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— R e a l e s t a t e R o u n d u p 2 0 1 0 —
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The year of the
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WBM february 2011
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deal The threat of the foreclosure market accelerating and anxious sellers and buyers seeking the
deal of a lifetime characterized the 2010 housing market here in Eastern North Carolina.
There were more foreclosures in 2010 — that’s no surprise — but 29 percent more homes
started the foreclosure process than the previous year, with the tally ending at 1,894 properties
for the year countywide. By comparison, Brunswick finished with 1,723 and Pender logged a modest 524.
Wilmington Regional Association of Realtor’s 2010 Sales Person of the Year Michelle Clark, of
Intracoastal Realty, whose team sold at least two foreclosures and eight short sales last year, says, “foreclosures
and short sales are definitely affecting price. Sellers are competing with them now, and sellers need to make
their price more attractive in order to get a sale.”
by Pat Bradford // Photography by Allison Breiner Potter & Joshua Curry
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