about it, people really feel like they
can get the best deal if they get a fore-closure
or a short sale, and in a lot of
cases you can, but not all the time,”
Michelle Clark says. “But some people
are only going after foreclosures and
short sales because they want to get
such a great deal, and they’re getting
them. There are tremendous opportu-nities,
and most of them are short sale
and foreclosure. Investors are buying,
trying to get the best deal and it’s also
people that will be using it but, they
still want to get the best deal for that
price, that’s all people care about right
now ... value, value, value, deal, deal,
deal, cheap, cheap, cheap.”
Randy Williams comments, “Many
of the issues with troubled properties
have been resolved, either through
bankruptcy, foreclosure or the short
sale process. Wrightsville Beach was
not immune from those calamities,
but it was not of epidemic propor-tion
like it was in so many other
communities.”
Top Five Agents // Wrightsville Beach
combined
Rank Total Sold Listed Sold total $ volume
1 Team Hardee Hunt & Williams 12 12 24 $16,830,925
2 Debbie Mitchell 4 5 9 $9,852,000
3 Michelle Clark 3 4 7 $6,564,000
4 Harold Chappell 2 2 4 $6,200,000
5 Vance Young 5 2 7 $4,635,000
All Agents — Combined List and Sold volume $129,323,352
Top Five Agents // New Hanover County
Rank Total Sold Listed Sold total $ volume
1 Vance Young 26 19 45 $25,622,700
2 Pam Wooddell 139 3 142 $24,233,120
3 Buddy Blake 83 49 132 $23,982,368
4 Debbie Mitchell 25 19 44 $23,074,875
5 Keith Beatty 53 43 96 $20,698,959
All Agents — Combined List and Sold volume $1,387,225,574
New Hanover County by the
numbers
The county was up almost 10 percent in the number of proper-ties
or “units” sold, with an additional 452 waiting to close after
the year ended.
However, the county was down in overall sold volume, but this
was less than one percent; closing the year with volume totaling
$693,476,787.
The county was down in average sale price and also down in
median sale price; across the board prices fell in every community.
And there are still plenty of inventories; the number of active
listings at year’s end in the county increased 2.57 percent.
It took longer to achieve a sale county wide; the days a property
sat on the market was also up from 136 to 174 days.
Landfall
Landfall, the amenity-rich, gated community, was down in
overall sales volume and in number of units sold. Sales volume
saw a decrease of 14 percent to $45,178,090. Unit number
declines were even greater, at 16 percent.
This Wrightsville Sound community has 1,500 homes already
built out of a possible 1,953 total units.
In 2010 total properties sold were 104; of these, 79 were homes
and 25 lots. For 2011, 87 total properties sold, of these 59 were
homes and 28 were lots.
Alison Bernhart, Broker/Owner of Landfall Realty attributes
this to political uncertainty. “The real downturn last year began
mid-summer with the Congressional debates, and picked up by
year end,” she says.
The top sales price of $2,500,000 was up, but overall Landfall
was also down in median and average sales price and up in days
on market: 246 to 265.
Likewise, short and corporate sales rose from six to 24.
— R e a l e st a t e R o u n d u p 2 0 1 1 —
11 Lagoon Drive, waterfront on a protected cove sold
for $1.7 million in March.
50
WBM february 2012
combined