The sale of home sites in a new luxury neighborhood in Wilmington near Wrightsville Beach could be launched as early as the spring of next year. State Street Companies, based in Charlotte, is developing Airlie at Wrightsville Sound, a neighborhood that will include nearly 50 homes sites on 11 acres along Wrightsville Avenue. “The land planning guidelines for Ai ...

In October, one of Dawn Berard’s clients closed on a local home purchase at a mortgage interest rate of 4.5 percent. On Nov. 6, a different client’s mortgage rate was a little over 5 percent. “That’s a pretty significant jump in 30 days, with very similarly situated clients,” said Berard, a residential broker and Realtor who owns Sold Bu ...

A local real estate firm with offices in New Hanover and Pender counties has expanded by purchasing and renovating a house in Hampstead. Sold Buy the Sea Realty did something similar with its Wilmington office in 2014 -- purchasing a house to use as office space for the boutique firm. "They were using it as an office already but it was an old house," said D ...

New Hanover County’s luxury home market fared better in October after its worst month ever recorded in September, according to a report released this week. The report explained that Hurricane Florence, which hit the area Sept. 14, forced real estate, mortgage and law offices to close and delayed inspections and closings, resulting in a weak September. ...

A Virginia-based company that develops, owns and operates apartments, condos and mixed-use projects has purchased St. Andrews Reserve Apartments in Wilmington in a $48.5 million deal. Kettler, headquartered in McLean, Virginia, just outside Washington D.C., bought the 390-unit complex and associated parcels at 814 St. Andrews Drive on Oct. 31 from AGM Wilmington LLC, ac ...

Multiple apartment complexes in the Wilmington area evacuated their tenants in October after finding damage in their buildings from Hurricane Florence.   In letters to residents, property managers stated that damage from Hurricane Florence made the apartment units unsafe for occupation, and as of press time, it was still uncertain for at least two apartment communit ...

Many Wilmington-area homes are still in need of post-storm repairs, but the wait time might be a bit longer for an already strained residential market. Because of Hurricane Florence, Thomas Trades LLC, a company that does custom homes and remodeling, is not capable of taking on any new work for about six to eight weeks, the firm's voicemail message said Wednesd ...

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, ...

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 ...

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 ...