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SOLD IN NEW HANOVER COUNTY 2020
LUXURY TICKET PROPERTY sales were
record-breaking in all
price points, including
the luxury market.
Trey Wallace, pres-ident
of Intracoastal Realty, broke
down the $1 million and over sales
for New Hanover County.
“The county saw an approximate
percentage increase in the follow-ing
price thresholds: $1 million-plus
homes were up 71 percent in
transactions versus 2019 for a 2020
total just north of 200 transac-tions,”
he says. “The $3 million-plus
market saw a 77 percent
increase over 2019 for a total just
north of 20 transactions. The $5
million-plus saw an incredible 300
percent increase over 2019 for a
total of four transactions.”
Three of those four top transac-tions
were on private Figure Eight
Island.
“On August 1st, there were five
houses in the area that were for
sale at $5 million or above and by
September 1st, all five of them were
under contract,” says Intracoastal
broker Buzzy Northen. “That is
why this summer was so extraor-dinary;
these houses sold really
quickly.”
Another facet of the wild 2020
market was the high ratio of homes
sold at close to or above list price.
“It has been a record-breaking
year in real estate in all price
ranges,” Michelle Clark-Bradley
says. “A lot of people were getting
above their asking price, more than
I’ve seen in my 15 years of experi-ence
in real estate.”
The New Hanover County No. 1
and 2 home sales, $5.5 million and
$5.277 million respectively, sold for
96 percent of the listed price.
$5,000,000 | CLOSED OCTOBER 15 $4,950,000 | CLOSED SEPT 11 4 5
188 Beach Road S, Figure Eight Island 1 Surf Court, Figure Eight Island
$3,895,500 | CLOSED OCTOBER 23 $3,775,000 | CLOSED AUGUST 24 9 10
11 S Ridge Lane, Wrightsville Beach 264 Beach Road N, Figure Eight Island
$3,512,973 | CLOSED OCTOBER 12 $3,500,000 | CLOSED AUGUST 26 14 15
6 W Atlanta Street, Wrightsville Beach 11 N Ridge Lane, Wrightsville Beach
$3,135,000 | CLOSED OCTOBER 7 $3,100,000 | CLOSED AUGUST 26 19 20
66 Pelican Drive, Wrightsville Beach 16 N Channel Drive, Wrightsville Beach
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