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2015-2 WBM 49 On Wrightsville there were 27 sin-gle- family house sales, 11 for Harbor Island, bringing the total for single-family, free-standing home sales to 38, an increase of 12 percent over 2013. One Realtor-assisted commercial sale occurred: the unique commercial struc-ture at 96 West Salisbury Street sold for $1.3 million in June after languish-ing on the market. The new owner and tenant hope to revitalize the waterfront point as a boat club. Two Realtor-assisted lot sales were recorded: the 50- by 80ft lot at 837 Schloss Street which sold for $460,000 in August. No. 7 Myrtle Court also sold; this 60- by 85ft neighborhood lot offered potential non-waterfront views and sold in May for $325,000. Twenty “duplex” units sold, outside of the planned unit communities listed in the chart on the opposite page. These were the traditional side-by-side duplex units as well as the stan-dard over-under two-unit dwellings. Multiple offers occurred on the over-under duplex units at No. 4 Sandpiper Street, which sold in February for $908,000. All remain-ing sales were at least water view (6), while 11 were waterfront on the sound or ocean. One of these, the four-unit waterfront North Shores with pier also sold in November for $1.185 million. Teardowns An emerging trend seen at Wrightsville is the number of properties, houses and older duplex units, dating from 1950 to 2006, sold as teardowns, like the year-round, in-good-condition house sold and torn down for new construc-tion for a Wilmington chiropractor and his family at 4326 Causeway Drive. “In many of these cases, clients are paying millions of dollars to essentially obtain a desired location and are some-what unconcerned about the immedi-ate value of the new home,” Williams says. “They are approaching it from a different perspective, taking a longer view of the value of an asset they are

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