TPENDER COUNTY By Fritts Causby
HE numbers point to the strength of the market in Pender County, where
the 2020 sales volume increased by more than 44 percent over 2019. Units
sold grew by more than 25 percent, and the average sales price increased by
nearly 15 percent, to $308,880.
The number of active listings in the county shrunk by nearly 38 percent,
while the number of pending sales witnessed an uptick of almost 108 percent.
“While we thought 2020 was going to be a normal, busy year, it certainly wasn’t
normal or busy for several weeks, then it was like a dam burst and it turned out to be
one of the more robust years on record,” says Frank Sherron of Landmark Sotheby’s
International Realty.
Multiple-offer situations and homes closing well over asking price were the norm.
“We were working 12 to 14 hours a day, seven days a week, for most of last year,”
notes Savannah Holman of Coldwell Banker Sea Coast Advantage, who mainly serves
military buyers and sellers in Pender County. “With the low interest rates, people are
buying second homes and investment properties. Also, many are realizing that it can
often be cheaper to purchase than it is to rent.”
The lower price points saw the most activity, but the luxury segment also surged higher.
Right: 501 S.
Anderson Blvd.,
an oceanfront
property featur-ing
custom
woodwork, sold
for just under
$2 million.
Below: Sited
on 1.5 acres on
Banks Channel,
464 N. Anderson
Blvd. in Topsail
Beach was the
top sale for
Pender County
at $2.3 million.
Brent Naylor
Financial Advisor
Here to help you meet your unique
financial needs, build or preserve
wealth, save for retirement, or
leave a legacy. Personalized
options and professional services
to help achieve your goals.
1908 Eastwood Road Suite 325
Wilmington, NC 28403
brent.naylor@edwardjones.com
910-256-3220
Member SIPC
LANDMARK SOTHEBY’S INTERNATIONAL REALTY
LANDMARK SOTHEBY’S INTERNATIONAL REALTY
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WBM february 2021