SOLD IN NEW HANOVER COUNTY 2021
4 $5,712,000 | CLOSED AUGUST 6 5 $5,207,960 | CLOSED JUNE 14
9 $4,500,000 | CLOSED MAY 24 10 $4,500,000 | CLOSED AUGUST 6
14 $4,025,000 | CLOSED MARCH 19 15 $3,975,000 | CLOSED MARCH 31
19 $3,700,000 | CLOSED JANUARY 13 20 $3,600,000 | CLOSED AUGUST 11
www.wrightsvillebeachmagazine.com
REAL ESTATE ROUNDUP
BCOMING in DROVES UYERS seeking
opportunity, looking
to purchase as a hedge
against inflation, or to
improve quality of life are flooding
the coastal area in record numbers.
“People are moving here in
droves. For the last year we’ve seen
it,” says Tim Milam.
With property scarce in Figure
Eight and Wrightsville Beach, a
door of opportunity is flung wide
open for growth in other beaches.
“Other nearby markets are
amazing, Topsail, Carolina Beach,
Kure Beach, Sunset Beach, you
know Bald Head has hundreds of
lots left. There are tons of other
beautiful beaches, and they are
way less expensive, and some say
they have more charm,” says Trey
Wallace.
He likened the lesser developed
area beaches to the way Wrights-ville
Beach was 15 or more years
ago, he notes most don’t have that
level of infrastructure outside of
them. When you leave Wrights-ville,
you’re in Wilmington. When
you leave these other beaches, you
are in farmland.
All coastal towns are feeling the
steep uptick in prices for land and
homes, and there is a severe lack of
inventory, especially in the island
communities.
“The last two years have been
pretty crazy. There are still fewer
homes for sale now than there were
a year ago. The last statistic I saw
this fall stated there are less than
half as many homes nationwide to
sell than two years ago. Compe-tition
for the limited inventory is
driving prices higher,” says Jessica
Edwards of Coldwell Banker
Seacoast Advantage.
SOLD IN NEW HANOVER COUNTY 2021
8 Beach Road S, Figure Eight Island 7817 Pine Avenue, Bayshore
807 S Lumina Avenue, Wrightsville Beach 146 Beach Road S, Figure Eight Island
17 Augusta Street, Wrightsville Beach 2509 Shandy Lane, Greenville Sound
526 Beach Road N, Figure Eight Island 13 Bermuda Drive, Wrightsville Beach
51
WBM