IN NEW HANOVER COUNTY 2018
$3,600,000 4 CLOSED MARCH 8 5 $3,525,000 CLOSED MARCH 9
264 Beach Road N, Figure 8 Island 24 W Salisbury Street, Wrightsville Beach
9 $3,250,000 CLOSED OCTOBER 1 10 $3,050,000 CLOSED JUNE 28
8 Surf Court, Figure 8 Island 813 Howes Point Place, Landfall
14 $2,800,000 CLOSED MAY 4 15 $2,750,000 CLOSED JUNE 28
266 Beach Road N, Figure 8 Island 33 W Henderson Street, Wrightsville Beach
19 $2,300,000 CLOSED AUGUST 27 20 $2,233,333 CLOSED MAY 1
23 Comber Road, Figure 8 Island 2001 Balmoral Place, Landfall
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CLOSING at 4.17 percent
higher than the previous
year’s top sale contributed
to a 2 percent overall higher
sold volume for New Hanover for
2018, an increase of just over $34 million
for a year-end of just over $1.7 billion.
This, however, was down in the actual
number of sales, 45 fewer the previous
year with 5,642. In the plus column,
518 pending sales were waiting to
close.
Faring better on sold volume num-bers,
Brunswick County to the west
and south saw an almost $105 million
increase or 7.82 percent over the pre-vious
year. Hammered by Hurricane
Florence, Pender County’s sales vol-ume
held, only dipping less than one-tenth
of 1 percent.
Brunswick again saw a 2.9 percent
increase in the physical number of
properties sold, 6,301 for the year.
Pender didn’t best the 2017 number
of sales, missing by just 28 to end the
year with 1,612 sales, although it did
increase close to 20 percent on the
top-selling property.
Median and average sold prices mir-rored
this with each of the county’s
averages increasing, but the communi-ties
of Landfall, Figure Eight Island
and Porters Neck saw a decrease.
Wrightsville and Pleasure Island
increased in average and median sales
prices, 15 percent and 5.83 percent
respectively. (See the chart on page 54
for more on these numbers.)
The white elephant in the room
in any discussion of real estate in this
region for the foreseeable future is and
will be: moisture. Wilmington experi-enced
more than 100 inches of rain in
2018. Without the hurricane, it was
still a wet year.
“In my career here, the four-letter
word that scares me to death is mold,”
says Buzzy Northen of Intracoastal
Realty.
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WBM