CAROLINA & KURE BEACH

With its proximity to Wilmington, the ferry to Southport, and the limited inventory and price appreciation of Wrightsville Beach, the Pleasure Island areas of Carolina and Kure Beach have become a highly sought after 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, more interest rate sensitive, segment showed a nearly 31% decrease in the second quarter of 2023 when compared to that of 2022 The $1 million-$2 million category showed a 47% decrease in closed transactions, yet the ultra-luxury segment experienced a slight increase in demand above $2 million in the second quarter with 2 homes closing and another in the $3 million range under contract, compared to last year ’ s spring quarter with no transactions over $2 million