www.wrightsvillebeachmagazine.com
REAL ESTATE ROUNDUP
FIGURE EIGHT ISLAND WITH a closing price of $5.712 million, the top 2021 Figure Eight Island sale — No. 4 in the county — set a
Realtor record for the island. The price was $200,000 over 2020’s top home sale. The buyers of the 4-bedroom,
5-bath home at 8 Beach Road South were local to North Carolina with family in Wilmington.
“One thing that motivates some of my existing customers is to have a special place to pass on to their children,
grandchildren and extended family,” Figure Eight Island Realty’s Kirra Sutton says. “Several even purchased an additional second
home to be able to have family near a property they owned.”
The island saw its sold volume cut by half due to a scarcity of houses for sale. Just 13 properties were sold in 2021, and there was
literally no inventory to purchase on Jan. 1, 2022. (“There were a couple $6 million private sales in 2021,” Intracoastal’s Buzzy
Northen says.) The average sale price was up 23 percent, and the median up 30 percent.
“It’s totally historic, the lack of inventory. It is unprecedented,” says Buzzy Northen.
Figure Eight Island experienced a record low in the number of properties that were offered for sale in 2021. Top: The number 16 sale in
New Hanover County was 534 Beach Road N., which sold for $3.9 million in October. This was 86.67% of the asking price. Above left: The
10th top sale in New Hanover County, oceanfront 146 Beach Road S., sold for $4.5 million, 97.83% of list price. Above right: The number six
sale, a 6,307 sf home at 27 Sandy Point on Banks Channel at Figure Eight Island, sold In August for $5.05 million, 96.19 percent of list price.
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LANDMARK SOTHEBY’S INTRACOASTAL REALTY CORPORATION INTERNATIONAL REALTY
INTRACOASTAL REALTY CORPORATION