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.

121 Properties
Page 1 of 6
$639,900
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,481
Sq.Ft.
2023
Year Built
2
Days on Site
100407464
MLS
New construction with 9ft. ceilings, open floor plan and split bedrooms. Features include: utility room with additional custom built cabinets, kitchen includes custom built cabinets granite counter...
$425,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
906
Sq.Ft.
1998
Year Built
3
Days on Site
100407375
MLS
If you are lucky enough, you could be here on Island Time. This 3 Bedroom 2 Bath home comes Furnished and all Appliances Convey. Beach Access Is
easy via the 9th Street Scenic...
4
Beds
4F11/2
Baths
2,318
Sq.Ft.
2021
Year Built
4
Days on Site
100381121
MLS
FANTASTIC OCEAN VIEWS and a very short distance to the public beach access!!! This gorgeous 4 bedroom 4.5 bath custom built home located in a much sought after area has a lot to offer!! Located on...
$599,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,628
Sq.Ft.
2008
Year Built
4
Days on Site
100407038
MLS
Don't miss this gorgeous, well maintained home in a fantastic area of the island! This 3 bedroom, 2 bath home may have been built in 2008 but it certainly doesn't look like it. The current owners...
Open 10/1
2707 W Yacht Dr Oak Island,  NC 28465
3
Beds
2
Baths
1,678
Sq.Ft.
2023
Year Built
4
Days on Site
100407205
MLS
LUXURIOUS BRAND NEW CONSTRUCTION 2nd ROW to THE OAK ISLAND INTRACOASTAL WATERWAY ON YACHT DRIVE! This is a CORNER LOT, which is rare & is also one of the most desired combinations on the Oak Island...
Open 10/1
2705 W Yacht Dr Oak Island,  NC 28465
3
Beds
2
Baths
1,678
Sq.Ft.
2023
Year Built
4
Days on Site
100407209
MLS
LUXURIOUS BRAND NEW CONSTRUCTION 2nd ROW to the INTRACOASTAL WATERWAY ON WEST YACHT DRIVE! This is a rare & is one of the most desired combinations on the Oak Island market! CONSTRUCTION IS COMPLETE...
$678,900
Neighborhood: Long Beach
3
Beds
3
Baths
1,234
Sq.Ft.
2004
Year Built
4
Days on Site
100407220
MLS
This meticulously maintained property sits in the southeast section of Oak Island and just a few blocks from the 40th St Public Beach access as well as the Community Recreation Center and kayak...
$750,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,740
Sq.Ft.
2017
Year Built
5
Days on Site
100406947
MLS
This beautiful Fully Furnished 3 bedroom/2 bath centrally located home in the heart of Oak Island - is within walking distance to many great shops and dining - Beach access just few minutes walk or...
$619,000
Neighborhood: Oak Island Bch Villa
3
Beds
2
Baths
1,008
Sq.Ft.
1984
Year Built
5
Days on Site
100407015
MLS
This oceanfront beach home is ready for you to enjoy. The pinnacle of Oak Island condo living. It has been completely and tastefully remodeled. It is a premium, renovated 3 bedroom, 2 bath, ocean...
$549,000
Neighborhood: Tranquil Harbour Island
3
Beds
2
Baths
1,456
Sq.Ft.
2021
Year Built
6
Days on Site
100406713
MLS
Welcome to your dream home in the coastal Town of Oak Island! This beautiful single-level residence offers an impressive 1456 sq ft of living space, providing a comfortable & spacious environment for...
$499,000
Neighborhood: Tranquil Harbour Island
3
Beds
2
Baths
1,300
Sq.Ft.
2019
Year Built
6
Days on Site
100406741
MLS
Coastal Paradise Awaits - Your ideal residence or Vacation Rental.
Welcome to the essence of coastal living! This 3-bedroom, 2-bath Oak Island home, boasting 1300 square feet, embodies an...
$1,450,000
Neighborhood: Turtle Creek
4
Beds
4F11/2
Baths
2,020
Sq.Ft.
2019
Year Built
6
Days on Site
100406760
MLS
On one of the most sought after streets of Oak Island, this custom built Isenhour beach home is ready for your family or a successful luxury rental with a proven history for success! A few short...
3
Beds
2F11/2
Baths
1,516
Sq.Ft.
2014
Year Built
6
Days on Site
100405942
MLS
Welcome to your coastal paradise on Oak Island's serene west end! This charming 3 bdrm, 2.5 bath piling home offers the perfect blend of relaxation and entertainment. Nestled in a quiet...
3
Beds
2
Baths
942
Sq.Ft.
1981
Year Built
7
Days on Site
100392651
MLS
LOCATION..... LOCATION.... LOCATION!!!
Look no further as you have found it! The Marsh Madness offers 3 Bedrooms 2 Baths, the Davis Canal out your back door and the Ocean just 1 block from your...
3
Beds
2
Baths
1,421
Sq.Ft.
2022
Year Built
8
Days 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...
3
Beds
2
Baths
1,096
Sq.Ft.
1994
Year Built
9
Days on Site
100406394
MLS
Unobstructed expansive ocean are yours from this home overlooking Town owned owned oceanfront lots. Second row Beach Home on Oak Island! 3 bedrooms, 2 bath, with open kitchen living space in the...
$265,000
Neighborhood: Tranquil Harbor
2
Beds
2
Baths
1,185
Sq.Ft.
1980
Year Built
9
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
9
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
10
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
10
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....
$769,000
Neighborhood: Tranquil Harbor
4
Beds
3
Baths
1,737
Sq.Ft.
2023
Year Built
12
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...
Open 10/1
138 NW 5th St Oak Island,  NC 28465
$475,000
Neighborhood: Tranquil Harbor
3
Beds
2
Baths
1,117
Sq.Ft.
1963
Year Built
12
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...
Open 10/1
1003 W Yacht Dr Oak Island,  NC 28465
$675,000
Neighborhood: Pinners Point
3
Beds
2
Baths
1,565
Sq.Ft.
2023
Year Built
13
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...
$489,000
Neighborhood: Tranquil Harbour Island
3
Beds
2
Baths
1,250
Sq.Ft.
2022
Year Built
13
Days on Site
100405661
MLS
Nestled at 222 NE 76th St, Oak Island, NC, this charming new home is a coastal paradise waiting to welcome you. With a generous 1250 square feet of living space, this residence boasts a modern design...

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