Homes in New Hanover, Brunswick and Pender counties are selling at a historically rapid rate, according to a report released Monday by Cape Fear Realtors. The trend is continuing to fuel multiple-offer situations for homebuyers and driving prices higher, a news release stated. "Strong buyer demand and limited housing supply shows no signs of easing, pointin ...

Residents have started moving into a 250-unit upscale apartment community at Riverlights, where 20% of the units have already been leased, according to a recent news release. Mosby at Riverlights, 4027 Watercraft Ferry Ave., features one-, two- and three-bedroom units in four buildings near the Cape Fear riverfront. The rent range as of Monday was from about $1, ...

A development firm recently purchased land in northern Brunswick County to create a luxury apartment community, according to an announcement from Capstone Land Sales. Atlanta-based Hathaway Development paid $5.58 million for 22.5 acres within the Westgate community of Leland. The land will be used to develop a 312-unit apartment complex called Exchange at Westgate. & ...

More than triple the number of luxury homes purchased last April were sold during the same month this year, according to a report released Tuesday. In April 2020, more than a month into the coronavirus pandemic shutdown, 10 homes with selling prices of $1 million or more were purchased in New Hanover, Brunswick and Pender counties. Last month, 35 high-end homes sold in ...

A social impact nonprofit organization based in Wilmington is adding 15 more units to its ongoing effort to boost affordable housing in the area. Cape Fear Collective (CFC) is under contract to buy Driftwood, a 15-unit apartment complex off Princess Place Drive, according to an announcement Tuesday. Driftwood is a tax credit project developed 16 years ago by an affil ...

Appliance sellers find themselves explaining it over and over again, at times to overwrought customers.   “It” is an appliance shortage stemming from multiple factors, COVID-19 being the major one, that has been going on for the better part of a year and doesn’t show many signs of stopping.   The “perfect storm” of problems actua ...

Brunswick County’s residential real estate market saw its strongest sales so far this year in March, according to an announcement this week. Sales volume nearly doubled and units sold increased by more than 50%, from 431 to 649 units sold, compared to March 2020, stated a news release from the Brunswick County Association of Realtors. The March sales volum ...

The Wilmington–Cape Fear Home Builders Association recently announced the dates for this year's Parade of Homes. The WCFHBA's 35th Annual Parade of Homes is expected to take place two weekends: Saturday, April 24, and Sunday, April 25; and Saturday, May 1 and Sunday, May 2, with homes open from noon to 5 p.m. each day, according to a news re ...

The region's most expensive home sale record has been broken again, according to a report issued this week. The home at 831 S. Lumina Ave. in Wrightsville Beach sold March 19 for $6 million.  "For 15 years, the highest price on the books stood at $5,264,000 for a property that closed in August of 2005. That record was topped in September 2020 by ro ...

Affordable housing in Wilmington and New Hanover County has been put under the microscope with two new studies delving into the issue.  The studies were commissioned by the Joint City/County Workforce Housing Advisory Committee and presented Monday afternoon to the New Hanover County Board of Commissioners. Before introducing presentations Monday, Dave Spetrino, ...