While the sales of existing homes have been rising recently, there is another type of property that is peaking Coastal Carolina homebuyer interest— condos.
According to the National Association of Realtors, single family home sales have risen slightly month-to-month this year, but condo sales have seen a spike of over 7 percent. Comparing these two increases with last year's numbers, you will find single family home sales were actually down 7 percent, while condo sales fell flat. It's a significant jump in popularity for both types of North Carolina homes, but condos are coming out ahead.
"We are beginning to see people liking more closer-in developments," said an economist for the National Association of Relators. "The baby boomers who are looking to trade down, they are looking for condominiums. Many of the younger people, if they can qualify to buy, they are looking into the condominium style of living, compared to single family with backyards."
These increases in single family and condo sales come at a time where more Crystal Coast homebuyers are found to be looking at easier living, more often in what are characterized as the suburbs or "exurbs." More Americans are streamlining their finances and their home choices are reflecting that. They're moving to areas like Emerald Isle, Morehead City, Havelock, Beaufort, Atlantic Beach for not just a more relaxed lifestyle, but for condos or homes that allow them to build long-term wealth with Crystal Coast real estate, but also save while doing so.
The median price for a condominium, nationwide, has been lower than single family home prices, according to the NAR. However, last month did see a jump— perhaps due to a stronger demand for the properties.
This summer, the local real estate market will likely see more home sales, many of them condos, as North Carolina homebuyers get the itch for new scenery and change in surroundings, but into a property that makes sense for them and their finances. We will likely see many Crystal Coast homebuyers choosing condos or townhouses.
"It's in the conforming mortgage limits, and people can get into those homes easier," said one East Coast builder.
Contact us today for a list of homes for sale along the Crystal Coast of North Carolina. Whether you're looking for a single family home, condo or townhouse, we're happy to help find a property that works for you!
April showers may be proverbially behind us, but storm season is just around the corner! And no matter if you're just settling into your Coastal Carolina homes for the summer or preparing to sell your current Crystal Coast home, these tips will come in handy for keeping your property safe.
Trim Your Trees
Start outside with the yard. One of the biggest causes of damage (and one of the most expensive) during storm season are tree branches, so take a look at those outside your Coastal Carolina homes. Trim any loose branches that you can see and inspect those near your home to ensure their stability. "Your homeowner's insurance policy will generally cover damage to your home caused by trees, but it usually pays no more than $500 to $1,000 for tree removal," reported one risk consultant. "Even though it can cost a few thousand dollars to clean up a fallen tree."
Clean Your Gutters
Move next to your gutters to remove any leaves and debris that may be inside. These items can clog the gutters and send water pouring down the side of your house or even under your roof. While you're doing this, check for any cracks that could allow water into your home and patch them if found. If you happen to spot any damaged or missing shingles on the roof, you can save yourself a headache later by replacing them before storm season is underway.
Secure a Backup System
With a lot of rain, Crystal Coast homeowners will be reminded how important it is to have a sump pump in place— especially if your basement is finished. Think of the damage that could arise from having your sump pump suddenly stop working in the middle of a storm or downpour. Your homes in Atlantic Beach, Emerald Isle, Beaufort, Morehead City could see water damage and potentially not be covered by insurance. Make sure you have a backup battery for your sump pump in case the power goes out or consider investing in a second sump pump for extra security.
The Crystal Coast of North Carolina is a great place to relax this summer and enjoy easy, beach living! Take these steps now to avoid any problems that could arise with your homes in North Carolina and ensure smooth sailing for the entire season. Ready to move to a new home this summer? Contact us today to discuss how we can help!
You may be planning to sell your homes on the Crystal Coast and have begun spring cleaning to attract buyers, but what's your home's green factor? When searching for North Carolina real estate this year, many homebuyers are drawn to properties with eco-friendly appliances and upgrades. Many of these you can attempt this weekend and require little money at all!
Detox Your Bedroom
Did you know you can detox your bedroom simply by replacing the bedding and letting the sun shine inside? Washing your bedding is probably something you do regularly, but what about your pillows? Many toxins and dust mites can take up residence in your pillows and washing them will keep you away from their harmful effects. Next up, open the blinds and windows! The sun can eliminate extra moisture that may be building around windows and its rays shining on your bedding can go one step further in the detox process.
Energy Efficient Lighting
One easy way to "green" your homes on the Crystal Coast is to upgrade your light fixtures, even switch out the light bulbs. Making the change to compact fluorescent lights or CFL can save you up to $30 and use one-fifth of the energy that a typical bulb does; these bulbs also last longer in your home. Keep in mind, however, that these bulbs should not be used in areas with high traffic where they will be turned on and off often.
Add Houseplants
One of the best ways to update your Coastal Carolina homes in Atlantic Beach, Morehead City, Emerald Isle, Beaufort, and Cape Carteret this spring is readily available right now! Houseplants and flowers not only make your spaces look great for potential homebuyers touring the property, but actually improve your health! In fact, "having almost any type of houseplant in your home will help remove volatile organic compounds [or] VOCs," says home improvement website Bright Nest.
If you're thinking of selling your home on the Crystal Coast of North Carolina this year, adding these eco-friendly updates can really push your home to the top of a buyer's list. Try these projects this weekend and feel free to contact us when you're ready to start the Crystal Coast real estate process!
