Real Estate - Residential

Apr 19, 2018

Homeowners Insurance Rate Increase Capped At 5.5 Percent

By Christina Haley O'Neal, posted Apr 19, 2018

A legal dispute between the state department of insurance and the N.C. Rate Bureau (NCRB) has settled with a negotiated rate increase of 4.8 percent statewide. That is down almost 14 percent lower than the rate of 18.7 percent originally proposed in November, according to a news release from the N.C. Department of Insurance. The rate increase will take effect Oct. 1. ...

Apr 18, 2018

Brunswick County Home Sales Rise In Key Indicators

By Jenny Callison, posted Apr 18, 2018

The Brunswick County Association of Realtors just logged one of Brunswick County's best sales months in years, according to statistics released this week by BCAR. “We saw more homes sold in March than in any month from 2011 through 2016, and total sales volume for the first quarter outpaced last year by 26 percent,” BCAR CEO Cynthia Walsh said in a ...

Apr 13, 2018

Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage today launched an effort to expand its luxury market share locally, in the U.S. and internationally via a corporate program called Global Luxury. "We've been involved already with high-end homes, but we also felt like we could take this to another level by the program that's b ...

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Apr 9, 2018

A private equity firm has purchased a rental townhome community in Wilmington for a little over $30 million. Spyglass Capital Partners bought Myrtle Landing, a 144-unit townhome neighborhood at 7220 Myrtle Grove Road in Wilmington, in a $30.25 million transaction, according to a deed registered in New Hanover County. Built last year, Myrtle Landing was developed and ...

Apr 6, 2018

Rental Home Market Going Strong

By Cece Nunn, posted Apr 6, 2018

In the long-term house rental market, rents are going up while inventory in some cases is in short supply. At the same time, investment in the rental home market is on the rise. “We’re getting more investors this year. I’m seeing that there’s a lot of people that want to get into the Wilmington market just because it has so much growth potenti ...

Mar 23, 2018

Today is the last day to comment on dwelling insurance rates proposed by the N.C. Rate Bureau, either via email or in person during a public comment forum in Raleigh that lasts until 4 p.m. today. Tyler Newman, president and CEO of local business and industry advocacy group Business Alliance for a Sound Economy, will be presenting BASE's opposition, particularly to ...

Mar 23, 2018

UNCW As A Commercial Activity Driver

By Cece Nunn, posted Mar 23, 2018

A city that contains a major university has an advantage over other communities when it comes to commercial real estate, brokers say. Wilmington’s largest higher educational institution is the University of North Carolina Wilmington at 601 South College Road, along a heavily developed and traveled corridor. “UNCW’s population of nearly 17,000 studen ...

Mar 9, 2018

Some Buyers, Sellers Await School Maps

By Cece Nunn, posted Mar 9, 2018

The New Hanover County Board of Education was expected to make a decision this month on a map that would have changed which high school some students attended. But the board delayed that decision until next year, leaving some potential homebuyers sitting on the fence. It’s not an unusual situation for a community to have. Past surveys, including a 2013 study by Re ...

Mar 7, 2018

A redevelopment project expected to replace a shopping center on South Kerr Avenue got the green light from city officials Tuesday after its developers added townhomes to the plan. Kerr Station Lofts, which would replace Kerr Station Village on South Kerr Avenue, will include 139 apartments and 19 townhomes, with the townhomes facing Jacksonville Street and Franklin Ave ...

Mar 2, 2018

High Dollar Sale: Mansion Goes For $4.9M

By Cece Nunn, posted Mar 2, 2018

A Wilmington property that includes a mansion designed by Lincoln Memorial architect Henry Bacon has sold for $4.9 million, a real estate firm announced Friday, in a deal hailed as the highest-priced residential sale in New Hanover County in more than 10 years. The property, called Live Oaks and also referred to as the Parsley Estate after the original family that owned ...

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