How to Invest in Seabrook Island Real Estate After Covid-19

Mount Pleasant SC

14 July, 2021

5:01 AM

Description

At the beginning of the pandemic, stay-at-home orders by big box companies prevented buyers from house-hunting and discouraged the sellers from listing properties. That all changed in May 2020, when online viewings started taking place. Social distancing was not a problem or even a concern, and the new technology on the Iphone 12Pro made it simple for any real estate agent with a free finger to make professional videos and upload them in a snap. Trends Affect Seabrook Island Real Estate For Sale A merging of trends is fueling the demand for high-end homes. One affluent American decided they wanted more space as they worked while their kids’ learn and his wife entertains from home. Because of Covid-19 they also had the means to buy, helped by higher savings, due to lack of disposable spending because nothing was open, and historically low mortgage rates with soaring stock prices that have padded this family’s wealth and allowed them to offer large amounts of cash as incentive for buying new homes. Property Value and Demand for Luxury Homes Outpace The Seabrook Island Real Estate For Sale In the months that followed May 2020, demand for luxury homes far outpaced supply, and U.S. housing gained about $2.5 trillion in value for 2020 – the most value gained in a single year since 2005, according to recent analysis. Median House Value Rises Seabrook Island's typical house cost is $750,000 which is fueled by the need for homes with more room for those who are self-employed or decided to make the transition to a work-from-home employee. The number of homes that sold for more than $1 million rose by 81% in February 2021, according to the National Association of Realtors (NASR). In the Midwest, the number doubled in that same period. In the Northeast, volume increased by 98%. And In the South, it was up by 94%. Seabrook Island has seen a surge in investors who are purchasing land to build new custom homes and for those who have decided to leave their busy city lifestyle behind for good in trade for a simpler, slower paced, comfortable life they can enjoy with their families. About Michelle Almeyda-Wiedemuth I’m your future Seabrook Island Realtor and local neighbor. I'm a wife, boy mom, relationship builder and dream finder. I'm tenacious, industrious, dedicated, reliable and fiercely loyal. I’m passionate about my family, people, building relationships, real estate, home decor, food, wine and travel. After spending almost four years traveling and living abroad, I discovered Charleston, South Carolina and then Seabrook Island. Having lived in beach communities like The Hamptons, I was drawn to Seabrook. I loved it so much that I decided to build a new home and our new lives here. Want to know why I choose Seabrook? Contact Michelle Almeyda-Wiedemuth for Information About Seabrook Island Real Estate For Sale Contact: Michelle Almeyda-Wiedemuth Top 1% Real Estate Agents South Carolina Email: [email protected] Address: 1002 Landfall WaySeabrook Island, SC 29455 Phone: 843-818-3628 Website: https://seabrookislandrealestatesc.com