• 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

Even with Covid Fears New Hanover County has Best Luxury Month in 15 years

April 2, 2020 By Just For Buyers Realty

Wilmington, NC- In a month filled with so much uncertainly, a plummeting stock market, a worldwide health crisis, and millions filling for unemployment, New Hanover County luxury home sales somehow managed to record their best month well over a decade.

In March, 20 properties with a sales price of $1 million or more were sold county wide. The transactions collectively totaled $44.9 million. That makes March the third best month ever recorded. In June 2005, 27 luxury homes sold in New Hanover County. The next month, July of 2005, saw 23 homes close.

“New Hanover County was very close to matching the all-time record for monthly sales, but six deals fell through this past month,” said Kathleen Baylies, Broker-In-Charge at Just For Buyers Realty. “We can also see the number of luxury homes that went under contract was significantly lower than last March. So, not surprisingly, it appears the growing concerns about the virus are changing the strong trajectory we’ve been seeing in the high-end market.”

The March numbers also helped to shatter a record for the best opening quarter. In the first three months of the year, 42 luxury homes sold in New Hanover County. That tops a mark set in 2007 when 33 homes sold in the first quarter.

One of the properties that closed in March is located on 2601 Shandy Lane. It sold for $1.6 Million on March 20th.  The homes sits on more than two acres off Greenville Sound Road. It features four bedrooms, four and a half baths, in more than 4,200 square feet. Although it has been expanded and modernized over the years, the center portion of the home was built in 1750, allowing it to lay claim to being one of the oldest structures in the county.

(2601 Shandy Lane, Courtesy of Cindy Southerland, Intracoastal Realty)

 

  New Hanover County

March 2020 / March 2019

Brunswick County

March 2020/ March 2019

Pender County

March 2020/ March 2019

Newly Listed 32 29 17 12 3 2
Went Under Contract 10 16 6 5 0 3
Closed # Homes Sold 20 9 2 1 2 2
Total Closed $ Volume $44.9 M $15.1 M $3.1 $1.8 M $2.3 $3.7
Total Current Listings 152 139 74 59 26 11

*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, 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

.

 

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