Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Summers Walk, Shallotte
September 23, 2026
(910) 395‑1000 · buddyblake.ai
What really happens to homes listed in Summers Walk
In the last 12 months, 54 homes finished their time on the market in the Summers Walk neighborhood in Shallotte: 54 sold and 0 did not. The ones that sold took a median of 38 days, counted from the first day listed, and closed at 96.8% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Summers Walk, Shallotte 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 The outlined ones expired, were withdrawn or were canceled.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 9 days. Needed price cuts: 78 days, and sold for 92.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,491 |
| Property taxes | $80 |
| Homeowners insurance | $250 |
| Upkeep | $235 |
| Utilities | $250 |
| About | $2,310 |
About $2,310 every month the home sits.
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
4%
2 of about 56 before closing
Those homes that later sold
100%
0% never sold
Sold vs. first ask after a fall-through
95.6%
vs. 96.8% on the first contract
Days to sell after a fall-through
61
vs. 38 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 48% · cash 24% · VA 13% · FHA 15%.
If you're selling
- Homes priced right from day one sold in a median of 9 days. Homes that needed price cuts took 78 days and sold for 92.2% of their first price.
- Waiting costs money. A $281,644 home runs about $2,310 a month to hold.
- About 1 in 28 contracts fell apart before closing. Homes that went back on the market sold for 95.6% of first asking, versus 96.8% for homes that closed on the first contract.
If you're buying
- 83% of homes sold below their first asking price — the first price is often a starting point.
Did you know?
- 24% of buyers paid cash, and 13% used VA loans.
- A year earlier, 100% of listings didn't sell; now it's 0%.
- When a contract fell apart, 0% of those homes never sold at all.
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For sellers
Listings that didn't sell
0%
down 100.0 pts from a year ago
0 expired, withdrawn or canceled vs 54 sold
Sold vs. first asking price
96.8%
median sale price ÷ original list price
Sold below first asking
83%
share of homes that sold
Price cut on homes that didn't sell
—
median — and they still didn't sell
For buyers
True days on market
38
median for sold homes, counted from the first listing
Typical room below first ask
3.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
—
of listings that didn't sell the first time
Median sold price
$282K
54 homes sold
The last 13 months
0% latest month · Aug 26
49 latest month · Aug 26
99.0% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 25 | 0 | 0% | 63 | 94.7% |
| $300–400K | 29 | 0 | 0% | 25 | 99.1% |
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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000