Wilmington
IN FOCUS
JULY - SEPTEMBER | 2022
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
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.
Wilmington Leland Castle Sandy Creek Northwest Navassa 10 14 39 1 39 5 5 88 270 10 1717 14 US 17 US 74 US 76 US 74 NC 133 US 74 US 76 I 140 US 117 US 17 NC 87 NC 133 NC 133 North Carolina Roan Island Dollisons Swamp Lake Sutton mbusCounty New H a no v er C o unt y WILMINGTON
Castle Hayne Wrightsville Beach 23 420A 420 416A 20 416B 416B 20B-A 23 414 25 US 117 NC 132 NC 132 US 17 US 74 US 17 US 76 133 US 76 Coastal MangementMasonboro Estaurine Resource Pre Figure Eight Island NewHanover Cou n t y Carolina Beach Kure Beach Boiling Spring Lakes NC 132 US 421 NC 87 NC 133 NC 87 NC 133 NC 211 North Carolina Coastal Land Trust: Orton Plantation Holdings, LLC Military Ocean Terminal Sunny Point Coastal MangementMasonboro Estaurine Resource Pre Ehnr Zekes IslandEsturine N e w H an o v e r C o u n t y nt y WILMINGTON LANDFALL WRIGHTSVILLE BEACH FIGURE EIGHT ISLAND CAROLINA BEACH KURE BEACH
Average # of Sunny Days: 216 Average Annual Weather Temp: 68 Average Water Temp: 64 -76
Ranked North Carolina as the No. 1 State in the Nation For Business Ranked No. 2 for Economic Outlook Ranked in the Top 25 for Best Beaches in the U.S. Ranked No. 7 as Small Foodie City in the U.S. IN THE HEADLINES
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.
FIGURE EIGHT ISLAND
BEACH BOATING GATED
owned by its homeowners,
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.
Privately
and only
LIST TO SALES PRICE RATIO Q3 2022 89.4% Q3 2021 98.7% AVERAGE DAYS ON MARKET Q3 2022 70 Q3 2021 35 AVERAGE PRICE/SQFT Q3 2022 $ 1,279 Q3 2021 $ 1,097 NUMBER OF SALES Q3 2022 0 2 4 6 8 10 3 1 Q3 2021 AVERAGE SALES PRICE Q3 2022 0 2M 4M 6M 8M $5,087,333 $4,350,000 Q3 2021
BEACH BOATING WRIGHTSVILLE BEACH
beach town
Wrightsville Beach offers boaters
famously known for having some of the best surf on the east coast.
accommodating marinas
values escalated over the last 20 years, many older beach cottages were renovated or replaced by larger, modern homes, making the community
attractive option for year-round residents and buyers of second homes and summer houses.
LIST TO SALES PRICE RATIO Q3 2022 95.5% AVERAGE PRICE/SQFT Q3 2022 $ 957 AVERAGE DAYS ON MARKET Q3 2022 56 Q3 2021 $ 815 Q3 2021 98.5% Q3 2021 17 AVERAGE SALES PRICE Q3 2022 0 500K 1M 1.5M 2M 2.5M $1,987,143 $1,266,124Q3 2021 NUMBER OF SALES Known for its crystal blue water, spacious beaches, and active island lifestyle, this
is a highly sought-after destination for residents and visitors.
many
surrounding the island and is
As land
an
Q3 2022 0 10 20 30 40 33Q3 2021 21
GATED COUNTRY CLUB OF LANDFALL GOLF SUBURBAN
largest
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.
The
gated community in Wilmington, Landfall is
AVERAGE SALES PRICE Q3 2022 0 500K 1M 1.5M 2M 2.5M $1,224,230 $1,318,965Q3 2021 NUMBER OF SALES Q3 2022 0 10 20 30 40 39Q3 2021 37 LIST TO SALES PRICE RATIO Q3 2022 98.3% Q3 2021 97.5% AVERAGE PRICE/SQFT Q3 2022 $ 315 AVERAGE DAYS ON MARKET Q3 2022 43 Q3 2021 $ 280 Q3 2021 52
CAROLINA BEACH 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. AVERAGE PRICE/SQFT Q2 2022 $ 447 Q2 2021 $ 380 AVERAGE SALES PRICE Q3 2022 0 250K 500K 750K 1M 1.25M $634,899 $503,783Q3 2021 NUMBER OF SALES Q3 2022 0 50 100 150 200 118Q3 2021 93 LIST TO SALES PRICE RATIO Q3 2022 98.4% Q3 2021 100.2% AVERAGE DAYS ON MARKET Q3 2022 24 Q3 2021 18
KURE BEACH
BEACH HISTORIC
18 miles from
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
grounds of the largest land-sea battle of the Civil War at the Fort Fisher State
Site.
Located just
Wilmington, here you’ll find
the
Historic
AVERAGE SALES PRICE Q3 2022 0 250K 500K 750K 1M 1.5M $792,818 $596,912Q3 2021 NUMBER OF SALES Q3 2022 0 15 30 45 60 31Q3 2021 28 AVERAGE DAYS ON MARKET Q3 2022 32 LIST TO SALES PRICE RATIO Q3 2022 98.5% AVERAGE PRICE/SQFT Q3 2022 $ 453 Q3 2021 99.6% Q3 2021 $ 346 Q3 2021 13
WILMINGTON BEACH BOATING HISTORIC
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. AVERAGE SALES PRICE Q3 2022 0 100K 200K 300K 400K 500K $471,604 $405,431Q3 2021 NUMBER OF SALES Q3 2022 0 500 1K 1.5K 2K 1,431Q3 2021 1,085 LIST TO SALES PRICE RATIO Q3 2022 100.4% Q3 2021 100.6% AVERAGE PRICE/SQFT Q3 2022 $ 232 AVERAGE DAYS ON MARKET Q3 2022 17 Q3 2021 $ 200 Q3 2021 16
Total Dollar Volume By Neighborhood
Area
Figure Eight Island
Wrightsville Beach
$4,350,000 $15,262,000 -71.5%
$41,730,000 $41,782,100 -0.1%
Carolina Beach $57,775,808 $59,446,353 -2.8%
Kure Beach
Landfall
$20,475,000 $28,561,317 -28.3%
$45,296,500 $51,439,650 -11.9%
$511,690,379 $580,171,082 -11.8%
JULY - SEPTEMBER 2022
Q3 2022 Q3 2021 % Change
Wilmington
DISCOVER
WILMINGTON
EVERY REAL ESTATE JOURNEY HAS A STORY. If you're selling, let's tell it. If you're buying, let's create it. If you're building, let's design it. Whether you're looking to sell, buy, build, or renovate, our group of professionals are ready to assist you. 910.679.4611 | markbatsonrealty.com Mark Batson Broker, REALTOR® 910.264.1941 John Batson Broker, REALTOR® 910.367.0653 Libby Neil Broker, REALTOR® 916.539.5881
Report based on sales volume from information provided by InfoSparks, a program powered by the North Carolina Regional Listing Service, Inc. as of October 3, 2022. 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.
