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CASH SALES Randall J. Williams notes almost 46 percent of the sales in Wrightsville Beach were cash transactions, versus buyers seeking financing for the purchase. This percentage mirrors that of New Hanover County for its million-and-over sales, which closed 47 percent of residential and land sales with cash in 2016. “Half of the million-plus properties that sold in New Hanover County in 2016 were cash,” says Jessica Edwards. “Our experience is that luxury home buyers are still much more likely to close with cash. Financing continues to be limited at the high end of the market, and the buyers usually do not need a mortgage,” Nick Phillips says. Wrightsville Beach New Construction Building permit/SFH and Duplex 2016 Permit ID Parcel ID Date Filed Project Description Project Cost 9250 702 Waynick Blvd., Lt 28 9-Nov-16 Construct new single-family home $1,500,000 9163 1 Auditorium Circle 22-Jul-16 Construct new single-family home, pool, hardscaping, site walls, & landscaping $1,274,175 8901 834 S Lumina 5-Jan-16 Construct new single-family home $850,000 9162 2.5 Pelican Drive 21-Jul-16 Construct new single-family home $800,000 9247 11 Bermuda Drive  7/SA 4-Nov-16 Construct new single-family home $780,000 9240 228 Seacrest Drive  81/3 28-Oct-16 Construct new single-family home $750,000 9186 54 Pelican Drive  8 6-Sep-16 Demo existing house and rebuild new single-family home $400,000 9264 15 W Henderson 16/3 23-Nov-16 Construct new single-family home $300,000 9182 215 S Lumina 22-Aug-16 Erect duplex as per plans $950,000 76 WBM february 2017 Provided by Town of Wrightsville Beach Planning Department Aerial photo of South Harbor Island from across Wrightsville Beach. PHOTO BY ADAM HAWLEY, UNIQUE MEDIA & DESIGN


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