Print
Real Estate - Residential

Which Area Neighborhoods Top The Charts In Home Sales?

By Cece Nunn, posted Dec 15, 2021
St. James beat out other communities in the Cape Fear region for the highest number of homes sold in 2021, according to a real estate firm's study. (File photo)

In a study conducted by a Wilmington-based residential real estate firm, St. James in Brunswick County beat out other communities in the Cape Fear region for the highest number of home sales in 2021.

The growing master planned development, which incorporated as the town of St. James in 1999, recorded 375 sales between December 2020 and Nov. 30 of this year, with an average price of $517,502. That’s according to statistics compiled from the N.C. Regional Multiple Listing Service by Doug Wahl of Wilmington-based Just For Buyers Realty.

During the same period last year, 330 homes sold in St. James with an average price of $443,000, the Just For Buyers report stated.

St. James amenities include 81 holes of golf, four clubhouses and restaurants, a marina on the Intracoastal Waterway, swimming pools and tennis courts.

“I think it's one of these all-inclusive communities that people look to retire to from other states and they do a great job of marketing their properties nationwide,” said Scott Saxton, broker with Just For Buyers Realty.

He said he thinks the development’s home sale numbers this year are “the fruits of that labor.”

Four of the top five neighborhoods in sales in the tri-county region are located in Brunswick County, the report showed. The county is one of the fastest-growing areas in the state and nation, according to Census numbers. 

“There’s so much potential for growth,” Saxton said of Brunswick as a whole.

He added, “There’s so much to build on and we’re seeing new communities and subdivisions” enter the planning process at a rapid clip.

A lower-priced neighborhood, Mallory Creek Plantation in Leland, came in third behind Leland's Brunswick Forest. The average price in Mallory Creek is just under $300,000.

"Mallory Creek is a great neighborhood," Saxton said. "You're seeing a lot of young families move in, so it's interesting to see that pop as well with the number of sales."

In the higher-price range, Landfall in Wilmington ranked No. 5 in the study for home sales, with 153 homes sold from December last year to Nov. 30 this year. Tranquil Harbor in Oak Island was No. 4, according to the report.

Luxury properties have been in high demand this year, but Landfall is also popular for a variety of other reasons, said Vance Young of Intracoastal Realty Corp., who is also a Landfall resident.

Those reasons include "proximity to the restaurants, the beach, the shopping, Airlie Gardens – just the convenience factor. It's got world-class amenities. And I also think for years, the gated nature of Landfall wasn't appreciated, but with the rise in crime and violence, not so much locally but nationally, people want that extra layer of security. I think that's been a big deal that has finally been valued by the market."

Regarding the Just For Buyers study, Saxton said, "We knew it [2021] was a big year. We were curious to see which neighborhoods were popping and where folks were moving to, so this was a fun exercise." 

Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government
Pfinder john zachary

What You Need to Know About SECURE 2.0 and Its Effect on Individual Retirement Accounts

John B Zachary - Pathfinder Wealth Consulting
Jane

It’s Child’s Play

Jane Morrow - Smart Start of New Hanover County

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season