The top residential sale in both Pender and Brunswick was $2.25 million. Overall sold prices
climbed higher and were more plentiful in all three counties.
“People are retiring to the South because of our taxes. They are so much lower than up North.
Even with our wind and hail insurance and taxes, it’s still a win-win for them,” says Christine
“North Carolina is attracting interest from across the nation. Wilmington is strong as a region,”
says Hardee Hunt & Williams’ Randall Williams.
Buyers with significant net worth are coming to the area.
“They are those who could go anywhere in the country or the world for that matter,” says Vance
He indicated a lot of these buyers are paying cash. Some of this he attributes to the wealth that
has been created and enhanced by the economy.
“You have to tip your hat to the economy and where we are,” he says.
He describes it as “the wealth effect” that people feel, producing confidence in making signif-icant
investments. Young also noted use of cash by a generation that became debt adverse as a
result of banks calling in loans in 2008 from people who were not even behind on their mortgages.
PHOTOS COURTESY INTRACOASTAL REALTY CORPORATION
The number ten sale in
New Hanover County, was
Wilmington’s 6309 Sea Mist
Ct., Cedar Island. Built in
2006, the 7,844sf 5-bedroom,
8-bath house on 1.16-
acre waterfront lot, with a
private beach, dock and
boat lift on the Intracoastal
Waterway offered expansive
Masonboro Island and
ocean views. It sold for $3.4
million in April after 271 days
on market for 86 percent of