Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Palmetto Creek, Bolivia
September 24, 2026
(910) 395‑1000 · buddyblake.ai
In Palmetto Creek, 1 in 4 Contracts Fell Apart
Over the last 12 months in the Palmetto Creek neighborhood in Bolivia, 58 of 64 homes that ended actually sold. Typical time to sell was 122 days, and the typical home sold for 97.6% of its first asking price. Homes priced right from the start sold in 68 days, while ones that needed price cuts took 165 days and still landed at 92.4% of ask.
Which pile do you want to be in?
Out of every 20 homes listed in Palmetto Creek, Bolivia over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
Priced right from day one: sold in a median 68 days. Needed price cuts: 168 days, and sold for 92.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,393 |
| Property taxes | $129 |
| Homeowners insurance | $250 |
| Upkeep | $377 |
| Utilities | $250 |
| About | $3,400 |
About $3,400 every month the home sits.
Listings that didn't sell stayed on the market a median of 181 days — roughly $20,200 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 6.95% (Freddie Mac average, 2026-09-17); Brunswick County rate 0.342 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
24%
19 of about 78 before closing
Those homes that later sold
100%
0% never sold
Sold vs. first ask after a fall-through
97.8%
vs. 97.3% on the first contract
Days to sell after a fall-through
287
vs. 79 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 61% · cash 25% · VA 7% · FHA 5%.
If you're selling
- Price it right from day one — homes priced right sold in 68 days, ones that needed cuts took 165 days
- 6 homes in Palmetto Creek didn't sell this year, and listings that never sold sat a median of 181 days with a 4.1% price cut along the way
- 24% of contracts fell apart before closing, most often inspection, appraisal or financing issues — have your home ready to withstand those checks
- If a contract does fall apart, homes that later sold still closed at 97.8% of asking, so it's not a lost cause, just a longer road at 287 days
If you're buying
- Typical home in Palmetto Creek sold for 97.6% of first asking price, and 69% of homes sold below that first ask — there's room to negotiate
- Homes that needed price cuts sat a median of 165 days before selling, so patience can pay off
- Most buyers here used conventional financing (59%), 27% paid cash, 7% used VA and 5% used FHA
Did you know?
- 1 in 11 homes in Palmetto Creek didn't sell in the last 12 months, up from a 5% rate the year before
- Carrying a typical $451,978 home here runs about an estimated $3,400 a month, or about $20,200 while it sits unsold
- After a contract falls apart, homes that go on to sell take a median of 287 days total, compared to 60 days on a first contract that sticks
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For sellers
Listings that didn't sell
11%
up 5.6 pts from a year ago
7 expired, withdrawn or canceled vs 59 sold
Sold vs. first asking price
97.4%
down 2.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
70%
share of homes that sold
Price cut on homes that didn't sell
3.6%
median — and they still didn't sell
For buyers
True days on market
127
up 46 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
0%
of listings that didn't sell the first time
Median sold price
$452K
up 6.0% from a year ago
59 homes sold
The last 23 months
17% latest month · Aug 26
304 latest month · Aug 26
86.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 6 | 0 | 0% | 474 | 90.0% |
| $400–500K | 36 | 4 | 10% | 157 | 97.6% |
| $500–750K | 15 | 3 | 17% | 57 | 100.0% |
| $750K–1M | 2 | 0 | 0% | 104 | 93.3% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated September 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000