Sunday, March 25, 2012

Ocean Front in Wrightsville Beach Do You Own the Ocean?

For much of North Carolina’s history, the rights of oceanfront property owners have been loosely defined. This was due in part to the slow pace of development of much of the state’s
oceanfront shoreline. Consequently, there were fewer opportunities for conflict between oceanfront property owners, the state and the general public. All that changed in the past 50
years, the barrier islands and ocean beaches have seen a marked increase in development. This has occurred in conjunction with severe erosion caused by hurricanes, nor’easters, sea level rise and man-made activities, such as dredging and building jetties. The waters of the Atlantic now are lapping at the foundations of million-dollar oceanfront homes, condominiums, hotels and businesses.

 As a general common law rule, when natural cycles and processes result in additions (accretions) to the beach, the increase belongs to the oceanfront owner to whose shoreline
the accretions adhere; if the cycles result in erosion of the shoreline, then the oceanfront owner sustains the loss. In other words, the oceanfront property owner’s boundary is never fixed, but is always a shifting, ambulatory boundary line — moving as the natural process changes the shoreline.

So when buying that Million Dollar View in Wrightsville Beach or anywhere on the coast remember your lot could increase or decrease.

Saturday, March 17, 2012

Trying to sell a Wilmington NC Luxury Home in this market? What are the Key Elements.

VALUE--Due to current economic times, the inventory of Wilmington NC Luxury Homes is huge, and the buyer pool is certainly smaller and much more selective. Is your home considered a value in comparison to your competitors
EXPOSURE--Not just the MLS, cutting edge exposure using social media websites and viral marketing.

MOTIVATION--Buyers are sitting on the side-lines, watching prices fall and waiting for the perfect moment to swoop in to get a "deal."

As we have seen in the last 4 months homes are starting to move. Remember only the best priced, best in condition wins!

Tuesday, March 13, 2012

What Makes Luxury Wilmington NC Homes Sell?

Lifestyle Photography

Lifestyle Photography is about adding life, perspective and emotion to photos and telling a story about your home and its personality. It creates a mood, sets a scene and opens a window for buyers to see into your world, letting them experience what you’re the qualities of your home and enticing them to find out more.
The outcome, to translate and advertise their home through engaging Lifestyle Photography. Here at Coldwell Banker Previews we aim high! There are many luxury homes in Wilmington NC. We need to make sure they stand out from the crowd!

Sunday, March 11, 2012

Wilmington NC Luxury Homes Statistics

Wilmington NC Luxury home market statistics from year on year.

Annual Luxury Homes Sold priced above $750,000 in the Greater Wilmington area.


· 2007  there were 189 homes sold.

· 2008 there were  128 homes sold.

· 2009 there were 39 homes sold.

· 2010 there were 85 homes sold.

· 2011 there were 74 homes sold.

· So Far in  2012 there have been 10 homes sold with the highest being $3.1 million.

Friday, March 9, 2012

Luxury Home Features Underwater views? Not in Wilmington NC

Looking for somthing like this in Wilmington NC?  My friend you will have to build your own luxury retreat with underwater views in Wilmington NC.

This distinctly contemporary design features a long, deep swimming pool that extends beneath a raised portion of the house, while lower floors enjoy underwater views through portals. In the living spaces this means filtered blue light, a welcome alternative to the harsh desert rays. The interiors are spacious, if a bit austere, with three bedrooms and six bathrooms spread over 4,300 square feet located California.

Monday, March 5, 2012

Luxury Home Sales Rise in Wilmington Area

Since January, five local Luxury residential properties have sold for $1 million or more, according to the Wilmington Multiple Listing Service (MLS). Only one property sold for over $1 million during this period last year.

This is an indicator for a recovering Luxury real estate market, buyers are finally starting to realise the potential of fantastic home prices and incredible interest rates. We are on the way to a recovering market.

The first home sold for over $3 million in Brunswick, New Hanover and Pender counties since October 2010; it was the first $3 million-plus sale on Wrightsville Beach since September 2009, according to local MLS data.

The three-story house, located at 14 Southridge Road on Wrightsville Beach, sold for $3.15 million.  It was built in 2007 and orignally listed for $5.25 million. At the time, that was the peak of the market and almost impossible for someone make an profit with a market decline of 28 to 33 percent and carry it for five years.

The last $3 million-plus home sold in the area was a 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 a Parmele Blvd. listing, which was sold for $3.2 million on September 15, 2009.

Now is the time to get into a luxury home at a mere fraction of what it used to cost.