R E A L E S T A T E R O U N D U P 2 0 1 9
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WBM
LL A N D F A L L ANDFALL saw an
8.9 percent
growth in
2019, ending
the year with $96 mil-lion
in closed sales.
In a market with an
ever-shrinking supply,
136 homes sold.
“People’s sense of con-fidence
is very high now,”
says Allison Bernhardt of
Landfall Realty.
The average price
rose to $706,000; the
median to $612,500.
“Landfall had a very
good year, the inven-tory
is as low as I can
remember,” Vance
Young says.
Inventory was down
24 percent.
“We have only 3 per-cent
of the 1,800 homes
at Landfall on the
market. The national
average is like 8 percent,”
Bernhardt says.
The top sale in
Landfall tied with a
Harbor Island water-front
sale for number
17 in New Hanover
County. This was 1205
Great Oaks Drive, an
Intracoastal Waterway,
waterfront, 4,912sf spec house, with all the living on one level.
It sold for $2.75 million ($559.85 per square foot), 95 percent
of the list price.
The buyers were from the Raleigh area, already with a home on
South Lumina Avenue. They were still working but thinking about
their future.
“The sentiment among buyers is that now is a great time to buy
real estate,” Nick Phillips says.
There were just 18 sales of lots in 2019 in the gated golf and
1205 Great Oaks Drive in Landfall sold for $2.75 million.
country club community. They ranged from $90,000 on
Bedminister Lane to $700,000 on Pelican Reach Place.
Landmark Sotheby’s Will Musselwhite represented the
seller for 15 Balmoral Place. The lot, which backs up to
Howe Creek, sold for $300,000.
“There are a lot more husband and wife buyers who do
not need a 5000-6000sf house. What I call the sweet spot
in Landfall is the midrange, prices between $600,000 and
$800,000,” Musselwhite says.
INTRACOASTAL REALTY CORPORATION
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