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resurgence in those types of buyers,” say Landmark Sotheby’s International Realty’s Nick Phillips. “There’s a lot of optimism right now on the part of folks who have the ability to buy those properties.” Young agrees that the area lags behind some of the other localities, and shares Phillips’ optimism. “The closest metro markets — Raleigh, Charlotte and Charleston —are all roughly 20 percent above their 2006 peak. We are still about 10 percent off our ’06 peak, so that differential in pricing is what we are seeing,” he says. “A buyer that’s looking at Wrightsville Beach or Figure Eight is going to pay substantially more, probably 30 percent more, to get the same house down in the Charleston market. Someone that is coming out of Charlotte or Raleigh can sell their house for $1.5 to $2 million and get a house down here on the water for that.” 60 WBM february 2017 DAYS ON MARKET AND ACTIVE LISTINGS DOWN Days on market — the amount of time it takes to list a home for sale, pho- tograph and market it, attract a qualified buyer and close the transaction — decreased, ranging from 36 percent fewer days at Wrightsville Beach to a drop of 59 percent at Figure Eight Island, bringing the New Hanover County decrease in days on market down 62.69 percent. More good news: the number of active listings dropped overall, ranging from 28.98 fewer homes for sale at Landfall to 11 percent less at Wrightsville. “Days on market has definitely come down,” says Michelle Clark of Intracoastal Realty, the No. 7-ranked Realtor in New Hanover County and No. 11 at Wrightsville Beach. “The PHOTO COURTESY OF HARDEE HUNT AND WILLIAMS


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