For the past 2 years I can recall being “educated” by numerous veteran real estate sales people that the bottom had come and gone, and brighter days lay just on the horizon. Unfortunately, they were wrong in their assessment and things did become worse for the national and county real estate markets. However, today I can openly suggest that the bottom of the real estate market for the Brunswick Islands and Brunswick County, North Carolina occured during the early part of the winter of 2008 and late winter 2009.
The recent sales success throughout the county and data reported by the Federal Housing Financing Agency support what many of real estate professional have witnessed first- hand, the local real estate market is improving.
Foot traffic, direct mail and Internet inquiries have increased significantly over the last 4-6 weeks. My office has gone from a trickle of new inquires to stream of interest. Generally, those families walking in the door today are looking for a great deal and fortunately for them there are some amazing values out there.
These bargain shoppers have entered the sales office armed with foreclosure listings, county tax record data and a twinkle in their eye. They are ready to do business and have the financial means to do so. In some cases, their expectations are not in-sync with the local market, while with others they are completely unrealistic.
Fortunately, for Brunswick County and it residents the fall wasn’t as far as many other areas of the country, suggesting that the rise will be sooner. The attractive cost of living, relaxed lifestyle and business opportunities will continue to bring families to the area. I feel strongly that the mechanisms for growth are still very much in tact and the future is bright for Brunswick County and the Brunswick Islands.
Filed under: Brunswick County Real Estate, Brunswick County Real Estate, Coastal North Carolina Real Estate, Foreclosures, North Carolina Real Estate
