2 0 1 8 R E A L E S T A T E R O U N D U P
LUXURY buyers, while paused, were not
deterred and continued to invest in
“2018 was a year in which luxury
buyers were very comfortable moving on
quality assets in the market regionally,” Nick
Phillips of Landmark Sotheby’s says.
Sherwood Strickland agrees, “I think they
had more confidence in their particular invest-ments,
especially if they were investment prop-erties
or second homes where that had been
holding back just a little.”
Still, the luxury sales dropped by 10 percent.
2017 had seen 30 sales between $2 million and
$4.8 million in New Hanover County.
“There are homes on Wrightsville Beach,
Figure Eight Island and Landfall that, if they
were in these other markets that are in the
South, they would be $10 million homes. And
$10 million transacts as often in their markets
as $2.5 million transacts in our market,” Nick
THE second top sale in
New Hanover County was
Wilmington’s “Live Oaks,”
the 1913 Parsley Mansion
on Masonboro Sound and the
Intracoastal Waterway, which went
under contract in 2017. The sale
closed in February for $4.9 million.
This unique, historically significant
estate on seven waterfront acres
was designed by Henry Bacon, the
renowned architect of the Lincoln
Memorial in Washington, D.C.
The buyer will make it a primary
residence once updates are complete,
keeping as much of the original
charm and architecture as possible
with some interior changes to make
it more modern. The buyer is a New
Hanover County resident who does
not live too far from the property
now, and who had been searching for
quite a while.
The No. 2 sale in New Hanover County was the Parsley Mansion, built in 1913, on
Masonboro Sound. It sold for $4.9 million.