Coastal Vol. II 2023

COOLING MARKET CONDITIONS STILL HAVEN'T MET PRE-COVID CONDITIONS

Limited inventory and volatile interest rates remained relevant factors in the 2nd quarter’s market trends. The Wrightsville Beach, Landfall, and Wilmington markets continue to experience high demand and high sell-through, particularly in the $500k-$1m and $1m-$2m markets. The most recent reports show June’s inflation was just 3%, the lowest pace in more than two years, while the Dow Jones Industrial remained relatively consistent throughout the quarter despite a sharper dip in the second half of May. Interestingly, interest rates have plateaued in the 6.5-7% range for now and consumers seem to have adjusted albeit with less demand in the lower more interest rate sensitive ranges.

most price segments displaying under 90 days of inventory, or healthy conditions. While some price decreases are beginning to bubble up, many of these are occurring with properties that came to market at historically high price points as much as 20% above trailing comps, and thus decreases may not reflect a decline of sold values so much as just a lessening of appreciation.

At the conclusion of the second quarter, many of the key markets represented in this report have more active inventory than pending transactions. In most price segments, this represents a re-balancing of the market to what are still solid conditions, with

Regards,

Ryan Faro-Teague Broker-in-Charge

These results are similar to what is happening 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.

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Southern elegance and charm await the new owner of this incredible home located in Corbett Place at Airlie with private deeded boat slips. Nestled among the historical live oaks, this southern gem offers huge sprawling porches that flank the home. The rear porches face the southwest for evenings enjoying magnificent sunsets on Bradley Creek.

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.

BOATER'S PARADISE

808 Inlet View Drive | $2.9 M | MLS 100376728

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

Welcome to a waterfront oasis! This boater's paradise offers a 20,000 lb boat lift for your vessel. Inside, a newly renovated gourmet kitchen awaits with top-of-the-line appliances along with sophisticated and modern interiors. With deep water access to the Intracoastal, indulge in endless water adventures. A coastal dream come true.

MODERN NEW CONSTRUCTION

143 Rogersville Road | $1.2 M | MLS 100402924

Marshall Pickett | 910-619-8710

Jacki Hedgecock | 919-777-3831

Welcome to this stunning home boasting an array of impressive features. Situated just minutes away from Wrightsville Beach, this home offers the perfect coastal living experience. With an open floor plan, a huge unfinished bonus room, and a spacious and well-designed kitchen, this home is the perfect blend of style and practicality.

BEAUTIFUL GOLF-COURSE RETREAT

2301 Ocean Ridge Place | $1.55 M | MLS 100379003

Marshall Pickett | 910-619-8710

Britt Allen | 828-450-8166

Inspired by travels to Normandy and nestled on the Jack Nicklaus course, this is the first time this home has been offered for sale. Custom in every way, the timeless finishes are as relevant today as they were during construction. The owner's suite features a sitting area, fireplace, large closet, and bathroom featuring a soaking tub and radiant heated floors.

OUTDOOR OASIS

1524 Black Chestnut Drive | $1.435 M | MLS 100382976

Marshall Pickett | 910-619-8710

Britt Allen | 828-450-8166

Coastal elegance abounds in this bright and sunny home nestled on the 5th green of the Nicklaus Pines course. The open concept seamlessly blends kitchen, dining, and gathering spaces. The backyard oasis features al fresco dining, a summer kitchen, and pool with stunning golf course and pond sunset views.

PRIVATE, GATED CUSTOM-BUILT HOME

7217 Prince Albert Court | $1.189 M | MLS 100390917

Jacki Hedgecock | 919-777-3831

Step inside this Coleman Fine Homes property in Landfall, offering a blend of luxury, functionality, and craftsmanship. The backyard features turf & a putting green. A rarity in Wilmington, this home also has a fully finished basement with walk-out patio and two owner suites.

MODERN COASTAL LIVING

2216 Deepwood Drive | $1.2 M | MLS 100356412

Marshall Pickett | 910-619-8710

This elegant brick home boasts a coastal interior design and is newly renovated. The first floor features include a gourmet kitchen with a large island, formal dining room, office, living room, laundry room, guest bathroom, and sun room. Other features include two fireplaces, and outdoor patio, plus a circle driveway in front.

WATERFRONT OASIS

1205 Kings Landing Road | $1.9 M | MLS 100385328

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

Fully renovated, this home features a boat dock with lifts and a wet slip. Enjoy outdoor living with a custom saltwater pool, spa, and panoramic views. The chef's kitchen, open floor plan, and luxurious primary suite add elegance. While the two bonus rooms above the garage offer versatility.

DREAMY WATERFRONT LIVING

716 Alyssum Avenue | $1.7 M | MLS 100371785

Quentin Jones | 336-740-4102 | Sold Representing Buyer

With an unbelievable view of the marsh and intracoastal waterway, pool, hot tub, and also a private dock with a 20,000 lb lift, this home is the ultimate coastal paradise. A short walk or golf cart ride will take you right to the beach.

CASWELL BEACH

WILMINGTON

PENDING

CUSTOM CREEK FRONT HOME WITH DOCK

1017 Creekside Lane | $1.45 M | MLS 100393186

Lois Potratz | 910-264-5291

This beautiful, custom designed home is tucked away on Futch Creek. Everything about this property speaks to nature, from the wooded setting on a large private lot and the dock where egrets land. This home was designed for gracious living while still letting the natural environment in.

TIMELESS HISTORIC DOWNTOWN HOME

1801 Chestnut Street | $1.2 M | MLS 100387391

Jane Fleury | 910-264-2912

The home is registered with the Historic Wilmington Foundation and crafted to embody the seamless union of Southern charm and refined opulence. Including a newly constructed one bedroom garage apartment by the renowned design and build firm Tongue & Groove.

PRIVATE CREEK FRONT HOME ON 2 ACRES

626 Creekwood Road | $1.015 M | MLS 100378351

Buyer's Agent: Lois Potratz | 910-264-5291

PENDING

LUXURY NEW CONSTRUCTION

1900 London Lane | $1.495 M | MLS 100352402

Jacki Hedgecock | 919-777-3831

Located on a quiet gravel road within a stones throw to Wilmington, this home is an incredible find! Creekfront with a private dock and situated on 2 + acres, this property offers a respite from city life while having easy access to every amenity.

This home is the epitome of elegance and comfort. With four bedrooms and custom high end finishes, this contemporary-inspired property offers the quintessential Southern coastal lifestyle in Landfall.

MEDITERRANEAN DREAM

1612 Landfall Drive | $1.33 M | MLS 100386434

Jane Fleury | 910-264-2912 | Sold Representing Buyer

Located on one of Landfall's most picturesque tree lined streets, just steps from the Dye Clubhouse, this stately hard-coat stucco Mediterranean home has been completely and tastefully updated. Featuring your own dipping pool and patio lounge area located off of the owner's suite.

EXCLUSIVE MODERN COASTAL HOME

1871 Senova Trace | $1.175 M | MLS 100373054

Jacki Hedgecock | 919-777-3831

This practically new construction, four bedroom, coastal home showcases extensive millwork, shiplap, plantation shutters and an elevator. Featuring an open floor plan with upgraded flooring, coffered ceiling detail, & modern fireplace with custom mantle.

TUCKED AWAY TREASURE

2006 Bay Gull Court | $840,000 | MLS 100351603

Lois Potratz | 910-264-5291 | Sold Representing Buyer

This Landfall home is a real find. Tucked away off of Landfall Drive with Intracoastal views just outside the front door, this home offers the best of coastal living with access to Wrightsville Beach, Mayfaire, and easy access to the best of Wilmington!

WATERFRONT LOT

1400 Landfall Drive | $575,000 | MLS 100376019

Marshall Pickett | 910-619-8710

Britt Allen | 828-450-8166

A rare opportunity to create a masterpiece in Landfall, one of the Southeast's premier gated communities. Perfectly situated on the 9th fairway of the Pete Dye designed golf course, and across the street from the Intracoastal Waterway.

LANDFALL

An Unrivaled Global Connection

A MODERN WORK OF ART

Sandra@EstelaExclusiveHomes.com

Forci is a one-of-a-kind penthouse that will not leave you indifferent. Located in one of the most wanted areas in Ibiza, Es Pouet, this penthouse will make your life in Ibiza even more special. A big colorful terrace full of plants, with a large dining area is the perfect space to watch Talamanca Beach.

BEST SKI-IN/SKI-OUT ACCESS IN THE WESTERN US

27 Cowboy Heaven Spur Road | $17 M | MLS 379193

Jackie Miller | 406-539-5003

This end-of-the-road home perched on a ridgeline in Moonlight Basin provides unsurpassed privacy and the best ski-in/ski-out access in the western US. This custom Durfeld log home is meticulously nestled on 2.42 acres in an old-growth forest. Near Yellowstone National Park.

MONTANA

LUXURY VILLA WITH MOUNTAIN VIEWS

Haslachstrasse Tirolo, South Tyrol, 39019 Italy | €7 M

Dr. Alexander Benedetti | +39 0473 236613

In an idyllic location in Dorf Tirol, the modern luxury villa is being built with a unique panoramic view and infinity pool. The natural hillside location and a glass facade is conducive to enjoying every ray of sunshine and a breathtaking view over the city of Merano, the Burgraviate and the entire Etsch Valley.

MODERN BEL AIR ESTATE

1859 Bel Air Road | $65 M

Aaron Kirman | 310-994-9512

Perfection, in its highest form. 1859 Bel Air Road, a sublime estate seven years in the making. Set behind gates atop famed Bel Air road with far-reaching views of the surrounding canyons, nearby Stone Canyon Reservoir and the ocean beyond.

INTRACOASTAL PARADISE

428 Causeway Drive | $1.5 M | MLS 100345677

Lois Potratz | 910-264-5291 | Sold Representing Buyer

WRIGHTSVILLE BEACH

HOME BY THE SEA

1210 Mackerel Lane 1 & 2 | $1.62 M | MLS 100347983

Jill Oakley | 336-456-6077

Lori Ivester Jackson | 704-996-5686

Offering breathtaking views of the marina and the Intracoastal Waterway, dock with boat lift, plus kayak launch, renovated kitchen and baths, fireplace, and parking for four vehicles. Extra large covered back deck perfect for end of day gatherings while enjoying the sunset over the water!

CAROLINA BEACH

Location is everything with this stunning 'Home By the Sea'. The builder's exceptional attention to detail include elevator, custom details, the choice between gas stove and electric, granite counter tops and custom cabinets.

CAROLINA BEACH

BOATER'S PARADISE

111 Florida Avenue Unit 8 | $519,000 | MLS 100378641

Jacki Hedgecock | 919-777-3831

This waterfront investment property is located in the desirable Carolina Beach and boasts stunning ocean and sound views. This fully furnished condo comes with a deeded water rights and 30’ deepwater boat slip.

BREATHTAKING LOT

4417 Brantley Circle SW 7 | $950,000 | MLS 100392597

Rasa Love | 910-547-5068

Featuring access to the Intracoastal Waterway, the Shallotte River, the Shallotte Inlet and the Atlantic Ocean. Offering marsh and beach views of both Holden and Ocean Isle with a pier, gazebo and dock facilities already installed.

SIGNIFICANT SALE IN CORNELIUS

18212 Pompano Place | $3.55 M | MLS 4030222

Kris Kjeldsen | 704-572-0338

This stunning Lake Norman property is a true oasis, boasting an impressive 430’ of private shoreline with breathtaking views. The main home and equally impressive guest house are situated on this unique cul-de-sac lot, complete with a 2-story boat slip and lifts.

RECENTLY CLOSED IN DENVER

8101 Deep Water Lane | $1.325 M | MLS 4028326

Kris Kjeldsen | 704-572-0338

Welcome to your new waterfront oasis! The 2-story great room and open floor plan welcome you as you enter, leading to a screened-in porch perfect for enjoying your private backyard with mature hardwoods & waterfront views. With gas fire pit and a rejuvenating hot tub.

CAROLINA BEACH PENDING

CAROLINA BEACH

OCEAN VIEW RETREAT

1502 Canal Drive | $1.7 M | MLS 100387824

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

MODERN WATERFRONT HOME

4837 Waves Pointe | $558,000 | MLS 100390417

Kathy Merlo | 704-650-6464

MODERN COASTAL NEW BUILD

609 Monroe Avenue | $1.2 | MLS 100381112

Tracy Pray Bradshaw | 336-906-0943

BEACH-SIDE BLISS

1655 New River Inlet Road | $1.5 M | MLS 100369964

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

TOPSAIL BEACH

COUNTRY CLUB COTTAGE

1840 Odyssey Drive | $825,000 | MLS 100385313

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

COASTAL CHARM

1321 Regatta Drive | $1.035 M | MLS 100401359

Donna Waller | 919-369-2407

Jeff Waller | 508-353-7282

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919-369-2407

Donna@IJCoastal.com

IJCoastal.com

Donna is a seasoned real estate professional with years of experience in the industry. In 2020, Donna's husband, Jeff, joined her in the real estate business. The dynamic duo is known for their exceptional work in the coastal area which has earned them several awards and recognitions, such as the Cape Fear Top Producer's and Master's Circle. They are always up-to-date on the latest market trends and industry news, and they are skilled negotiators who help clients obtain the best possible deal. As a result of their expertise, professionalism, and commitment to clients, they are highly respected and sought-after real estate agents in the industry.

JEFF WALLER Broker | Realtor

508-353-7282

Jeff@IJCoastal.com

IJCoastal.com

After a successful 35-year career in golf, Jeff joined his wife Donna in real estate. Together, they offer expertise, prioritize client's needs, and excel in negotiations. Their deep understanding of the North Carolina coast, combined with their passion for making clients' dreams a reality, ensures that clients receive valuable insights, guidance, and patience every step of the way. Whether they are listing a residence or helping a family find their perfect home, they put their clients first. With Donna's unmatched customer service and Jeff's past sales and marketing experience, they have quickly become one of the top real estate teams up and down the coast of North Carolina.

LOIS POTRATZ

Broker | Director of Corporate Relocation

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.

MARSHALL PICKETT

Broker | Realtor

910-619-8710

Marshall@IJCoastal.com

IJCoastal.com

Marshall Pickett is an experienced broker in Wilmington, NC with Ivester Jackson Coastal & Christie’s International Real Estate. His “out of the box” thinking has propelled his success, with over $34 M in closing and contracts over the last 12 months. While Marshall knows Wrightsville Beach and the greater Landfall area well, he also is involved in downtown real estate. Over the past 12 months he has represented buyers for the Iconic Graystone Inn, Front Street Inn, and the Verandas (historic four diamond boutique bed and breakfast). He is part owner of the Graystone which is undergoing an extensive multi-million-dollar renovation, and slated to open Summer of 2022. Marshall has a second passion: golf. Marshall and his wife love Landfall. They enjoy spending time with their dog Dudley and boating with their in-laws on the Intracoastal Waterway. Marshall always finds time for Golfing with his real estate clients!

JACKI HEDGECOCK

Broker | Realtor

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.

704-999-1327

Ryan@IJCoastal.com

IJCoastal.com

Ryan Faro-Teague is originally from New York City and has skill sets in the real estate business that are enriched by cultural influence and experience rooted within the hospitality industry.

As a former hotelier, Ryan has an inherent passion for cultivating an elevated experience for his clients that always surpasses the expectations of even the most discerning clientele.

Ryan has a proven track record in residential real estate, representing buyers, sellers and investors in resale and new construction markets. His negotiation style and thorough understanding of license law, contracts and marketing all contribute to a unique flare in the way he conducts business.