Real Estate Still A Hot Investment




HOT! HOT! HOT!  Investing in real estate can be a great way to create income and build wealth, but owning rental property isn't for everyone. Many people simply don't have the time and patience to be a landlord, while others are turned off by the thought of inconsistent income. Because of this, the smartest way for most people to add real estate to their portfolios is through equity REITs. Because of the high income potential combined with property value appreciation, the right kind of REITs can deliver consistent market-beating total returns over time. In fact, all five of the REITs mentioned here have handily beaten the S&P 500's total return over the past 20 years

Call me if you have any questions about an Investment property you see available on the market. I’d be glad to provide you with all the information and guidance you need. Email me with any questions.

Wilmington NC Real Estate
Currently on the market there are 1413 single family homes in the greater Wilmington area  and 672 under contract.  In the last month there were 3012.

Wilmington Rental Market
Wilmington boasts a very competitive renters market. Rental property is in high demand and availability is low. Rent prices have not changed over the past 3 months. This is 8 percent lower than the county average of $1,324 and same as the state average of $1,218. Those that do turn to renting should expect to pay about $1,228 a month in rent.

Penthhouse Sales on The Way Up

The year started with the now-famous $88 million sale of a penthouse at 15 Central Park West, and before 2012 was done, city-wide records for condo, co-op and townhouse sales had all been broken — some more than once.

In 2012, there were 10 sales over $30 million, compared to six in 2011, according to data from the listings website StreetEasy. And at $88 million, 2012’s most expensive sale dwarfs 2011’s $48 million record and 2007’s $50 million top deal.
Brokers attributed 2012’s jaw-dropping prices to limited inventory and a seemingly insatiable appetite for high-end product.

Luxury Homes in Wilmington Selling.

Luxury Homes are they moving in Wilmington?
In the last 6 months we have seen 21 homes sell that were priced above 1 million. 13 of those were in Wrightsville Beach. Some great deals are being had with some of the higher priced homes seeing a 25% decrease in pricing. Many who have been sitting on the fence are finally getting off.

My Listing on Fig 8 Sold Aug 30, 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!

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.

How do Figure Eight Homes Sales stack up?

How did the luxury market stack up in 2011? Figure Eight being one of the exclusive areas in New Hanover County to shop for Luxury Homes. In 2011 there were 10 homes sold on Figure Eight Island a jump from 2010 where there were only 7 homes sold. The highest price one being $2.8 million. Most of the homes sold between 85 and 90% of their list price. Look at this home I have listed on Figure Eight Island. This home is one of a kind located in the middle of the island on the intracoastal on one of the most coveted lot on the island.

Figure Eight Luxury Homes

Looking for an exclusive private island?  Figure Eight Island is the ideal option, oozing Southern elegence and privacy located on the North Carolina Coast just minutes from Wilmington.
This 1,300-acre, five-mile island retreat features only private homes – currently 460, and each one is different. You won’t find cookie-cutter developments. And the homes are gorgeous, most with spectacular ocean, sound or marsh views. From luxurious, exquisite five and six bedroom homes to more modest three and four bedroom bungalows, all have their own personalities.

The island has permanent residents, but is popular as a second home and vacation location, too, often as a haven for celebrities and politicians

Luxury Home Specialist in Wilmington NC- What Does it Take?

You have certainly heard the expression, “beauty is in the eye of the beholder”.  As a luxury real estate marketing professional it is important for me to tune into your tastes and preferences of my client when selecting properties to show them.

Being in the business of luxury, it is important to get acquainted and understand the customs and the ways of buyers who are here from other countries.  Rolex and other luxury brands understand the global market place.  They know what works and doesn't work. The Luxury Home market is the same. Each home require its own unique marketing plan and likely will be bought by an out of state buyer. Indeed the more expensive the home the more likely the buyer could come from 1000 miles away. My objective is to ensure that all buyers are well qualified and present needed docs.

The Wilmington Luxury Market is such a sought-after luxury real estate destination. The area is also home to several well-esteemed wineries, and also has a number of amazing golf courses to suit your luxury lifestyle. Combine all this with the sunny beaches, historic charm, and the legendary Southern hospitality, and it’s easy to see why.