WRIGHTSVILLE BEACH MARKET FLEXES MUSCLES WRIGHTSVILLE saw a 39 percent increase
more than $16 million (see chart on page 52).
“The 2020 real estate market in Wrightsville Beach was nothing
less than extraordinary,” says Luke A. Waddell, CEO of Cadence
Realty. “We continue to see increasing values in our local market
Above: 230 Seacrest
Drive on Motts Chan-nel
was No. 22 in
New Hanover County
with a sold price of
$3 million. Right:
Looking south over
Wrightsville, Duner-idge
Estates can be
seen at bottom right.
in sold volume, with a 30 percent increase
in properties sold. Days-on-market dropped
36 percent. The average sold price was more
than $1 million. There were 10 lot sales total-ing
as remote work becomes the norm and buyers across the country
clamor to get to the coast.”
Thirteen of the top 35 homes sold in New Hanover County were
in Wrightsville Beach. Seven of those were located on Harbor Island,
including three on North Channel Drive.
“As a whole, Wrightsville Beach has been very, very hot. It has
been the strongest I remember since 2004,” Jessica Edwards
says. “You see things selling at high prices and inventory going very
quickly. We didn’t really see the lull we expected in the market.
INTRACOASTAL REALTY CORPORATION
INTRACOASTAL REALTY CORPORATION
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WBM february 2021