65 $433,875 $431,100 $639,500 $885,750 $1,179,000 $937,500 $847,500 $745,500 $800,000 $600,000 $644,900 172 201 77 55 133 141 160 231 289 267 328 www.wrightsvillebeachmagazine.com WBM *NOTE: These averages are skewed by 5 fractional/ vacation ownership sales which negatively impact the averages, as does 4 condo-tel (500sf or less) sales. $496,600 $522,389 $754,412 $1,018,360 $1,236,215 $1,141,458 $1,024,302 $944,032* $862,784 $725,917 $827,056 AVERAGE SALE PRICE MEDIAN SALE PRICE DAYS ON THE MARKET $719,954 $650,000 275 Of the 23 single-family homes on Wrightsville, nine of them were soundfront with boat dockage; more than five of these were deep water with unobstructed access dockage. A unique sale and the oldest property sold, built in 1910, was 506 South Lumina Avenue, the former Star of the Sea Hospital, which sold in November for $1.475 million. The home sits on approxi-mately one-fourth acre in what is known as the Sprunt compound, and has an undivided interest in a 65-foot wide soundfront lot and two deep-water boat docks across Waynick Boulevard, which made it a prime target for investment and tear down, and even though this purchase brought the property back into the Sprunt family, by all appearances it is about to be demolished. Included in the overall total, 10 single-family homes were sold on Harbor Island, ranging in price from $355,000 to $1.9 million. The entry level price point, a 768sf home, built in 1957, features two bedrooms, one and one-half baths on a lot with mature trees: 305 North Channel Drive, which sold in April. At the other end of the spectrum, the top single-family sale, 205 South Channel Drive, sold in September. Randall J. Williams, Broker on Team Hardee, Hunt and Williams says, “The beach market was just a little off, compared to 2012. Foreclosures and short sales were not the driving factor in 2013, however we were not immune to a few lingering foreclosures that had some influence on values.” There were just 963 foreclosure filings through-out the countywide system in 2013, a 34-percent decrease from 2012. This is the lowest number of filings since 2007, which saw 720. “There was a notable increase in construction on the island in general and at least one high-end spec house being started. That is refreshing considering the dearth of that particular segment of the market during the recession,” Randall J. Williams says. 506 South Lumina Avenue, the former Star of the Sea Hospital, built in 1910, returned in November to the Sprunt family, selling for $1.475 million. ON THE ISLAND IN GENERAL. ” Median is a mathematical result that indicates that one half of the group is higher and one half lower. Median is not adversely affected by extreme numbers.
2014-2
To see the actual publication please follow the link above