Real Estate - Residential

Oct 19, 2018

Building, Rebuilding Homes After Hurricane

By Cece Nunn, posted About 4 hours ago

During the week of Oct. 8, some renovation and repair companies at work in the Wilmington area were moving the pieces of their logistics puzzle around to send workers to areas in Florida, Alabama and Georgia that were about to be slammed by Hurricane Michael.   The hurricane hit the Florida Panhandle on Oct. 10 as a Category 4 hurricane that was nearly a Category 5, ...

Oct 19, 2018

Home sales plunged in September as Hurricane Florence disrupted one of the area's busiest industries. But local Realtors say the area's residential real estate market is already showing signs of recovery, not counting delayed September closings, because October contracts are on the rise. Meanwhile, national numbers released Friday show a decline across the count ...

Oct 12, 2018

Developers Buy Downtown Property For $4.35M

By Cece Nunn, posted Oct 12, 2018

Developers paid $4.35 million recently for a little over 5 acres on the northern riverfront in downtown Wilmington with plans to build a $35 million luxury apartment project.  Wilmington-based commercial real estate firm Cape Fear Commercial announced this week that it had closed on the sale of 111 Cowan St., also known as the Upper Dean tract, across from Saw ...

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Chris Coudriet
New Hanover County Government

Resiliency is Key to Economic Recovery After Florence

Posted About 16 hours ago
New Hanover County experienced significant impacts from Hurricane Florence. The preliminary damage assessment across the county is more than $450 million in real and personal property losses.

And that is just one gauge of the storm’s impact on our economy. We cannot quantitatively capture the value in lost economic activity as a result of the storm but suffice it to say, we entire article
Oct 5, 2018

Storm Squeezes Area Rental Market

By Cece Nunn, posted Oct 5, 2018

A rental market that was already tight before Hurricane Florence made landfall near Wrightsville Beach on Sept. 14 has been bogged down in the aftermath of a storm that not only destroyed homes in the region but also damaged some to the point where residents have to relocate.   “In the short term, the loss of rental properties and damage to owner-occupied home ...

Oct 5, 2018

The luxury home market in the Cape Fear region had its worst month in six years in September, according to a report Thursday. Only two high-end homes priced at $1 million or more were sold during the month when Hurricane Florence made landfall near Wrightsville Beach, the report by Wilmington-based firm Just for Buyers Realty said. One of the homes was sold in New Ha ...

Sep 27, 2018

Home Sales: Expecting A Delay, Not A Crash

By Cece Nunn, posted Sep 27, 2018

Just under two weeks after Hurricane Florence made landfall near Wrightsville Beach, Realtors were out showing homes in Wilmington on Thursday to potential buyers. Meanwhile, they've also been putting homes under contract.  Tim Milam, president of Wilmington-based Coldwell Banker Sea Coast Advantage, said while the hurricane has devastated parts of the Cape ...

Sep 21, 2018

Investing In Affordable Housing

By Cece Nunn, posted Sep 21, 2018

A recent high-dollar deal in Wilmington represents not only a little more affordable housing in the city but also a good investment for the buyer, a broker said recently.   Eighty-three downtown Wilmington historical dwellings, which contain 93 rental units, changed hands in August for the second time in a little over two years.   Tom Cruz and John Lewis of T ...

Sep 14, 2018

As the first of Hurricane Florence’s winds began to bluster through Wilmington on Thursday afternoon, Tim Milam remained in his home in Autumn Hall off Eastwood Road. The president of Coldwell Banker Sea Coast Advantage, one of the largest real estate firms in Southeastern North Carolina, Milam said his 19 offices throughout the Cape Fear region and beyond had clo ...

Sep 12, 2018

State events for Realtors that were two years in the making and set to be held in Wilmington starting Saturday were canceled as a result of Hurricane Florence. The State of Real Estate and 'XCHANGE 18 Convention & Expo will no longer be filling hotel rooms and the Wilmington Convention Center, NC Realtors announced on the organization's websit ...

Aug 28, 2018

Community Meeting To Be Held For Townhome Development

By Johanna Cano, posted Aug 28, 2018

A community meeting will be held next week for a conditional use rezoning request for a high-density development planned on property near 5308 Carolina Beach Road. The meeting will be held at the Best Western Plus hotel at 5600 Carolina Beach Road at 6 p.m. Sept. 4. The rezoning would be for the construction of a residential townhome development and the property is a ...

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In The Current Issue

Tourist Attractions On The Mend

As recovery efforts from Hurricane Florence continue, several area attractions remain damaged in her wake. Last month’s unwelcome visitor no...

Insurance Industry Sees A Flood Of Claims

As Ian Archibald awaited the arrival of a State Farm Insurance adjuster at his Wilmington home on Oct. 9, his mind was also on a much more d...

Storm Updates Flew On Social Media

Robert McIntosh, owner of Coastal Cell Phone Repair in Wilmington, made a lot more “friends” than he expected during Hurricane Florence....

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