Local officials and others have taken some steps recently to address the Wilmington area’s affordable housing crisis.   Recent news related to affordable housing includes an advisory group’s housing bond recommendation, a boost in funding for some city of Wilmington programs and some private dollars at work on retaining the current stock of lower-cost ho ...

Home sales in Brunswick County recently hit the $1 billion mark, according to statistics released Monday. "Although Brunswick County saw record numbers in 2020, total year-to-date sales reached $1 billion in June of this year, which is two months sooner than last year’s record of August," stated a report from the Brunswick County Association of Realtors. ...

A developer recently bought more than 1,100 acres in southern Brunswick County that could one day hold hundreds of homes. Thomasboro Landco LLC, an entity associated with Alabama-based Criteria Development, purchased 1,137 acres from Stone Farm Investment LLC and other LLCs of the Williamson family, according to a Brunswick County deed and the state corporations divisio ...

A firm with communities throughout the Carolinas and beyond recently paid nearly $9 million for 43 acres zoned for apartments in Wilmington. North Carolina-based Woodfield Investments bought the land, off an unfinished road called Hunters Trail behind Target, from 5016 Hunters Trail LLC, according to a deed recorded June 30.  Woodfield’s plan is to build 4 ...

Real estate brokers Glenn Imboden and Allan Fox know firsthand the growth that has emerged and is on the way in southern Pender County, particularly in an area just over the New Hanover County line.   “When I started in commercial real estate in 2012, I lived in Surf City, and still live in that area, and had to drive the commute to Wilmington,” Imboden ...

The Wilmington apartment market continues to draw development and investors. Cushman & Wakefield announced Thursday that the commercial real estate services firm arranged the sale of two Wilmington apartment communities, Hawthorne Centre North and Hawthorne Lofts South. The buyer, Priderock Capital Partners, a private multifamily asset manager, paid nearly $30 mi ...

A potential apartment development is in the works on property in Wilmington that currently holds the Starway Flea Market and previously held a drive-in movie theater. The flea market, which opened in the mid-1980s, is part of a rezoning request that would change about 15.6 acres on Carolina Beach Road and Washington Street from commercial and business zoning designation ...

Construction on a senior living development in the Leland area is underway and expected to be complete later this year, possibly by September. Developer Bobby Harrelson and Abe Walston, a Wilmington doctor, have partnered with Kernersville-based Ridge Care Senior Living on Arbor Landing at Compass Pointe, a project adjacent to the master-planned community of Compas ...

A plan for homes on South College Road property could add some more affordable options to the area. Wilmington-based Herrington Classic Homes is looking at building a neighborhood with 40 lots for single-family homes. The neighborhood would be called Jasmine South and involves about 5 acres at 4606, 4618 and 4626 South College Road. The homebuilder plans to make a ...

With inventory so low and buyer demand so high, home prices are expected to continue to increase at least through the rest of this year and into 2022, said Michelle Clark-Bradley, a Realtor with Wilmington-based Intracoastal Realty Corp.   “At some point we will get back to a ‘normal’ market with an average annual increase of 3%-5%, but until then, ...