WATERFRONT, WATER VIEW AND PIER/DOCKAGE CONTINUE TO BE A DRAW IN THE HIGHER-END SALES. COURTESY OF DEBBIE MITCHELL 61 No. 8 Cedar Island sold in December for $2,270,000. everybody is always looking for the view,” she says. “The view can vary dramatically, but I think with there still being enough inventory out there, definitely, typically those are the things people are going to gravitate to first, over something without a view.” The year saw 19 sales of homes and lots at Figure Eight Island up from 14 the previous year for a more than a $17 million increase in sold volume, up 83 percent. The number of sales increased 36 percent. Judy Palatore, Broker at the on-island Figure Eight Island Realty, says, “The market on Figure Eight Island continued to grow and improve. Not only did we see more transactions, but also an increase in average sales price.” DOM The number of days it took to sell a property also indicates a continued reversal of the negative trend that was ushered in with the recession. Average days on market, DOM, in New Hanover County dropped to 153, a 15-percent decrease. Intracoastal’s Debbie Mitchell, who ranked No. 5 in the county with 64 total sales and a combined sold volume of $32.7 million, says, “Consumer confidence was good. People are feeling more comfortable with purchasing.” Overall, the county saw an increase of just 5.4 percent in num-ber of properties sold. However, only Figure Eight and Landfall, both private access com- FIGURE EIGHT ISLAND PLEASURE ISLAND PORTERS NECK 2011 2012 2013 2011 2012 2013 2011 2012 2013 $17,449,687 $20,970,000 $38,277,000 $101,013,164 $120,451,996 $116,898,801 $21,189,345 $25,775,703 $23,569,595 13 14 19 409 492 464 42 74 62 $2,750,000 $3,200,000 $4,375,000 $1,275,000 $1,138,000 $1,600,000 $2,350,000 $768,000 $1,051,000 425 414 280 222 235 225 148 272 216 $1,342,284 $1,792,236 $2,014,579 $246,976 $263,032 $251,937 $504,508 $372,498 $380,155 $1,237,687 $1,547,000 $1,823,000 $216,000 $229,000 $220,000 $424,950 $378,058 $373,881 $6,000,000 $4,950,000 $6,500,000 $2,900,000 $2,795,000 $2,795,000 $1,600,000 $2,987,000 $2,995,000 46 44 21 504 389 311 75 68 38 1 2 2 37 66 60 12 16 15 2 0 0 172 46 31 6 3 0 www.wrightsvillebeachmagazine.com WBM
2014-2
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