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First house listed at more than $3 million sold since 2010

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14_Southridge_Oceanside_Exterior.jpg

WILMINGTON, NC (NEWS RELEASE) -- Intracoastal Realty reached a significant sales milestone this month, with the $3.15 million sale of 14 Southridge Road on Wrightsville Beach, NC. This is the first sale over $3 million in Brunswick, New Hanover, and Pender counties since October 2010 and the first $3 million-plus sale on Wrightsville Beach since September 2009, according to local MLS data.

The nearly 5,000 square foot home is one of Wrightsville Beach’s premier oceanfront estates, with fantastic views of the Atlantic Ocean and a host of luxurious amenities. Intracoastal Realty agents represented both the buyer and seller of the property. The sales team of Angie Pool & Associates marketed the property, and Susan Keck of Bobby Brandon’s team negotiated the sale on behalf of the buyer.

The last $3 million-plus home sold in the area was Intracoastal Realty’s Margaret Barclay’s Piper’s Neck Road listing on Figure Eight Island, which sold for $3,495,000 on October 25, 2010. The last sale above $3 Million on Wrightsville Beach was Intracoastal’s Mark Bodford’s Parmele Blvd listing, which sold for $3.2 Million on September 15, 2009.

“The recent uptick in the sale of high-end properties is a potential indicator for a recovering real estate market,” said Jim Wallace, CEO of Intracoastal Realty. “We’re encouraged by the resurgence and think it bodes well for a recovering market.”

According to the Wilmington MLS, five properties have sold for $1 million or more since January 2012. During the same period last year, only one property sold for over $1 million.

Intracoastal Realty is the area leader in selling luxury properties. In 2011, Wilmington MLS data showed that Intracoastal Realty sold 41 properties in excess of $1 million, while the second place company sold eight.

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1%

I was hoping for more occupiers to comment. It's been a boring winter so far...

Nice commission

If the standard 6% commission applies here, there will be a $180k payout. Not bad.

Oh Dear, the Yankees must be

Oh Dear, the Yankees must be back!

So your'e saying ...

... that only those born elsewhere are capable of this type of success?

Nothing says put-down like doing it to yourself. Too bad.

sell of home

Meanwhile the rest of us struggle to buy gas just to be able to get to work!!!! Why is this news??

It's news for a very good reason

We're seeing an increase in high-end luxury property sales. That may mean nothing to you, but it is significant to those who make their living in endeavors related to high-end customers and their spending habits.

Yeah!. Lets hear it for the

Yeah!. Lets hear it for the 1%!

Wealth envy...

...the hallmark of a total loser.

Good 'ol

Good 'ol Commonsense.......somebody makes a statement and he is there to demean them. Then he goes into this hired-killer rant. That is pretty much the hallmark of a loser and somebody with serious mental problems. He must have had a very unhappy childhood trying to be such a bada$$ all the time. Just a tough-talking little boy, I suppose.

Why wouldn't I demean him/her

I neither like freeloading bum Occutards nor respect their nonsensical views. They are vermin.

Now Common...

you know these folks don't need a house THIS BIG! It doesn't matter if they can afford the payments or paid cash, no one "deserves" this size of house. No matter if the buyer started his/her own company from scratch, built it into a successful enterprise, and possibly sold it. They don't "deserve" a house this big. :)

Don't Deserve?

People below your pay grade may think you do not need a house as big as you have. It is all relative.

BTW. Only one house sold in Wrightsville Beach in both 2008 and 2009 for over $3,000,000. Values in Wrightsville Beach have dropped between 30%-50% in the last 4 years. The cost approach does not support the sales price of this latest house. I'm sure it was a cash purchase.

Loser?

Spoken like someone who's either wealthy or travels in the same circles of the wealthy. Let me guess....real estate broker?

Real Estate Broker? I hate sales!

Professional hit man. One shot, one kill. Qualified on all applications of explosives and booby traps. Also capable of naked strangle/knife work for silent take-downs. (See * below)

Business partner asking too many questions? Got an annoying neighbor? Tired of the boat anchor nagging you to clean out the garage? Daughter dating one of THEM? Dad worth millions but healthy as a horse at ninety?

Rates start at $10,000 plus incidentals, all work guaranteed.

50% discount for retired law enforcement/military, 90% discount for anyone wishing to rid themselves of liberals or "Occupiers."

February special: Eliminate three Occutards, get the fourth one free!

Call BR-549, ask for Sal, Lou, Alphonse, or.....I think I used Joey a couple of times.

(*) Occutards removed by shooting or explosives only; H2H techniques not offerred due to increasing cost of RID shampoo and Permethrin cream after touching them.

Good one...

It is amazing how the losers in the world hate the doers...... I guess folks are supposed to feel guilty for working hard and making good decisions. I'd say I feel sorry for them but I don't... you just can't fix stupid.

Liberal poop

I'm surprised he also didn't include the typical liberal poop of "Think of all the (Fill in the blank of your favorite liberal cause) that this money could have helped.

Hmmm, it is the owners money and they are still free to spend it anyway they wish.