WILMINGTON LANDMARK ONE OF NEW LUXURY LISTINGS FOR JUNE

WILMINGTON, NC – One of the most recognizable homes in downtown Wilmington is now on the market. The Graystone Inn, located at 100 South 3rdStreet, is a massive 15,000 square foot home with 12 bedrooms and 13 bathrooms. The asking price is $2,500,000.

                                (Photo Courtesy of B. Bentor Landmark Southebys Realty)

The bed and breakfast was built in 1905 as the private home of Elizabeth Bridgers. At the time of the construction, Mrs. Bridgers was the widow of Preston Bridgers, who was the son of Robert Rufus Bridgers, the founder of Wilmington/Weldon Railroad Company.

Since it was transformed into a bed and breakfast in 1982, the home has been featured in a number of movies and television shows and, according to published reports, has hosted notable guests like Alan Alda, David Brinkley, Dennis Hopper, Tom Cruise, Peter Falk, Jay Leno and Michael Strahan.

The Graystone Bed and Breakfast is one of the 19 luxury properties listed in New Hanover County during the month of June, but that number is down from the 23 homes that went on the market in June of 2017.

Brunswick County also saw a decline in the number of new listings of luxury homes compared to a year ago. In June of 2017, 11 homes debuted and that number slipped to only five in last month. Pender County had one newly listed home in both June 2017 and June 2018.

The June luxury report suggests prices of high end homes are increasing in New Hanover County, where the number of properties that sold in the month of June was slightly less than a year ago, however the total dollar volume was 33% higher.  In June 2017, eleven luxury homes sold for a total value of $14.5 million. This past June, only ten homes sold in the county, but the total value was $19.3 million.

In Brunswick County, four homes sold for a total value of $5.1 million.  No luxury homes were sold in Pender County during the month of June.

Currently there are 242 luxury homes on the market. Of those, 141 are in New Hanover County, 85 are located in Brunswick County, and 16 are in Pender County.

New Hanover County

June 2018  / June 2017

Brunswick County

June 2018  / June 2017

Pender County

June 2018 / June 2017

Newly Listed 19 23 6 11 1 1
Went Under Contract 10 15 6 0 1 0
Closed # Homes Sold 10 11          4 3 0 1
Total Closed $ Volume $19.27m $14.5m $5.1m $3.91m           0 $1.3m
Total Current Listings 141 142 85 85         16 19

* Luxury homes are defined as those priced at $1,000,000 or higher. Statistics are from the North Carolina Regional Multiple Listing Service.

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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