Real Estate - Residential

May 21, 2020

Those marketing a new neighborhood along the Intracoastal Waterway in Hampstead had to scrap a planned four-day sales pitch because of the coronavirus pandemic. But a pivot they came up with seemed to work for Salters Haven at Lea Marina, a Logan Developers project where 75, more than $15 million worth, of its more than 300 lots are now under contract, Realtors said. ...

May 15, 2020

The local real estate market felt the effects of the times during April, the first full month when measures were in place to slow the spread of the coronavirus pandemic. Cape Fear Realtors reported this week that the overall median sales price was up by 5.3% last month compared to April 2019, to $260,000. Closed sales, however, were down 2.2% in the tri-county region ...

May 8, 2020

A South Carolina residential real estate firm recently adopted a familiar name: Coldwell Banker Sea Coast Advantage, but in Myrtle Beach, according to an announcement this week. The firm was previously known as Coldwell Banker Chicora Advantage. “This strategic new partnership allows us to leverage the marketing muscle and advanced technology of the Coldwe ...

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PPP Forgiveness - What You Need To Know

Posted May 20, 2020
This article is current as of 5/20/20. The SBA has indicated that there will be constant, ongoing updates.

Many businesses have been fortunate enough to receive funds via the Paycheck Protection Program (PPP). These funds were initially disbursed as a loan, but some or all of the funds can potentially be forgiven. How much really depends upon a complex, and ever evolving se...read entire article
May 5, 2020

Showing activity has been down about 50 percent for luxury homes in the area in the midst of the coronavirus pandemic, but there is some good news, brokers say. "The buyers that we are seeing come into the market are very serious," said Nick Phillips, founder of and broker with Wilmington-based Landmark Sotheby's International Realty. Despite the corona ...

Apr 24, 2020

A real estate advisory firm announced this week the $35 million refinancing of a new apartment community in Leland. Newmark Knight Frank (NKF) officials stated in a news release that the Freddie Mac refinancing was for Comet Westgate Apartments, a 304-unit, garden-style complex completed last year at 5090 Tradeway Drive. According to the release, the financing effort ...

Apr 15, 2020

Downtown Luxury Apartments Nearing Completion

By Cece Nunn, posted Apr 15, 2020

For The Flats on Front, a luxury apartment complex underway near the riverfront in downtown Wilmington, preleasing has begun. Construction is nearing completion on the first 47 units, which are mainly one-bedroom with a handful of three-bedroom units.  "We anticipate moving people in probably mid- to late May," said developer Porter Jones of Charlotte- ...

Apr 2, 2020

Luxury home sales in March rose in New Hanover County from last year despite the coronavirus pandemic. But last month also saw some deals fell through, and pending contracts are down, according to a report released Thursday. "New Hanover County luxury home sales somehow managed to record their best month in well over a decade," stated a report from Just For Bu ...

Mar 20, 2020

Homes Popular In S. Brunswick Towns

By Cece Nunn, posted Mar 20, 2020

At the height of the housing downturn, Brunwick County had 22 months of supply.   That situation had changed drastically by the end of 2019.   The months of residential supply for the county as whole at the end of last year was 4.72 months.   It was similar in two popular Brunswick County areas: 5.38 months for Oak Island, a beach town, and 4.66 for So ...

Mar 20, 2020

New Hanover County issued a statement this week about the register of deeds, a critical component for the real estate industry. "The Register of Deeds is open and serving customers Monday through Friday, 8 a.m. to 5 p.m," the Thursday release stated.  According to the release, the following practices (that apply most to real estate professionals) are i ...

Mar 12, 2020

Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage, along with the Coldwell Banker Advantage family of companies, was recently named the No. 1 brokerage in North America for closed transactions in 2019 by Coldwell Banker Real Estate LLC. The results show that the Coldwell Banker Advantage team successfully assisted clients with nearly 20,0 ...

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For County's $1.3M Small Business Grant Program, More Details Coming

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