Often overshadowed by home sales activity, lot sales in St James Plantation in coastal NC are the real show stoppers. In the past year, 244 lots sold averaging $118,069; buyers paid an average of 94% of the list price.
Here’s the big take away, in a head-to-head comparison from January 1-June 23, 2020 vs. January 1 -June 23, 2021, the lot sales activity and pricing has soared. Last year’s activity reported an average sold price of $86,434 compared to this year’s $125,414.
Today there are 30 homesites under contract, leaving only 53 lots available to purchase.
Hint: When evaluating list prices, factor in that buyers are paying an average of 95% of the list price. This trend is up 4% from last year.