IN DEPTH Analysis -- Wrightsville Beach Real Estate 2020
Posted by Jay Seville on Saturday, January 4, 2020 at 3:24 AM
By Jay Seville / January 4, 2020
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How's the Market Wrightsville Beach Real Estate Edition 2020
Seriously right now let's talk about Wrightsville Beach oceanfront homes and Wrightsville Beach real estate and condos for sale, etc. How is the market doing in Wrightsville Beach and all that goodness? So real quick my my website Wilmington-real-estate.com, it's been upgraded and it shows the homes so nicely now you can look at a home with all of its pictures just on the main screen with all the listings, and you don't even have to click on the listing. You can just filter through all of these just from the main search results in whatever niche you're looking for. But anyway the markets been interesting here and it gives us a good lesson on how within any market there are niches. I mean it's it's fascinating stuff to look at. So in Wrightsville Beach condos we go back. Let's say I'm looking at a three-year chart here [around march 2019] and the average our median sales price here has gone from about 1.15 million up to 1.6 million. Okay and I just calculated it calculated it out real quick it's 45% increase of home values in three years! Now what in the world is that about about? Well some of its appreciation but then a lot of it is about new construction. So are the homes that used to sell for 1 million really selling for a 1,450,000 now? I would say not quite maybe at $1,250,000. But you had these new construction homes and they cost lots of money. I was under contract on one for duplex for $2,200,000 for one level of the duplex. But it makes the point that these new homes cost a lot of money in Wrightsville Beach. They're pretty infrequent so if you're looking for new construction there's not many opportunities; that's for sure.Actual Wrightsville Beach appreciation for single family houses 2020
What about condos though? They were three years ago at $610,000 and now the average is around $740,000. So those went up maybe one third as much as the houses. I would say they went up, but that’s quite a difference and why would that be? Well are there new construction condos out there in Wrightsville Beach? No almost none okay unless it's a vertical or side by side duplex that's technically a condo. They're not building new buildings there at Wrightsville Beach so that doesn't inflate the value of the condo niche as much. So they stay much more steady with it only showing true appreciation because there's not a new construction condominium buildings to be found in Wrightsville Beach.Â
Wrightsville Beach Condos up 15% 2017-2019
However it varies greatly between buildings. For example Shell Island Resort three years ago the homes that were on floors two, three, four or five, those only used to sell for $240-260,000. But now they're all closing for three hundred thousand and I just sold one on the fourth floor for $298,000, but one of those closed I think on the seventh floor or fifth floor for $310,000. They point is they're almost all over three hundred thousand now three years ago a lot of them were at 240 and 250. So that is crazy appreciation right there over the last three years that show island resort condos for sale. Some general numbers is that for resale condos they have appreciated 15% the past 3 years for older condos. However it really varies from condominium to condominium building.
So hope that gives you some perspective. also real quick let's look at the inventory because that would be fascinating to see and I'm not familiar with it. So there is a dramatic decrease in inventory for both the condos and the houses the last three years. Snd then if we look at on average days on market that should be interesting. So you have higher prices with much smaller days on market and a much smaller inventory or lower inventory. Days on the market are not that unchanged compared to a few years ago, and I'll leave it at that. That tells you a lot about Wrightsville Beach; it is a premier beach it's very wide and deep. It's very flat so people love it because it's for family friendly. your kids aren't going to just drop off a cliff into the ocean. There are spots at Kure Beach that drop off more steeply.
Wrightsville Beach Homes 10+ years old
24 Properties
$619,000
Neighborhood:
Shell Island Resort
1
Beds
1F11/2
Baths
540
Sq.Ft.
1986
Year Built
4
Days on Site
100405645
MLS
Escape to the tranquil seclusion of Wrightsville's north end and discover Shell Island Resort, the premier income producing destination resort on the island. Oceanfront condo 702 offers an abundance...
MLS #: 100405645
$1,695,000
4
Beds
2F11/2
Baths
1,625
Sq.Ft.
2006
Year Built
8
Days on Site
100405147
MLS
Discover beach living at its finest in this exquisite 4-bedroom, 2.5-bathroom residence just steps away from direct beach access on this street. This fully furnished luxurious house offers straight...
MLS #: 100405147Pending
$1,350,000
4
Beds
3
Baths
1,780
Sq.Ft.
2006
Year Built
8
Days on Site
100405183
MLS
Can you feel your toes in the sand? The waves at your feet? Well look no further than this Wrightsville Beach home. This home is steps away from the ocean and is just a short, short walk to Johnny...
MLS #: 100405183Pending
$1,795,000
Neighborhood:
Station One
3
Beds
3
Baths
1,418
Sq.Ft.
1977
Year Built
17
Days on Site
100403523
MLS
This oceanfront townhouse at Station One is a rare find! This is one of sixteen townhouses at Station One and has the feel of a beach cottage. Enjoy the amenities of Station One including the pool,...
MLS #: 100403523
$459,000
Neighborhood:
Summer Sands Condominiums
1
Beds
1
Baths
560
Sq.Ft.
1983
Year Built
21
Days on Site
100398143
MLS
Escape to the captivating heart of Wrightsville Beach, and uncover the unparalleled charm of Summer Sands. A distinguished jewel among the island's premier destinations. Nestled within this idyllic...
MLS #: 100398143Pending
4
Beds
3F11/2
Baths
2,787
Sq.Ft.
2011
Year Built
22
Days on Site
100402919
MLS
Wonderful ocean front, custom family home located on one of the most sought-after blocks on Wrightsville Beach. The open floor plan allows all the main living areas to have excellent views of the...
MLS #: 100402919Pending
$536,000
Neighborhood:
Sand Peddler Inn
1
Beds
1
Baths
570
Sq.Ft.
1999
Year Built
23
Days on Site
100402764
MLS
It doesn't get much better than the south end of Wrightsville Beach. This one bedroom, one full bathroom unit, sleeps 4, & has great ocean views. This unit is unique in the fact that it has an...
MLS #: 100402764
$1,800,000
Neighborhood:
North Shore
3
Beds
1F11/2
Baths
1,100
Sq.Ft.
1941
Year Built
37
Days on Site
100398932
MLS
Welcome to 11 Seagull, offering an exceptional opportunity to bring your vision to life. Whether you envision a modern oasis, a charming coastal cottage, or an architectural masterpiece, this blank...
MLS #: 100398932
$599,900
Neighborhood:
Shell Island Resort
1
Beds
1F11/2
Baths
586
Sq.Ft.
1986
Year Built
43
Days on Site
100327371
MLS
This second floor, popular Shell Island Resort is located on the north end of Wrightsville Beach with unending Ocean, Intracoastal Waterway, and Island views. Let the experienced Shell Island Resort...
MLS #: 100327371
$11,400,000
8
Beds
8F21/2
Baths
6,902
Sq.Ft.
2020
Year Built
44
Days on Site
100399182
MLS
Introducing a Timeless Coastal Retreat: Luxury Oceanfront Haven on Wrightsville Beach.
Nestled on a one way street on the tranquil south end of Wrightsville Beach is an exquisite oceanfront...
Nestled on a one way street on the tranquil south end of Wrightsville Beach is an exquisite oceanfront...
MLS #: 100399182
$12,000,000
Neighborhood:
Shell Island
5
Beds
6F11/2
Baths
5,735
Sq.Ft.
2003
Year Built
51
Days on Site
100398063
MLS
Presented for sale is the largest oceanfront property at Wrightsville Beach. This majestic beach estate sits oceanfront on nearly one acre of land at the end of the private street of Cowrie Lane with...
MLS #: 100398063Pending
$1,449,900
Neighborhood:
Turtlewatch Condominiums
4
Beds
4
Baths
2,132
Sq.Ft.
1997
Year Built
66
Days on Site
100395298
MLS
Luxury living at it's best. With over 2200 sq ft, this 4 bedroom, 4 bathroom fully furnished townhome. Enter the foyer or sitting room to access the elevator or stairs to all floors. Entertain in...
MLS #: 100395298
$5,500,000
Neighborhood:
Seaforth
5
Beds
5F31/2
Baths
3,480
Sq.Ft.
2004
Year Built
66
Days on Site
100395355
MLS
Come join the neighborhood in this coveted South end WB location. Unparalleled waterfront situation for anyone needing dockage for a larger boat. Just a few houses back from the beach, both ocean and...
MLS #: 100395355
$2,900,000
Neighborhood:
Seaforth
4
Beds
4
Baths
2,946
Sq.Ft.
2023
Year Built
77
Days on Site
100393602
MLS
Escape to Wrightsville's coveted south end and find this mint 4BR/4BA NEW construction single family home offered by expert local craftsman, Guy Wiggins. Quietly nestled on low traffic Schloss...
MLS #: 100393602
$635,000
Neighborhood:
Surf Motel Condo
1
Beds
1
Baths
598
Sq.Ft.
1981
Year Built
82
Days on Site
100392831
MLS
Come see this beautiful 3rd Floor Ocean-Front Condo in Surf Motel on popular South side of Wrightsville Beach. Wake up to spectacular views year-round and enjoy sunrises from any window and your...
MLS #: 100392831Pending
$1,580,000
3
Beds
2F11/2
Baths
1,565
Sq.Ft.
2002
Year Built
88
Days on Site
100391756
MLS
Just steps from the beach! This beautiful, well maintained one level condominium features 3 bedrooms, 2.5 bathrooms, large wrap around decks, and ample parking with garage. Home comes furnished with...
MLS #: 100391756
$3,240,000
Neighborhood:
West Shell Island Village
4
Beds
3
Baths
2,964
Sq.Ft.
1991
Year Built
122
Days on Site
100386202
MLS
Unmatched and picturesque setting found in the seclusion of this true Island oasis. Meander north between the Atlantic Ocean and the endless salt marsh of the popular Wrightsville Beach Island in...
MLS #: 100386202
$600,000
Neighborhood:
Shell Island Resort
1
Beds
1F11/2
Baths
534
Sq.Ft.
1986
Year Built
164
Days on Site
100378754
MLS
A little bit of paradise is found on the most northern tip of Wrightsville Beach. Shell Island Resort Hotel has unparalleled ocean, inlet and marsh front views. This well appointed Deluxe 5th floor...
MLS #: 100378754Pending
$475,000
Neighborhood:
Summer Sands Condominiums
1
Beds
1
Baths
540
Sq.Ft.
1983
Year Built
170
Days on Site
100377620
MLS
Escape to the heart of Wrightsville Beach and discover Summer Sands, one of the premier destinations on the island. Highly desirable condo 303 is third level on the coveted soundside of building....
MLS #: 100377620
$1,999,900
Neighborhood:
Harbor Island
5
Beds
3F11/2
Baths
4,020
Sq.Ft.
2005
Year Built
171
Days on Site
100377681
MLS
Wrightsville Beach Living! Talk about hitting the jackpot. 306 Coral Drive is located in the very sought-after Harbor Island community facing breathtaking views with sunsets out of a movie. The 5...
MLS #: 100377681
5
Beds
5F11/2
Baths
3,603
Sq.Ft.
2022
Year Built
201
Days on Site
100372509
MLS
If you enjoy breathtaking sunrises and sunsets with extraordinary water views, then welcome to 101 Salisbury Street. This sound front home located on Banks Channel with 5 bedrooms and 5 bath comes...
MLS #: 100372509
7
Beds
7F11/2
Baths
6,125
Sq.Ft.
2005
Year Built
201
Days on Site
100372528
MLS
Welcome to 805 S. Lumina Ave. This ocean front home located on the south end of Wrightsville Beach has magnificent ocean views from all floors. Walk to the beach on the 6ft wide IPE wood walkway,...
MLS #: 100372528
$565,000
Neighborhood:
Shell Island Resort
1
Beds
1F11/2
Baths
586
Sq.Ft.
1986
Year Built
328
Days on Site
100356079
MLS
Easy living in this fully furnished & updated ocean front unit. Equally great views from the 3rd floor without the wait of an elevator. Shell island offers indoor & outdoor pools, fitness center,...
MLS #: 100356079
$4,295,000
Neighborhood:
Shore Acres
6
Beds
5F11/2
Baths
4,508
Sq.Ft.
1985
Year Built
394
Days on Site
100346107
MLS
Love where you live! Start all your saltwater days in this iconic, 6 BR, 5 bath home! This unique property was constructed by prominent Wrightsville Beach developer Donald Gilstrap (Developer of...
MLS #: 100346107
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