Despite a flattening of the upward trend, the past three years have seen a historic spike in luxury transactions, both in the $1m-$1.99m and $2m+ ranges. The recently completed 2022 Q4 sell through totals paralleled that of 2021’s Q4, and are the best on record, having tripled that of 2019. The fourth quarter saw 169 closings between $1m and $1.99m, 36 closings at or above $2m and at the time of writing this piece, there are 79 pending transactions between $1m and $1.99m and 19 pending transactions above $2m. The pending transactions for the start of Q1 2023 look to be on pace with or ahead of the just completed Q4 numbers.
The above data, along with seemingly stabilizing interest rates suggests to us that continued demand, along with still limited inventory in high demand
areas, is likely going to influence a period of price stability. While inventory has increased slightly from recent historic lows, it remains low by preCovid standards.
These results are similar to what we are seeing elsewhere in North Carolina. Financial markets continue to see levels that are three times greater than ten years ago and luxury real estate continues to not only remain a stable investment, but one in which owners have multiple options in the case of secondary and investment properties.
EUROPEAN EQUESTRIAN ESTATE
6207 Fox Run Road | $6.2 M | MLS 100357641
Donna Waller | 919-369-2407
Jeff Waller | 508-353-7282
This coastal equestrian compound exemplifies classic Irish design, featuring natural stone surrounded by soothing pastoral spaces. Enjoy the European-inspired courtyard & pool, stroll by Roman-Gothic style statues, gas lanterns, deeded dock, & a privacy wall built with the same quarry stone as the home.
EUROPEAN EQUESTRIAN ESTATE
6207 Fox Run Road | $6.2 M | MLS 100357641
Donna Waller | 919-369-2407
Jeff Waller | 508-353-7282
The largest room of the home is comprised of a combination kitchen, dining and living room that coexist seamlessly, showing off high cathedral ceilings, epitomizing the acoustics of the music that flows through the integrated speaker system.
CUSTOM WATERFRONT HOME IN PALMETTO POINTE
2530 Royal Palm Lane | $2.14 M | MLS 100356859
Donna Waller | 919-369-2407
Jeff Waller | 508-353-7282
This custom home sits facing Hewletts Creek and offers a kayak launch pier and day dock for recreation. At the center of the home is a generous living area with a gourmet kitchen featuring a walk-in pantry, a butler's pantry and outside there is a kitchenette to accommodate your guests while lounging around the saltwater pool.
Jill Oakley | 336-456-6077
Lori Ivester Jackson | 704-996-5686
This stunning 'Home By the Sea' is an exceptional choice for even the most discerning buyers. The builder's exceptional attention to detail include designer finishes, elevator, custom details, the choice between gas stove and electric, granite counter tops and custom cabinets. *Not waterfront
HISTORIC WATERFRONT BEACH HOUSE
523 Lumina Avenue S. | $4.4 M | MLS 100357743
Happy Clark | 917-533-5411
Located in the sought after 500 block of Wrightsville Beach's South Lumina Avenue, this classic ocean front cottage offers a 1,000 square feet of deep wrap around porches to capture the unobstructed ocean views. The five bedroom, 3 bath residence offers an open floor plan with over 2800 square feet of historic charm and hardwood floors.
LUXURIOUS CUSTOM BUILD IN LANDFALL
1900 London Lane | $1.495 | MLS 100352402
Jacki Hedgecock | 919-777-3831
The epitome of elegant and comfortable living, this premier 4-bedroom enclave is nestled near Wrightsville Beach in the golf gated community of Landfall. A double door entry leads into the large Great Room with 12' ceilings and the gourmet kitchen with the finest culinary considerations, with walk-in pantry and butler's pantry hall.
6121 Leeward Lane | $1.6 M | MLS 100298538
Britt Allen | 828-450-8166
An impressive coastal manor, beautifully set in a private neighborhood. The primary suite features a dual-head shower, soaking tub, and two balconies. The chef's kitchen includes a 6-burner gas range, large 7 x 4 Island, and built-in breakfast nook. Included is a deeded 1/2 pier access with a boat and jet ski lift.
HISTORIC DOWNTOWN BED & BREAKFAST
202 Nun Street | $1.8 M | MLS 100190443
Listing Offered by: Lois Potratz | 910-264-5291
Representing Buyer: Marshall Pickett | 910-619-8710
Located in one of the best areas in the Historic District, this property offers 8 large and luxuriously decorated guest suites - each with an attached full bath. The main floor is impressive with its 12 x 40 entrance hall, a light filled formal living room with 10.5 ft windows, double width baseboards and masterfully crafted trim work.
LUXURY LIVING ON PALMETTO POINTE
2506 Royal Palm Lane | $1.375 M | MLS 100346469
Jeff Waller | 508-353-7282
Donna Waller | 919-369-2407
With an open floor plan and features that include hardwoods on the first level, a gourmet kitchen, separate dining area. Four bedrooms each with en suite bathroom, and additional half bath for convenience. An expansive fenced yard with saltwater pool and fire pit lends itself to effortless outdoor living.
The home's backyard adjoins with the Nicklaus #2 fairway. With a wealth of natural light with large windows creating a bright welcoming interior. Other first floor features include a gourmet kitchen with large island, formal dining room, office, living room, laundry room, guest bathroom, and sun room.
MARINA VIEWS
101 Dogwood Circle | $930,000 | MLS 100346592
Lois Potratz | 910-264-5291
Representing Buyer: Thom Potratz | 910-264-5291
With impeccable views of the Harbour Village Marina, the Intracoastal Waterway, and Topsail Island, this impressive home is a quite a find. Entertaining is a dream with the large living room, family room, tiled sitting room on the water and outdoors a portico, deck, and outdoor dining patio.
ELEGANCE ON MASONBORO
1010 Upper Reach Drive | $828,000 | MLS 100321429
Kathy Merlo | 704-650-6464
Nestled in an established neighborhood with mature trees, this 5 bed, 4.5 bath custom builders home leaves no detail overlooked. The luxurious owner's suite features his & her closets, his & her vanities, air tub and walk-in shower. Featured outdoors is a wrap around porch, a screened porch, and outdoor patio.
CLASSIC STYLE HOME
1615 Azalea Drive | $785,000 | MLS 100339647
Happy Clark | 917-533-5411
The gourmet chef's kitchen with banquette seating is open to your beautiful living room with a wood burning fireplace and a lovely adjacent den. With a spacious covered porch overlooking your built-in fire pit and very private yard complete with mature southern landscaping, it is truly an outdoor oasis.
SIMPLE ELEGANCE IN LANDFALL
1336 S. Moorings Drive | $705,000 | MLS 100312000
Marshall Pickett | 910-619-8710
Situated in the desirable Landfall golf community, this home features a grand entrance to the living room featuring cathedral ceilings and plenty of natural light with views of the gorgeous back porch. Enjoy entertaining in this home with a formal dining room, breakfast nook, and gourmet kitchen.
HIGHLAND HILLS SOUTHERN LIVING
1934 S. Churchill Drive | $659,900 | MLS 100327163
Happy Clark | 917-533-5411
This home offers beautiful hardwood floors, lightfilled rooms, and ample space for entertaining both indoors and outdoors. With 4 bedrooms, 2.5 baths it provides an excellent layout including highly desirable primary floor living with 2 bedrooms and 1.5 baths on the main level.
MIDDLE SOUND LOOP OASIS
1028 Anchors Bend Way | $662,500 | MLS 100347644
Lisa Sledzik | 910-538-9190
Representing Buyer: Lisa Sledzik | 910-538-9190
Light, bright, open and spacious! Covered rocking chair front porch, screened in back porch overlooking the fenced in back yard. Kitchen is wide open and the butler's pantry opens to the dining space. Up the stairs you will find a nice reading nook on your way to the 4 or 5 bedrooms/media room.
CAPE FEAR RIVER VIEWS
240 N Water Street Apt 554 | $646,500 | MLS 100348295
Marshall Pickett | 910-619-8710
Located on the Riverfront overlooking the USS Battleship, this condominium was designed to be a blend of luxury and downtown living. Residents have access to a private rooftop pool, hot tub, entertaining area, and fire pit. This home features two generous suites and large living area.
From The Mountains To the Coast
With the state's leading network of luxury brokerage offices, Ivester Jackson | Christie's has become North Carolina's luxury property leader, with offices serving the Asheville, Charlotte, Lake Norman, and Wilmington regions. Ivester Jackson markets these extraordinary properties worldwide through the firm's exclusive relationship with Christie's International Real Estate, the world's most recognized luxury real estate brand. In 2017, Ivester Jackson was awarded the Christie’s International Affiliate of the Year award for its excellence in global business innovation, market leadership, and advertising expertise among 145 of Christie’s elite brokerages around the world. The company has a rich history of serving relocating and local Fortune 1000 executives, athletes, celebrities, entrepreneurial executives, as well as international investors.
919-777-3831
Jacki@IJCoastal.com
JackiHedgecock.com
With a Marketing Degree from the UNC-Wilmington, an MBA from NC State University, and ten years corporate sales and product management experience, Jacki Hedgecock has the acumen required to navigate this ever-changing and dynamic coastal real estate market. Aligned with the world’s leading luxury brand, Christie’s International Real Estate, Jacki is uniquely equipped to provide the very best in real estate marketing. Prior to moving to Wilmington, Jacki became a broker in the RaleighDurham market and achieved accolades as the leading volume producer at a 100+ agent firm. Her experience is geared toward providing clients with a strategy that combines knowledge and negotiation to achieve clear expectations. Jacki sets herself apart with unparalleled work ethic, honesty, and communication.
JILL OAKLEY
336-456-6077
Jill@IJCoastal.com
IJCoastal.com
Originally from Graham, NC, Jill resided in Greensboro for over 20 years, but loved visiting and spending vacations in Wrightsville Beach, Carolina Beach, and the Oak Island area. She has spent the last 5 years living in not only Southport, NC, but Carolina Beach, and now the Wilmington area, and has loved what each town has to offer. Jill is a consistent multi-million dollar producer with strong negotiation skills, communication & a true understanding of the real estate process. She has a proven track record in sales since 2000 and her experience is mainly with residential & investment properties, 1031 tax exchanges, and luxury estates. A graduate from the University of North Carolina at Greensboro, she received a Bachelor of Fine Arts degree and has used it to shape her love of real estate, architecture, and people. Jill enjoys using her background to help others with their real estate needs. When not negotiating deals and selling real estate, she enjoys spending time with her family, boating, and her rescue Jack Russell, Anna. Call Jill today to help you make your coastal dream a reality!
910-264-2912
Jane@IJCoastal.com
IJCoastal.com
Jane’s passion for helping people find their place in Wilmington started young with every summer vacation spent at Wrightsville Beach and when she finally moved here in 2003 after graduation. She finds the detective work and relationships of real estate thrilling and after a brief hiatus from real estate, she’s bringing her skills from customer service over to her business. After a dual career in real estate and customer service, Jane is not only knowledgeable about the market and the process, but she is quick on her feet, able to juggle many tasks at once, with a true knack for building strong social and community connections. Jane seeks to create a warm environment and develop relationships first and foremost with her clients, offering them the deepest level of concierge service. Backed by the local, regional, and international power of Ivester Jackson | Christie’s, Jane brings the best in marketing, strategy, exposure, and service.
KATHY MERLO
704-650-6464
Kathy@IJCoastal.com
KathyMerloHomes.com
Kathy Merlo, an award-winning realtor, has spent the past decade helping clients accomplish their dreams and goals in the world of real estate. She prides herself on her impeccable customer service, negotiating skills and customer satisfaction, resulting in over 95 percent of her business coming from referrals. Kathy started her real estate career in 2009 and has had tremendous success growing her business every year in the Wilmington and Charlotte market, while consistently being a top producer and recipient of the 5 Star Professional Real Estate Award, voted on by consumers, for exceptional client satisfaction and service. Kathy is a member of the Cape Fear Realtors Association and Pine Valley Country Club in Wilmington, NC, the Charlotte Regional Realtor Association and the Lake Norman Home Builders Association. Kathy also has a passion for participating in charity work for many organizations, including Habitat for Humanity, United Way Campaign, Children’s Miracle Network, and Make-A-Wish Foundation. She also services the Charlotte and Lake Norman market assisting both sellers and buyers. For Kathy, real estate is not her job; it’s her passion!
LOIS POTRATZ
910.264.5291
Lois@IJCoastal.com
IJCoastal.com
As a top agent, Lois Williams Potratz is ranked among the top 2% of real estate brokers in the country. A multi-million dollar producer, she has been a premier agent since her start in real estate in 2003. When listing a property Lois is very “hands on”, working closely with her team of stagers, photographers, marketing and more to make sure that the property is showcased to its best advantage. Her affiliation with Ivester Jackson | Christies International Real Estate takes this to a whole new level. As a buyer’s agent, Lois takes great pride in truly understanding the buyer’s needs and wants and will go to great lengths to find not just the perfect house, but the perfect home. In addition to her general real estate business, Lois serves as Relocation Director for Ivester Jackson. Lois understands what it takes to adjust to a new city and lifestyle and provides detailed information to her relocation clients that extends beyond real estate. If you ask Lois what her greatest accomplishment has been she will tell you that it is the long-term relationships she has developed and maintained with her clients, her referral partners, and other agents.
QUENTIN JONES
336-740-4102
Quentin@IJCoastal.com
IJCoastal.com
Genuine, easy-going and down to earth, Quentin Jones offers his clients a refreshing real estate experience through personalized, expert service and market knowledge married with a deep love and pride for our North Carolina coastal community. His clients herald him as organized, transparent, and authentic. This combined with hands-on service keeps Quentin’s client’s returning to him time and time again. Quentin’s creativity, unparalleled marketing strategies, and knowledge of luxury make him equipped to handle transactions in the most personable and sophisticated way possible. Quentin also owns and manages several investment properties and works on them himself, making him a hands-on realtor who is not afraid to roll up his sleeves in getting your house ready for market. Quentin has deep ties to Figure 8 Island as his family has owned a home and vacationed there for generations. He is excited to bring his knowledge and expertise on the area, coupled with the international power of Christie’s and world class marketing strategies, to the real estate industry tied to Figure 8 Island.
TRACY PRAY BRADSHAW
336-906-0943
GoBradshaw@IJCoastal.com
IJCoastal.com
Licensed NC Broker since 2001 serving Lake Norman/Charlotte, Greater Wilmington and Wrightsville NC beaches. My husband and I spent summer vacations in the Wilmington area as kids which led us to return. We loved the area so much, we recently completed a new home build in Carolina Beach. I welcome living "on the island" and helping future clients and Builders purchase, renovate and sell coastal property. Founder of Pop Up Holiday House, an annual Charity fundraiser benefiting local foster care children that has raised over $62k since 2018.
Board Member for The Children's Homes of Iredell County. Editorial & content provider for Stroll the Point Magazine
Social Media Influencer on Instagram @ gobradshaw with over 42,000 Followers who lean into peeks of Luxury Homes, Home Design & Inspiration, and Renovation Ideas to improve a client's home value and curb appeal.
Deemed "LKN's Most Followed Realtor" by The Best of LKN's Podcast.
WILMINGTON IVESTER JACKSON COASTAL
910-300-5140
527 Causeway Drive
Wrightsville Beach, NC 28480
IJCoastal.com
CHARLOTTE IVESTER JACKSON
704-817-9826
1515 Mockingbird Lane, Suite 900
Charlotte, NC 28209
IvesterJackson.com
NORTH SHORE IVESTER JACKSON
980-435-5169
350 Morrison Plantation Pkwy, Suite C1
Mooresville, NC 28117 IvesterJackson.com
IJCoastal.com
LAKE NORMAN IVESTER JACKSON
704-655-0586
21025 Catawba Ave, Suite 101
Cornelius, NC 28031
IvesterJackson.com
ASHEVILLE
IVESTER JACKSON BLACKSTREAM
828-367-9001
18 S. Pack Square Asheville, NC 28801
IvesterJacksonBlackstream.com