Real Estate - Residential

Dec 2, 2022

Bidding opens next week for the online auction of a Wrightsville Beach waterfront home listed for nearly $14 million, with a $100,000 bidder deposit required and no reserve. The custom-built, 8,600-square-foot house off Causeway Drive between the Intracoastal Waterway and the Atlantic Ocean was listed by Wilmington-based Landmark Sotheby's International Realty ...

Nov 21, 2022

Brunswick County Home Sales Down Nearly 17% For The Year

By Staff Reports, posted Nov 21, 2022

Although Brunswick County’s residential real estate market surpassed $2 billion in year-to-date sales in October, the number of units sold declined nearly 17%, according to a report compiled by the Brunswick County Association of Realtors. More than half of all homes sold during October were sold at or above list price, but the number of homes sold during the ...

Nov 18, 2022

Rural Markets Face Slowdown

By Cece Nunn, posted Nov 18, 2022

Although buyers can find lower prices for some homes in rural Southeastern North Carolina versus urban areas, those housing markets face similar challenges in the current economic climate.   Jens Lutz, broker in charge of Bladenboro-based Southeast Properties Real Estate in Bladen County, has been a member of the Brunswick Association of Realtors for nearly 20 years ...

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5 Types of Difficult Tenants Landlords May Encounter – And How to Deal With Them

Posted Nov 14, 2022

As a landlord, you will likely encounter difficult tenants at some point. And, as you might imagine, difficult tenants can be a huge hassle and cause a lot of stress. They can also cost you money if they damage the property or don't pay rent on time. In this ...read entire article
Nov 14, 2022

Affordable Housing Project Receives Crucial Funding

By Johanna Cano, posted Nov 14, 2022

The recent announcement of additional funding for the affordable housing project Starway Village helps bridge project funding gaps amid rising construction costs and chips away at the larger goal of increasing the affordable housing stock in the community. The N.C. Office of Recovery and Resilience (NCORR) announced a $9 million grant for the project, according to a pre ...

Nov 7, 2022

In a deal that officially closed Nov. 3, Mungo Homes paid $15 million for 242 acres off U.S. 17 in Pender County adjacent to Poplar Grove Plantation, with a 62-acre portion of the Abbey Nature Preserve leased and managed by Pender County. "Because it's such an important property, we had multiple offers within a very short time," said Tony Harrington, a Rea ...

Nov 2, 2022

A streak of increased sales in the luxury home market came to an end in October, but not by much. For the first time in more than two years, sales of homes priced at $1 million or more in New Hanover, Brunswick and Pender counties decreased year over year, falling from 53 sold in October 2021 to 50 last month. The combined value in October this year fell to $78.4 mil ...

Oct 28, 2022

Ivester Jackson Coastal Properties, a Wrightsville Beach-based affiliate of Christie’s International Real Estate, recently announced an initiative aimed at providing concierge corporate relocation services for Wilmington’s business community. The company has tapped local corporate relocation specialist and former Keller Williams director of lu ...

Oct 27, 2022

Home Sales Fall 25% In September

By Cece Nunn, posted Oct 27, 2022

The real estate market is slogging through the fall, with a current slowdown acknowledged Thursday by Cape Fear Realtors. Sales dropped nearly 25% in September compared to September 2021, according to a CFR report. “The rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets, which calms market activity. The cost of borrowing has rea ...

Oct 21, 2022

Picking At A Housing Knot

By Cece Nunn, posted Oct 21, 2022

Tanya Self considers herself a good tenant.   “I’m quiet, and I don’t have parties,” said the nearly 60-year-old certified nursing assistant.   But she finds herself in a precarious situation: Self needs a new place to live in Wilmington with Maya, her 17-year-old Chihuahua, but she hasn’t been able to find one that fits her budg ...

Oct 21, 2022

Redfin Launches In Wilmington Area

By Cece Nunn, posted Oct 21, 2022

National residential real estate giant Redfin has taken aim at the coast and the Cape Fear region market by launching in Wilmington. That effort has started with Redfin agent Ken Fitzpatrick, who is based in Sneads Ferry but covers "quite a bit of territory," Fitzpatrick said, from at least Jacksonville to south of Wilmington. The company will "see what k ...

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