FOR NEW HANOVER
County there was a 14.2
percent rise in the overall list
and sold volume to $1.68
billion. This was a gain of
$212 million in 5,687 sales,
an increase in properties sold
over 2016 of 4.5 percent, leaving brokers and
their teams somewhat giddy.
“Everything was up. The market is really hot,”
Carla Lewis of Intracoastal Realty says. “We had
an excellent year. Things that have been out there
a while — water properties, water view, boat slip
— were in high demand and now getting snapped
up.”
High-end and waterfront sales again domi-nated.
Eclipsing 2016, which saw just one sale
over $4 million, and three additional sales above
$3 million, New Hanover County roared into big
numbers, recording a dozen sales over $3 million,
with a whopping four sales closing upward of $4
million — a 200 percent increase in the over $3
million category by year end. Two of the 12 sales
exceeding $3 million were developable land.
“2017 was just an incredible year for real estate
across the board,” Intracoastal Realty’s Michelle
Clark says. “The numbers were up everywhere,
whether it was the number of units sold, the aver-age
sales price — everything was up, and homes
were selling quicker and inventory shrinking.”
Three million and up home sales ranged from
the 5,850sf ICWW nautical-influenced home at
the end of a gated lane, 417 Bradley Creek Point
Road, all the way to $4.8 million for oceanfront
with a heated pool and 5 bedrooms at 226 Beach
Road North on Figure Eight Island. This top sale
in the county was a full $500,000 more than the
previous year’s best.
“The market has been very strong. This is the
first year we’ve seen multiple properties transact
over the $3 million price point. And all of them
have been cash transactions,” Kirra Sutton of
Figure Eight Realty says.
Figure Eight Island once again dominated the
high-end home sales, capturing eight of the top
20 highest sales, while Wrightsville Beach took
four of these top sales with closed prices between
$4.5 million and $2.6 million, the former being
the highest price single-family house on an ocean-front
lot in the town’s history.
75
IN NEW HANOVER COUNTY 2017
4 5
$4,250,000 | $3,900,000 |
CLOSED AUGUST 28 CLOSED AUGUST 30
513 S Lumina Ave, Wrightsville Beach 286 Beach Rd N, Figure Eight Island
10TIE
$3,295,000 | $3,200,000 |
CLOSED MARCH 1 CLOSED AUGUST 18
334 Cabbage Inlet Lane, Masonboro Sound 1120 Harborway Place, Landfall
$2,875,000 | $2,850,000 |
CLOSED FERUARY 9 CLOSED MARCH 17
230 Beach Rd N, Figure Eight Island 813 S Lumina Ave, Wrightsville Beach
423 S Lumina Ave, Wrightsville Beach 272 Beach Rd North, Figure Eight Island
www.wrightsvillebeachmagazine.com WBM
9
14 15
19 20
$2,600,000 | $2,500,000 |
CLOSED JULY 10 CLOSED DECEMBER 20