The Buzz

Gaining Ground: 14th Annual Real Estate Roundup

February 10, 2015

Gaining Ground: 14th Annual Real Estate Roundup
Wrightsville Beach Magazine
by Pat Bradford
February 2015

Overall total residential sales volume in New Hanover County was up $57 million, for a year-end sold volume of $1,093,869,124, a solid 5.5 percent gain over 2013.

2014 was a second consecutive growth year in New Hanover County, up 5 percent versus 2013, which also grew versus 2012, Intracoastal Realty Corporation Vice President of Sales Chris Livengood says of the gain.

Climbing from a ranking of 13th in 2013, to No. 6 in New Hanover County, Intracoastal Realty s Buzzy Northen was again the selling agent on 2014 s top sale, as well as the 2013 listing and selling agent on the county s top sale ($4.375 million), plus that year s listing agent on the second top sale ($4.150 million).

We have really seen it turn at Figure Eight, it definitely has become a seller s market because of the declining inventory, Northen says. The inventory has been cut more than half in the last two years; sellers are able to command more on their pricing, that is the biggest thing going at Figure Eight. It is totally different, because a year ago, I had three or four houses to show people flying in, but now it is tough.

Read the entire article HERE