WALLACE says the top 35 New Hanover
County sales, which totaled $121 million,
averaged 95.19 percent of list price. The
average price per square foot for these
sales was $778 per square foot. The high-est
price per square foot was $1,575. The median days-on-market
was just 55 days.
The strong market happened despite pandemic constraints,
including restrictions on in-person showings.
“Sellers didn’t really want people in their homes,” Clark-Brad-ley
says. “There was just so much uncertainty and that created
fear. That’s really why things stopped and showings declined.”
Realtors adjusted by using technology.
“We saw an increase in virtual tours and FaceTime
appointments as a result of COVID and a heated market,”
Vance Young says. “There were a number of clients that
could not come to town quick enough to see a property
before it went under contract. I had a wonderful couple from
England that bought a house off Airlie Road sight unseen.
They had family in the area, so I met the local family at the
house and we FaceTimed with the buyer in England. It’s
great because I pass them on my morning walk around the
loop nearly every morning (they’re running) and they are
very happy here!”
2020 TOP RESIDENTIAL LAND SALES NEW HANOVER COUNTY
Sold Price Sold Date Address Road
40
WBM february 2021
Frontage
Water
Frontage
Total
Acres
1 $6,600,000 11/25/2020 7500 Masonboro Sound Road, Wilmington 490 65
2 $3,360,000 10/30/2020 123 S Lumina Avenue, Wrightsville Beach 100 100 0.56
3 $3,200,000 12/31/2020 16 Pelican Drive, Wrightsville Beach 63 63 0.2
4 $2,750,000 11/9/2020 88 Beach Road S, Wilmington 100 100 0.56
5 $2,750,000 12/17/2020 2508 Shandy Lane, Wilmington 267 171 1.87
6 $2,600,000 7/16/2020 272 Beach Road N, Wilmington 100 94.45 0.75
7 $1,800,000 3/27/2020 14 & 18 E Raleigh Street, Wrightsville Beach 50 50 0.23
8 $1,765,000 12/7/2020 7171 Carolina Beach Road, Wilmington 56 55.7 11
9 $1,750,000 8/19/2020 225 Summer Rest Road, Wilmington 98 0 0.58
10 $1,625,000 8/7/2020 257 Beach Road N, Wilmington 104 119 0.44
INTRACOASTAL REALTY CORPORATION