Wilmington Market Report | Q1 2023

Wilmington IN FOCUS

JANUARY - MARCH 2023

Locally owned and operated, Mark Batson Group of Landmark Sotheby’s International Realty is one of Wilmington’s most qualified real estate teams. As a sister company to the award-winning design + build firm Tongue and Groove, our group has strong ties in the homebuilding and real estate industries affording us greater flexibility to address and respond to our clients’ needs— Whether it be buying, selling, architecture, home construction, renovations, or property maintenance. By providing exceptional service, in-depth market knowledge, and unmatched marketing opportunities, we can ensure our clients receive every advantage in the market. The direct affiliation with the Sotheby’s Auction House and Sotheby’s International Realty  offers our group an unparalleled global reach allowing our clients the benefit of receiving prime exposure to a network of nearly 1,000 Offices in 75 countries and territories.

GLOBAL REACH BRAND HERITAGE PROVEN RESULTS

WE ARE MBG

Wilmington is a port city in North Carolina. Known for its beautiful clean beaches, locally caught seafood, and active lifestyle, this historic beach town is a perfect mix of small-town charm and big city living. The community of people living in Wilmington, North Carolina, is part of what makes living in the area so exceptional. Due to its rise in popularity, Wilmington has become a culturally booming city amidst a relaxed coastal community.

Average # of Sunny Days: 216

Average Annual Weather Temp: 68

Average Water Temp: 64 -76

IN THE HEADLINES

Ranked North Carolina as the No. 1 State in the Nation For Business

Ranked No. 2 for Economic Outlook

Best Places to Live in NC, Wilmington Ranked #2 Best Beach Towns in North Carolina

From boating to world-class surfing to fishing, Wilmington and the surrounding Island Beaches have their fair share of ways to take to the water.

Privately owned by its homeowners, and only accessible by a single bridge that crosses the Intracoastal Waterway, the island is a rumored haven for celebrities, wealthy CEOs and company owners, and any visitor who just wants a private escape. Though difficult to access, visitors who make the cut by renting or buying a vacation home on the island will be treated to one of the quietest beach landscapes in the area. As a result, Figure Eight Island retains its reputation as one of the most pristine destinations in the coastal Carolinas.

Despite a lack of real estate activity on Figure Eight Island in Q1 of 2023, the market remains stable and consistent with the previous year. While there haven't been any transactions, this could simply indicate a period of relative calm in this luxurious coastal community.

WRIGHTSVILLE BEACH

BEACH

BOATING

Known for its crystal blue water, spacious beaches, and active island lifestyle, this beach town is a highly sought-after destination for residents and visitors. Wrightsville Beach offers boaters many accommodating marinas surrounding the island and is famously known for having some of the best surf on the east coast. As land values escalated over the last 20 years, many older beach cottages were renovated or replaced by larger, modern homes, making the community an attractive option for year-round residents and buyers of second homes and summer houses.

COUNTRY CLUB OF LANDFALL

The largest gated community in Wilmington, Landfall is home to some of the area’s finest properties and lavish amenities, boasting two championship golf courses designed by Jack Nicklaus and Pete Dye, all located only a few short minutes from Wrightsville Beach. Twenty-nine miles of private roads wind around mature oak trees and immaculate landscaping, complementing an eclectic array of award-winning architecture. The community provides 24/7 security and a beautiful, neighborly environment for all with its park areas and private club.

CAROLINA BEACH

BOATING

Find your laid-back beach vibe at Carolina Beach, one of the most down-to-earth, good-time beaches on the Atlantic Coast located just 15 miles from Wilmington. Fun-loving and free-spirited, Carolina Beach offers live music and events, a vintage boardwalk and colorful characters around every corner for a beach community that’s unmistakably Carolina Beach.

KURE BEACH BEACH

Located just 18 miles from Wilmington, here you’ll find the kind of small-town beach you visited as a kid. Home to the oldest fishing pier on the Atlantic Coast, an oceanfront park, a nearby state aquarium and historic fort and beautiful seaside surroundings, Kure Beach provides the perfect setting for you and your family to explore this pure and natural playground. Peek into the past under the windswept live oak trees as you tour the grounds of the largest land-sea battle of the Civil War at the Fort Fisher State Historic Site.

From Wilmington’s vibrant riverfront and scenic Riverwalk that winds around the storied Cape Fear River to three colorful island beaches, there’s something about the water here that surrounds, transforms, and enthralls residents and visitors alike. One destination with four unique settings creates a bounty of vibrant vacation experiences.

JANUARY - MARCH 2023

DISCOVER WILMINGTON

Report based on sales volume from information provided by InfoSparks, a program powered by the North Carolina Regional Listing Service, Inc. as of April 25,2023. All data, including all measurements and calculations of area, has not been, and will not be, verified or guaranteed by broker of MLS nor do they bear any responsibility for the accuracy of the data or information provided. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/ agent presenting the information.