August 2012 Market Update for Topsail Island

2012 continues to be a very active year in the Topsail Island real estate market. The buyer traffic has been the strongest it has been in the past 5 years. We saw the market beginning to improve here in 2011, and the sales numbers for 2012 show continued improvement.  Although the buyer traffic continues to increase, this has not yet translated in to prices increasing but rather holding steady.  

 

Total Topsail Island Sales Jan 1st through Aug 25th 2011:     $87,649,404

Total Topsail Island Sales Jan 1st through Aug 25th 2012:    $110,815,774        

INCREASE OF $23,166,370 

 

Oceanfront Sales Jan 1st through Aug 25th 2011: $32,586,304

Oceanfront Sales Jan 1st through Aug 25th 2012: $51,891,984        

INCREASE OF $19,305,590

 

Island Interior Sales Jan 1st through Aug 25th 2011: $17,107,800  

Island Interior Sales Jan 1st through Aug 25th 2012: $27,532,380        

INCREASE OF  $10,424,580

 

Deepwater Sound Jan 1st through Aug 25th 2011: $8,337,000

Deepwater Sound Jan 1st through Aug 25th 2012: $9,579,000         

INCREASE OF   $1,242,000

 

LANDMARK  Jan 1st - Aug 25th 2011 Topsail Sales : $15,361,594

LANDMARK  Jan 1st - Aug 25th 2012 Topsail Sales: $26,306,375         

INCREASE OF   $10,944,781

 

These are just several examples of how the market is showing great signs of life and improvement.  In addition to increasing optimism on the part of buyers, record low interest rates continue to propel the market forward.  However, as these interest rates begin to rise we could see the market begin to slow down as a result.   

I am proud to say that Landmark Real Estate Group continues to lead the Topsail market, both in number of transactions and total dollar volume sold.  In 2012 Landmark has sold over 90 transactions on Topsail Island for a total of $26,306,375.   In addition to being the market leader on Topsail Island, Landmark has nearly doubled our sales volume since 2011.  I would like to extend a personal thank you to our loyal client base who continue to give us the opportunity to work with you, and for referring us to so many friends and neighbors this year.  

If you currently own a property on the island and have been considering selling, but wanted to wait until the market conditions had improved, I can tell you that now is a great time to put your property on the market and get a buyer.   

Please call me today (910-620-3370) if you would like to discuss selling your Topsail Island Home. I look forward to the continued opportunity to serve you.

Sincerely,

Nick Phillips