Welcome to our first edition of the Brunswick Real Estate News!
Brunswick is a community we love and are wholeheartedly committed to. We are excited to present you with our first edition of the Brunswick Real Estate News. We've published a ton of great information about Brunswick, homeownership, finance, and more.
On the cover, we discuss 5 traits of great real estate agents. You can also read about whether or not it is a good idea to invest with friends or family after retirement. Look to page 2 to find out about some great brunch spots in the Brunswick area. In addition, you'll also find some great travel and decorating articles, as well as a delicious recipe from Wolfgang Puck.
We hope you enjoy reading our paper as much as we've enjoyed publishing it. Let us know your thoughts, and don't forget to check out our listings on the back page! Grab a cup of coffee and have at it. Thanks, Brunswick!
We’ve got a comprehensive market update to share with you today. We’ll look at every detail of the Brunswick market, as well as how the market changes as you go up in price.
Right now, the Brunswick market is in a seller’s market overall. The number of properties that have come on the market has increased from 66 to 90 in just one month. Pending properties have stayed pretty flat, and our inventory is at about 1.3 months. If no new listings came on the market, our inventory would be depleted in just over a month. The average days on market is shrinking too. We’ve dropped from 57 days to only 48.
What does this mean if you’re thinking about buying and selling? For sellers, you need to make sure your home is priced at market value and presented well. Making the small improvements will lead to you getting a maximum price.
We’re seeing a bit of a different market for condos. We’re still in a seller’s market with 1.7 months of inventory, but our pending inventory is at 2.1 months. This may be indicative of a bit of a slowdown.
As you already know, real estate is hyperlocal and each segment of the market can have its own trends. Here’s a quick look at all of the price points we’ve been tracking and what kind of numbers each of them is seeing:
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We looked at every market detail.
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For homes priced under $150,000 we are in dire need of inventory. We have less than one month available. Based on the current pending properties, we have an average of fewer than 14 days on market.
Homes in the $150,000 to $200,000 range have seen a big increase in inventory, going from 10 properties for sale to 21. There has been some strong buyer activity in this market, with just 0.8 months of pending inventory. These properties are sitting on the market a bit longer than they have been, but they are still selling for good prices.
For homes in the $200,000 to $250,000 range, we’re still seeing strong sale numbers. Homes in the $250,000 to $300,000 range aren’t seeing as much of an increase. In fact, we might see this price point slowly shift into a neutral market.
For the luxury market above $300,000, this is a buyer’s market with a lot of inventory. Around nine months to be exact. However, we saw a ton of homes go under contract last month and our pending inventory was at just 1.8 months. This is a great price point for sellers that are still out there. Even though inventory is high, the best homes are still moving quickly.
If you have any questions for us about the Brunswick market or if you’re looking to buy or sell a home, give us a call or send us an email. We would love to hear from you soon.
Joining the BOLD team can bring you a new level of professional success. Here’s how our system works to allow our team members to reach their highest goals.
If you’re considering a career change, the BOLD team might be the perfect fit for you.
Chris Moscarino, one of our agents, was once in the same position. When he was switching careers, he looked into many different industries. After meeting with us, though, he decided that real estate fit him the best and offered the most opportunity. Another factor in his decision was that because we are a real estate team, we already had a network of support that he could leverage to start his career.
Overall, our vision was in line with his. We have structure, a training plan for new employees, and a growth model that other brokerages he interviewed with didn’t have, and he didn’t feel like he could achieve his ultimate success without these things. If some of these principles sound familiar, it’s because they’re the same ones outlined in the book “The Millionaire Real Estate Agent.”
In the five months Chris has been with us, he managed to follow the 100-day plan we formulated for him very tightly to hit all of his benchmarks and goals. Having this plan in place accelerated his path to becoming a successful agent. His initial training and mentorship were closely monitored, and in the 60 days since he’s been on his own, he’s been experiencing a pace and level of success that’s rare for first-year agents.
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Who you become is up to you.
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Like everyone in our office, Chris is held accountable to his own goals and the activities that will achieve those goals. There are expectations of things he must do every month along with these goals. These expectations are put in place as a guideline to what he must achieve to be successful. Many agents experience a roller coaster ride of business when they start out because once they get a few sales under contract, they’re too busy to continue their lead generation. The standards we have in place allow for a consistent line of business.
Moving forward, Chris feels like there are endless opportunities for him and the sky’s the limit as far as how much he can grow as an agent. We have an organizational chart to help our employees create opportunities, but as Chris knows, our philosophy is that it’s up to you to achieve those opportunities. Part of his responsibility in that regard is sitting down once a week to make sure he’s hitting the benchmarks we’ve outlined to help him achieve those opportunities.
If this type of experience sounds like something you’d be interested in or you already work in the real estate field and think we might be a better fit for you, don’t hesitate to reach out to us. We’d be happy to sit down with you and discuss how we can take you to the next level.
