Print
Real Estate - Residential

April Sees Influx Of Luxury Homes Listed, Including Priciest In New Hanover Co.

By Cece Nunn, posted May 13, 2019
The property at 7319 Carolina Beach Road is listed for sale for $7.8 million. (Photo courtesy of Michelle Clark of Intracoastal Realty)
Dozens of houses with asking prices of $1 million or more coasted onto the market last month, including what's currently the highest-priced listing in New Hanover County, according to a recent report.

Luxury home sales continued at a steady pace in April, and 53 high-dollar dwellings were added to the market's inventory: 39 in New Hanover County, 10 in Brunswick County and four in Pender County, stated the report, compiled by Wilmington-based residential real estate firm Just For Buyers Realty.

The luxury property with the biggest price tag in New Hanover County, $7.8 million, is located on 10 acres at 7319 Carolina Beach Road and includes a 6,200-square-foot home, an 1,100-square-foot carriage house, a 3,388-square-foot pool house and a 1,673-square-foot guest home.

"This is the time of year when people are putting their homes on the market," said listing agent Michelle Clark, broker and Realtor with the Michelle Clark Team of Intracoastal Realty.  "We’re seeing more sell, whether it’s a $1 million or $3 million-plus home. We’re seeing a lot more activity than we have in years past so that is very encouraging, not only for our market but just for the economy in general."

Among its many amenities, the property at 7319 Carolina Beach Road has an indoor lap pool and a circular pool, a movie screen, bar and screened-in porch with a wood-burning fireplace. The architect was Michael Moorefield and the builder was Fred Murray of Murray Construction Co., Clark said.

"It’s definitely worth seeing. It’s just a very, very special and unique property," Clark said.

Kathleen Baylies, broker in charge at Just For Buyers Realty, described more trends shown by the April luxury home sales report, which was compiled from data pulled from the N.C. Regional Multiple Listing Service. 

"Even with the significant number of new listings, the area's overall inventory is down from year to year," she said in the report. "That has a big impact on the rising price trend we're seeing with luxury homes."

In terms of sales in April, the report said, 12 high-end homes sold (two more than in April 2018), nine in New Hanover and three in Brunswick, while 21 other luxury homes went under contract. Those sales are expected to be finalized this summer. Only five homes priced at $1 million or more were under contract during the same month last year.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshot2

From Adverse to Advantageous: How the Adult Studies Program Equips Learners to Thrive

Dani Somers - North Carolina Wesleyan
Michaelhiggins 41019104338

Oleander Memorial Gardens Offers New Final Family Resting Places

Michael Higgins - Dignity Memorial
Carolinemontgomery4

Business Owner Frustrations

Caroline Montgomery - Adam Shay CPA, PLLC

Trending News

More Retail Tenants Announced For RiverLights In Wilmington

Cece Nunn - Jul 22, 2019

Proclaim Interactive Acquires Raleigh Marketing Agency

Johanna Cano - Jul 22, 2019

In The Current Issue

Museum Director Appointed To Statewide Museum Board

Bellamy Mansion Museum officials announced that executive director Gareth Evans was appointed to the N.C. Museum of History Associates Inc....


Building UNCW's Future

In his first year as chancellor of University of North Carolina Wilmington, Jose Sartarelli led the development of a fiveyear strategic plan...


Hammering For More Of The Market

A Wilmington-based hammer manufacturer is making more than 580 different varieties of one of the world’s simplest tools....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018