In Wilmington and New Hanover County, there are homes and condos for sale in many prices ranges. With its abundance of outdoor activities and beautiful weather, the area is popular with many higher-end home buyers.
In New Hanover County there are currently 220 homes for sale with list prices of $1,000,000 or higher. Many of these are waterfront. Popular areas for these higher end home buyers include Landfall, Wrightsville Beach, Figure Eight Island and Kure Beach.
The average sales price per square foot of these homes in Wilmington was $123, and the average sales price for these Wilmington homes was $272,553. The average Days on Market was 127 days.
In 2009 666 homes SOLD in the $200,000 to $400,000 price range according to WRAR. So 2010 saw a 5% increase in the total number of sales. The average sales price per square foot in this price range for 2009 was $130, so there was a drop on average of $7 per square foot. In 2009, the average Days on Market was 142, so homes on average sold in 19 fewer days, potentially a very good sign.
In 2009, there were 20 homes in Wilmington area that sold above $1,000,000. With the highest at $3,400,000. All of the 6 most expensive homes to have sold did so on Figure Eight Island.
In 2010, there were 28 homes that sold over $1,000,000, with the highest home sales price on Figure Eight Island at $4,000,000.
So compared to 2009, 2010 saw more higher end homes sell, and at higher price points.
The condo market sales slowed in the Wilmington in 2010, in part due to tougher financing regulations. 194 condos sold in the Wilmington area in 2010, compared to 205 in 2009.
With regards to specific neighborhoods in Wilmington… Homes in Landfall start in the 400’s, but quickly reach the $1,000,000+ price point. Landfall is a beautiful golfing and resort styled gated community that is located minutes to the beach.
Wrightsville Beach offers a laid-back lifestyle that is within minutes of great shopping and dining. It has some of the nicest sand and beaches on the East Coast.
Figure Eight Island is a barrier island with gated access, and is home to many celebrities and well know figures. It is located just to the North of Wrightsville Beach. Homes in Figure Eight Island range into the multi millions. There is a nice marina as well.
Kure Beach is located at the southern tip of Wilmington. This one traffic light town is about as cut as it gets….being a “local” is about as good as it gets. Be sure to check out Freddie’s Restaurant, and Bud 7 Joes Tavern. Take a stroll on the pier, and visit Ft Fisher. There is no area with more natural beauty than Kure Beach, NC.