August was another incredible month for The Keith Beatty Team and our area’s real estate industry as a whole. When it comes to the market right now, the two words that stick out most to us are ‘Luxury’ and ‘Migration.’ Records are breaking all over the place in the luxury market, especially in Wilmington and Wrightsville Beach, while out-of-state visitors are on the rise.
Multimillion-dollar homes are selling at record pace as many buyers are taking advantage of the low interest rates, but also looking to find a home that will serve them as more than a function of life. Your home is now your private paradise for the next few years as we continue to navigate changes to our travel and entertainment plans. More than ever, buyers are seeking those extra amenities, such as a pools, outdoor Kitchens, water access and the all-important Home Office! With so many folks working from home, demand is high for a functioning Office that also doubles as a virtual learning school space for families with small children. If selling your home, you may want to consider turning that Bonus or Flex Room into a nice Office!
Along the lines of luxury living, we are proud to announce the launch of our new premier community, Airlie at Wrightsville Sound. This upscale neighborhood is the newest 49 lot enclave within just a few miles of the Wrightsville Beach drawbridge! We’re already seeing a lot of interest, including our first buyers – so be sure to check out more details below.
The other pattern we have seen here in the southeast is an increase in migration of people from all over the country. Out-of-state license plates are everywhere you look! The desire to work from home and near the beach, coupled with a milder climate is in high demand. This has continued to put pressure on our area’s real estate inventory, so if you have a home to sell – now may be the right time as we continue to see multiple offers on most listings!
The problem most people have with selling their home is looking for their next move, so let The Keith Beatty Team help you find that opportunity – whether it’s keeping you updated on the newest listings to hit the MLS or searching for “off the market listings.”
We’re here to help any way we can!
Keith & Drew
