Tracking homes sales in St James Plantation in Southport, NC has been a real eye opener for some.
Taking an informal survey of license plates currently driving within the gates of St James, we are seeing folks from New Jersey, New York, Maryland, Virginia. Connecticut and Pennsylvania. It seems that their “home” markets are also reflecting a high demand for homes outside the city.
Welcome to St James Plantation. Low Taxes. Great Weather. Free Beaches. Golf + Tennis + Friends You Haven’t Met Yet
From July 1 to August 26 of this year, there have been 65 homes placed under contract. With an additional 52 homes sold during the same time frame. As of today, August 26, 2020, the inventory of homes for sale  continues to diminish; dropping lower than any time in recent memory.
The dwindling inventory combined with creeping price increases are projected to continue for the near future. As proof of this competitive market, homes sold in July + August, 2020 have been on the market for less time [averaging 20 days] than the same time period in 2019.