Going Crazy -- Carolina Beach Condos Rise

Rising Prices Carolina Beach Condos

  Hey good morning everybody it's Jay with wilmington-real-estate-com.  What is the latest and the greatest with the Carolina Beach oceanfront condos for sale market? Well it's been pretty intense and that's sort of what I've been predicting the last few years and telling people buy now buy now buy now because every year you're gonna lose double-digit income in terms of appreciation besides the rental revenue. And I have a couple examples as a length that are sort of putting 2019 into perspective for Carolina Beach condos. By the way this this focus on the Carolina Beach real estate does to a certain level cover the whole region and is representative. it just happens that our market in Carolina Beach is especially investor friendly because we have high rents combined with low HOA fees usually which eke out that extra couple percent of profit for investors. So it's a special Beach. It's very busy. Some people call it the Redneck Riviera and be a negative about it but for an investor there's nothing to be negative about.  It's a winner if to have in your portfolio! Alright so recently a one-bedroom second row property here just one thousand at Sands I we'll just look at a couple photos of it standard balcony a nice direct ocean view sands does have a pool. And it is it shows well because it has wood floors and an updated kitchen so it's not even that updated. Look at these counters might be original. they put in a backsplash cabinets are newer older appliances; so it's not Pottery Barn whatsoever. But it's painting nicely crisp and clean that close for 201. That's why that's interesting is cuz those just a couple years ago would have closed for 160 on the second row. And then another example here this just closed, and it's the highest closing for a to two that I'm aware of in a long time. this is that Sun Skipper condo. Sun skipper is a nice condominium because it has pools I think it has two pools. so this is a two-bedroom two-bath oceanfront, and it just closed recently for three hundred seventy-five thousand now most of these as of late have been closing in the low three hundreds. and this is just this one is just way up there why why this extreme surge. well the price has been going up for a while. one challenge is we have this horrible lack and minute of an inventory right now I called a real estate situation and it's pretty extreme.
69 Properties
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4
Beds
3F11/2
Baths
2,310
Sq.Ft.
2006
Year Built
3
Days on Site
100450695
MLS
$924,900
Neighborhood: Wilmington Beach
5
Beds
4
Baths
2,153
Sq.Ft.
2024
Year Built
4
Days on Site
100451116
MLS
$319,900
Neighborhood: Sun Skipper
1
Beds
1F11/2
Baths
530
Sq.Ft.
1983
Year Built
5
Days on Site
100450732
MLS
$334,900
Neighborhood: Breakers
1
Beds
1
Baths
640
Sq.Ft.
1982
Year Built
5
Days on Site
100450751
MLS
3
Beds
3
Baths
2,600
Sq.Ft.
2021
Year Built
16
Days on Site
100448839
MLS
$499,000
Neighborhood: A Place At The Beach
2
Beds
1F11/2
Baths
786
Sq.Ft.
1978
Year Built
18
Days on Site
100448242
MLS
4
Beds
3F11/2
Baths
1,800
Sq.Ft.
2006
Year Built
22
Days on Site
100442669
MLS
2
Beds
2
Baths
850
Sq.Ft.
1984
Year Built
24
Days on Site
100447220
MLS
$447,000
Neighborhood: Carolina Lake Beach Villas I
1
Beds
1
Baths
651
Sq.Ft.
1984
Year Built
25
Days on Site
100412422
MLS
5
Beds
4F11/2
Baths
2,531
Sq.Ft.
2006
Year Built
25
Days on Site
100447046
MLS
$340,000
Neighborhood: Ocean Harbor
2
Beds
2
Baths
828
Sq.Ft.
1983
Year Built
30
Days on Site
100446143
MLS
$354,900
Neighborhood: Cabana De Mar
1
Beds
1
Baths
504
Sq.Ft.
1984
Year Built
31
Days on Site
100445876
MLS
$350,000
Neighborhood: Sun Skipper
1
Beds
1F11/2
Baths
512
Sq.Ft.
1983
Year Built
33
Days on Site
100445636
MLS
4
Beds
3F11/2
Baths
3,193
Sq.Ft.
2024
Year Built
36
Days on Site
100445301
MLS
$785,000
Neighborhood: Towne Place Condominium
2
Beds
2
Baths
864
Sq.Ft.
2019
Year Built
37
Days on Site
100444950
MLS
$999,990
Neighborhood: Wilmington Beach
5
Beds
4
Baths
2,235
Sq.Ft.
2024
Year Built
38
Days on Site
100444610
MLS
$980,000
Neighborhood: Wilmington Beach
5
Beds
4
Baths
2,235
Sq.Ft.
2024
Year Built
38
Days on Site
100444612
MLS
$1,025,000
Neighborhood: Wilmington Beach
6
Beds
4
Baths
2,128
Sq.Ft.
2004
Year Built
40
Days on Site
100424744
MLS
4
Beds
4F11/2
Baths
2,152
Sq.Ft.
2024
Year Built
43
Days on Site
100431417
MLS
$350,000
Neighborhood: Atlantic Towers Condo
1
Beds
1
Baths
607
Sq.Ft.
1984
Year Built
44
Days on Site
100443523
MLS
5
Beds
4F11/2
Baths
2,585
Sq.Ft.
2005
Year Built
44
Days on Site
100443717
MLS
$1,135,000
Neighborhood: Wilmington Beach
5
Beds
4
Baths
3,025
Sq.Ft.
2011
Year Built
44
Days on Site
100443748
MLS
5
Beds
4
Baths
2,500
Sq.Ft.
2023
Year Built
44
Days on Site
100443774
MLS
$795,000
Neighborhood: Heart Of Carolina Beach
3
Beds
2
Baths
1,768
Sq.Ft.
2011
Year Built
47
Days on Site
100442895
MLS

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