THIS SALE’S big price tag was followed
by 7617 Masonboro Sound Road on
2.8 acres, which included an offshore
deeded island connected by bridge with
oyster pit, water, electricity and private
pier on the ICWW. The 1992 home, remodeled in
2004, offered 6400sf, and sold for $3.2 million.
“If you look at the number of sales, and the dol-lar
volume, it was a very, very healthy market. It
is a continuation of the recovery from the Great
Recession. And if you look at our three closest metro
markets, Raleigh, Charlotte and Charleston, those
markets are now averaging 35 percent above their
2006 peak. We’ve just this year gone back to our ’06
numbers,” Vance Young says.
“With our market, it has continually improved,
but it has not gotten crazy out there. You talk to
people in Raleigh and Charlotte and they say it’s just
kinda nuts,” says Lee Crouch also of Intracoastal
Realty.
Vance Young attributes this in part to how slowly the
area has rebounded in comparison with the other luxury
markets on the Southeast Coast.
Right, top: The sunset view from the dock’s walkway
at 114 S. Lumina Ave., Wrightsville Beach. Right,
bottom: The view across the pool to the ocean from
513 S. Lumina Ave., the top sale at Wrightsville
Beach. Opposite: Aerial of the top condo sale area at
Wrightsville Beach, 618 Waynick Blvd.
Information from Wilmington Association of Realtors-MLS
TOTAL UNITS SOLD AVERAGE LIST PRICE
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
161
173
181
84
99
97
103
64
69
58
89
129
111
113
149
$1,0080,980
$877,468
$548,158
$781,305
$1,070,091
$1,353,290
$1,258,315
$1,147,834
$1,311,480
$1,159,303
$807,940
$925,012
$792,115
$798,669
$919,066
Wrightsville Beach
STATISTICS 15 YEAR
Information from Wilmington Association of Realtors-MLS
PHOTO COURTESY WILL PAGE PHOTOGRAPHY PHOTO COURTESY ADAM HAWLEY, UNIQUE MEDIA & DESIGN
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WBM february 2018