, finding the right person for the job can be a challenge. If you’re considering a home renovation, give us at Carl Johnson Real Estate a call. We can refer you to reputable contractors and tradespeople in our local area or advise you on renovations that may increase your home’s value  Planning a home renovation or upgrade in the Greater Triangle area, which includes Durham, Hillsborough, Chapel Hill, and Carrboro? A REALTOR like Carl Johnson offers strategic guidance to ensure your investment aligns with current market trends and enhances your property's value. With a keen eye for design trends and a deep understanding of what resonates with buyers in the Greater Triangle, Carl Johnson Real Estate provides insights that go beyond the aesthetic, ensuring your renovations contribute to the overall market appeal of your home. Call 919-880-0904 or CLICK HERE today to embark on a renovation journey with Carl Johnson Real Estate.
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We all have dreams worth saving for! Whether it’s building a nest egg for retirement, securing a down payment on a new home, or funding your children’s college tuition, having a clear plan can make these goals more achievable. As you manage your budget for 2024, it’s crucial to also track your savings goals. Here are some effective strategies to help you save for short-term, mid-term, and long-term goals, ensuring you’re on the right path to financial success.   Seek Professional Guidance
For those with more complex financial goals, consulting a financial professional can be incredibly beneficial. They can provide personalized advice and strategies to optimize your savings plan. Feel free to reach out to us at Carl Johnson Real Estate for a trusted referral to help you organize and manage your financial plans effectively. At Carl Johnson Real Estate, we're committed to providing exceptional service and results to all of our clients. To experience the difference for yourself, give us a call at 919-880-0904 today. CLICK HERE to check out our testimonial page to read what everyone is saying about Carl Johnson Real Estate and see why we are so very grateful for you! It’s almost impossible to predict when a crisis may occur. From major storms to a global pandemic, the world has experienced a handful of unexpected events in the past few years. When weathering a storm — figuratively or literally — it’s important to be prepared. That’s why at Carl Johnson Real Estate, we're sharing information to help you in times when the unexpected happens. Emergency preparedness may not be most fun thing to talk about, but it’s still important to make sure you and your family are ready for anything. It is my hope that these tips bring you comfort and peace-of-mind by helping you expect the unexpected!   The home buying or selling process can be very intricate, involving paperwork, market knowledge, and experience in handling situations as they always arise. A REALTOR like Carl Johnson is well-versed in navigating these complexities and streamlining the journey for you. At Carl Johnson Real Estate, we have an extensive network of professionals – from mortgage brokers to inspectors – ensuring a seamless process. By leveraging our trusted partners and our resources, you save time, energy, and money, allowing you to focus on your next move, which is more than enough to focus on as there is so much to do when moving.
Call 919-880-0904 or CLICK HERE today to experience Carl Johnson Real Estate in Carrboro, Hillsborough, the Greater Triangle and Crystal Coast.  This month, I'll be sharing some ideas with you on how to achieve your dream of owning a vacation or second home. Remember, as your trusted real estate professional, I'm here to help you find that perfect spot and turn your dream into reality!  REALTORS are plugged into the pulse of the real estate market, and Carl Johnson Real Estate takes this to the next level, especially in the Greater Triangle and on the Crystal Coast. Carl’s comprehensive understanding of local trends, property values, and neighborhood dynamics gives you a distinct advantage. Whether you're a buyer seeking the perfect location or a seller aiming for the optimal listing price, Carl Johnson Real Estate's market insights are invaluable.
If you’re ready to buy or sell at the beach or in the Greater Triangle, Carl Johnson Real Estate can help you. Give us a call at Carl Johnson Real Estate at 919-880-0904 to learn more about how we will help. To learn more about the Crystal Coast CLICK HERE.  Explore the ever-evolving real estate tapestry of the Crystal Coast, where every neighborhood tells its own compelling story of market activity. From bustling hubs to undiscovered treasures, embark on a journey to uncover the freshest trends in residential and multi-family properties across our diverse locales. Delve into the data and unveil the standout areas that are seizing the spotlight with their dynamic sales and enticing investment prospects. Stay tuned to this monthly blog series to stay abreast of the market pulse and make informed decisions as you navigate the Crystal Coast real estate landscape. Overall, the real estate market in these coastal towns remains strong and dynamic. With a mix of bustling hubs and smaller, resilient markets, each area demonstrates unique appeal and activity. Whether it's the high-end allure of Emerald Isle or the steady performance of Beaufort and Morehead City, these regions continue to offer attractive opportunities for both buyers and sellers.  Atlantic Beach, a bustling market, currently has 74 active properties and 14 new listings. Recently, 13 properties were sold, with an average price of $822,062.
Beaufort emerges as a vibrant hub with 128 active listings and 27 new additions. It saw 29 properties sold, with an average sale price of $576,039. Bogue, though smaller, shows some activity with 5 active listings and 4 new ones. Three properties were sold here, averaging a sale price of $130,000. Cape Carteret, despite its smaller scale, remains resilient with 23 active listings and 9 new ones. It saw 2 properties sold, fetching an average price of $475,875. Emerald Isle maintains its allure with 106 active listings and 30 new ones. Twenty-one properties changed hands, with an impressive average price of $1,168,048. This coastal gem continues to captivate both buyers and sellers, showcasing the region's robust real estate market. Indian Beach displays promising activity with 31 active listings and 10 fresh additions. Six properties sold at an average price of $712,667. Morehead City proves its resilience with 81 active listings and 26 new additions. Notably, 23 properties were sold, with an average price of $475,581. Pine Knoll Shores shines brightly with 24 active listings and 11 new entries. Despite modest numbers, 6 properties were sold, commanding an impressive average price of $826,762. Swansboro, with 58 active listings and 20 new additions, denotes a healthy market. Twenty-one properties were sold here, with an average price of $344,868. The home buying or selling process can be very intricate, involving paperwork, market knowledge, and experience in handling situations as they always arise. A REALTOR like Carl Johnson is well-versed in navigating these complexities and streamlining the journey for you. At Carl Johnson Real Estate, we have an extensive network of professionals – from mortgage brokers to inspectors – ensuring a seamless process. By leveraging our trusted partners and our resources, you save time, energy, and money, allowing you to focus on your next move, which is more than enough to focus on as there is so much to do when moving. Call 919-880-0904 or CLICK HERE today to experience Carl Johnson Real Estate in Carrboro, Hillsborough, the Greater Triangle and Crystal Coast.  Welcome to the Luxury Market Report, your guide to luxury real estate market data and trends for North America. Produced monthly by The Institute for Luxury Home Marketing and brought to you by Carl Johnson Real Estate, this report provides an in-depth look at the top residential markets across the United States and Canada.  The Evolving Path of Luxury Real Estate In recent years, the high-end housing market has seen significant growth and transformation, with new trends and developments as well as historic levels of demand shaping the industry. As we move into the height of the 2024 spring market, we review the way the market is trending statistically and investigate how the luxury real estate segment continues to evolve and adapt to changing consumer demands, technological advancements, and economic factors. Consistent Demand Despite lingering uncertainty outside the luxury real estate market, the increasing level of inventory and number of sales, combined with the steadiness of prices, has resulted in a display of consistent demand for luxury properties during the first four months of 2024. The number of sold luxury properties has risen both month over month since the start of 2024 as well as monthly in comparison to 2023. April’s figures for single-family homes have more than doubled, increasing by 104.4% since January and by 32.1% compared to April 2023. Attached homes have risen a little less, at 86.5% since January, but by 32.4% compared to April 2023. This sales trend has been greatly assisted by the increased level of new inventory entering the market, up by 160% since January and by 37.5% compared to April 2023 for single-family homes. Attached home inventory saw a much slower increase over the last four months of only 18.4%; however, year over year, there was an increase of 44.4%. These increases are a clear indicator that, in general, sellers have become more confident that their luxury home will sell. While an increase in new inventory has resulted in a greater number of sales, the significant increase of sales and new inventory proves that the demand for luxury properties continues, enabling the market to remain strong. Sold prices also indicate stability in the current market overall; the monthly median price for both single-family and attached properties has barely shifted. But more significantly, the homes being sold are very close to their list price, with the return of the SP/LP ratio in the 99% percentile range for the first time in a year.  Evolving Expectations and Preferences The luxury property market encompasses a variety of high-end residential options, including luxury homes, penthouses, condominiums, and expansive estates. This segment offers luxurious amenities, stunning views, and exceptional craftsmanship, catering to buyers in search of elegance and refinement. However, one of the primary reasons behind the sustained strength of the luxury market is the continuously evolving expectations and preferences of affluent consumers. Over the past few years, their changing decisions have had significant impacts on the luxury real estate landscape, and it is these influences that are reshaping the market once again. The emerging trends in the market suggest a shift towards creating spaces that offer more than just luxury; they are about curating experiences that align with the profound values and lifestyles of discerning clientele. It is predicted that the luxury homes of the future will integrate sustainability, cultural richness, personalization, and social responsibility, transcending conventional concepts. Essentially, sellers of high-end real estate market in 2024 and beyond, should start to provide unique, immersive experiences that deeply resonate with individuals seeking more than just a residence but a reflection of their ideals and aspirations. As the luxury real estate market continues to thrive and adapt to changing preferences and trends, staying informed and working with a trusted professional will be key for affluent home buyers and sellers. These luxury advisors keep a pulse on the emerging trends which allows their clients to make informed decisions and seize opportunities in this dynamic and exciting market   Did you know that Carl Johnson is certified as an Institute for Luxury Home Marketing Specialist, CLHMS, which means he offers superior knowledge and experience in the luxury market? His CLHMS membership also provides him with access to an elite network of contacts and resources that help to find you your dream home from Swansboro to Beaufort and beyond. Trust your luxury listing to Carl Johnson Real Estate! Call 919-880-0904 for a consultation or CLICK HERE.
 Escape the mundane and embrace the dream of owning a second home in your favorite vacation spot! How many times have you found yourself on holiday, enchanted by the idea of calling that picturesque destination home? Yet, practicalities often cloud such dreams. But what if there was a way to turn that fantasy into reality? This month, we're delving into the benefits of owning a second home.   At Carl Johnson Real Estate, we're dedicated to helping you transform your vacation dreams into tangible possibilities for you and your family. We'd be delighted to help make that a second home a possibility for you and your family.
Did you know we serve clients from Swansboro to Beaufort? If you know anyone who needs assistance, simply text or call Carl Johnson Real Estate at 919-880-0904 with their name and #, and we'll take great care of them! Whether you're a buyer seeking a vacation home or a seller aiming for the optimal listing price, Carl Johnson Real Estate's market insights are invaluable. Call 919-880-0904 or CLICK HERE today to tap into Carl Johnson Real Estate's expertise in Durham, Chapel Hill, Carrboro, Hillsborough and beyond. Published by the Triangle Multiple Listing Service: U.S. existing-home sales decreased for the second consecutive month, dipping 1.9% both month-over-month and year-over-year, as reported by the National Association of REALTORS® (NAR). Sales declined across all four regions of the country. Despite these figures, the market remains resilient, with home prices continuing to rise nationwide. The median existing-home price recently hit $407,600, marking a 5.7% increase from the same period last year and setting a new record for the month. Higher borrowing costs and rising home prices have influenced demand, prompting some prospective buyers to wait on the sidelines, yet the increase in inventory this year offers promising opportunities for future buyers.  In the Triangle Region, new listings rose by 21.7% to reach 4,862. Sales under contract saw a slight increase of 1.3%, totaling 3,605. Inventory grew by 9.4% to 7,073. The median sales price experienced a minor decline of 1.2%, dropping from $410,000 to $405,000. Days on market significantly decreased by 72.5%, now averaging 11 days. The months supply of inventory increased by 14.3%, reaching 2.4 months.  In Chatham County, new listings saw a notable increase of 30.9%, reaching 161. Inventory experienced a slight decline of 5.6%, dropping to 270. The median sales price fell by 6.6%, from $683,711 to $638,575. Days on market decreased by 39.5%, now averaging 23 days. The months supply of inventory remained steady at 2.9.  In Durham County, new listings rose by 14.1% to 549, while inventory slightly decreased by 1% to 620. The months supply of inventory grew by 11.1% to 2.0. The median sales price increased by 2.9%, although the average sales price fell by 1.4%. The number of closed sales dropped by 7.9%, totaling 396.  In Orange County, new listings grew by 7.2% to 209, while inventory saw a significant rise of 43.4% to 281. The months supply of inventory expanded by 50% to 2.4. Both the median sales price and average sales price increased, by 7.5% and 11%, respectively. The number of closed sales went up by 3.1%, reaching 164.  In Person County, new listings rose by 11.6% to 48, and inventory grew by 35.2% to 73. The months supply of inventory increased by 37.5% to 2.2. Both the median sales price and the average sales price saw substantial increases of 11.2% and 42.6%, respectively. However, the number of closed sales fell by 23.3%, totaling 33.  In Wake County, new listings went up by 25.9% to 2,126, and inventory rose by 5.7% to 2,551. The months supply of inventory increased by 5.6% to 1.9. Both the median sales price and the average sales price experienced growth, with increases of 4.7% and 3.7%, respectively. However, the number of closed sales declined by 4.7%, totaling 1,496.
REALTORS are plugged into the pulse of the real estate market, and Carl Johnson Real Estate takes this to the next level, especially in the Greater Triangle. Carl’s comprehensive understanding of local trends, property values, and neighborhood dynamics gives you a distinct advantage. Whether you're a buyer seeking the perfect location or a seller aiming for the optimal listing price, Carl Johnson Real Estate's market insights are invaluable. If you’re ready to buy or sell at the beach in Carteret or Onslow County, Carl Johnson Real Estate can help you at the Crystal Coast. Give us a call at Carl Johnson Real Estate at 919-880-0904 to learn more about how we will help. To learn more about the Crystal Coast CLICK HERE.  Welcome to the Luxury Market Report, your guide to luxury real estate market data and trends for North America. Produced monthly by The Institute for Luxury Home Marketing and brought to you by Carl Johnson Real Estate, this report provides an in-depth look at the top residential markets across the United States and Canada.  A Stronger but Variable Spring Market March, often heralded as the commencement of the spring market, not only marks the awakening of nature but also provides insights into the trajectory of the real estate landscape for the ensuing months. After six months of steadily increasing levels of inventory and sales, March’s statistics also tell a story of continued strength. Positive seller sentiment is reflected in the uptick of new properties entering the market, which in turn, is fueling the opportunity for buyers to fulfill their new home expectations. In the luxury single-family market, inventory levels grew by 24.1% compared to March 2023, and by 5.8% compared to February 2024. New inventory entering the market also comparatively increased by 18.7% and 9.4%, respectively. In the luxury attached property, market inventory levels grew by 37.7% compared to March 2023, although fell by 5.1% compared to February 2024. Comparatively, new inventory entering the market increased by 20.8% but fell by 3.8%, respectively. Although inventory has increased annually for both single-family and attached properties, it still needs to be recognized that active listings remain approximately 40% lower than pre-pandemic levels. Sales, on the other hand, have increased both year-over-year and month-over-month. Sales of luxury single-family homes grew by 7.5% compared to March 2023, but more significantly by 31.1% compared to February 2024. Sales of luxury attached properties grew by 6.3% compared to March 2023, but again more significantly by 25.7% compared to February 2024. This higher demand for luxury properties also saw homes close quicker during March, selling nine days faster than in February 2024 for single-family homes and ten days faster for attached properties. Overall, the market is showing that it has become more favorable to sellers.  Market Dynamics: Not All Markets are Equal. March’s trend back to a seller’s market is mostly due to the significant increase in sales that, despite considerable increases in new listings, still saw the overall inventory level remain below the 10-year norm. However, this is not true at the local level, where significant differences between markets have continued to increase over the last few months. Some markets have become more favorable for buyers, while others remain firmly in control of the sellers, and the remainder are favorable to neither. For instance, East Bay saw a sales ratio of 138.1%, indicating that there were more sales than new listings entering the market during March. Greater Seattle saw 86.2 out of every 100 homes sell, i.e., an 86.2% sales ratio, and St. Louis saw 82 out of every 100 homes sell during March. At the other end of the spectrum, Whistler in Canada saw very few sales, with a 1.4% sales ratio for its luxury homes. Fountain Hills in Arizona reported only 4.8 luxury homes sold out of 100 i.e., a 4.8% sales ratio, while South Walton in Florida fared slightly better with a 6.7% sales ratio. On the balanced side, three Florida markets: Coastal Pinellas, Marco Island, and Broward County all reported sales ratios trending downward into the 12 percentiles, thereby leaning towards a buyer’s market. Whereas Toronto, Kauai, and Sonoma County in California trended upwards into the 20 percentiles, towards a seller’s market. Equally confusing is that in some markets, home prices continue to increase, while in others, they are on a downward trajectory. Different price bands within the same market also report differing results, and it’s not always the lower-priced properties that are selling the fastest!   While statistical data gives deeper insights into market dynamics and helps identify underlying trends, it needs to be appreciated that real estate decisions are also influenced by subjective factors such as personal preferences, lifestyle choices, and emotional attachments.
Equally, current and future community influences must be considered by both sellers and buyers. Markets are influenced by complex interconnected drivers such as economic conditions, regulatory policies, and demographic trends, as well as local factors such as culture, community dynamics, neighborhood characteristics, and urban development trends. Understanding these key parameters during this spring market will help buyers and sellers manage their expectations, leverage opportunities, and appreciate their true negotiation power within their specific market. The art of selling and buying in this market needs a critical and analytical approach; understanding the realities and setting expectations accordingly will ensure that goals are achieved. For homeowners looking to buy or sell in today’s market, we recommend working with a Realtor who can capitalize on the preferences, trends, and demands in this dynamic and evolving environment. Did you know that Carl Johnson is certified as an Institute for Luxury Home Marketing Specialist, CLHMS, which means he offers superior knowledge and experience in the luxury market? His CLHMS membership also provides him with access to an elite network of contacts and resources that help to find you your dream home from Swansboro to Beaufort and beyond. Trust your luxury listing to Carl Johnson Real Estate! Call 919-880-0904 for a consultation or CLICK HERE. |
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