FIGURE 8, PORTER'S NECK, & HAMPSTEAD

Figure Eight Island, Porter's Neck, and Hampstead are north of Wilmington Porter's Neck and Hampstead are two emerging markets that are developing a robust luxury market, while Figure Eight remains one of the region’s flagship upscale communities with some of the most significant coastal estate homes in the Carolinas.

Inventory continues to trend in the first quarter as the active listings went from 58 in the fourth quarter of 2022 to 49 in the first quarter of 2023 This pocket of the market saw absolutely no difference in the $500,000-$1 million market from 2022 to 2023 The $1 million-$2 million saw a 300% increase and the ultra-luxury segment saw no difference between the first quarter of 2022 and 2023, staying at 1 sale