New Hanover County Sets September Luxury Home Sales Record

 

The property at 202 Nun Street, known locally as The Verandas, is one of the 16 new luxury home listings  in New Hanover County
to come on the market during September. The home is listed for $2,199,000. Photo © Intracoastal Realty Corp. Used with permission.

WILMINGTON, NC – Sales of luxury homes in New Hanover County set an all-time high for the month of September. Eleven homes with a total value of $21.29 million sold. That compares to the next busiest September in 2009 when nine luxury homes totaling $16.42 million sold.

While not setting a monthly record, sales of million dollar homes in Brunswick County were also robust. Five properties with a combined value of $6.71 million closed, compared to two properties totaling $2.28 million in September 2016.

The trend for record numbers in New Hanover is expected to continue, with ten additional homes going under contract last month.

“Buyers who fuel the luxury market are feeling more confident about committing to high-end homes,” say Kathleen Baylies, Broker in Charge at Just For Buyers Realty. “We’re seeing a high level of confidence in the stock market and that causes people to feel good about their own job security and the prospect for future growth. Buyers are feeling as if a luxury purchase is less risky than they did a few years ago.”

The property at 202 Nun Street, known locally as The Verandas, is one of the 16 new luxury home listings in New Hanover County to come on the market during September. The meticulously renovated Italianate mansion currently operates as a four-diamond bed and breakfast in the heart of the downtown historic district. It features eight guest rooms complete with en suite baths. In addition, there is a two-bedroom apartment on the lower level of the home. The home is listed for $2,199,000.

This report is presented by Kathleen Baylies, Broker in Charge at Just For Buyers Realty. As the name implies, Just For Buyers Realty serves only buyers. In a state where buyers purchase real estate at their own risk, the company’s mission is to serve as Superheroes for Buyers, using all of the secrets of the trade to protect buyers at every stage of the process.

Contact Just For Buyers Realty by calling 910-202-4813 or by e-mail at [email protected], or visit www.JustForBuyersRealty.com.

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