February 10, 2013

Wrightsville Beach Magazine: The Market is Looking Up: 12th Annual Real Estate Roundup

Here's a great article from Wrightsville Beach Magazine summing up the state of the Wilmington real estate market. 

This is the rundown for Pleasure Island: 
"Pleasure Island saw strong increases as well with a $19.4 million increase from 2011, which was a 41-percent increase over 2009 sales. 

Year-end also saw 66 additional properties pending closing on this two-town island. 

Twenty-five percent of all the closings was either a short sale or foreclosure, says Sharon Laney, co-owner of Prudential Laney Real Estate, and sales manager of the Carolina Beach office. But now that inventory is drying up, we will get back to a normal market when properties are not a foreclosure or short sale, she says..."

Read the full article here.
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