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2022 Neighborhood Awards

January 10, 2023 By Just For Buyers Realty

When you devote your life to working with buyers, you quickly learn that people are not just looking for the perfect home. What they really want is the perfect home in the perfect community. Some want neighborhoods stacked with all the amenities; the community pool and clubhouse, maybe a golf course or nature trail. Others want just the opposite – they’re looking for a place with no HOA that will allow them to store their boat adjacent to their home.
In 2022, throughout the Cape Fear Region, a total of 12,251 homes sold, from 274 different neighborhoods. Just For Buyers Realty Social Media Director Doug Wahl combed through each sale. His work gives us a better understanding what areas are growing in popularity, and what communities were favored by buyers.
For the second year in a row, we are proud to present our JFBR Neighborhood awards.

BIG MAN ON CAMPUS AWARD

If you judge popularity, when it comes to real estate and neighborhoods, by the total number of sales, then Brunswick County is the home of the coolest cliques. In 2022 the top four  neighborhoods in sales were located in Brunswick County. Leading the pack for the second year in a row is  St. James Plantation, a large community with many amenities located in Southport. St James Plantation offers 81 holes of golf, with four clubhouses and restaurants, a marina with 475 boat slips on the Intracoastal Waterway along with swimming pools, tennis courts, and many other outdoor recreation activities. In 2022 a total of 296 homes sold in St James with an average price of $614,533 (compared to 2021 when a total of 375 homes sold with an average price of $517,502.)

 

Top Five most popular neighborhoods

NEIGHBORHOOD LOCATION NUMBER OF SALES AVERAGE PRICE
St. James Southport/

Brunswick County

296 $614,533
Brunswick Forest Leland/

Brunswick County

252 $526,204
Tranquil Harbor Leland/

Brunswick County

187 $486.042
Sea Trail Plantation Oak Island/

Brunswick County

131 $437,469
Landfall Wilmington/

New Hanover County

120 $1,207,040

TALK OF THE TOWN AWARD

The neighborhoods that finished in first and second place for single family homes, also finished in first and second place for most sales of townhomes. That is a sign that buyers in all price points are interested in communities with a lot of amenities. Finishing in third place in the Talk of the Town category is a brand new community in Wilmington. Construction at the Townes at Lewis Creek started in 2021, with the bulk of the homes hitting the market in 2022. Unlike the two communities that ranked higher in sales, the Lewis Creek development does not offer a lot of amenities, but it still attracted plenty of buyers with units that average 2,000 square feet and that started in the low $300’s.

 

Townhome Community LOCATION NUMBER OF SALES AVERAGE PRICE
St. James Southport, Brunswick County 60 $491,501
Brunswick Forrest Leland, Brunswick County 56 $412,028
Townes at Lewis Creek Wilmington , 28405 46 $331,456
Ibis landing Leland, Brunswick County 32 $289, 282
Calabash Lakes Carolina Shores, Brunswick County 28 $285,732

THE HURRY, HURRY, HURRY AWARD

This award is given to those communities where homes did not stay on the market very long.

You’ve heard the stories, especially during the summer months, of homes coming on the market in the morning and then being under contract by mid afternoon. Our relocation experts watched that scenario play out over and over again in 2022. Still, it would be virtually impossible for a neighborhood to go the entire year while maintaining an average of zero days on the market.

Five neighborhoods managed to pull off an average of just two days. Collectively these communities share the Hurry Hurry, Hurry Award,  because they forced buyers to move very quickly.

Neighborhood LOCATION Average Days on the Market AVERAGE PRICE
Chatham Glen Ocean Isle Beach, Brunswick County 2 Days $313,632
Cypress Grove Hampstead, Pender County 2 Days $255,575
Seaspray Cove Southport, Brunswick County 2 Days $312,733
Weatherwood Wilmington, 28405 2 Days $277,778
Whitney Pines Wilmington, 28411 2 Days $292,950

THE MORE THAN WE ASKED FOR AWARD

Once again in 2022 buyers were willing to go into their wallets and paying more than sellers were asking for- actually way more. Last year the winner of this award was a community where the average price was $16,608 over the listed price. This year, four communities shattered last year’s mark.

Top five neighborhoods where the average sale price was above the average asking price:

Neighborhood LOCATION Homes Sold AVERAGE PRICE DIFFERENCE
Crown Pointe Hampstead, Pender County 27 $27,211
Anchors Bend Wilmington, 28411 13 $18,822
Inland Greens Wilmington, 28405 15 $17,653
Covil Estates Wilmington, 28405 15 $17,239
Johnson Farms Wilmington, 28412 21 $16,088

 


THE LET’S MAKE A DEAL AWARD

Even in a competitive market buyers were able to find deals. The greatest leverage belonged to those shopping in the luxury market. Properties on the extreme high end were still going below the seller’s asking price. The greatest disparity was found in Oak Island’s W. Long Beach community. A total of 17 homes sold in the Brunswick County neighborhood. The average asking price was $1,198,394 but the average sale price was nearly $70,000 lower at $1,128,747.

Top five neighborhoods where the average price was below the average asking price:

Neighborhood LOCATION Homes Sold AVERAGE AMOUNT UNDER ASKING PRICE
W. Long Beach Oak Island, Brunswick County 17 –       $69,667
Islander Resort Ocean Isle, Brunswick County 14 –      $54,586
BHI Bald Head Island, Brunswick County 31 –       $45,960
Yaupon Beach Oak Island, Brunswick County 21 –        $42,790
New Topsail Beach Topsail Beach, Pender County 28 –        $31,982

 


THE KING OF THE CONDOS AWARD

The two most popular locations for condominiums in the Cape Fear Region were communities on golf courses in southern Brunswick County, and neighborhoods in Wilmington’s midtown area. Leading the way with the most sales was Crow Creek in Calabash. This is a large amenity rich neighborhoods, with patio homes, single family homes, large estates and a section of condos that overlook the golf course. In 2022 a total of 53 units sold in the community for an average price of $272,168.

Top five most popular condominium communities.

Neighborhood LOCATION Homes Sold AVERAGE PRICE
Crow Creek Calabash, Brunswick County 53 $272,168
Brunswick Plantation Calabash, Brunswick County 48 $223,267
Bellingham Park Wilmington, 28412 39 $185,984
Breezewood Wilmington, 28412 39 $234,328
Sea Trail Plantation Sunset Beach, Brunswick County 37 $255,646

 


THE NEW KID ON THE BLOCK AWARD

Buyers who were looking for something new had a lot of options in 2022. Many existing communities, some that have been around for years, still have empty lots for sale waiting for a new construction home to be built. We did not consider those existing communities for this award. To take the coveted spot as the New Kid on the Block the bulk of the homes in the communities had to come on the market in the last 12 months. The most popular new community is Eagle Run in Carolina Shores.

Top five most popular new communities:

Neighborhood LOCATION Homes Sold AVERAGE PRICE
Eagle Run Carolina Shores 61 $393,982
Dabney Park Leland 33 $314,851
The Highlands at Boiling Spring Lakes Boiling Spring Lakes 28 $281,933
The Lakes at Pine Forest Oak Island 22 $474,669
Olde Georgetowne Bolivia 16 $256,796

 

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