february 2022
ANDALL J. Williams of Hardee Hunt
and Williams describes the red-hot
market where lack of inventory drove
prices higher, often in bidding wars as,
“Too much money chasing after too few goods.”
The gated community of Landfall saw a 64 percent
increase in its top sale, a 47 percent increase in average
sales price, and a 28 percent increase in the median
sold price.
On the four barrier islands, Wrightsville saw a
61 percent increase in the top sold, Figure Eight
was just under 4 percent, and Topsail and Pleasure
Island lost ground, with a 6.5 percent and 43 percent
decline respectively in the high dollar sales.
Median and average sales prices saw gains every-where,
the highest at 74 percent in Brunswick County
as buyers galloped to secure their piece of the gold.
“Currently, a confluence of factors is driving people
to our area. Wilmington, while certainly on the
map before COVID, is now on the national radar.
Combine this with the fact that two hours up I-40,
a major city is emerging. Developers, short on land,
materials and labor, cannot keep up with demand,”
says Williams.
With four bedrooms and six baths, selling for
$6.4 million, the second top sale in the tri-county
area was 915 S. Lumina Ave., Wrightsville Beach.
REAL ESTATE ROUNDUP
48
WBM
R
2021 BUILDING PERMITS WRIGHTSVILLE BEACH
Permit Number Main Address Issue Date Description Valuation
BLDR-001626-2021 22 Live Oak Dr 1/14/2021 New Single-Family $850,000
BLDR-001691-2021 15 E Augusta St 2/19/2021 New Single-Family $650,000
BLDR-001711-2021 102 Water St 3/2/2021 New Single-Family $750,000
BLDR-001788-2021 10 W Pelican Dr 4/15/2021 New Single-Family $2,000,000
BLDR-001791-2021 13 E Asheville St 4/16/2021 New Single-Family $900,000
BLDR-001837-2021 101 W Salisbury St 6/7/2021 New Single-Family $650,000
BLDR-001853-2021 400 N Lumina Ave 6/22/2021 New Single-Family $900,000
BLDR-001858-2021 74 W Pelican Dr 6/30/2021 New Single-Family $1,775,000
BLDR-001872-2021 840 Schloss St 7/12/2021 New Single-Family $1,250,000
BLDR-001871-2021 4 Shore Dr 7/12/2021 New Single-Family $1,460,000
BLDR-001920-2021 4 W Atlanta St 9/2/2021 New Single-Family $1,100,000
BLDR-001946-2021 900 Schloss St 9/22/2021 New Single-Family $875,000
BLDR-001966-2021 19 E Raleigh St 10/18/2021 New Single-Family $800,000
BLDR-001979-2021 16 W Pelican Dr 10/26/2021 New Single-Family $1,500,000
BLDR-001983-2021 4 Crane St 10/27/2021 New Single-Family $850,000
BLDR-002017-2021 811 S Lumina Ave 11/22/2021 New Single-Family $1,900,000
BLDR-002019-2021 17 E Raleigh St 11/24/2021 New Single-Family $800,000
BLDR-002022-2021 12 Mallard St Unit A 11/29/2021 New Duplex $1,000,000
BLDR-002023-2021 12 Mallard St Unit B 11/29/2021 New Duplex $1,100,000
Total $21,110,000