Figure Eight
On Figure Eight Island, private lux-ury
island living was up in overall sales
volume 35 percent, to $17,449,687.
The number of units sold jumped 117
percent, but keeping it in perspective, that
was just from six to 13. The island saw
a significant drop in the top sales price,
sinking from a 2010 high of $4 million to
a more conservative $2,750,000.
Fairly telling, the hike in days on mar-ket
was way up a whopping 269 percent
to 425. And Figure Eight logged at least
two corporate-owned or short sales by
Realtors. There too, the median and aver-age
sales prices reflected what happened:
The median sunk from $2,150,000 to
$1,237,687 and the average likewise
declined 37 percent to $1,342,284, but
when contrasted with all other markets
in the county, those median and average
sales prices remind observers that Figure
Eight is still a strong value.
Pleasure Island
Kure and Carolina beaches
The beach towns on the southern end of the county saw a
similar fate, but overall sales volume was up slightly less than
eight percent. The number of units sold was also up just
under 22 percent.
And the top price in the two towns was also up, edging up
from $1,175,750 to $1,275,000.
Still logging the increases, the days on market on this island
climbed from 186 to 222.
The median sales price was down from $250,000 to $216,000
Wrightsville Beach 11-year Statistics //
Average List Price Average Sale Price
2001
2002
2003
2004
2005
52
WBM february 2012
*NOTE: Two
fractional sales
at $99,900 and
$100,000 again
negatively
impacted the
average in 2011.
See more on
page 56.
Information from Wilmington Association of Realtors-MLS
2006
2007
2008
Total Units Sold
2009
2010
$534,597
$496,061
$548,158
$781,305
$1,070,091
$1,353,290
$1,258,315
$1,147,834
$498,253
$496,600
$522,389
$754,412
$1,018,360
$1,236,215
$1,141,458
$1,024,302
$944,032*
$1,311,480
160
161
173
181
84
99
93
64
69
$862,784
$1,159,303
58
2011
$725,917
$807,940
89
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