A year in luxury real estate like no other.
2020 was a record-breaking year for real estate around the country, and luxury real estate was no
exception. Our region, and quite frankly all of North Carolina and the rest of the country, has never
experienced anything quite like last year for luxury real estate sales. It surpassed even the boom years
of 2005 and 2006 in many respects.
There isn’t one single factor that we can attribute to this, but we can point to COVID-19 as the catalyst.
Once that match was lit, a combination of conditions including supply, the way in which people changed
how they work, the availability of money, low interest rates, and the amazing draw of our region all played
equally important roles in our client’s successes. It was a privilege for Intracoastal Realty and our real estate
professionals to meet our community’s needs during the uncertainty of 2020.
With Q1 of 2021 now behind us and a historic seller’s market squeezing home inventory, we look forward
to continuing to serve your real estate needs. As always, with the same exceptional real estate professionals
and service we have delivered on for the past 45 years.
T R E Y WA L L A C E President, Intracoastal Realty
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