Wilmington, NC – If the first two months are an indicator, 2019 could prove to be one of the best years ever recorded in the luxury housing market in New Hanover County.
Strong January sales were followed by solid numbers in February. In all, 16 properties, valued at $1 million or more each, were sold in New Hanover County in the first two months of the year. Just For Buyers Realty has been tracking sales on the area’s high end properties since 2000. During that time only one other year had a better start. In 2006, there were 24 high end home sales in New Hanover County during the first two months.
February numbers released on Monday show a total of eight luxury homes sold for a combined total of $13.9 million.
The most expensive home to close in February is located at 807 South Lumina Avenue in Wrightsville Beach. The ocean front home was on the market for 57 days. The property was built in 1996. With just under 4,700 square feet, it features five bedrooms and five and a half baths. The transaction closed on February 26th for $3.2 million.
(807 S. Lumina, Wrightsville Beach photo courtesy Intracoastal Realty)
The positive trend is expected to continue in March. There are currently 22 luxury homes under contract in New Hanover County (10 of which went under contract in February.) If 17 or more of those homes close by March 31, the first three months of the year will go down as the best first quarter in the history of local luxury homes sales.
Meanwhile, only one luxury home sold in Brunswick County during February. None sold in Pender. Both counties saw two homes go under contract during the month.
*Luxury homes 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, Just for Buyer’s Realty Broker in Charge. 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 Kathleen@JustForBuyersRealty.com, or visit www.JustForBuyersRealty.com