She added as an example, "We are working with a pending transaction pool that is the highest ever for this month," meaning home sales that are in the works.
"While there is no guarantee that every transaction will settle at the end of this month, pending sales is our leading indicator of transactions," Gardner said.
Tim Milam, president of Coldwell Banker Sea Coast Advantage, said Monday, "The market is booming."
His company's statistics for the week ending March 13 showed a big gain over the same week last year for home sales in New Hanover, Brunswick, Pender and Onslow counties, from 95 sales to 210. The sales volume jumped from $27 million to $56.7 million.
For the tri-county region of New Hanover, Brunswick and Pender, CFR has not yet released its February statistics, but January was a record-setting month.
A letter sent this week from NC Realtors to the governor states, "The timeline of this pandemic and all the potential repercussions are unknown. In addition to health and safety concerns, our Association is also concerned about the potential impacts this will have on homeowners and other property owners who are in the process of buying and selling property, and therefore on the economy of North Carolina through the devastation of the real estate market.
"With more shutdowns of and limitations on local and state government services to come, we respectfully request that you minimize the potential interruptions to the real estate industry by declaring real estate services as essential under the emergency powers declaration."
These steps have been taken by other states and county governments in North Carolina, including Buncombe County, according to the letter.
In addition to supporting the NC Realtors efforts, Gardner said CFR has been keeping in touch with its members, keeping them informed and helping them adjust.
"We are also working with our broker owners to adapt to sellers' showing preferences right now," she said. "Many brokers offer digital walk-through tours and in-house photographers when the property is listed, allowing for slide show tours already in our system."
She said CFR is working with the N.C. Regional MLS on virtual tours.
"We want to make sure that we're able to highlight the availability of virtual tour packages. With the existing demand for housing in our region, we are focused on resources for our members to facilitate business within the reality of necessary health and safety precautions," Gardner said. "because life situations that result in either the buying or selling of a home, they existed before the pandemic and not all can postpone indefinitely."
Intracoastal Angler To Grow With Two New Hampstead Stores
Emma Dill
-
Apr 30, 2024
|
|
Coyne Returns To Law Firm's Wilmington Office
Staff Reports
-
Apr 30, 2024
|
|
Wilmington-based Fishing App Wins NC IDEA Grant
Audrey Elsberry
-
Apr 30, 2024
|
|
Apartment Plans Move Ahead On Wooster Street
Emma Dill
-
Apr 29, 2024
|
|
Design-build Firm Welcomes Falvey As Director
Staff Reports
-
Apr 30, 2024
|
Adrienne Arrington-Kenion decided to share her creations of herbal teas, eventually naming her company, Queen Esther Teas, after her grandmo...
Novant Health Heart & Vascular Institute has incorporated a recent FDA-approved treatment for AFib, or atrial fibrillation, as an option for...
Kimberly Lupo started Portrett Pharmaceuticals after working in the contract development and manufacturing organization industry for several...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.