‘‘BY and large last year, we saw the biggest recovery for the pricing of real estate since 2006,” Tim Jackson of
Signature Properties says.
Brunswick County encompasses barrier islands, mainland waterfront communities, interior towns, and agricul-tural
land. The top half of the county saw inland flooding from the rivers as well as the sustained rain event, while
the southern portion of the county did fairly well.
“Brunswick had little flooding here from the hurricane. We did have wind damage as a result of the storm going up, turning
around and coming back toward us,” Jackson says. “The barrier islands recovered very quickly. Inland of here was where they
experienced a great deal of flooding in the aftermath of the hurricane.”
This county saw increases in sold volume and in the number of properties sold. The top sale was not on Bald Head Island,
but on Ocean Isle Beach, and it bested the previous year’s top sale by 21.6 percent. No. 83 Ocean Isle West Blvd. sold in July for
$2.25 million with very little updating since it was built by
Jackson in 2003. This 6-bedroom, 7 bath home, 5,051sf
on three levels, is oceanfront with a pool and soundfront
dock and boat slip at the exclusive West End, a 30-house
community with the sound behind and ocean in front.
“Our values have rebounded up to about 95 percent of
what things were selling for back in 2006, which was the
height of the market,” Jackson says.
The top three sales in the county were higher than the
2017 top sale of $1.851 million. The second top sale in
the county was on Bald Head Island at 20 Indian Blanket
Court. This was a 6-bedroom, 7 bath, 4,252sf furnished
home on the Dune Ridge. It is located on a cul-de-sac,
with a rooftop deck, elevator, four golf carts and bicycles,
making it a popular rental.
A SHOW OF STRENGTH
NO look back at the dynamic real estate market
on our coast would have been complete or
accurate without looking at the effects of the
landfalling hurricane. It left an indelible mark.
Depending on the county and community, it can vary
widely. But one thing remains true: our communities are
strong, our cities and towns are strong, our real estate
market is strong.
“It was a once-in-a-lifetime event that we all went
through as a community. It goes to show the strength of the
community as a whole, the strength of the real estate market.
It did pause things, everything stopped, but it’s not forever.
That’s a pretty powerful takeaway,” Jessica Edwards says.
Pat Bradford has been a licensed NC Real Estate Broker
since the early 1980s, and was actively engaged in real estate
brokerage in the greater Wilmington area from 1993 to 2001.
All numbers reported and used for analysis are from the Cape
Fear Realtors MLS System as of Dec. 31, 2018. Additional
2018 sales may have posted or even been corrected after the
Jan. 8, 2019, date drawn.
2 0 1 8 R E A L E S T A T E R O U N D U P
WBM SIGNATURE PROPER WWW.BHIREALESTATE.COM TIES/HOME BUYER’S MARKETING II FAYETTEVILLE
Top: The top sale in Brunswick County was 83 Ocean Isle West,
Ocean Isle Beach, selling for $2.25 million. Above: The top sale at
Bald Head Island was the No.2 sale in Brunswick County, 20 Indian
Blanket Court, selling for $1.85 million.