Thursday Update: Properties Under Contract through 01/28/2016

Written:  $9,955,500        Units:  32

Closed:    $5,811,028         Units:  21

Listings:   $18,804,400    Units:  21

 

Selling Agent Listing Agent Property Address Town List Price 
Connie Parker Co-Broke 7436 Whitney Drive Wilmington $162,900
Co-Broke Cameron Brown 1620 Goley Hewett Road #404 Bolivia $134,000
Co-Broke Joseph Dalton 732 Rivage Promenade Wilmington $259,900
Co-Broke Donna Foster 5316 Blue Clay Road Wilmington $158,000
Vance Young Co-Broke 243 Williams Road Wilmington $699,000
Co-Broke April McDavid 130 Marshview Wilmington $299,900
David Eggleston Jr Keith Beatty 308 S Front Street Wilmington $995,000
Carla Lewis Carla Lewis 141 Spring Creek Lane Wilmington $88,500
Lisa Wayne Co-Broke 2293 Cottagefield Lane Leland $173,450
Co-Broke Rainelle Mishoe 1005 Talbury Court Wilmington $259,900
Dianne Thistle Lois Potratz 9309 Line Drive Wilmington $139,500
Carla Lewis Co-Broke 14 Arjean Drive #B Wilmington $110,000
Vance Young Co-Broke 2102 Bay Colony Lane Wilmington $649,900
Co-Broke Tee Woodbury 8214 Porters Crossing Way Wilmington $319,000
Kathy Knight Co-Broke 420 Chattooga Place Drive Wilmington $194,900
Susan Keck Susan Keck 109 Dolphin Drive Hampstead $217,980
Co-Broke Bobby Brandon 126 NE 10th Street Oak Island $229,900
Co-Broke Alicia Devereaux 8120 Mason Ridge Lane Wilmington $539,000
Keith Beatty Co-Broke 128 Midnight Channel Road Wilmington $200,000
Co-Broke Keith Beatty 1716 Canady Road Wilmington $264,900
Keith Beatty Tee Woodbury 1216 Arboretum Drive Wilmington $229,000
April McDavid Co-Broke 301 7th Street Carolina Beach $469,500
Co-Broke Linda Register 127 Via Old Sound Boulevard Ocean Isle Beach $725,000
Co-Broke Linda Register 2686 Nags Head Road Supply $119,900
Co-Broke Donna Harvey 1056 New River Inlet Road North Topsail Beach $1,151,000
Janeise Collins Co-Broke 2224 New River Inlet Road #132 North Topsail Beach $59,999

 

 


Thursday Update: Properties Under Contract through 01/21/2016

Written: $11,432,198.46 Units: 32
Closed: $4,596,300.00 Units: 19
Listings: $10,981,000.00 Units: 16

Under Contract
Selling Agent Listing Agent Property Address Town List Price 
Co-Broke Mike Clark 1005 Bay Head Circle Wilmington $279,000
Keith Beatty Co-Broke 516 Barclay Hills Drive Wilmington $124,900
Co-Broke Gwen Hawley 636 Ravenswood Road Hampstead $525,000
Co-Broke Diane Thomas/Eva Elmore 5841 Bentley Gardens Lane Wilmington $384,900
Joseph Dalton Co-Broke 103 Gency Court Jacksonville $134,900
Susan Keck Susan Keck 5892 Peachtree Court Winnabow $22,000
Jane Marr Argie Franck/ Jane Marr 2117 Gillette Drive Wilmington $739,900
Jimmy Hopkins Co-Broke 5249 Panel Court Wilmington $249,500
Alicia Devereaux Co-Broke 1604 Canal Drive #2 Carolina Beach $329,000
Buzzy Northen Buzzy Northen 5 Backfin Point Wilmington $2,995,000
Co-Broke Jimmy Hopkins 639 Jennings Drive Wilmington $165,000
Chris Hoskins Co-Broke 4804 S College Road #11 Wilmington $89,900
Co-Broke Keith Beatty 4334 Eleuthera Lane Wilmington $140,770
Bobby Brandon Co-Broke 5032 Barefoot Drive Wilmington $150,228
Co-Broke Bobby Brandon 1906 Oak Street Wilmington $135,000
Joseph Dalton Co-Broke 228 Marsh Haven Drive Sneads Ferry $174,500
Co-Broke Sarah Burris 7416 Countywood Way Wilmington $149,900
Betsy Leonard Co-Broke 2103 Gibson Avenue Wilmington $164,000
Co-Broke Bobby Brandon 340 Lullwater Drive Wilmington $149,900
Co-Broke Bobby Brandon 5319 Dunmore Road Wilmington $379,000
Co-Broke Keith Beatty 1037 Lt Congleton Road Wilmington $359,900
Alicia Devereaux Co-Broke 104 Church Street Wilmington $344,000
Co-Broke Tom Poston 724 Azalea Drive #439 Hampstead $99,900
Gwen Hawley Gwen Hawley 11 A R Black Avenue Rocky Point $45,000
Rodney Harris Donna Foster 752 Tuscan Way Wilmington $303,900
Co-Broke Sandy Ledbetter 1129 N Anderson Blvd Topsail Beach $550,000

Featured Recipe: Lemon-Garlic Shrimp and Grits

What You’ll Need

  • 3/4 cup instant grits
  • Kosher salt and freshly ground black pepper
  • ¼ cup grated parmesan cheese
  • 3 tablespoons unsalted butter
  • 1 ¼ pounds medium shrimp, peeled and deveined, tails intact
  • 2 large cloves garlic, minced
  • Pinch of cayenne pepper (optional)
  • Juice of ½ lemon, plus wedges for serving
  • 2 tablespoons roughly chopped fresh parsley

Directions

Bring 3 cups of water to a boil in a medium saucepan over high heat, covered. Uncover and slowly whisk in the grits, 1 teaspoon salt and 1/2 teaspoon pepper. Reduce the heat to medium low and cook, stirring occasionally, until thickened, about 5 minutes. Stir in the parmesan and 1 tablespoon butter. Remove from the heat and season with salt and pepper. Cover to keep warm.

Meanwhile, season the shrimp with salt and pepper. Melt the remaining 2 tablespoons butter in a large skillet over medium-high heat. Add the shrimp, garlic and cayenne, if using, and cook, tossing, until the shrimp are pink, 3 to 4 minutes. Remove from the heat and add 2 tablespoons water, the lemon juice and parsley; stir to coat the shrimp with the sauce and season with salt and pepper.

Divide the grits among shallow bowls and top with the shrimp and sauce. Serve with lemon wedges.

Download the recipeTOTAL TIME: 30 minutes (Prep 15 min, Cook 15 min)

SERVES: 4

CALORIES 367; FAT 12g (sat 7g)

PROTEIN 34g CARBS 26g FIBER 9g CHOL 309mg

SUGAR 0g SODIUM 904mg

Recipe Courtesy of Food Network Magazine


February Area Events

Area Events

2/4: An Evening of Classic Lily Tomlin – Wilmington

2/4-6: 36th Annual NC Jazz Festival – Wilmington

2/6: 14th Annual DocuTime Film Festival – Wilmington

2/11: Jazz at the CAM – Wilmington

2/13: Valentine’s Bonfire – Little River

2/13: Special Olympics Polar Plunge – Carolina Beach

2/19-21: Spring Home Show – Wilmington

2/19: 250th Anniversary of the Stamp Act Resistance – Winnabow

2/21: Winter Parrot Head Fest – Little River

2/21: Race 13.1 – Wilmington

2/26: 4th Friday Gallery Night – Wilmington

2/27: Wine & Beer Walk – Wilmington

For more events in Wilmington, Wrightsville Beach, and Pleasure Island, click here. For more events in the Oak Island / Southport area, click here. For more events in the Ocean Isle Beach, Sunset Beach, and Holden Beach areas, click hereBookmark this page on our website for easy access to all of these events throughout the month of February.


Thursday Update: Properties Under Contract through 01/14/2016

Written:  $7,189,526  Units:  31
Closed:    $4,774,740  Units:  19
Listings:   $6,424,400  Units:  17

Under Contract

Selling Agent Listing Agent Property Address Town List Price 
Michael Pirkey Co-Broke 5004 Sun Coast Drive Wilmington $175,000
Co-Broke Lee Crouch 301 Vistamar Drive Wilmington $289,900
Co-Broke Lee Crouch 3727 New Colony Drive Wilmington $187,500
Co-Broke Keith Beatty 6918 Farrington Farms Drive Wilmington $169,900
Jane Marr Co-Broke 627 Caicos Court Wilmington $410,000
Co-Broke Rachel Kastner 1210 Sidney Drive Wilmington $160,000
Stephanie Heller Co-Broke 1933 Jackson Street Wilmington $79,000
Co-Broke April McDavid 1004 Carolina Beach Avenue S #C6 Carolina Beach $152,900
Keith Beatty Co-Broke 2305 Crescent Court Wilmington $172,900
Co-Broke Gwen Hawley 205 Greenview Drive Wilmington $154,000
Co-Broke Lois Potratz 3324 Kirby Smith Drive Wilmington $242,000
Sandra McNeil Co-Broke 425 Chablis Way Wilmington $269,000
Teresa Hill Co-Broke 2203 Gibson Avenue Wilmington $184,900
Brigitte Simone Carla Lewis 825 North Drive Rocky Point $108,900
Co-Broke Sandra McNeil 112 E Sanderling Circle Hampstead $229,900
Cindy Clayter Co-Broke 8516 Old Forest Drive NE Leland $254,900
Co-Broke Clay Draughon 1416 Eastwood Road Wilmington $319,900
Co-Broke Vance Young 2308 Chestnut Street Wilmington $169,900
Bob McCorkle Co-Broke 1170 Willow Pond Lane Leland $397,900
Rainelle Mishoe Co-Broke 300 Craftsman Way Wilmington $289,900
Keith Beatty Co-Broke 523 Tibbys Drive Wilmington $63,900
April McDavid Co-Broke 217 Caroilina Sands Drive Carolina Beach $278,900
Co-Broke Robi Bennett 1200 Saint Joseph Street #66 Carolina Beach $215,000
Jimmy Hopkins Co-Broke 6016 Slipper Shell Drive Wilmington $154,900
Dianne Thistle Co-Broke 2639 Empie Drive Leland $376,876
Co-Broke Bob McCorkle 7012 Forest Bend  Lane Wilmington $282,500
Joyce Barnwell Joyce Barnwell 153 S Navassa Road Leland $98,900
Vance Young Co-Broke 2420 Morgans Ridge Bolivia $1,280,000
Linda Register Co-Broke 213 E First Street Ocean Isle Beach $580,000

 


Congratulations to our Top Producers for December 2015!

Intracoastal Realty recently announced their top producers for the month of December. Jimmy Hopkins  won Closed Volume Team of the Month with $16.5M in sales,  Lois Potratz won Closed Agent & Agent Associate of the Month with $2.5M in sales and Joyce Barnwell won Closed Volume Agent of the Month with $4.5M in sales. Keith Beatty won Listing Team of the Month with $21.3M in new listings, Gwen Hawley won Listing Agent & Agent Associate of the Month with $1.1M in new listings and Jane Dodd won Listing Agent of the Month with $1M in new listings.  Keith Beatty won Under Contract Volume Team of the Month with $6.1M in contracts, Lee Crouch won Contract Agent & Agent Associate with $2.2M in contracts and Nicole Valentine won Under Contract Volume Agent of the Month with $3.1M in contracts.

KEITH BEATTY VANCE YOUNG JIMMY HOPKINS
Closed Vol.  $9.3 M Closed Vol.  $6.3 M Closed Vol. $16.5 M
Contract Vol.  $6.1 M Contract Vol.  $5.3 M
Listing Vol.  $21.3 M Listing Vol.  $5.4 M
JOYCE BARNWELL CARLA LEWIS ANGIE POOL
Closed Vol. $4.5 M Closed Vol.  $4.8 M Closed Vol.  $3.9 M
Contract Vol. $2.1 M Contract Vol.  $1.8 M Contract Vol.  $2.4 M
MICHELLE CLARK LEE CROUCH MARK BODFORD
Closed Vol.  $3.2 M Closed Vol.  $1.6 M Closed Vol.  $3.3 M
Contract Vol.  $2.1 M Listing Vol.  $2.2 M
BOBBY BRANDON NICOLE VALENTINE LOIS POTRATZ
Closed Vol.  $1.2 M Contract Vol.  $3.1 M Closed Vol.  $2.5 M
Contract Vol.  $1.9 M
GWEN HAWLEY DAVID EGGLESTON, JR. JANE DODD
Closed Vol.  $1.3 M Contract Vol.  $2.4 M Closed Vol.  $1.3 M
Listing Vol.  $1.1 M Listing Vol.  $1 M
HARPER FRASER JOY MORGAN CAROLE SHEFFIELD
Closed Vol.  $1.4 M Closed Vol.  $1.4 M Closed Vol.  $1.2 M
NANCY BRADLEY EVA ELMORE EDWINA ST. PIERRE
Contract Vol.  $1.2 M Closed Vol.  $1.1 M Closed Vol.  $1 M
ERICA MEARNS
Listing Vol.  $1 M

 

Other Members of the Producer’s Club with $500K – $999K:
Closed Volume: Sandy Ledbetter, Tee Woodbury, Buzzy Northen, Robbie Robinson, Rainelle Mishoe, Connie Parker, Kathy Foster, Lisa Wayne, Ashley Garner, Robin Summerlin, Rodney Harris, Bob Fannon, April McDavid, Susan Lacy, Nan Weiss, Zander Koonce, Don Harris, John Mohr, Sonia Morris

Listing Volume: Joyce Barnwell, Lisa Wayne, Carla Lewis, April McDavid, Lois Potratz, Sandy Ledbetter, Rainelle Mishoe, Stephen Mills

Contract Volume: Alicia Devereaux, Jane Dodd, Bob McCorkle, Kathy Foster, Ashley Garner, Diane Thomas, Diane Steelman, Sandra McNeil, Lisa Wayne, Robin Summerlin, Robi Bennett, Diana Holdridge, Brittni Harding, Margery Jordan


Who Has The Best Lasagna In Town?

Recently, a client of Sarah Burris‘ asked where the best lasagna in town is as their family has recently relocated to Wilmington area. Sarah reached out to our family of 300+ Intracoastal Realty agents and tallied up the results.

Ranking in order of preference, here are the results:

    1. Terrazzo Trattoria

About: Bustling cafe turning out Italian classics such as manicotti, chicken piccata, lasagna & pizza. Location: 1319 Military Cutoff Rd, Wilmington, NC 28405 Phone: 910-509-9400  Hours: Tues-Fri 11:30 am to 10 pm, Sat 5 pm, Closed Sunday and Monday

2. Taste of Italy

About: Mom-&-pop New York–style deli serving meat by the pound, sandwiches & plates in an fuss-free atmosphere Location: 1101 S. College Rd, Wilmington, NC 28403 Phone: 910-392-7529 Hours: Weekdays: 8 am to 8 pm, Sat: 8:30 am to 7:00 pm, Sun: 11 am to 6 pm

3. Osteria Ciccheti

About: Casual Italian restaurant & wine bar with a compact menu of pizzas, pastas & meat dishes.

The Forum Location: 125-K Military Cutoff Rd, Wilmington, NC 28405 Phone: 910-256-7476  Hours: Monday-Friday Lunch 11:30, Dinner: 4:00 pm, Saturday and Sunday: 5:00 pm 

Monkey Junction Location: 5104 S. College Rd, Wilmington, NC 28412 Phone: 910-392-3490  Hours: Everyday Dinner: 4 pm, Sunday Brunch Buffet: 10 am to 2 pm

4. Pizzettas

About: While the delicious pizza at Pizzetta’s is highly-acclaimed, Pizetta is also known for it’s garlic knots and pastas. With a kid-friendly, casual atmosphere, it’s a great way to silence your inner Italian cravings.

Locations: 4017 Oleander Dr, Wilmington, NC 28403 Phone: 910-799-4300 Hours: Fri and Sat: 11 am to 11 pm, Sunday 12 pm to 10 pm

5. Martino’s

About: Family owned and operated, Martino’s Fine Italian Foods has been serving delicious and authentic Italian foods to the Wilmington and Wrightsville Beach areas since 2006, but has been in this business for over 20 years. Martino’s offers Wilmington’s best sandwiches, prepared gourmet cuisine, variety of mouth-watering cold cuts, freshly made mozzarella every day, wines, irresistible desserts, fantastic catering for any occasion, groceries and much more! 

Location: 7041 Wrightsville Ave, Wilmington, North Carolina 28403 Phone: 910-509-2727 Hours: Mon: 10 am to 2 pm, Tues-Fri: 10:00 am to 6 pm, Sat: 11 am to 5 pm

6. Roko Italian Restaurant

About: Updated & classic Italian offerings, including gluten-free pasta, in an upscale-casual setting.

Location: 6801 Parker Farm Dr, Wilmington, NC 28405 Phone: 910-679-4783 Hours: Mon-Sun: 4 pm to 10 pm

7. Freddie’s Restaurant

About: Quaint, red-checkered tablecloth Italian bar & grill with American chop & steak dishes on the menu.

Location: 111 K Avenue, Kure Beach, NC 28449 Phone: 910-458-5979  Hours: Sun-Wed: 5 pm to 9 pm, Thurs-Sat: 5 pm to 10 pm

8. Fat Tony’s Italian Pub

About: Pizza, other Italian eats & craft beers on tap in a casual sports-bar setting with outdoor seating.

Location: 131 N Front St, Wilmington, NC 28401 Phone: 910-343-8881 Hours: Mon-Thurs: 11 am to 10 pm, Fri-Sat: 11 am to 12 pm, Sun: 12 to 10 pm

 


Thinking of Buying A Home? Consider This.

Questions for Buying a Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market.

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money. They are:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space

What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest Home Price Index from CoreLogic, home values are projected to increase by 5.3% over the next 12 months.

What does that mean to you?

Simply put, if you are planning on buying a home that costs $250,000 today, that same home will cost you an additional $13,250 if you wait till next year. Your down payment will need to be higher as well to account for the higher home price.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors and Freddie Mac have all projected that mortgage interest rates will increase by approximately three-quarters of a percent over the next twelve months as you can see in the chart below:

Mortage Rate Projections

Source: KCM


Infographic: Change In Home Sales By Price Range

Recently, this infographic was shared outlining the changes in year over year homes sales based on price range.

Change-In-Home-Sales-KCM

To highlight some of the data:

  • Home Sales are up year-over-year in the top 4 price ranges and only slightly below last year’s numbers in a fifth.
  • A lack of distressed property inventory has led to a slow down in sales in the under $100K price range.
  • As home prices continue to rise, there will be less homes available for sale in the lower ranges

This data was collected from NAR 1/2016 and reflects a comparison for home sales in 2015 nationally as prepared by the National Association of Realtors.

We compared these numbers to our local markets in New Hanover and Brunswick County and here is how our home prices measure up to the national averages.

For New Hanover County only, when comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15:

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase
  • For the $250-500K and the $1M+ price ranges, home sales have increased more than 25% when compared to the prior year
Change in Home Sales By Price Range New Hanover

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of WRAR (Wilmington Regional Association of Realtors):

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • The $100K and under price range is showing the smallest increase with less than 1 percent.
  • For the $100-250K and $750-1M price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $500-750K price ranges, home sales have increased more than 20% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 30%
All of WRAR Change In Home Sales By Price Range Single Family Home 01.2016

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of BCAR (Brunswick County Association of Realtors):

  • Home Sales are up year-over-year in all but one price range where the home sales price was under $100K
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $750-1M price ranges, home sales have increased greater than 30% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 120% over 2014.
Change in Home Sales By Price Range BCAR 1 2016

Thursday Update: Properties Under Contract through 01/07/2016

Written:  $8,233,190    Units:  32
Closed:    $14,075,100  Units:  23
Listings:   $9,791,739    Units:  23

Under Contract

Pam Kittredge Co-Broke 6053 Inland Greens Drive Wilmington $180,000
Co-Broke Alicia Devereaux 1112 Bowfin Lane #1 Carolina Beach $329,000
Jimmy Hopkins Co-Broke 3401 N Kerr Avenue Wilmington $184,500
Drew Mayer Co-Broke 554 Grande Manor Court #204 Wilmington $249,900
Co-Broke Joyce Barnwell 673 Settlers Lane Kure Beach $289,000
Cameron Brand Co-Broke 1051 Lanterns Way Leland $219,000
Co-Broke Sandra McNeil 4629 Pineview Drive Wilmington $199,500
Co-Broke Joseph Dalton 341 Belveder Drive Holly Ridge $185,000
Co-Broke Joy Morgan 151 E Lake Emerald Drive Wilmington $244,900
Eva Elmore Co-Broke 2010 Burnett Avenue Wilmington $150,000
Phil Brady Co-Broke 302 Erinshire Court Wilmington $195,000
Co-Broke Keith Beatty 4308 Eleuthera Lane Wilmington $140,940
Co-Broke Susan Lacy 4230 Lake Avenue Wilmington $139,000
Keith Beatty Co-Broke 1525 Field View Road Wilmington $250,000
Co-Broke Eva Elmore 301 Cores Court Wilmington $250,000
Co-Broke Marcello Caliva 1001 Coleridge Drive Wilmington $159,900
Joy Morgan Co-Broke 5838 White Heron Road Wilmington $389,500
Co-Broke Keith Beatty 4312 Eleuthera Lane Wilmington $140,940
Robi Bennett Co-Broke 1105 Bowfin Lane #2 Carolina Beach $325,000
Co-Broke Lois Potratz 7105 Saybrook Drive Wilmington $388,000
Lois Dixon Gwen Hawley 3121 Dever Court Wilmington $479,000
Argie Franck Co-Broke 218 Avant Drive Wilmington $249,900
Keith Beatty Co-Broke 4316 Eleuthera Lane Wilmington $141,320
Adriana Meakin Co-Broke 6316 Marywood Drive Wilmington $789,000
Co-Broke Angie Pool 5434 Andover Road Wilmington $148,900
Cindy Clayter Kathy Foster 218 McRae Street Wilmington $187,500
Co-Broke Ashley Garner 1115 Swordfish Lane Carolina Beach $89,900