12-YEAR STATISTICS WRIGHTSVILLE BEACH Information from Wilmington Association of Realtors-MLS 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 160 161 173 181 84 99 64 69 58 89 129 TOTAL UNITS SOLD 64 WBM february 2014 $496,061 $548,158 $781,305 $1,070,091 $1,353,290 $1,258,315 $1,147,834 $1,311,480 $1,159,303 $807,940 $925,012 AVERAGE LIST PRICE 2013 111 $792,115 “What we saw in 2012 was the return of the primary (resi-dence) buyer up to about $500,000,” Vance Young says. “This past year we had primary (residence) buyers up to about $1 million. So it is definitely trending in the right direction. The properties over $1 million are still very slow and there is a disproportionate amount of supply to demand, we don’t yet have the demand to match that over million supply on the primary end.” Intracoastal’s Bobby Brandon is ranked No. 6 at Wrightsville Beach in sales, having five sales for a com-bined sales volume of $7.3 million. He says, “The mid stuff, the 5-, 6- and $700,000s, single family homes, it was a hot button. Those houses, at one time, back in the day, were million dollar houses, in 2005 and ‘06. Then all of a sudden they were down to mid $6s, $6-$700,000. That’s a whole lot more affordable than a million. They sold pretty quick.” “Whereas the high-end stuff, $2 million and up, it didn’t go quite as good as what we had hoped. I think that was a result of the economy, the uncertainty,” he says. In the $1 million or more category at Wrightsville Beach, 22 of Wrightsville’s 111 sales, 20 percent, were $1 million or more; three were $2 million and over. THE TOWN OF WRIGHTSVILLE BEACH There were 34 single-family homes sold in the town of Wrightsville Beach in 2013. Of these, 23 single-family homes sold on Wrightsville Beach itself; they ranged in price from $557,500 to $2.125 million. The lowest price paid on the island of Wrightsville Beach was for a classic 1965 cottage at 200 North Lumina Avenue, just 1,102sf, which sold in May for $557,500. 200 North Lumina Avenue was the entry level price point for a single-family home on Wrightsville Beach selling in May for $557,500. “THERE WAS A NOTABLE INCREASE IN CONSTRUCTION ON
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