CAROLINA & KURE BEACH

With its proximity to Wilmington, the ferry to Southport and Wrightsville Beach’s escalating property values, the Pleasure Island area of Carolina and Kure Beach have become a highly sought coastal destination Long known for its relaxed vibe and small-town beach atmosphere, this area ’ s real estate market has seen major jumps in property values as well as unit sell through.

The $500,000-$1 million trend showed a nearly 32% decrease in the fourth quarter of 2022 when compared to that of 2021: there were 79 closed transactions in the fourth quarter of 2021 in this range and 54 in the fourth quarter of 2022 The $1 million-$2 million category showed a 50% increase in closed transactions and the ultra-luxury segment experienced a 25% decrease, from 4 closed transactions above $2 million in the fourth quarter of 2021 to 3 in fourth quarter of 2022.