Keeping up with home maintenance can often feel like a daunting task, especially when faced with a seemingly never-ending list of chores. However, maintaining a well-functioning home doesn't have to be a time-consuming ordeal. By staying proactive and focusing on quick repairs regularly, you can save both time and money in the long run. Here's a simple guide to help you tackle those small fixes efficiently: 1. Fix Loose Tiles: Loose tiles in the bathroom or kitchen not only look unsightly but can also pose safety hazards. Take the time to re-adhere any loose tiles to keep your space looking neat and prevent further damage. 2. Tighten Loose Hinges: Whether it's on doors or cabinets, loose hinges can lead to squeaks and difficulty in opening or closing. A quick tightening of screws can easily resolve this issue and ensure smooth functionality. 3. Address Drawer Tracks: Stuck drawer tracks can be frustrating and disrupt the flow of daily tasks. Unclog or replace them to maintain easy access to your belongings and keep your drawers functioning properly. 4. Fix Leaky Faucets: Leaky faucets not only waste water but can also drive up your utility bills. Take the time to repair any leaks promptly and ensure all plumbing systems are in good working order.
5. Tackle Stains: Whether it's carpet stains or worn-out hardwood floors, addressing these issues promptly can help preserve the aesthetics of your home. Invest in stain removers or consider refinishing floors to breathe new life into your space. In addition to these quick fixes, consider investing in further upgrades depending on your budget and preferences. Updating fixtures, purchasing new appliances, installing new hardware on cabinets, and giving the interior a fresh coat of neutral paint can all contribute to enhancing the overall look and feel of your home. By incorporating these maintenance tasks into your monthly routine, you can stay on top of repairs and prevent small issues from snowballing into larger problems. Remember, a little effort goes a long way in maintaining a comfortable and functional living environment. 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.
0 Comments
Explore the dynamic real estate landscape of the Crystal Coast, where each neighborhood paints a unique picture of market activity. From bustling hubs to hidden gems, discover the latest trends in residential and multi-family properties across various locales. Dive into the data and uncover the top-performing areas that are capturing attention with their vibrant sales and promising investment opportunities. Monitor this blog topic here every month to uncover the trends so that you are well-educated in the market. In Atlantic Beach, a bustling market with 64 active properties and 15 fresh listings across residential and multi-family sectors, saw 15 properties sold, boasting an average price of $1,015,087.
Beaufort stands out as another vibrant hub, presenting 97 active listings and welcoming 42 new ones. Among these, 18 properties found new owners, with an average sale price of $390,544. Cape Carteret, though smaller in scale, showcases resilience with 11 active listings and 7 new ones. Despite this, 3 properties were successfully sold, fetching an average price of $492,183. Cedar Point emerges as a top performer, featuring 24 active listings and 11 fresh additions. This area witnessed 6 successful transactions, with an average sale price of $565,268. Emerald Isle maintains its allure with 71 active listings and 32 new ones. While 11 properties changed hands, the average sale price stood impressively at $761,291. Indian Beach displays promising activity with 24 active listings and 12 fresh arrivals. Four properties found new owners at an average price of $616,875. Morehead City proves its resilience with 45 active listings and 30 new additions. Notably, 20 properties were successfully sold, boasting an average price of $548,787. Pine Knolls Shores shines brightly, featuring 13 active listings and 4 new entries. Despite the modest numbers, 3 properties were sold, commanding an impressive average price of $824,833. In Swansboro, 32 active listings and 23 fresh additions denote a healthy market. Eight properties were successfully sold, with an average price of $374,687. 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 article was originally posted on March 31 on the WRAL News website and can be found HERE. Ever dreamt of owning your own village? Well, now you can! Nestled near Jordan Lake, there lies the historic remains of a complete 'lost' community, comprising a general store, boarding house, and post office, all up for sale. The past comes alive once more as Merry Oaks, a village from the 1800s, opens its doors to potential buyers. Despite the passage of time and encroaching modern developments, this slice of history sits undisturbed on 3.3 acres of land. Tucked away down a winding country road, amidst ancient trees, the village stands as a testament to a bygone era, offering glimpses into life over 150 years ago. This enchanting property is available for purchase at a fraction of the cost of a house in Raleigh, listed at $500,000. The sellers hope that the buyer will undertake a loving restoration of the village rather than opt for demolition. Once bustling with activity, Merry Oaks boasted a one-room schoolhouse, a grist mill by the water, a blacksmith shop, a railway, and a depot, all supported by a close-knit community of cheerful neighbors. Descendants of the Yates family, who owned the General Store, fondly recall tales of their ancestors and the vibrant life that thrived in Merry Oaks. Merry Oaks: Last pieces of 150-year-old village for sale, including a boarding house, general store and post office. Photo Credit: Wral.com As the decades passed, the community gradually declined. The onset of World War I and the lure of education drew residents away, leading to the closure of Merry Oaks High School and subsequent shutdowns of stores and services. By the 1950s, Merry Oaks ceased to exist officially, its history fading into obscurity.
Despite the losses, efforts to preserve Merry Oaks's legacy persist. Local residents have rallied to protect the historic church from demolition, securing a promising future for this cherished landmark. With the property now up for sale, there's hope that it will be preserved and repurposed, perhaps as a wedding venue or a quaint Airbnb. Some even envision reviving the spirit of Merry Oaks itself, imagining lively country music events echoing through its historic streets once more. 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 your own village 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. In a recent feature published in the Triangle Business Journal on April 01, 2024, a local builder sheds light on the burgeoning real estate landscape in the Triangle region. Titled “Loyd Builders commits to meeting the need for high-end luxury homes,” the article delves into the vision of Tripp Loyd, founder of Loyd Builders, who has been shaping luxury homes across the area for over two decades.
While the original article – found HERE – provides a comprehensive overview, this rephrased version aims to distill the essence of Loyd's insights for our readers. Tripp Loyd observed a gap in the real estate landscape of the Triangle area and recognized an opportunity. With over two decades of experience as the founder of Loyd Builders, he has established a reputation for crafting luxurious homes in prestigious locations like North Ridge Country Club, MacGregor Downs, and The Hills of Rosemont. Throughout this journey, he witnessed the dynamic growth of the housing market and the efforts of builders and developers to keep pace with the demand across all segments. In recent times, Loyd Builders' focus has been primarily on the upper echelon of the market, catering to homes valued at $3 million and beyond. Identifying a void in the market for single-builder developments tailored to this discerning clientele, Tripp Loyd embarked on a mission to fill this gap. One such venture is Shadow Creek Estates, nestled on 60 acres of wooded land along Durant Road in North Raleigh. This exclusive neighborhood stands as a testament to the unmet demand for ultra-luxury residences. Serving as both developer and builder for such communities, Loyd Builders ensures a cohesive vision from lot design to architectural coherence, delivering homes renowned for their meticulous craftsmanship. The success of Shadow Creek Estates underscores the appeal of Loyd Builders' approach, with only a handful of home sites available as of March, priced from the low $3 millions. The allure of this sought-after neighborhood extends beyond local residents, attracting families relocating from various parts of the country. Looking ahead, Tripp Loyd envisions expanding into northern Chatham County, citing areas like Old Chatham Golf Club and The Hills of Rosemont as promising locales for future Loyd-built communities. Emphasizing a harmonious blend of natural surroundings and modern amenities, Loyd aims to create havens where residents can enjoy privacy without sacrificing convenience. 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 – whether you're a seller, first-time homebuyer or a seasoned investor. Carl Johnson Real Estate has 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 do when moving. Call 919-880-0904 or CLICK HERE today to experience the streamlined process with Carl Johnson Real Estate in Carrboro, Hillsborough, and northern Chatham County. And if you are a Builder, Developer or Contractor, visit 4RE Marketing, Carl Johnson’s marketing solution for Builders, Developers & Contractors. 4RE Marketing offers a full scope of services from on-site sales to marketing projects and neighborhoods, focusing on five key concepts and beyond: connections, consistency, experience, social media, website content and more. 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 last four months have seen a subtle change in the luxury real estate market. While the affluent tend to be less impacted by outside influences, concerns over the financial market and economic variables did see buyers take a long pause and the market stagnate during most of 2023. Falling inventory, especially new listings entering the market and, even more specifically, a lack of home types in high demand, also resulted in a decline in the volume of sales. In recent months, there has been a quiet optimism building as the increase in new inventory entering the market has opened more opportunities for buyers. In turn, this has resulted in an uptick in sales. The data for February 2024 indicates there is positive movement with respect to sales. Compared to February 2023, the number of new listings entering the market increased by 41.4% for single-family homes and 46.4% for attached homes, but of more significance is that the number of sales also increased in both markets by 23.5% and 18.5%, respectively. The reality is that except for the locations where the buying frenzy caused both price increases and continued sales growth to become unsustainable, luxury home purchases are once again seeing higher transaction levels across many markets. The continuation of this upward trend is one that heralds the return of seller confidence and buyer demand as we enter the spring market. Property Types in Demand Demand for very specific property types will also bring change to the luxury market, as the wealthy not only seek the right location but also homes with amenities that equally meet their practical needs and “must-have” requirements. One trend that was on the uptick prior to the arrival of the pandemic was the demand for hotel style living in private residences, and according to Coldwell Banker Global Luxury’s Trend Report 2024, we should expect to see the demand for branded residences return. They predict that these residences will dominate the high-end home market as the affluent seek not just the best white-glove service but also the opportunity to enjoy ‘experiences'—and they are willing to pay top dollar. Expect to see growth in the multi-generational home. New builds are being designed to cater to extended families, whether it be multiple master suites, separate living spaces, or even additional homes on the property. That is not to say the trend is all about bigger. As people recognize they are happy to return to smaller footprints, particularly those heading towards metropolitan lifestyles, health and wellness are still top of mind. Instead, it is the use of space to promote physical and mental well-being that has become appreciated in an entirely new way. Amenities in Demand While the obvious, such as access to amenities like gyms, yoga studios, and spas, is important, it is the demand for sustainability and smart homes that is truly on the rise. Luxury homes, apartment buildings, and townhouse complexes are turning towards sustainable living options. This is not just for new builds, as many properties have gone through extensive renovations to provide for this demand. Using smart home technology has helped to facilitate changing these environments with fully automated systems that control not just entertainment and security systems but lighting, temperature, air quality, and water conservation. Privacy and security also remain highly important to the affluent, and there has been a notable increase in advanced security systems being implemented, as well as demand for properties that offer privacy and seclusion, whether branded residences or private homesteads. As we navigate through 2024, the high-end real estate market presents a landscape of opportunity tempered by challenges. As always, we highly recommend working with a luxury property specialist during this unconventional market to ascertain what is truly happening in your local marketplace. Navigating 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.
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. If you have a Luxury listing, use the most up-to-date marketing strategies for the market. Carl will position your listing ahead of the market curve. Call 919-880-0904 for a consultation or CLICK HERE. Exclusive Interview with Linden Creek, Founder, Alisa Arnhalt Home Staging & Interior Design Original Content by Carl Johnson Spring cleaning. Home refresh. In with the old out with the new. . . either way you say it, it feels good to take the time to freshen up your home and welcome in the warm sunny days of the new year and new seasons. Whether you are looking to sell your home or not, a simple declutter of a room, or a new pop of color added throughout can make any home feel updated and welcoming. This is a dive deeper into the interior home design trends of 2024 and some great tips and tricks on how you can achieve these trends. Our fabulous friends at Linden Creek sat down and talked with with what they see for the year moving forward. Alisa Arnhalt, Founder + Creative Director of Linden Creek, along with her experienced team, work as leaders in the home design and staging industry. Major Trend Take-aways:
Photo Credit: Linden Creek See our Q&A with Linden Creek Founder Alisa Arnhalt below to get more details on our trend take-aways and her insight into the industry. Q: What are some general interior design trends for homes in 2024? A: The biggest trend we are seeing in 2024 is warmer tones and deeper hues in everything from paint to furniture. Designs have quickly moved away from greys and whites and are now embracing warm linens and bold patterns and colors in wallpaper. Q: Are there any trends that continue from previous years? A: One of my favorite trends that is continuing into 2024 is choosing 1-2 rooms in a home to add a dramatic punch. Powder bathrooms, bonus rooms, and studies are a great place to break up the neutrals in the home and add a layer of personality. Photo Credit: Linden Creek Q: What do you think are some ageless design trends home owners can feel safe doing which won’t “go out of style”? A: The best advice I can provide on creating an ageless design for your home is to choose neutral and "safe" base furniture pieces, such as your sofa and dining table. Save the trendy updates for things like paint, area rugs, throw pillows, end tables, and accessories. These are easy and inexpensive to change out and will completely transform a room when you're ready to try something new. Q: Do home trends vary based on region? Do you see coastal designs? Modern and minimal in new construction? Or even homes staying historically accurate with their design based on area and home style? Do you recommend picking a design trend and sticking with it throughout the home? A: Yes, homes trend based on region. Even here in the Triangle, we see how Chapel Hill, Durham, Raleigh, and Cary all gravitate towards slightly different design styles. The variety is great! Chapel Hill is slightly more eclectic, Durham has a fun mid-century modern look, Raleigh is a bit more southern traditional, and Cary lean transitional. But ultimately, this shouldn't be a deciding factor on style as you design your own space. Simply choose a style you love and carry it through the home. Feel free to mix a couple styles to create a more curated look. Photo Credit: Linden Creek Q: Are there any trends that are surprising to you? Any that are extra fun or unique to you? A: Fringes on sofas and other upholstered items. I'll be honest, I didn't see this one coming. I was a little resistant at first but now I am madly in love with the look! Q: What types of furniture, lamps, and accessories trends are you currently seeing? A: Furnishings are moving away from all white. Cone-shaped shades are showing up everywhere in lamps. And accessories are embracing a more natural, vintage feel. Photo Credit: Linden Creek Q: If a seller is only able to do one thing to help their home stand out on the market what would you recommend? A: Staging your home is the best way to make it stand out (sure, I might be a little biased... but we've seen some pretty wild results). Painting walls is a very close second (and makes our job much easier) but we have staged homes with orange walls or '80s floral wallpaper and have seen the success of staging. When decor is in a home, designed as a marketing tool, it creates an emotional response for prospective buyers that leads to offers. Q: What are some simple steps home sellers can take to help their home meet current design trends? A: The two easiest and most cost effective things a homeowner can do to meet current design trends are painting and updating lighting. Painting walls a neutral white and changing finishes and styles to match current trends can completely transform a room. Photo Credit: Linden Creek Q: Are you and Linden Creek able to help sellers make their home look more trendy and desirable? From basic tasks/suggestions to full staging? A: At Linden Creek, we are here to partner with homeowners to help them make their home more trendy and desirable. We can provide recommendations on paint colors, lighting, ways to help your home show its best, or even provide staging services for vacant homes. Q: Where are people able to find unique items? Does Linden Creek have an online or brick and mortar store? A: We wanted to find a way to give our friends and the community access to the fun unique items we use in our designs everyday. From this vision, we launched Linden Creek | The Shoppe. This is an online store that offers furnishings, lamps, art, and curated collections of decor, crafted by our design team. Photo Credit: Linden Creek Staging & HomeDesign in Real Estate We always keep our client's best interest in mind, which is why we recommend, though never require, showing your home to buyers in a staged turn-key presentation. “Empty houses are harder to sell. Statistics show that buyers struggle to envision a space without furniture and vacant homes lend less emotional appeal. These factors contribute to vacant homes staying on the market longer. To avoid these obstacles, we provide vacant home staging services with furniture rental for home owners, investors, and model properties. By selecting the right furnishings, we make the spaces look larger and engage that emotional response. (home staging – Linden Creek (linden-creek.com))”. If you want to learn more about staging and how it helps your home stand out on the market CLICK HERE to read our article filled with information and statistics to help you. Keeping your home updated and refreshed helps you get more value out of it while on the market. You do not have to do major renovations or projects to make your home market ready. We can suggest simple tasks such as a painting refresh, accents features, even new light fixtures to help increase your suggested market value. At Carl Johnson Real Estate we walk through your home with you and take the time so see areas of the home we may look at differently so that we may get you the best value for your home. Using the insights from Alisa and Linden Creek we are able to make homes seem more desirable to buyers. Photo Credit: Linden Creek Looking to add Linden Creek’s modern style and designs into your home? Check out their online shop, Linden Creek | The Shoppe, where you can find and buy unique pieces perfect for your home style. From rugs, furniture pieces, wall decor, lighting, and other textiles you are able to shop from your home and find pieces big and small to add to make your home feel more modern and sophisticated.
Great paint colors, accents, and shades can make a home feel fresh and new as well. CLICK HERE to read our article on Real Estate Paint Color Trends of 2024 with an industry expert to see what would work in your home. If you are thinking about buying or selling a home, don't hesitate to reach out to Carl Johnson Real Estate today at 919-880-0904 or CLICK HERE to contact us. We will help you get your home on the market and you in your next dream home today! Raleigh is currently the second hottest real estate market in the country and Durham is the fourth, according to a new ranking from the U.S. News & World Report. The ranking used data from the U.S. Housing Market Index to weigh metropolitan areas across the country and give each of them a score from 1-100.
One year ago, Raleigh ranked the highest and Durham was tied for third. Denver, Colorado has now surpassed Raleigh for the number one spot with a score of 74.8. It was the second highest last year. Raleigh, now in second place, was given a score of 73.7 — still higher compared to the 71.7 score from the year before. Durham was named the fourth hottest U.S. housing market with a score of 72.8 — also higher than last year’s score of 67.3. When it comes to housing demand, Raleigh was ranked number one. Durham was ranked fourth. These rankings underscore the Greater Triangle's prominence in the real estate landscape. For those navigating this dynamic market, REALTORS like Carl Johnson offer invaluable expertise. Carl Johnson Real Estate stands out for its comprehensive understanding of local trends, property values, and neighborhood dynamics, providing clients with a distinct advantage whether they're buyers seeking the perfect location or sellers aiming for the optimal listing price. To leverage Carl Johnson Real Estate's market insights in areas including Durham, Chapel Hill, Carrboro, Hillsborough, and beyond, call 919-880-0904 or CLICK HERE today. As winter settles in and we find ourselves spending more time indoors, it's not uncommon to feel a bit cramped within the confines of our homes. If you resonate with this sentiment, you're not alone – one in four people admit to outgrowing their current living spaces. Below we share some information on why and how people decide to renovate their homes. It could be an easy fix, like reconfiguring existing rooms or a much bigger project, such as building an accessory dwelling unit (ADU) or adding a second story. Whether you're seeking a minor improvement or a major overhaul, understanding the motivations behind home renovations is key to making informed decisions. While costs and ROI vary, the investment in your home can yield both immediate and long-term benefits.
Planning a home renovation or upgrade in The Triangle area, which includes Durham, Hillsboro, Chapel Hill, and Carrboro? Carl Johnson Real Estate 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 Durham, Hillsboro, Chapel Hill, Carrboro, Carl will provide 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 in the Triangle. 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. Expectations and Considerations for 2024 To say that the high-end market has seen a dramatic growth over the last few years is probably an understatement. The recognition of its impact and undeniable influence, through emerging trends and architectural innovations, on the broader real estate landscape has been equally significant. As we step into 2024, the luxury market now stands at another fascinating juncture. This sector, known for its resilience and capacity to set trends, experienced a notable positive shift towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property enthusiasts. A Market Still Evolving Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest that this positive trend is not only continuing but has the potential to accelerate, particularly in the single-family luxury market. Indicators point to a robust spring market that could potentially outperform the previous year. In the luxury single-family market not only are all the data parameters stronger compared to January 2022, but there is also a trending upwards compared to December 2023. Both the overall inventory level and new listings entering the market grew 15.9% and 25.4% respectively compared to January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings by a staggering 88.9%. As a result, the single-family market saw an 18.4% increase in sales during January 2024 compared to January 2023, and the median sold price increased by 1.6%. In the luxury attached market, data parameters saw a less positive shift, mostly due to inventory levels declining significantly. Levels fell by 24.3% compared to January 2023, but also by 9.8% from December 2023. New inventory levels were also lower by 24.5% year-over-year, although higher month-over-month by 53.6%. Despite the increase of new inventory month-over-month with inventory levels falling far lower than typical levels this resulted in a 13.8% decline in January’s sales year-over-year, however, the median sold price held steady, seeing a 2.2% increase. The reason for this disparity between the attached and single-family market potentially lies in the price points. As we have often stated, the luxury real estate market tends to be the trend leader and it would seem that buyers and sellers of higher-priced homes are in the driver's seat once more. The Catalysts of Change Several factors contribute to this optimistic outlook for the luxury real estate market. Firstly, the economic stabilization witnessed towards the end of 2023 has played a critical role in restoring confidence among affluent buyers and sellers. This renewed confidence is expected to fuel a higher volume of transactions in the luxury market so long as inventory levels, especially new inventory, continue to increase. Additionally, the luxury real estate market continues to evolve, with new trends and architectural developments significantly impacting buyer preferences and investment strategies. Pent-up demand for new construction and highly renovated properties that have been updated to meet modern luxury standards are certainly expected to be the big drivers of sales now and in the future. Positive Influences on the Luxury Market The luxury real estate market in 2024 is set to benefit from a confluence of positive factors. A stabilized economy provides a solid foundation for growth, while technological advancements and a shift towards sustainable living are reshaping consumer expectations. Luxury properties that offer state-of-the-art amenities, energy efficiency, and innovative design are in high demand, reflecting a broader societal shift towards sustainability and wellness. Moreover, the luxury market is expanding beyond traditional hotspots to include emerging destinations that offer unique lifestyle opportunities. This geographical diversification is creating new investment opportunities and attracting a broader spectrum of affluent buyers, further stimulating the market. As we navigate through 2024, the high-end real estate market presents a landscape of opportunity tempered by challenges. Economic stabilization, technological innovation, and a growing emphasis on sustainability are driving positive trends, while potential disruptors require careful navigation.
s always, we highly recommend working with a luxury property specialist during this unconventional market to ascertain what is truly happening in your local marketplace. Navigating 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. 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. If you have a high-end listing, using the most up-to-date marketing information, Carl positions your listing ahead of the market curve. Call 919-880-0904 for a consultation or CLICK HERE. Make sure to review the data located at the bottom of this blog post, which shares information about two counties along The Crystal Coast, from Swansboro to Beaufort. U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). New Listings in the Triangle Region increased 27.3 % to 3,827. Under Contract Sales homes increased 2.4 % to 3,214. Inventory decreased 15.2 % to 5,802. Median Sales Price was close to dead even with last year. Days on Market decreased 18.2 % to 45. Months Supply of Inventory decreased 13.6 % to 1.9. Total inventory heading into February stood at 1.01 million units, a 2% increase from the previous month and a 3.1% increase from the same time last year, for a 3 months’ supply at the current sales pace, according to NAR. New Listings in Chatham County increased 43.9% to 141. Inventory decreased 7.9% to 268. Median Sales Price increased 11.2% from $500,000 to $555,950. Days on Market increased 17.1% to 48. Months Supply of Inventory showed no change and remained at 2.9. New Listings in Durham County increased 8.0% to 404. Inventory decreased 23.3% to 518. Months Supply of Inventory decreased 11.1% to 1.6. The Median Sales Price and Average Sales Price increased 3.2% and 2.3%, respectively. The number of Closed Sales decreased 10.7% to 259 in February. New Listings in Orange County increased 59.3% to 137. Inventory increased 17.3% to 176. Months Supply of Inventory increased 25.0% to 1.5. The Median Sales Price and Average Sales Price increased 11.8% and 11.3%, respectively. The number of Closed Sales also increased, 8.3% to 78. New Listings in Person County decreased 3.2% to 30. Inventory increased 7.5% to 57. Months Supply of Inventory increased 13.3% to 1.7. The Median Sales Price and Average Sales Price increased 20.1% and 9.5%, respectively. The number of Closed Sales decreased 14.8% to 23. New Listings in Wake County increased 27.4% to 1,616. Inventory decreased 28.1% to 1,904. Months Supply of Inventory decreased 16.7% to 1.5. The Median Sales Price and the Average Sales Price increased 0.2% and 4.4%, respectively. The number of Closed Sales decreased 10.7% to 1,097. In Carteret County, there were 601 active and 183 new listings in February, comprising residential and multi-family properties. The number of sold properties was 123, while the average sold price was $616,115. The average list price, meanwhile, hovers at $773,080 thus far in March, good news for sellers in Carteret County. In Onslow County, there were 1,274 active and 494 new listings in February, comprising residential and multi-family properties. The number of sold properties was 330, while the average sold price was $297,431. The average list price, meanwhile, hovers at $418,128 thus far in March, good news for sellers in Onslow County. 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 area & 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 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. |
Archives
April 2024
Categories
All
|