• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • Pinterest
  • YouTube

 (910) 202-4813

  info@justforbuyersrealty.com

Just For Buyers Realty Wilmington NC Logo

Houses For Sale in Wilmington NC

Just For Buyers Realty-Exclusive Buyers Agents

  • HOME
  • ABOUT YOU
    • Retiring to the area
    • Looking for a vacation home
    • Relocating for your job
    • I’m a Luxury Buyer
    • Staying In The Area
    • First Time Home Buyer
    • LIFESTYLE INTERESTS ?
      • BOATING
      • BICYCLING
      • EQUESTRIAN
      • FLYING
      • GOLF
      • TENNIS
  • ABOUT US
    • Client Philosophy
    • Our Real Estate Team
    • Join Our Team
  • HOME SEARCH
    • Basic Search
    • Map Search
    • Advanced MLS Search
    • MLS Address Search
    • MLS ID Search
  • RESOURCES
    • Local Events
    • Utilities Info
      • Surf City Pender County Utilities
      • North Topsail Utilities
      • Topsail Utilities
      • Carolina Place Utilities List
      • Castle Hayne Utilities
      • Hampstead Utilities
    • School Info
      • New Hanover County Schools
      • Brunswick County Schools
      • Pender County Schools
      • School Search Tool
    • Better Buyer Process™
    • Local Tax Rates
    • North Carolina Title Insurance Premium Rates
    • About Our Neighborhoods
    • Glossary of Real Estate Terms
  • FEATURES
    • Cape Fear Community News
    • Best Deals On The Market
    • Unique Homes
    • Luxury Home Reports
  • Contact

2017 Luxury Home Sales Continue to Strengthen

March 8, 2017 By Just For Buyers Realty

PRESS RELEASE
Contact: Kathleen Baylies
910-470-3190

March 7, 2017
For Immediate Release

luxury home wilmington nc
7527 Masonboro Sound Road and two adjacent lots came on the market in February for $5.75 million. Photo © Landmark Sotheby’s International. Used with permission.

WILMINGTON, NC – Sales of luxury homes in New Hanover, Brunswick and Pender counties continued to make a strong showing during the month of February.

Nine homes with a total value of $14.79 million sold.  That compares to six valued at $10.92 million in February 2016.

The number of available high-end homes grew, too.  Thirty-two new listings came on the market this February, compared to 15 during the same month in 2016.

Of particular note among the new listings was the addition of an ultra-luxury property priced more than $5 million.  The home at 7527 Masonboro Sound Road and two adjacent lots came on the market for $5.75 million.  This is one of only five single family homes priced in excess of $5 million currently available in the tri-county area.

Homes with asking prices higher than $5 million are relatively rare in our area.  Since 2000, there have been only 30 such listings and only three of those actually sold.  To have five such properties on the market at once is quite unusual.

The property at 7527 Masonboro Sound Road sits on more than seven acres overlooking Masonboro Sound and Masonboro Island.  The house was designed by architect Henry Bacon, who also designed the Lincoln Memorial.  This historically significant Italian Renaissance style home was built in 1913 and is almost 7,000 square feet with six bedrooms and seven bathrooms.

For more detail on recent activity in the luxury market, see the chart below.

  New Hanover County

Feb 2017 / Feb 2016

Brunswick County

Feb 2017 / Feb 2016

Pender County

Feb 2017 / Feb 2016

Newly Listed 18 13 10 1 4 1
Went Under Contract 7 4 6 1 1 1
Closed # Homes Sold 7 5 2 1 0 0
Total Closed $ Volume $12.64m $9.92m $2.15m $1.00m $0 $0
Total Current Listings 136 136 75 79 15 n/a

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

This report was compiled by Just For Buyers Realty, the largest exclusive buyers agency in southeastern North Carolina.  If you’re shopping for a luxury home in the greater Wilmington area, including Wrightsville Beach, Figure Eight Island, Kure Beach or along the Intracoastal Waterway, call Just For Buyers Realty at 910-202-4813.  Our Exclusive Buyers Agents pride themselves on being consumer advocates, not sales people.  You can count on them to do the research and provide you with the pertinent information you need to make well-informed choices.

#####

Primary Sidebar

We’re Ready To Help You ▷


0 / 180


MLS Search Tools

 Home Search

  Map Search

 By Address

 ID Search

READY TO FIND YOUR NEW HOME?

Just For Buyers Realty is specifically built for home buyers. Start your home search now.

Footer

Contact Just For Buyers Realty

Office: (910) 202-4813

Email: info@justforbuyersrealty.com

Office Location
5 Silva Terra Drive, Suite 140
Wilmington, NC 28412
Map It

Looking for an EBA in another area?

Find An EBA
Privacy Statement (US)
Opt-Out Preferences
Disclaimer