1st Quarter 2013 Absorption Report

Absorption rate, also referred to as inventory levels or months of supply, gives you an idea of the number of months it will take for the current inventory to be sold out based on the last 12 months of sales.

Housing prices stabilize when supply and demand come closer together. Generally speaking, 5-6 months of supply is “normal”. Less than 5 months of supply will result in APPRECIATING home prices, while 7 months or more of supply will result in DEPRECIATING home prices. The total levels for each county are considerably lower than where they were at their peak in 2009. New Hanover County is now at 7.7 months after peaking at 22.6 months in 2009; Brunswick County is at 11.0 months after peaking at 20.0 months in 2009; and Pender County is at 11.5 after peaking at 22.1 months in 2009.

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Intracoastal Realty’s New Homes: Something To Fit Every Lifestyle

No one knows the local market better than the 250+ agents who proudly wear the Intracoastal Realty blue and gold. Intracoastal Realty is the largest independent and locally owned real estate brokerage firm in southeastern North Carolina. This local expertise also makes them the “go to” agency for marketing and selling new home communities in New Hanover, Brunswick, and Pender counties.

Intracoastal’s New Homes & Condominiums division represents a wide variety of new home communities, from starter homes and seaside bungalows, to urban townhomes and luxurious custom homes in traditional neighborhoods. The consistent theme across all neighborhoods is Intracoastal Realty’s commitment to personal customer service for both buyer and client.

Regency at Landfall
These stately brick homes within the luxurious gated community of Landfall offer spacious, open floor plans and custom quality finishes. Tray ceilings, granite countertops and stainless appliances are standard. Lifestyle amenities include 14 multi-purpose courts, Olympic size pool, fitness center and 45 holes of championship golf. From the $400’s.

Parkside at Mayfaire
Parkside is a traditional neighborhood design of elegant homes, large porches and sidewalks that encourages walking and interaction between neighbors. The restaurants, shops and amenities of Mayfaire are just steps away and Wrightsville Beach is an easy 5 minute drive. Many of the area’s finest home builders offer unique homes in this popular neighborhood. Homes from the $500’s and home sites from the mid $100’s.

Charming and affordable beach cottages at Carolina Beach’s newest beach community are perfect for the coveted beach lifestyle or family get-away. Amenities include a traditional neighborhood design, extensive landscaping and an award-winning clubhouse and community pool with waterfall and slide. Homes priced from the low $300’s, or choose a homesite and build that special cottage.

Willow Glen
A coastal community overlooking the award-winning Beau Rivage golf course, just 10 minutes from Carolina Beach. This new community features an exceptional collection of custom-built homes in a serene setting amid lush fairways, towering pines and rolling hills. Amenities include a community pool and clubhouse and 18 holes of championship golf.

Belle Meade Plantation
Welcome to Belle Meade Plantation, a charming neighborhood off of South College Road that features New Hanover County’s oldest homesite. Low-country style homes are available in six floor plans featuring classic design and alley way entries. Homes begin in the mid $200,000s.

Deer Crossing

A unique eco-community located off beautiful Myrtle Grove Road that is friendly to the planet; friendly to the homeowner’s budget; and friendly to the birds, deer and other area wildlife. Deer Crossing takes proactive measures to minimize residents’ carbon footprint at an affordable price with limitless possibilities. 119 homesites on 60 acres feature numerous amenities, including nature walks, butterfly gardens, sculpture garden and dog park.

Marsh Oaks
Wilmington’s premier uptown neighborhood features award-winning amenities including clubhouse, competition-sized swimming pool, tennis courts and state-of-the-art playground. The final phase is now open, offering creek-side and wooded homesites for custom and semi-custom homes from the mid $300’s to over $1,000,000.

Saltgrass at Marsh Oaks
Saltgrass at Marsh Oaks is nestled quietly in the back of one of Wilmington’s most desirable communities. Builder ForeverHome offers numerous floor plans, starting in the mid to upper $300’s, with unique exteriors and interiors designed to suit any lifestyle. Community amenities include a competition sized pool, clubhouse, tennis courts, and play ground.

Mayfaire Townview
These luxury condominiums are conveniently located in the Heart of Mayfaire’s Town Center, above premiere retail shops, restaurants and entertainment venues. Amenities include a private screening room/movie theater, fitness center and residents’ lounge. Priced from $264,500 and ready for occupancy – or choose an investment home with a tenant already in place.

Additional new home communities marketed exclusively by Intracoastal Realty are Tall Ships Landing, Saylor’s Watch, Palmetto Pointe, Sagewood, Diamond Point, Waterside at Woodlake, Battery Park, The Gates at Great Oaks, and Tanyard Parish.