Coastal Luxury Real Estate Update

Christian Kohler
1 hour ago
2 min read

🏘MARKET UPDATE🏘

What's been going on in real estate recently? Are there still bidding wars? Is it a buyers market?

These are a few of the many questions I have received since this spring, so lets talk about what is actually happening?

Brunswick County saw the MOST closed residential sales in July for the 2025 year. The average median sale price rose from $371,750 the previous year to $388,495 in July 2025.

Freddie Mac announces a steady 4 week drop in interest rates, putting a 30 year fixed mortgage rate from 6.63% in the previous week to 6.58% last week.

So we are seeing buyers at a slight decline in interest rates, this will lower your mortgage. However with the slight increase in pricing this will make your monthly estimated mortgage payment rise. If you have been waiting in hopes pricing is going to drastically drop, we are not seeing that in this market. With an increase in inventory we are seeing more options for you to choose from, allowing you to be picky and find just the right home.

Sellers are seeing more days on market holding at the 90 day mark and less showings. However homes are still selling at or close to list pricing in most cases. This means your home is holding its value and even with less showings you are still able to get top dollar for your property. You will now have to make sure your best foot is forward in order to beat out your competition with the inventory increases.