Hello and welcome. This is Nolan with Nolan’s News and DiscoverNChomes. Today I want to talk about the new million dollar market in St. James.

Actually we’re sitting here at 4475 Wild Ride Dr. Absolutely beautiful, high-end custom home, it has a nice farmhouse flare with the finishes and the décor. It is amazing in St. James!

Two years or maybe a year and a half ago, the only million dollar homes you would see had the intercoastal behind them. As of today, 4/19/2022, there are 13 total homes on the market. Out of that 13 homes, there are 6 that are listed $1 million plus. So that’s roughly half of our current active inventory in St. James is a million dollars or more. We have never experienced, at least with homes, this type of market before! It’s kind of crazy!

Out of the pending homes, there’s a number of pending homes in St. James, 10 of them – pending meaning under contract – are a million dollars or more! So this is something that’s happened over the last, I’d say 6, 8, 9 months. And again, we’ve kind of reached this new height in St. James.
What does that mean to you if you’re selling?. NOW is the time to do it. I’ll give a market update another video, but now is the time to sell. I think we’ll be in this good market, probably through the summer – fall and we’ll take a little dip.

I think if you want to absolutely maximize your resale value, look at today’s market. If you have any questions, if you want a market update, please give me a call. You guys know how to reach me and as always, thank you for having me, talk to you soon.

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About Nolan Formalarie

Nolan Formalarie has been in the North Carolina Real Estate Industry for over 8 years and enjoys every minute of it. He is involved in every aspect of the industry including selling and purchasing residential property, home watch services, property management, association management and construction.