Fishing for a Month of Quarantine on Topsail Island

Chris Plaford spends a month of quarantine by drone fishing from North Topsail Beach of Topsail Island in North Carolina. You may be surprised to see what can be caught just a few hundred yards off the beach … in this case from his beach and the deck of his oceanfront home! Here’s a recent YouTube video of the fishing …

100 Ocean View Lane – Beach Vacation Rental Home

Chris is fishing from one of the many homes managed by Treasure Realty for beach vacations on Topsail Island. Click on this link to take a virtual tour online of this home at 100 Ocean View Lane. https://my.matterport.com/show/?m=aDvfCdVr3HQ&brand=0

Learn more about this vacation rental and other properties online by clicking this link: https://www.treasurerealty.com/vacation/all/detailpage/490/ocean-view-ln-100

Find Your Treasure with Treasure Realty

Posted in Fishing, Local Lifestyle | Leave a comment

The Treasure Realty Home Care Commitment

While making lasting memories and enjoying your beach vacation on Topsail Island, you deserve a peace of mind when it comes to the cleaning and care of the home you are renting.

Your safety is our highest priority. The Treasure Realty Home Care Commitment is a standard that includes: 

  • Disinfection and sanitization
  • Proper use of personal protective equipment
  • Recommended products, cleaning agents and equipment
  • Updated surface cleaning and inspection processes
  • Trash removal and maintenance

Treasure Realty is committed to the health and safety of our guests, our owners, and our communities. We take care of our homes, and we look forward to taking care of you.

When you are ready for the beach, we are ready for you. 

Trusted Local Experts
Posted in News and Events | Leave a comment

Spring’s Treasures on Topsail Island

Lejeune Gardens – Photo Onslow County Tourism

Spring has arrived on Topsail Island and on the mainland. Sunshine and spring showers alternate each day and, with warmer temperatures finally here, we are ready to get outside and tend to the garden. Flowering plants and native foliage also enjoy the spring weather. Yes, even in the sand and salt of the coast, there are many beautiful and hardy plants that not only survive but thrive in our area.

The Treasure of Spring Flowers – By Pat Fontana

Butchart Gardens – Photo by Topsail Adviser

When planning your garden and landscaping on the North Carolina coast, plan for flowers, bushes, and trees that do well in:

  • Salt and salt spray
  • Sand that is quick to drain
  • Wind, including hurricane force winds
  • High temperatures

Since sand drains quickly, standing water is usually not an issue for coastal plants. For those plants that need a little more moisture, consider incorporating two to four inches of organic mulches, such as pine straw or shredded bark mulches, which will help plant growth by reducing soil temperature and conserving moisture.

Some plants that like the coastal area as much as we do include:

Azaleas

Our neighbor to the south, Wilmington, is home to the Azalea Festival for a reason! Azaleas are not only beautiful but are also considered to be moderately salt tolerant, which makes them perfect for our area.

Azaleas – Photo by RCI Images

Wax Myrtle

An evergreen bush that is highly tolerant to sea salt, the wax myrtle is also tolerant of the high winds that we often have on the beach. It is an ideal plant for seaside areas, producing a bluish-white waxy fruit that is highly aromatic and that lasts through the winter months.

Wax Myrtle – Photo by Audubon

Sea Lavender

Well-adapted to coastal gardens, sea lavender is adorned with a circle of evergreen leaves and dainty, light-purple and magenta flowers that appear collectively as a haze of violet. A good source of nectar for many insects, the small flowers retain their color when dried and are often included as part of dried bouquets.

Sea Lavendar – Photo by San Diego Zoo

Yaupon

Decorated with inch-long, glossy leaves and brilliant red fruits, yaupon is among our most ornamental native shrubs and is often used to landscape a home as a border plant or a low hedge. Young leaves contain caffeine and are actually brewed into a tea by some coastal residents.

Yaupon – Photo by Grand Strand Magazine

Palms

Highly salt tolerant and wind tolerant palms that thrive in our area include the dwarf palmetto, saw palmetto, and cabbage palm. The dwarf palmetto is, in fact, the hardiest native palm along the east coast. Clusters of small, white flowers appear on the dwarf in the summer and are followed by blue to black fleshy fruits. We are the northern most point for the cabbage palm, which sports a crown of enormous fan-like leaves. The saw palmetto is a bit smaller but truly loves sandy coastal areas.

Palms in Wilmington – Photo by Star News Online

Of course, there are many other eye-pleasing and seaworthy plants that can make your island or mainland home attractive and aromatic throughout the year. Even though we are in a salty, sandy area, which is one reason we love it here so much, that shouldn’t keep you from also enjoying a nice garden or enhanced landscaping for your home!

We are full of treasures here! Enjoy your spring!

Find Your Treasure with Trusted Local Experts

Serving Topsail and Mainland Since 1990

www. TreasureRealty.com

Posted in Gardening, Local Lifestyle | Leave a comment

A Topsail and Mainland Real Estate Trusted Local Expert

A Trusted Local Expert of Topsail Island and Mainland Communities

As part of Treasure Realty’s 30th anniversary celebration, we continue to feature the professional real estate agents that are a treasured part of our organization. Bill Feige has been with Treasure Realty for almost five years and has a total of fifteen years of experience in real estate.

Bill Feige – A professional with an eye for investments, military families, and rescue dogs.

By Pat Fontana

Link to Bill’s Home Page Online:

https://treasurerealty.realgeeks.com/about-bill/

Bill Feige and his wife moved to the Topsail Island area from the Baltimore-Annapolis area twenty years ago. They were first attracted to the area as a vacation spot, then decided to build a home they planned to rent. After a year of renting it to other people, they decided to move here and use the home as their own.

In the years since, Bill has helped numerous military families find their own homes, worked with buyers who were looking for investment property, and has fostered or adopted a number of rescue dogs. He says they started with one dog his wife adopted shortly before they moved. After settling in to their new home, they volunteered for the local humane society.

Eventually the Feiges wanted a larger, fenced-in lot. Looking to their own future, they also decided it was time to build a single level home and so moved to Hampstead, “in the middle of the best of a couple of worlds.” In Hampstead, they are close to Wilmington, Surf City, and the beach that they still enjoy visiting.

Bill also enjoys working with buyers going through the same experience of looking for an investment property in the Topsail area. His strong financial background and master’s in business administration (MBA) emphasizes his “ability to work with investors … helping them find properties that work best for them and meet their particular investment goals.”

With a strength and a focus on working with buyers, Bill has had the opportunity to help many military families as well. He says he is “familiar with what their needs are and the areas where they want to live.” Sneads Ferry, Hampstead, Scotts Hill, and Topsail Island properties are all well-suited and in close proximity to the base.

“If someone wants to move to the area but not to the beach,” Bill says, he enjoys sharing his “knowledge of the off-island area and its benefits just as well because many of these benefits are connected to those of Topsail Island.” He adds, “the whole area from Sneads Ferry to Hampstead has a great many things to offer and my job is to help people find a home that provides the best fit for their wants, desires, and needs. Accomplishing that makes the process personally rewarding and is why I do it.”

Bill Feige came to Treasure Realty in August 2015 for a variety of reasons. He knew it was a stable company that had been around for a long time and was (and continues to be) a leader in the area. Primarily, he says, he was “happy with the quality of the character of the ownership of the company,” who had “a world of real estate knowledge and information.”

As Bill relates his story, he came to Topsail Island from a buyer’s perspective, fell in love with the area – the island, the atmosphere, the people – the whole experience. He says he can relate that experience to his buyers as a treasure of a real estate agent.  “I can relate to them. I’ve ‘walked a mile in their shoes’ because I’ve ‘been there’ and I know the feelings it can generate from the search to the eventual achievement.

Posted in News and Events | Tagged | Leave a comment

Long Term Rentals on Topsail Island or Mainland with Treasure Realty

Home Rentals for the Long Term

By Pat Fontana

When you think of renting in the Topsail area, you probably think of vacation rentals. And hopefully if you do, you think of Treasure Realty! While those are definitely amazing and worthwhile, there are also a lot of opportunities on Topsail Island and on the mainland for long term home rentals.

The demand for long term rentals is actually expected to increase as communities are anticipating significant growth in the coming years and as the military plans an influx of Marines moving to the Sneads Ferry, Holly Ridge, Surf City, Hampstead, Topsail Beach, and North Topsail Beach areas. Homes available for long term rentals include single family houses, townhomes, and condos.

If you are looking for a long term rental …

You may be ready to move to the area but want to rent for a year or longer while you make your buying decision. You can explore the sights, including our gorgeous Intercoastal Water Way and Atlantic Ocean beaches as well as the nearby attractions such as the USS North Carolina and Fort Fisher. You can rent year-round or choose to rent during the winter months.

Mainland long-term rentals are convenient to Camp Lejeune, MARSOC, Wilmington, Carolina Beach, and many other points of interest in Pender, Onslow, and New Hanover counties. Enjoy the fresh catch of the day, every day, as a long term renter in the fishing village of Sneads Ferry.

Long-term rentals give you access to the beaches and the many amenities you’ll find in Surf City, Topsail Beach, and North Topsail Beach. When you rent year-round, you’ll probably also encounter some of our most treasured residents ready to hatch as you discover turtle nests along the beach.

And during the winter months, the Topsail area enjoys a temperate climate. There are plenty of pleasant days and opportunities to enjoy a walk on the beach. It’s a great time to be on the island or the mainland!

If you are considering renting your home for the long term …

Our quality management services give you the peace of mind you need when you decide to rent your home for the long term. Renters are screened and all the paperwork is done for you. Move-in and move-out inspections help reassure you that your home is well cared for during the long term rental.

Not to worry if your home needs a little maintenance while it is being rented. Your home’s maintenance is in the hands of a dedicated maintenance coordinator whose job it is to ensure the upkeep of your home, manage all maintenance, and know the ins-and-outs of your home better than anyone. We also have our own in-house expert maintenance staff.

Contact us for more information about long term Topsail and mainland rentals

Treasure Realty is the largest management rental company on the island. We’re here to help you, whether you need a place to rent or you are ready to offer your home to a long term renter. Contact us to learn more!

Visit our new landing page for Treasure Realty Long Term Rentals at www.LongTermTopsail.com

Be sure to like and follow Long Term Topsail on Facebook at www.facebook.com/LongTermTopsail

For more information, contact Dara Cook, Long Term Rental Manager. Phone 910-328-4444 x 21200 or email Dara@TreasureRealty.com

Office located at 1950 NC Hwy 172 in Sneads Ferry, NC 28460

Find Your Treasure with Trusted Local Experts

Posted in Rentals and Real Estate | Leave a comment

Treasure Realty on Topsail Island is Here for You

Our thoughts and prayers go out to any of you who are dealing directly with the virus personally or have a loved one or close friend affected by this disease.

At the same time, you might be going a bit stir crazy being stuck at home under a stay at home order or having your travels restricted or limited while maintaining social distancing.

Just remember we’re all in this together. This disease is impacting every person, business, and industry. But together we’ll get through this. Also, we’re still here for you. That means you can reach out to talk with one of our trusted local experts for anything at anytime.

Maybe you’re in the mood to consider a home or vacation in the future. Maybe you’re in a situation where you need to buy or sell a home right now. Maybe you want to find something you rent for a while before you buy. Or maybe you own a home and want to know your options for having it professionally managed and rented as an investment or for additional income. Or maybe you’re serving in the military and looking for something close to the bases that are located close to the island. Or maybe you just want to talk with someone who can help you learn more about current property values and the markets.

Whatever it is, we’re here for you.

And why us? Why Treasure Realty?

People choose to work with Treasure Realty because our team is comprised of trusted local experts serving Topsail Island and its mainland communities for over 30 years now. Treasure Realty is also the number one ranked sales and vacations rental company in our area according to the Topsail Association of Realtors.

Achieving that level of success and reputation doesn’t just happen. It requires a lot of work, resources, investments, determination and a relentless desire to serve. It comes from a love of living and working in the Greater Topsail Island area. It comes about from a commitment to be the best and do what it takes to position us and our clients at the top with a team of professionals from agents to marketing and property management, all working together for you.

Perhaps when this pandemic is all over, you just want to escape and relax on the beach. You won’t find a better place than Topsail Island where you can avoid the large crowds and enjoy a piece of the beach all to yourself. And with over 400 properties and 7000 booked vacations on average per year, Treasure Realty knows how to fit you into the vacation package that’s just right for you.

So for those of you we’ve never had the pleasure of working with yet, we look forward to having that opportunity. And for those of you we have, we thank you and look forward to serving again.

In the meantime, be sure to visit and learn more about us online by going to TreasureRealty.com, or find and follow us on Facebook, Twitter, Instagram, LinkedIn, or visit our YouTube channel where you’ll be able to watch all types of real estate and lifestyle videos.

Remember, we’re in this together, and we’re here for you.

From all of us here at Treasure Realty, thank you, God bless, and be safe. 

Find Your Treasure with Trusted Local Experts
Posted in News and Events | Leave a comment

Treasured Times on Topsail Island Photo Contest!

Send us your favorite photo from a Topsail Island beach vacation for a chance to win $200 off your next vacation rental from Treasure Realty!

Send us your favorite Topsail Island beach vacation photo for a chance to win $200 off your next vacation rental from Treasure Realty! On May 15, 2020 Treasure Realty will select 30 photos and post them on Facebook. After one week, the photo with the most likes wins!

To enter, vist Treasure Realty on Facebook and look for the Treasured Times on
Topsail Island Photo Contest, or click on this link:

https://www.facebook.com/treasurerealty/app/190076381016644/

You may only enter once and upload only one photo. Good luck! Thank you for entering the Treasured Times on Topsail Island photo contest!

By entering, the information you provide will only be used for the purposes of this contest. By participating, you are authorizing and giving Treasure Realty the rights to use your photo in marketing.

Find Your Treasure with Trusted Local Experts

Serving Topsail Island and Mainland Communities Since 1990

Posted in Local Lifestyle | Leave a comment

Topsail Island Updates by Treasure Realty

Important Request: Your call is important to us, but to help us to assist you in a timely manner, you may send COVID-19 related emails to Questions@TreasureRealty.com

We understand that you may have concerns about your vacation plans on Topsail Island, and we are extremely sorry for any inconvenience to you and your beach vacation caused by the COVID-19 virus. 

July 14, 2020 – Important Notice About Community Pools

All “community pools” are managed by HOAs.  In normal times, all the pools would be open and operating at full capacity.  These are not normal times. 

The “phase” of reopening is a fluid issue and has an effect on whether pools are open at all as well as whether they are open but on a REDUCED occupancy mandate. Please modify your expectation accordingly.  Please do not rely completely on any information you get from any source.  All information is, at best, a snapshot of today’s circumstance.  

Many bars, restaurants, and attractions are operating at reduced capacity, hours, and staff. Be advised.

We hope your stay with us on majestic Topsail Island will be as magnificent and satisfying as you had ever hoped in your best dreams and imaginations.    

The Treasure Home Care Cleaning Commitment

The safety of our guests is our highest priority. Read more about the Treasure Realty Home Care Commitment cleaning standards using the link below:

https://www.treasurerealty.com/topsailnews/2020/05/the-treasure-realty-home-care-commitment/

May 6, 2020 / 4:00 PM EST

Short term rentals, beaches, accesses, and public parking on Topsail Island are opening with restrictions. The following links will take you the official statements published by each of the towns on Topsail Island.

Topsail Beach http://www.topsailbeach.org/Portals/0/COVID-19/Letter%20from%20Mayor%20Smith%20%205-6-2020.pdf

Surf City http://www.surfcitync.gov/DocumentCenter/View/2236/COVID-19-Restriction-Changes–5-5-20?bidId=

North Topsail Beach https://www.ntbnc.org/coronavirus

April 24, 2020 / 12:00 PM EST

N.C. Statewide Stay at Home Order

Governor Roy Cooper has extended the statewide Stay at Home Order, until May 8, 2020. 

As of this morning, North Topsail Beach has extended the ban on vacation rentals until Friday, May 8. The board of aldermen stated that they believe that it is not legal to open the beach to vacationers as long as Governor Roy Cooper keeps the Stay at Home order in place for NC to May 8. 

April 17, 2020 / 4:30 PM EST

The Towns of Topsail Island are maintaining similar responses to Covid 19. Here are the latest updates:

Surf City is opening selective beach accesses and a boat ramp. All public parking remains closed. The restriction on vacation rentals has been extended until May 15, 2020.

Topsail Beach is maintaining their restrictions currently in place and extended the moratorium on vacation rentals until May 14, 2020.

North Topsail Beach has extended the ban of vacation rentals until April 30, 2020. It is not known whether or not they will follow suit and extend the ban until further into May.

Please know that the Township officials are genuinely sympathetic as they fully understand the importance of reopening our area to vacations as soon as possible.

Thank you for your prayers, patience, support and understanding.

April 2, 2020 / 12:00 PM EST

Mayor Steve Smith ammended the Town’s current State of Emergency to suspend short-term rentals until April 30th in response to the State’s Executive Order 121 that contains the “Stay at Home Proclaimation Order”.

Here is the full message from the Town of Topsail Beach website:

http://www.topsailbeach.org/Portals/0/COVID-19/Mayors%20Message%204-2-20.pdf

March 27, 2020 / 2:00 PM EST

Governor Cooper announces Statewide Stay at Home Order until April 29 with essential businesses remaining open and social distancing mandated.

Here is the full message of the Stay at Home Order:

https://governor.nc.gov/news/governor-cooper-announces-statewide-stay-home-order-until-april-29

March 24, 2020 / 10:30 AM EST

The three municipalities of Topsail Island have put vacation rental restrictions in place to help mitigate the spread of the Covid 19 virus. Here are the links to each Town’s website and Facebook page where you can stay up to date and read their public press release statements:

Surf City website http://www.surfcitync.gov/ and Facebook https://www.facebook.com/surfcityncgov

Topsail Beach website http://www.topsailbeach.org and Facebook https://www.facebook.com/Town-of-Topsail-Beach-North-Carolina-138345019542554/

North Topsail Beach website https://www.ntbnc.org and Facebook https://www.facebook.com/ntbnc/

Here is a summary of each Town’s current mandates now in effect:

Surf City: http://www.surfcitync.gov/CivicAlerts.aspx?AID=188

Topsail Beach: http://www.topsailbeach.org/About-Topsail-Beach/News/articleType/ArticleView/articleId/1400/Updated-State-of-Emergency-3-23-20

North Topsail Beach: https://www.ntbnc.org/post/vacation-rental-restrictions-for-north-topsail-beach

IMPORTANT NOTICE FOR VACATION RENTALS:

As of today, the three municipalities representing Topsail Island have come to a consensus response to the Covid 19 virus and have individually issued orders associated with the state of emergency which effectively shut down the vacation rentals for the immediate future. We have included links to the specific orders below. Guest affected by these mandates will receive full refunds.

March 23, 2020 / 11:30 AM EST

As you can imagine, we are experiencing a significant increase in phone calls from our guests and homeowners. We have put some new procedures in place to help better manage this extraordinary and unprecedented time. 

IMPORTANT NOTICE FOR OUR GUESTS

For guests arriving in the next two weeks:

For those with concerns and arrival dates in the next two weeks, please call us at 800-762-3961. We will also be reaching out to those who have booked a stay at a property that may be directly affected by restrictions to the beach, roads, or other essential amenities. 

For guests arriving later than the next the two weeks:

If you are arriving after the next two weeks, please do not call us at this time. Because of the rapidly changing nature of this crisis, we do not have many answers about more distant reservations. With limited the current high call volume, we are prioritizing those arriving in the next two weeks.

Please feel free to send your questions to Questions@TreasureRealty.com, and we will promptly respond as quickly as possible. 

We are in constant communication with other rental companies, industry professionals, towns, and municipal authorities.

Here is a the latest joint statement made by the three communities that make up Topsail Island in regards to vacation rentals:

https://www.ntbnc.org/post/topsail-island-vacation-rentals

We will continue to provide updates and information on this page. 

Health and Safety are the Highest Priorities

Be assured that Treasure Realty is taking proactive measures to ensure our guests and clients, as well as our staff and vendors, have a safe and clean environment. Like many across the country, some of our employees are working remotely. We have upgraded our already professional cleaning standards with an eye toward this national crisis. 

Thank You for Patience and Understanding

There are numerous concerns as the Covid 19 virus continues to disrupt our lives. Please know that we take your concerns seriously. We appreciate your patience and for choosing Treasure Realty. We will weather this storm together. 

We all look forward to when this crisis is a distant memory. In the meantime, Topsail Island remains calm, peaceful, beautiful, quiet, free from crowds, an easy escape as a drive-to destination.

Call us at 800-762-3961 or send questions to Questions@TreasureRealty.com

Sincerely,

All of us at Treasure Realty

Trusted Local Experts

Contact our team of trusted local experts if you want to know about the markets, how the Covid 19 virus and recent changes in rates are affecting property values, or to schedule a personal virtual tour of a home. Our agents are ready to assist.

Posted in News and Events | Tagged , , | Leave a comment

5 reasons to sell your home this spring …

Baby Boomers at home

By: Chrystal Caruthers

Spring is a wonderful season. The snow melts, flowers bloom and new listings hit the housing market. Yes, spring is the make or break season for real estate industry professionals. But it’s also good for homeowners. Those who list in the spring make more money on their home sale. Given that there are more buyers out there searching for homes than inventory available to satisfy demand, prices are up. Way up. That means sellers are walking away with a hefty profit positioning them for the next purchase. Low mortgage interest rates mean that move up home may be within reach. All things considered, now is the perfect time to list. Still need convincing, read our list of reasons then call your agent immediately.

April sales spike

Flowers aren’t the only things that bloom in the spring; home sell faster and for more money in April and May respectively, according to new research from Zillow. Real estate agents have always taken great pains to prepare for the “Spring Market.” It’s a time when more listings hit the market and open houses dot every other block on weekends. It’s the prime time of real estate sales. What’s new is the data to back up the hype. Nationwide, homes listed in early May sold for about 1 percent more than expected or about $2,100 higher than the national average, according to Zillow. May listings also sell 6 days faster than average.

However, the Zillow report shows homes listed in April sell a full week faster than any other time of year. Why the flurry of spring home shopping? Homebuyers tend to follow the school calendar. They want to get a house under contract in spring in hopes of moving during the summer when kids are out of school. So, spring is coming. Check with your local real estate agent to determine which month this spring is the best time to list. For instance, in San Jose, late April is the best time to list. Those homes sold at a 2.1 percent premium which in that market, the most expensive in the country, account for about $24,400. In the Twin Cities, it’s best to list in early May where a 2 percent premium earns those sellers an extra $9,500. Another nugget from Zillow: Make sure your house hits the MLS on a Saturday. It’s day when new listings get the highest page views on the home search site.

Equity rich

American homeowners are sitting on an ample amount of equity. Getty Images.

For most homeowners, their home represents their largest asset. It’s also a source of wealth for many. Home equity has been on the rise since the Great Recession. As home prices increase year-over-year, homeowners benefit. With every increase in home value, homeowners gain equity first because each mortgage payment lowers the amount they owe, and secondly because the value rises causing appreciation, or equity: the difference between what’s owed and what it’s worth. Homeowners have seen their equity increase by nearly $457 billion , or more than 5 percent year over year, according to CoreLogic Homeowner Equity Q3 2019 report. That means homeowners are sitting on a pile of cash.

The National Association of Realtors crunched the numbers in 2018 and found that homeowners who purchased in 2013, the bottom of the housing market crisis, would have typically gained $79,488 in equity, or wealth. Most of that due to home price appreciation, not paying down the mortgage principal. So, it begs the question, what should homeowners do with all that equity? Sell! Take the money and buy another property, invest in a new business, send your kids to college or travel the globe. It’s your money, do whatever you want with it.

Pent up demand

Buyers are out there and they want your house. There are simply not enough houses for sale to satisfy demand, but we’ll get to that later. We know that buyers are seeking homes to purchase because foot traffic is up. In January, buyer showings increased 6.2 percent from the prior month and was unchanged from January of 2019, according to NAR. Still not convinced? Let’s look at the rate of mortgage applications; also up 1.5 percent for the week ending February 21st, according to the Mortgage Bankers Association. Buyers are getting pre-approved at a rapid clip. They’re preparing themselves to buy, but they need more houses to choose from.

With a low unemployment rate and rising incomes, the majority of people surveyed, 63 percent, say now is a good time to buy a home, according to NAR.

Low Inventory

There’s a shortage of homes available to purchase in real estate speak, we’re in a low inventory market. There are fewer active listings for buyer to choose from. Total inventory at the end of January was 1.42 million properties for sale, up slightly from the December slow season, but down overall. In fact, inventory levels are down more than 10 percent from January 2019 making it the lowest level since 1999. With such low inventory levels, and so many buyers anxious to own or move up, houses are selling faster, 43 days on average nationally from list date to sold date.

In a healthy market, there should be six months worth of active listings for sale to achieve moderate price appreciate. We’re in a three-month supply environment and that means prices are rising faster because demand is outpacing supply. The median existing home price in January was $266,300, up nearly 7 percent from last January’s $249,400. That marks 95 months in a row of year-over-year price increases, according to NAR. “Mortgage rates have helped with affordability, but it is supply conditions that are driving price growth,” said Lawrence Yun, chief economist at NAR.

Housing Inventory historical chart
Inventory is falling which causes prices to rise, according to the National Association of Realtors.

Low mortgage rates

You’re a homeowner, why should you care that mortgage rates are at the lowest level in three years? Because money is cheap and now is a good time to buy, not just for first time home buyers, but everyone. With rising prices, ample equity and low mortgage rates, homeowners are sitting on the perfect trifecta of economic indicators signaling now is the time to sell and move. Mortgage interest rates averaged 3.45 percent for a 30-year fixed-rate mortgage for the week ending February 27th, according to the Freddie Mac Primary Mortgage Market Survey. Those opting for a shorter 15-year mortgage could score a 2.95 percent rate. Low interest rates help to offset rising home prices. It helps to make those monthly payments more affordable. By selling, then buying, you can take advantage of today’s demand, at the best rates.

Since the Great Recession, home tenure has ticked up. People have hunkered down and made do with their current situation. Even though that home was supposed to be a starter home, it has become their “forever home” by default. The average homeowner lived in their house for a little over eight years before selling, according to a report from ATTOM Data Solutions. That’s up from 7.95 years in the fourth quarter of 2018 and the longest tenure since the first quarter of 2000 when ATTOM started measuring tenure, according to the report. But times are changing. While many want to “age in place” there are those who also know now is the time to get to a better school district or upgrade to a newer home. And the truth is, there has never been a better time than this spring.

Brought to you by Treasure Realty, the Trusted Local Experts

www.TreasureRealty.com

Posted in Rentals and Real Estate | Leave a comment

A Native Topsail Island Treasure

Coastal Treasures from the Topsail Island Treasure Coast is brought to you by Treasure Realty, the trusted local experts for real estate, vacation rentals, and long-term rentals. Today’s blog features our very own Ana Scott.

A native of Sneads Ferry, Ana has been with Treasure Realty since 2007. During her time with the real estate firm, she has been involved in vacation rentals, long-term rentals, sales, and a popular television show!

A Native and a Treasure: Ana Scott

Written by Pat Fontana

Ana Scott Broker / Realtor with Treasure Realty

Growing up here, Ana came to love the beauty of the ocean as well as the culturally rich history of Sneads Ferry and the surrounding areas in Onslow and Pender counties. She says she also loves “how it brings so many people to it,” and especially that “all of them find a peace and have an awe of the coast.”

Celebrating her birthday in February, Ana is also excited about Treasure Realty’s celebration of its 30-year anniversary. She says she “always thought that Treasure Realty was a well-oiled machine” and the fact that it is faith-based was a large appeal to her. She is proud to align herself “with a company that’s not the least bit afraid to say they are serving God.”

Ana began her career, after graduating from the Carolina School of Broadcasting, with the NBC News Channel in Charlotte. She soon returned “home” to Sneads Ferry and launched her real estate career with Treasure Realty. She says she will stay in real estate “forever,” adding that it “makes me feel good that someone trusts me enough to help make such an important decision.”

Trust is a huge factor in real estate for Ana and for the rest of the Treasure Realty team. She feels the firm has built a reputation of trust in the community, in large part due to its focus on faith. Ana says they’ve also provided a “good foundation for the next generation of Treasure Realty, people who can help see the next 30 years through.”

HGTV recently reached out to Ana with a desire to feature her and some of her buyers on its show, “Island Life.” She has appeared on the show twice and has been asked to do another episode. She says she does not feel like a tv star, but that she does enjoy “making others feel better about themselves.”

Ana says she has been told she can talk to anyone, but she also listens well to those who need to be heard. She also has been told that she is “able to help others work through their problems by providing honest and thoughtful solutions.”

In her spare time, she enjoys spin class, yoga, paddle boarding, and, especially “being a mom, helping my mom, being a wife to and traveling with my husband.” To her, sit down family dinner time with her husband and daughter is a time to “reconnect and stay in tune with each other’s lives.”

As she celebrates a milestone birthday and the 30th anniversary of Treasure Realty, Ana says she is looking forward to her next decade, as a “part of my life where I’m more secure than I’ve ever been in my work and in my life.” As she cherishes the respect she has gained from “providing my guidance and assistance in helping others make such a huge decision on finding a primary home, a second home, or an investment property,” she is eager to reap the benefits of everything she’s learned so far.

Find Your Treasure With

Treasure Realty Sales and Vacation Rentals

Trusted Local Experts Serving Topsail and Mainland Communities Since 1990

www.TreasureRealty.com

Posted in News and Events | Leave a comment