Fractional Sales
Wrightsville again saw three fractional 1/10 ownership sales at
the following locations: two at Sea Oats on North Lumina Avenue
and 14B E. Shearwater Street. And while these low purchase prices
skew the overall numbers for Wrightsville, they actually boost the
number of sales by three. Factoring these sales out of the year end
statistics leaves an average sold price of $901,673 and a median
sales price of $810,000.
Condo Sales
Planned developments
Station One — 3 sales
• Three bedroom, Unit 6A sold for $822,500
in June
• Three bedroom, Unit 2A sold for $750,000
in March
• Two bedroom, Unit 4D sold for $600,000
in June
Islander — 1 sale
• Unit 2D, a two bedroom, two bath sold
for $595,000 in March
Duneridge Resort — 4 sales
• Unit 2203, the least expensive, sold last at
$700,000 in August
• Unit 1405 sold for $820,000 in April
• Unit 1305 sold for $825,000 in May
• Unit 1403 sold in December 2010 at $845,000 for the best price
in Duneridge
Shell Island — 5 sales
• Unit 404, lowest price, sold for $204,000 in February
• Unit 901, highest price, north corner overlooking bird sanctuary
and toward inlet and Figure Eight sold for $315,000 in January
Wrightsville Beach 10-year Statistics //
$534,597
$496,061
$548,158
$781,305
$1,070,091
$1,353,290
$1,258,315
$1,147,834
2001
2002
2003
2004
2005
34
WBM february 2011
$498,253
$496,600
$522,389
$754,412
$1,018,360
$1,236,215
$1,141,458
$1,024,302
Average List Price Average Sale Price
$944,032*
$1,311,480
*NOTE: 3
fractional 1/10th
sales at $109,500
to $225,000
again, negatively
impacted the
average in 2010.
See more on
page 47.
160
161
173
181
84
99
93
64
Information from Wilmington Association of Realtors-MLS
2006
2007
2008
Total Units Sold
2009
69
2010
$862,784
$1,159,303
58
Channel Walk — an $850,000 sale and a more than $1 million dollar sale
at Channel Walk indicate the high value placed on the highly coveted boat ships in
this development. Properties with deepwater boat slips are accelerating in value at a
higher rate than those without.