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“In Wilmington, I think we’re finally at the bottom. At Wrightsville Beach I think
we’re finding the bottom,” Clark says.
Randy Williams agrees, “We’re hoping to stop the bleeding and reach the bottom,”
he says. Williams feels some of the macro markets at Wrightsville, like the condo mar-ket,
may have hit bottom, pointing to the million-dollar sale at Wrightsville Dunes.
Lee Crouch says, “I have several buyers out, there but they are waiting for a deal.”
“That’s why people are buying,” Debbie Mitchell says. “If they can get a really good
deal, they feel like they don’t have to worry about the market dropping further.”
* All listing and sales figures were supplied by the Wilmington Regional Association of Realtors as of
01/15/11.
Buyer Profiles
by Patricia E. Matson And Pat Bradford
Year-round Wrightsville Beach residents will remain in the minority, as most
of those buying houses in 2010 were people seeking vacation and investment
homes. Just eight were purchased for year-round residential use; of these, four
made the move from being second or investment homes to primary residences. Two homes
from the new construction boom that were still standing empty were also purchased for use
as primary residences. And while two additional sold but remained primary homes, four
primary residences were purchased for second-home use, bringing the over-all net gain of
primary residences in the town to six.
“About 75 percent of what we handle are secondary homes,” says Randy Williams at
Hardee, Hunt and Williams. He adds that about 80 percent of the buyers his team worked
with were already from North Carolina.
Those numbers hold true for the beach, with 81 percent of the sales having buyers hailing
Top Five Agents // Wrightsville Beach
combined
Rank Total Sold Listed Sold total $ volume
1 Team Hardee Hunt & Williams 10 4 14 $12,800,000
2 Mark Bodford 6 4 10 $9,222,000
3 Lee Crouch Jr. 1 4 5 $8,600,000
4 Debbie Mitchell 6 2 8 $7,488,000
5 Vance Young 4 3 7 $7,412,000
All Agents — Combined List and Sold volume $98,408,781
Top Five Agents // New Hanover County
Rank Total Sold Listed Sold total $ volume
1 Vance Young 34 20 54 $41,229,350
2 Buddy Blake 105 58 163 $32,744,866
3 Bruce Koch 36 32 68 $27,040,083
4 Keith Beatty 63 30 93 $25,185,349
5 Debbie Mitchell 25 18 43 $24,544,400
All Agents — Combined List and Sold volume $1,466,193,210
Landfall
1051 Ocean Ridge Drive
$3,299,000
Landfall
1128 Arboretum Drive
$729,000
Forest
Hills
2702 Columbia Ave.
$895,000
Landfall
1317 S. Moorings
$695,000
36
WBM february 2011
combined