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.