Real Estate - Residential

May 20, 2022

Riverlights Preps For More Development

By Cece Nunn, posted May 20, 2022

Realtor Kathy Merlo and her husband, Tony, moved to Riverlights two years ago, into a Trusst Builder Group house facing a 38-acre lake.   Even since then, Riverlights has continued to grow, with the latest phases of single-family home development in the 1,400-acre community opening up to buyers this summer.   “There’s going to be a lot of homes; t ...

May 19, 2022

While homes in Brunswick County sold quickly in April, the ongoing challenges of a manic market led to a 22.5% drop in the number of units sold compared to April 2021, according to a report released this week. A majority of homes sold last month spent less than five days on the market, according to numbers compiled from the N.C. Regional Multiple Listing Service by the ...

May 19, 2022

Midtown Rental Project On 17th Headed To Planning Commission

By Johanna F. Still, posted May 19, 2022

Plans for a large rental community in midtown could be reviewed soon during an upcoming Wilmington Planning Commission meeting.  Middleburg Communities hopes to develop ​​The Hamlet at Barclay West on about 50 acres of undeveloped land at 3152 S. 17th Street. The two parcels are owned by Graham-Cameron AG & Timber Company LLC. The developers are hoping ...

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Posted Sep 22, 2021
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May 10, 2022

All-cash Home Sales Inch Up In Cape Fear Region

By Staff Reports, posted May 10, 2022

Buyers covering the full price of a home with out-of-pocket cash are making up a greater share of overall sales in the Cape Fear region.  Data from the real estate data firm ATTOM show the Wilmington MSA is following national trends. In the first quarter of the year, all-cash purchases made up 35.1% of all single-family home sales in the Wilmington MSA, up 7% year- ...

May 10, 2022

Brunswick County officials on Tuesday night approved the rezoning of more than 2,100 acres designated for residential use near Carolina Shores. The rezoning measure by the Brunswick County Planning Board, changing the land's designation from rural residential (RR) to medium-density residential (R-7500), means it could hold 5.8 dwelling units per acre as opposed to 2 ...

May 6, 2022

A Charlotte-based general contractor that opened a Wilmington office earlier this year recently broke ground on apartments in the Wilmington area.  The Port City branch of C. Herman Construction, 2715 Ashton Drive, Suite 100, recently marked the start of a Leland development, Encore at Westgate Townhomes.  The project with Graycliff Capital Partners and Kee ...

May 3, 2022

The luxury home market in the Wilmington area reaching new heights has become commonplace in the past few years, and a recent sale broke the highest-price record again. At the end of April, the oceanfront house at 258 Beach Road N. on Figure Eight Island sold for $6.75 million, according to a luxury real estate report by Wilmington-based Just For Buyers Realty. The ...

Apr 29, 2022

A national moving and storage firm ranked an area encompassing Wilmington and Myrtle Beach, South Carolina, as one of the top 20 moving destinations among its customers in 2021 through early 2022. PODS Enterprises LLC, founded nearly 25 years ago and headquartered in Clearwater, Florida, released its second annual trends report this week. The report lists the PODS marke ...

Apr 29, 2022

Wilmington-based Residential Real Estate Company Names CEO

By Staff Reports, posted Apr 29, 2022

A firm specializing in luxury real estate in the Wilmington area announced Thursday the addition of a CEO.  Daniel Malechuk is taking the helm at Landmark Sotheby’s International Realty, a company that was founded by broker Nick Phillips. “Landmark Sotheby’s has experienced strong growth over the past several years and has reached an inflection ...

Apr 27, 2022

Wilmington Region Sees Uptick In Foreclosures

By Johanna F. Still, posted Apr 27, 2022

Foreclosures in New Hanover County during the first quarter of the year were up 185% compared to last year. That’s according to records compiled by ATTOM Data Solutions, a real estate data analysis firm.  The increase likely represents a “catch-up” on loans that were frozen or protected during the pandemic, a data expert said. The county’ ...

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