Annual Market Report
2015 vs. 2014
Provided by: Amy M. Hahn, Pine Knoll Shores Realty
When Comparing closed residential listings for Brandywine Bay, 2014 (34 units – 4 Sound side & 18 Golf Side) vs. 2015 (39 units – 8 Sound side & 31 Golf Side), number of sales are up 14.7%. There were 74 new listings added to the inventory for 2015 compared to 2014 with 70 new listings. .
The median sales price in 2015 was $222,500 (up 4% from $214,000 in 2014). The median List Price in 2015 was $253,000 (up 5.7% from $239,250 in 2014).
There are currently 17 Single Family Residential properties (3 Sound Side and 14 Golf Side) on the market with two of those properties under contract, and 9 condos / Townhouses (4 Sound side and 5 Golf Side) with one of those properties currently under contract.
The average days on the market in 2014 was 199 days vs. 2015 at 262 average days on the market.
When Comparing closed land listings for Brandywine Bay, 2014 (1 unit) vs. 2015 (1 unit), number of sales are exactly the same. There were 8 new listings added to the inventory for 2015 compared to 2014 with only 2 new listings. .
The sales price for the lot sold in 2015 was $430,000 (Sound Side). The one lot sold in 2014 was Golf Side and sold for $70,000.
There are currently 6 lots available on the market in Brandywine: 1 Sound Side and 5 Golf Side.
Information was found on CCMLS on 1/6/2016 and is deemed to be reliable, but is not guaranteed.