Print
Real Estate - Residential

High-end Home Sales Increase In October

By Staff Reports, posted Nov 2, 2021
October luxury sales included the 7,300-square-foot home on 313 Fair Lakes Drive. The five-bedroom home was built in 2019 and sold for nearly $2.3 million. (Photo courtesy of Intracoastal Realty)

Luxury home sale numbers in the Wilmington area climbed again in October, continuing a 17-month streak of year-to-year sale increases, according to a report released Tuesday. 

The streak for New Hanover, Brunswick and Pender counties started in June 2020, when experts say COVID-19 worries led people to flee larger cities and move to less-congested areas, a news release stated.

Last month's statistics, compiled from the N.C. Regional Multiple Listing Service, show that high-end homes are still selling at a record pace.

“The October numbers surprised me,” said Scott Saxton, agent with Wilmington-based residential real estate firm Just For Buyers Realty, in the release. “We have seen the first signs of a slow down when it comes to lower-priced homes. Anything under $1 million dollars, overall sales are down about 12% to 17% from where they were last year. But it’s a different story when you look at homes priced at $1 million or more. That is still a very hot market.”

Last month, 54 luxury homes sold for a combined value of $90 million, according to the release. That's compared to 46 luxury homes sold in October 2020 that had a combined value of $82 million.

Nine of the homes that sold last month were located in the Landfall subdivision.

In addition to home sales, another 63 luxury properties went under contract in October and 62 debuted as listings.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Cfss headshots parker robert webversion 21422121214

AI Is Driving Up Rates -- and Battery Value

Robert Parker - Cape Fear Energy Systems
Ba1e4a78 34b5 4083 938e 2d270f78d36b2

De-Escalation: The Missing Link in Workplace Safety and Team Performance

Bill Praschak - Fully Loaded Defense LLC
Screenshot2026 10 05at334 10626110955

Your Business Isn't Ready to Sell Just Because You Are

Trey Blalock - Fourscore Business Law

Trending News

Tech Wilmington: Upcoming Events Calendar

Staff Reports - Oct 6, 2026

Hemp Industry Caught In Legal Weeds

Cece Nunn - Oct 7, 2026

Election 2026 Q&A: N.C. Senate Candidates Share Their Views

Staff Reports - Oct 7, 2026

Carolina HealthWorks Gains Ground As Small Business Health Insurance Costs Rise

Cierra Noffke - Oct 5, 2026

State's Certificate Of Need Requirements Draw Scrutiny

Cierra Noffke - Oct 7, 2026

In The Current Issue

State's Certificate Of Need Requirements Draw Scrutiny

A CON law prohibits healthcare providers from building certain medical facilities, developing new health services or acquiring certain medic...


Machine Firm Molds Plan For Growth

Now under the ownership of Yousry Sayed, the founder of Quality Chemical Laboratories, Wilmington Machinery is eyeing business growth....


County Buildings Rise In Burgaw

New buildings have opened or will soon open in Burgaw this year to support growing Pender County, including a new law enforcement center and...

Book On Business

The 2026 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season