Market Frenzy for NEW Homes in Oak Island

0 DOM -- Practically necessary for NEW construction Oak Island

See video below and the new construction homes at the bottom of the page. And here's my cheesy logo; you can tell it cost all of I think $70. But honestly even if I spent $500 I don't know that I could beat this thing. I mean this it totally cool if you ask me.  Um, the website is here and I have here at Wilmington-real-estate.com Oak Island new construction homes. So quick a few of them are ground level. Usually they're on pilings. I’ll have that coastal looking and stuff like that. One nice thing before I go into detail here on the market is uh here you can sort of click and see photos of the listings all from the home screen; you don't even have to leave the main search screen to see photos. I have a bad connection right now by the way. Or you can actually click on the listing and see them all anyway.  What I wanted to talk to you about this this situation we have with Oak Island new homes for sale and the dramatic Market situation we have. For a little context here you go back to ‘06 there were 12 new construction listings--fly over to recent years there is 160 new construction listings. A little history is around 2012 you see here there was 25, 24, 27, there was a new construction boom at Carolina beach. And the prices started rising there. The actual land and lots to build on started disappearing. Around 2016 they ran out of places to build in new construction Carolina Beach so Oak Island showed up in dramatic fashion, and they quintupled the amount of new construction there within two years. From 2016 to 2018 it went from like 35 to 185. I don't know what the word is for multiplying by 6, sextupled maybe I'm not sure.  But you get the point is that new constructions exploded in Oak Island and right now when you look at new construction in Oak Island homes for sale, this is what pulls up that has been built in 2019 or 2020. And the point is that I’m making here as you can see from all the yellow dots everywhere most of it is under contract even though it's brand new. So what is the market like here if you're trying to get a new home for sale in Oak Island? Well I’m sorting these uh by the date that they came on the market and we'll see some tendencies here. Generally these homes are under contract within the first week--most of them within 1 to 3 days. So this one here came on the 17th, was under contract the 19th. This one came on the 14th, under contract the 16th. The one’s the 13th under contract the 16th. Oh, this one took a long time. Under contract the 10th , excuse me on the market the 10th, and the 16th. Scroll down to some more examples of these. This one was a longtime the 22nd, and that waited until July 6, but then the two underneath it the 22nd, 23rd. Uh again here one week, here uh 2 weeks. 

New Construction Oak Island NC Strategy

Generally though in the last month almost everything coming on the market has been under contract within a few days for the uh new construction of Oak Island homes for sale. So that's pretty intense but even more intense is if you actually go and look only in the under $400,000 price range, and that's what originally brought me to this to the situation here, it's even much more extreme. And that is everything is under contract new construction under 400,000, and all of it, uh, let's see two days, 2 days, 3 days, a week, one day, zero days, 0 days, one day. And it's all under contract almost immediately. You have to go back to listings in uh, May, when there was a gap between the listing date and the contract date. That was probably due to some temporary covid anxieties which have long disappeared in our region for Wilmington real estate. So that is the main point that I’m making. If you’re looking for a new home for sale in Oak Island, a new construction home, if it's under 400,000, it's sort of like a “good luck with that situation” because you need to be on it day zero. And we need to send our contract in by day one at the latest otherwise good chance you lost.

113 Properties
Page 1 of 5
3
Beds
2
Baths
1,421
Sq.Ft.
2022
Year Built
1
Day on Site
100406460
MLS
MUST SEA and almost complete! Lots of builders are trying to pre sell homes that aren't even started & have you fund their build; you don't pay for this one until it has CO & you can use regular...
$265,000
Neighborhood: Tranquil Harbor
2
Beds
2
Baths
1,185
Sq.Ft.
1980
Year Built
2
Days on Site
100406398
MLS
Embrace the spirit of opportunity with this charming 2-bedroom, 2-bathroom 1980 Single-Wide mobile home, nestled on a spacious 55' x 120' parcel in the once sleepy coastal town of Long Beach. Much...
$649,900
Neighborhood: Yaupon Beach
4
Beds
3
Baths
1,836
Sq.Ft.
1983
Year Built
2
Days on Site
100406413
MLS
Opportunity on Oak Island! Wonderful home in the Yaupon Beach section of Oak Island on 3 lots with room for the family to enjoy. New LVP flooring throughout the main living area with new carpet...
3
Beds
2
Baths
1,857
Sq.Ft.
2015
Year Built
3
Days on Site
100406251
MLS
Oak Island Oasis ! 4-Car Garage on 1.5 Lot, with 1857 heated square feet is a Rare Find on Oak Island ! This open concept home has all of your living on the primary floor, a terrific screened-in...
$779,000
Neighborhood: Yaupon Beach
3
Beds
2
Baths
1,426
Sq.Ft.
1965
Year Built
3
Days on Site
100406353
MLS
Lovely, well maintained, spacious home located a short walk from the beach in desirable area on beautiful Oak Island, NC. Perfect primary, 2nd, or beach rental home! No HOA. Not in a flood zone....
$600,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,466
Sq.Ft.
2023
Year Built
4
Days on Site
100406038
MLS
Embrace the beach lifestyle in this exquisite, brand-new construction nestled in a prime location, just a leisurely stroll away from the sandy shores. This remarkable floor plan is thoughtfully...
$769,000
Neighborhood: Tranquil Harbor
4
Beds
3
Baths
1,737
Sq.Ft.
2023
Year Built
5
Days on Site
100405767
MLS
Gorgeous new construction home in desirable location with beautiful oak trees. Open floor plan of 1737 square feet with 4 bedrooms and 3 full baths plus an outdoor shower, 30x12 storage with a golf...
$475,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,117
Sq.Ft.
1963
Year Built
5
Days on Site
100400463
MLS
Welcome to your dream home by the beach! Step into this completely renovated 3-bedroom 2 bathroom gem, just a stone's throw away from the beach and the Intracoastal Waterway! As you enter, you'll be...
$675,000
Neighborhood: Pinners Point
3
Beds
2
Baths
1,565
Sq.Ft.
2023
Year Built
6
Days on Site
100405636
MLS
Your new Island home awaits to enjoy endless summers on the Carolina coast! Completed in September of 2023, become immersed in Oak Island as you sit on your front porch meeting your community as they...
$1,499,000
Neighborhood: Pinners Point
4
Beds
3F11/2
Baths
2,586
Sq.Ft.
2014
Year Built
6
Days on Site
100405693
MLS
Calling all boaters and waterfront enthusiasts! Nestled along the scenic Intracoastal Waterway (ICW), this property offers the ultimate coastal lifestyle experience. With its prime location, this...
$855,500
Neighborhood: Tranquil Harbor
6
Beds
3
Baths
2,908
Sq.Ft.
2017
Year Built
7
Days on Site
100405540
MLS
Unbeatable location. This home is located just .3 of a mile from the beach. 69th street dead ends into a public parking area, with public beach access. This is a 2900 sq. ft. home to die for. It...
$2,099,900
Neighborhood: Long Beach
6
Beds
3F11/2
Baths
2,350
Sq.Ft.
2005
Year Built
9
Days on Site
100405323
MLS
Home like new! Welcome to this luxurious 6 bedroom, 3.5 bathroom oceanfront beach house on Oak Island!
This labor of love was recently completely renovated from top to bottom, inside and out!...
Open 9/25
155 NE 11th St Oak Island,  NC 28465
$425,000
Neighborhood: Tranquil Harbor
2
Beds
1F11/2
Baths
1,001
Sq.Ft.
1965
Year Built
10
Days on Site
100405169
MLS
Welcome home to your ideally located, move in ready beach getaway that has been used as a part-time Airbnb. This picture perfect cottage is 2 blocks from the 9th St. walk over and a bike ride to the...
6
Beds
5F11/2
Baths
2,300
Sq.Ft.
2005
Year Built
11
Days on Site
100404798
MLS
Welcome to Key Rest! Presented for sale is 724 West Beach. This is an ABSOLUTELY STUNNING 6-bedroom, 5 -bath second row beauty! Nestled in the coveted second row from the beach, this property...
3
Beds
2
Baths
1,600
Sq.Ft.
1993
Year Built
11
Days on Site
100404828
MLS
Awesome location-just 2 blocks to 40th St. beach access; close to grocery stores, restaurants, Middleton Park, and in highly desired LSV zone. So many things to love about this one-wired...
$499,000
Neighborhood: Pinners Point
3
Beds
2
Baths
1,610
Sq.Ft.
1977
Year Built
12
Days on Site
100404721
MLS
Charming beach bungalow on the quiet west end, recently remodeled & move-in ready, w/ two detached buildings offering additional flex space options! This spacious 3-bed 2-bath home features two...
$359,000
Neighborhood: Tranquil Harbour Island
3
Beds
2
Baths
1,127
Sq.Ft.
2006
Year Built
12
Days on Site
100404484
MLS
Welcome to Oak Island! Check out this amazing home that is just a 5-6 minute walk from the beach. This very well maintained 2006 Clayton Home on a raised brick foundation has only been used as a part...
3
Beds
2F11/2
Baths
1,572
Sq.Ft.
1984
Year Built
16
Days on Site
100404182
MLS
Introducing a rare opportunity to own a well maintained island residence on a DOUBLE CORNER lot just four streets from the beach! Surrounded by some of the oldest and most beautiful live oak trees on...
$1,290,000
Neighborhood: W. Long Beach
4
Beds
3
Baths
1,651
Sq.Ft.
2005
Year Built
17
Days on Site
100404033
MLS
Dreaming of the perfect beach house? This house can certainly make those dreams a reality.
Ideally located on the beautiful Oak Island, this house is the perfect fit for anyone looking for a...
$475,000
Neighborhood: Tranquil Harbor
3
Beds
1
Baths
1,028
Sq.Ft.
1963
Year Built
17
Days on Site
100404089
MLS
Don't miss this adorable beach bungalow on a huge fenced DOUBLE LOT in prime NE island location! Home has been updated using a professional contractor inside and out. As you enter you will...
$625,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,344
Sq.Ft.
1972
Year Built
18
Days on Site
100403826
MLS
This home might just be the one you are waiting for. Incredible location with great views of the ICW. Relaxing on this front porch will be easy! Renovated home that sits on oversized lot.t Backyard...
$550,000
Neighborhood: Pinners Point
3
Beds
2
Baths
1,474
Sq.Ft.
2019
Year Built
18
Days on Site
100403862
MLS
This striking home on the Island is your opportunity to experience many hours of fun in the sun, not just at the beach, but also enjoying time in the inground saltwater POOL, a backyard oasis! And...
$459,000
Neighborhood: Tranquil Harbor
3
Beds
1
Baths
980
Sq.Ft.
1965
Year Built
18
Days on Site
100403719
MLS
Welcome to this 3 bedroom 1 bath beach cottage. One block away from the public boat ramp with a lot of boat parking. Two large buildings with a lot of storage. Walking distance to shops, restaurants...
$415,000
Neighborhood: Tranquil Harbor
2
Beds
1
Baths
936
Sq.Ft.
1976
Year Built
21
Days on Site
100403302
MLS
ABSOLUTELY ADORABLE BEACH COTTAGE presented for sale in a sought after location on Oak Island. Welcome home to 112 NE 20th Street..located right near the Southeast 20th Street scenic beach walkover....

Post a Comment