Wilmington, N.C.- The tri-county luxury housing market posted its best March ever. A total of 65 homes sold during the month for a combined total of $98.4 million. That breaks a record that was set only last year when 52 luxury homes sold for $93.2 million. March became the 22nd consecutive month when luxury homes sales have experienced increases in year-to-year sales. The streak started in June 2020.
In addition to becoming the best March ever recorded on the books, last month fell just short of setting another record. It just missed the all-time mark for most sales, falling short by 5 homes. Instead it goes down as the second most profitable month only behind last May when 71 luxury homes sold for $110 million.
New Hanover County
March 2022 / March 2021 |
Brunswick County
March 2022/ March 2021 |
Pender County
March 2022/ March 2022 |
||||
Newly Listed | 46 | 27 | 38 | 18 | 13 | 3 |
Went Under Contract | 36 | 17 | 26 | 11 | 9 | 2 |
Closed # Homes Sold | 30 | 29 | 24 | 21 | 11 | 2 |
Total Closed $ Volume | $48.9M | $62.8M | $34.3M | $27.7M | $16.7M | $2.6M |
Total Current Listings | 61 | 71 | 53 | 41 | 16 | 9 |
*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 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 scott@JustForBuyersRealty.com, or visit www.JustForBuyersRealty.com