out the year with $32,298,000 in sales for 61 properties. The aver-age
sale price increased 5.5 percent, while the median sale price
was up just shy of 11 percent.
Wrightsville Digging Deeper
Wrightsville did not fare so well, finishing the year with a sales
volume of just more than $50 million, a 23 percent decrease from
the previous year. Available
inventory dropped marginally
to 160, but agents say approxi-mately
40 properties expired off
the active rolls at year’s end.
Wrightsville saw 14 percent
fewer number of sales in 2010,
and it saw deep cuts in home,
town house and condo prices.
The good news was that sales
were being made, but except for
a few notable exceptions, sellers
were taking less than they wanted
in order to achieve a sale. The
average sale price was down 8.6
percent, however, the median
sales price climbed 7.38 percent.
Thirty-nine percent of
Wrightsville’s 69 residential
sales in 2009 were $1 million
or more. In 2010 just 16 prop-erties
were $1 million or more.
219 Seacrest Drive
The best buy in a high-end Wrightsville home
Of these, 10 were soundfront
and three were oceanfront.
Just three homes sold for $2
million or more. Of these, two
were oceanfront, and the third was 2 Cowrie Lane, the spectacular
oceanside coastal vernacular design that offered close to 5,000
square feet indoors and 2,200 square feet of outdoor space, with
strong ocean views, located in a neighborhood with some of the
largest lots on the island, all staggered for maximum views.
Single Family
Twenty-two single family homes sold. Of these, the best buy in
a higher-end home was the four bedroom, five bath home located
30
WBM february 2011
at 219 Seacrest Drive, across
the street from Motts Channel,
with access to a boat slip
rental, which was purchased in
December by a doctor who was
relocating. “It was not a short
sale, but the sellers were ready
to sell it,” listing agent Michelle
Clark says. “That was an amaz-ing
price for such a great house,
one back from the water.”
Loaded with sought-after fea-tures,
the home sold for only 67
percent of its list price. At 4,770
heated square feet, that was a
value-packed $167 per square
foot purchase.
Another good buy was 6
Myrtle Court, a short sale that
sold at $925,000 — $282 per
square foot. Built in 2006, this
four bedroom, five bath house
also was constructed with all the
latest must-haves, but sold for
71 percent of its list price.
The entry level price point
was again on South Harbor Island, the modest, 1,300 square foot,
single-story home at 107 Live Oak Drive. With three bedrooms
Regional Comparison //
New Hanover County Wrightsville Beach Landfall Year 2009 2010 2008 2009 2010 2008 2009 2010 Overall Sold Volume $661,446,296 $698,326,742 $63,918,900 $65,138,300 $50,041,500 $56,756,681 $25,058,918 $52,606,400 # Units Sold 2516 2662 64 69 58 85 41 79 Top Sold $3,400,000 $4,000,000 $3,550,000 $3,200,000 $2,700,000 $1,950,000 $1,552,000 $2,325,000 Avg DOM Sold 141 136 160 231 289 175 268 246 Avg Sale Price $262,896 $262,332 $1,024,302 $944,033 $862,784 $667,726 $611,193 $665,904 Median Sale Price $195,000 $199,800 $847,500 $745,000 $800,000 $590,000 $695,000 $560,000 Top Active Price n/a $5,200,000 $4,475,000 $5,250,000 $4,450,000 $6,400,000 $4,475,000 $4,045,000 # Active Listings n/a 2956 160 162 160 242 124 112 Currently Pending Units 266 230 4 5 4 7 7 5 Short Sales Units 80 177 n/a n/a 6 n/a n/a 6