Now that the weather is warming up, we want to share how hot the real estate market has been in Beacon’s Reach, located in beautiful Pine Knoll Shores. In the first five months of 2021 in Beacon’s Reach, our team has closed TEN properties, has ONE under contract, ONE active listing, and the prices are still rising! Below, we’re excited to share some insights on how much home values are increasing in this neighborhood, which is indicative of the strength of our overall real estate market!
AVERAGE SALES PRICE IN BEACON’S REACH
We analyzed the numbers and found that as of May 2021, Beacon’s Reach property is worth, on average, $440,000 more than it was ten years ago. Properties in this neighborhood are in high demand with many listings entering multiple offer situations, which is driving up the sales prices. Take a look at how much average sales prices have increased in Beacon’s Reach below:
This newly updated 2-bedroom condo in The Breakers, unit B-23, was only on the market 2 days before the sellers accepted an offer they couldn’t refuse at $603,000 ($28,100 OVER the list price), turning away additional shoppers who are still searching for their coastal property. The majority of condos listed in Beacon’s Reach since January 1st are spending less than 5 days on market — in fact, in March, The Breakers, Unit C5 sold in 3 days and $60,000 OVER list price!
Over the last year, sales prices of two bedroom condos within The Breakers have risen by over $200,000! Seven units have closed since last summer — see below for a breakdown of the sales:
Curious what your Crystal Coast property is worth today?