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WILMINGTON
Wilmington is a historic port city along the Cape Fear River that features three gorgeous island beaches, Carolina, Kure, & Wrightsville Beach The historic artistic culture is complemented by the small beach town aesthetic offered by top-rated pristine beaches at Wrightsville Beach, historic Carolina Beach, and Kure Beach The art, music, food, architecture, history, and natural beauty of Wilmington make it the #1 emerging market in the US
(Mansion
Global, 2022)
The $500,000 and $1 million market segment saw a 22% increase in the first quarter of 2023 from the first quarter of 2022. The $1 million-$2 million market dropped 27%, going from 33 to 24 and the $2 million plus segment saw a 33% decrease in 2023. As inventory pressures in Wilmington and Wrightsville have eased slightly, increased available inventory locally may result in fewer buyers extending their searches out further from a geographic standpoint to the more distant barrier islands