FIGURE EIGHT, 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 Island remains one of the region’s flagship upscale communities with some of the most significant coastal estate homes in the Carolinas

Inventory continues to stay on par with the recent trends in the second quarter as the active listings went from 49 in the first quarter of 2023 to 57 in the first quarter of 2023, which is a typical trend of the spring market This pocket of the market saw a 132% increase in $500,000-$1 million market from 2022 to 2023 The $1 million-$2 million range saw a 250% increase and the ultra-luxury segment saw an 80% decrease, as luxury interest in these areas continues to grow