Absorption Reports: 3rd Quarter 2018

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 (Seller’s Market), while 7 months or more of supply will result in DEPRECIATING home prices (Buyer’s Market).  Each of the counties in our area are at their lowest inventory levels since 2005.  New Hanover County is showing a total of 2.5 months of inventory for existing home sales (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 3.9 months (peaked at 20.0 months in 2009); and Pender County is at 3.7 months (peaked at 22.1 months in 2009).  As you can see from the three county charts below, inventory levels vary by price segment.  Take a look at the absorption reports for a better idea of where your house stands in the market, and contact an Intracoastal Realty agent to learn about the supply and demand for your specific neighborhood.

New Hanover County


Brunswick County


Pender County


Luxury Spotlight: Mount Pleasant, Auckland and Elia Mykonos

MAGNIFICENT ESTATE IN MOUNT PLEASANT, SOUTH CAROLINA

This magnificent estate in the prestigious golf community of Dunes West is waiting for its new owner. This one of a kind property is beautifully situated on a 1.18-acre lot overlooking a three-acre lake. It is surrounded by the 13th tee box and the 14th hole of the Arthur Hills designed golf course. The views of the picturesque pond and the golf course are breathtaking. The long palm tree lined driveway features its own coded private security gates and leads to a grand front entrance handcrafted from Tennessee Flagstone. Once through the custom solid mahogany double doors, the dramatic 26′ foyer boasts remarkable European style architectural detail. Just off of the foyer lies the mahogany-paneled gentleman’s billiard room and bar, which is fully equipped with built-in, unmatched entertainment amenities to include home theater surround sound integration and three flat screens including an 80″ theater TV. The 10′ mahogany bar is fully equipped with a sink, dishwasher, beverage center, ice maker hook up, and surfaced with exotic Vernier Granite. Of the four bedrooms, two are complete with massive California Closets, en-suite, and three have access to outdoor living spaces. The office/study could be utilized as a 5th bedroom. This property has unmatched outdoor resort quality amenities including one of the largest private residential swimming pools in Mount Pleasant. The 12 person raised and jetted infinity hot tub spills into the heated and cooled 20′ X 40′ pool. The four 6′ high volume waterfalls and shooting fountains add to the Mediterranean feel of this travertine-clad oasis. Entertainment is all around with an outdoor flat screen television, 10 outdoor speakers, expansive seating, and propane hookup for the grill. Four decks of outdoor living space all feature gorgeous views. A fire pit for those chilly nights conveys. The huge commercial grade gourmet kitchen features custom handcrafted cabinets that were built on-site. The large counter surfaces are covered with Luxullianite Tiger Granite. The island is covered with white quartz. The living room off of the kitchen has 14′ tray ceilings with LED lighting, fireplace, wet bar with wine cooler and beverage center, plenty of natural light and doors leading to a deck with views of the golf course. This home was built of an elevation that permitted a large basement with expansive storage, truly a rarity in the Low country. Additional features include a 2000 gallon underground propane tank, whole home audio, central vac and hardwood flooring throughout. The landscaping is impeccable and has landscape lighting and lawn irrigation. All kitchen appliances and TVs convey.

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AUCKLAND, NEW ZEALAND SINGLE LEVEL MASONRY PROPERTY

This magnificent single level masonry property is brilliantly constructed, perfectly located within the exclusive and highly desirable Coatesville lifestyle community. Set on a hectare (2.5 acres) of fully landscaped and manicured garden, with plenty of flat lawn for entertaining or endless family activities. The scale of this home both inside and out is simply impressive! Enjoy the surrounding vista, while soaking in the resort style heated concrete in-ground swimming pool. No expense has been spared in doing up this house:- solid Kwila doors, South Island schist, beautiful stone, Kwila flooring, open fireplaces, huge Macrocarpa columns showcasing the high quality and luxurious comfort. Generous living areas are both open plan and separate, with four to choose from, and flow seamlessly to undercover outdoor entertaining areas. The gourmet kitchen is fitted with top appliances, plenty of storage and a large butler’s pantry. The master suite is exquisite with a large master bedroom section, astounding walk-in wardrobe, and a stunning grand bathroom. Adjacent is a good size bedroom that can serve as an office. A separate wing at the other end of the house has three bedrooms, two bathrooms, and a large lounge/home theatre. It can even be separated into a granny flat or separate space for visiting friends to have their own privacy. All bathrooms are beautifully tiled in German stone, air conditioning throughout, zoned AV system, massive laundry, and triple car garage. There is ample space for a pony for the kids and all those sporting activities. Perfectly built for the most enviable lifestyle – this luxurious, exclusive and magnificent residence is the ultimate retreat sanctuary OR entertainment dream house. This property must be viewed in person to appreciate the quality and features. The property is in the high decile school zone of Coatesville school, Albany Senior High School and Albany Senior High School. Also close to Kristin School and Pinehurst School (famous private schools). Approx 10 minutes’ drive to Albany Shopping Centre and 20-minutes’ drive to the Auckland’s CBD (off-peak)…

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LUXURY VILLA IN ELIA MYKONOS, GREECE

A luxury villa 220 M2, part of a new residential complex located in the southern part of Mykonos, above Elia Beach. The villa features a private swimming pool and offers amazing sea views. The picturesque village of Ano Mera with its unique monastery is located 1.5 km away, where you can find – apart from taverns, patisseries etc. – a large Super Market, a bakery, a kiosk and a pharmacy for your supplies. The shops are usually open from morning until late evening.

The villa is fully equipped – furnished and has a private garden, with uninterrupted sea view. It consists of four spacious bedrooms, a maid’s room and storage. Two of the four bedrooms have an en-suite bathroom and two built-in double beds and bedside tables, TV and several storage areas. The other two bedrooms are served by a shared bathroom. The guest room has its own bathroom and kitchenette. All bedrooms are equipped to the last detail. The ground floor has a large dining table for eight people, a spacious living room with fireplace, WC and a separate kitchen, fully equipped with electrical devices SMEG and a table for four people. The villa is surrounded by a beautifully landscaped garden of 1.200 M2 and very large terraces of 200 M2 which are shaded by wooden pergolas and consist of a living room for eight people, two separate dining areas of six and 10 people each, as well as a fully-equipped bar and barbeque. It is a very comfortable villa ideal for families or groups of friends and can accommodate nine people, plus two people of staff. The house has Wi-Fi, satellite TV, air condition in all rooms, and a covered private parking for four cars.

View this Property.


November Events 2018

NOV1
Christmas in the Country – Hamburg
Thu 10 AM · Premier Promotions of WNY Inc. · Wilmington, NC
Tower of Terror Halloween
Thu 8 PM · The Swamp Park · Ocean Isle Beach, NC
Live at the Park
Thu 6:30 PM · Leland Municipal Park · Leland, NC
Sip + Paint | Monogram Pumpkin
Thu 6:30 PM · Wine & Design · Wilmington, NC
Harvest Dinner at the Bellamy Mansion
Thu 6 PM · The Bellamy Mansion Museum · Wilmington, NC

NOV2
Sadie Robertson Live Original Tour – Wilmington, NC
Fri 7 PM · Port City Community Church · Wilmington, NC
Art in the Arboretum Show & Sale
Fri 10 AM · New Hanover County Arboretum · Wilmington, NC
Bass Planet: Halloween
Fri 9 PM · The Calico Room · Wilmington, NC
First Friday at the Village
Fri 5 PM · Olde Southport Village Shoppes · Southport, NC
PTO Belville Fall Festival
Fri 5 PM · Belville Elementary School · Leland, NC

NOV3
Cape Fear Kite Festival
Sat 10 AM · Fort Fisher State Recreation Area · Kure Beach, NC
Full Contact Racing
Sat 3 PM · Haw Hill Raceway · Winnabow, NC
4th Annual Nest County Fair
Sat 12 PM · Hugh MacRae Park · Wilmington, NC
Lollipopalooza – A kids concert event
Sat 12 PM · Wrightsville Beach Brewery · Wilmington, NC
Southport Wooden Boat Show
Sat 10 AM · Old Yacht Basin, Southport · Southport, NC

NOV4
Red Beans and Bluegrass
Sun 3 PM · Wrightsville Beach Brewery · Wilmington, NC
Trio Karénine
Sun 7:30 PM · Beckwith Recital Hall at UNCW · Wilmington, NC
2018 Wilmington Area Walk
Sun 12:30 PM · Wrightsville Beach Parks and Recreation · Wrightsville Beach, NC
2018 WWAY Wilmington Wedding Expo at Ironclad Brewery
Sun 11 AM · Ironclad Brewery · Wilmington, NC
Holiday Open House
Sun 10 AM · Kendall’s Hallmark & Alayna’s Boutique · Wilmington, NC
Brother Oliver at Salty Turtle Beer Company
Sun 5:30 PM · Salty Turtle Beer Company · Surf City, NC

NOV5
Adult Crafternoons
Mon 2:30 PM · New Hanover County Northeast Branch Library · Wilmington, NC
Monday Margarita Tasting!
Mon 5 PM · Zocalo Street Food & Tequila · Wilmington, NC

NOV6
Voting Day!
Get Out & Vote
Tue 8 AM · Wilmington, North Carolina · Wilmington, NC
Movies on the Patio – Dirty Dancing & Footloose
Tue 8 PM · Liberty Tavern · Wilmington, NC
Wine Dinner to benefit Cape Fear River Watch
Tue 6 PM · Dram + Morsel · Wilmington, NC

NOV7
Improv Wednesdays
Wed 8 PM · Dead Crow Comedy · Wilmington, NC
Dance-A-Lorus
Wed 7 PM · Thalian Hall Center for the Performing Arts, Inc. · Wilmington, NC
Snake & Turtle Feeding!
Wed 4 PM · Halyburton Park · Wilmington, NC

NOV8
Dog’s Night Out + Networking Social at The Sour Barn
Thu 5:30 PM · The Sour Barn · Wilmington, NC
LM Restaurants presents Hurricane Florence Relief Fundraiser
Thu 4 PM · Bluewater Waterfront Grill · Wrightsville Beach, NC

NOV9
Winter and Holiday Sale
Nov 9 – Nov 11 · Pass It On Cape Fear · Wilmington, NC
The King and I
Fri 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Lemetrius at Tails Piano Bar
Fri 9 PM · Tails Piano Bar · Wilmington, NC
John Toppings At Shuckin’ Shack – Leland
Fri 6 PM · Shuckin’ Shack Oyster Bar – Leland NC · Leland, NC
CPB playing Brick Landing Plantation November 9th 6-9!
Fri 6 PM · Brick Landing Plantation Golf Club and Restaurant · Ocean Isle Beach, NC

NOV10
2nd Annual Veterans Day Parade
Sat 11 AM · Historic Downtown Wilmington · Wilmington, NC
Mysteries and Science of the Green Swamp
Sat 11 AM · Museum of Coastal Carolina · Ocean Isle Beach, NC
Taylor’s Blueberry Farms 1st Fall Festival!
Sat 11 AM · Taylor’s Blueberry Farm Inc · Leland, NC

NOV11
Steep Canyon Rangers – Greenfield Lake Amp
Sun 5 PM · Greenfield Lake Amphitheater · Wilmington, NC
Family Matinee: Youth Orchestra and Junior Strings
Sun 4 PM · UNCW Kenan Auditorium · Wilmington, NC

NOV12
No School – Veteran’s Day Holiday
Fall Adult Soccer League
Mon 6 PM · Meg & Go Indoor Sports Complex · Wilmington, NC

NOV13

 

NOV14
Free Wilmington Elite Rockstar Connect Networking Event-November
Wed 6 PM · The Joyce · Leland, NC
Flo Downtown event
Wed 6 PM · Hotel Ballast · Wilmington, NC
Holiday Wreath Making Class – November 14
Wed 6 PM · Belle Vue Wilmington · Wilmington, NC
Airlie Gardens Monthly Bird Walk
Wed 8 AM · Airlie Gardens · Wilmington, NC

NOV15
Ugly Sweater Toys for Tots Party with Sayer McShane
Thu 6 PM · HopLite IRISH PUB and Restaurant · Carolina Beach, NC
Velvet Caravan
Thu 7:30 PM · Thalian Hall Center for the Performing Arts, Inc. · Wilmington, NC
Triple P Positive Parenting Classes
Thu 5:30 PM · The Children’s Museum of Wilmington · Wilmington, NC
Thanksgiving Dinner
Thu 6 PM · Hawthorne at the Station · Wilmington, NC

NOV16
Over Flo Book Sale
Fri 12 PM · New Hanover County Northeast Branch Library · Wilmington, NC
Wilmington Music Festival Gala
Fri 7:30 PM · Thalian Hall Center for the Performing Arts, Inc. · Wilmington, NC
BCES PTA Fall Festival
Fri 4 PM · Bradley Creek Elementary School PTA · Wilmington, NC
Down Home Country Christmas Show
Fri 5 PM · Duplin Winery · Rose Hill, NC Theater · 274 people

NOV17
Riverfest
Nov 17 – Nov 18 · Historic Downtown Wilmington · Wilmington, NC
Fall Harvest Festival
Sat 9 AM · Old River Farms · Burgaw, NC
2018 Kure Beach Holiday Market
Sat 9 AM · Kure Beach Ocean Front Park · Kure Beach, NC
Christmas At Twilight- Wallace Christmas Parade
Sat 3 PM · Christmas At Twilight · Wallace, NC
Monty Python’s Spamalot
Sat 2 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Pet CPR and First Aid Certification class
Sat 9:30 AM · Einstein’s Canine College · Wilmington, NC
Hidden Battleship
Sat 12 PM · USS NC Battleship · Wilmington, NC

NOV18
Personalized Sleigh Bench Workshop
Sun 5:30 PM · Hammer & Stain · Southern Pines, NC

NOV19
Cape Fear Festival of Trees
Mon 9 AM · NC Aquarium at Fort Fisher · Kure Beach, NC
History of Kure Beach by Brenda Coffey
Mon 7:30 PM · Federal Point History Center · Carolina Beach, NC
Winter Coat Drive
Mon 10 AM · Lighthouse · Rocky Point, NC

NOV20
Highland Echoes Swansboro
Tue 7 PM · TBD · Swansboro, NC
Christmas Under the Sea
Tue 6:30 PM · Pescado Y Amor · Oak Island, NC

NOV21
No School – Thanksgiving Break
Wed 8:30 AM · Calvary Christian School – Wilmington, NC · Wilmington, NC
Improv Wednesdays
Wed 8 PM · Dead Crow Comedy · Wilmington, NC
Artisan Holiday Market at Mayfaire sponsored by Going Local
Wed 10 AM
Trivia with Andre
Wed 7 PM · Joe’s Oasis · Wilmington, NC
Beer and Bingo
Wed 7 PM · The Second Row · Surf City, NC

NOV22
Wrightsville Beach Turkey Trot
Thu 7 AM
Thanksgiving Day Feast
Thu 11 AM · Jinks Creek Waterfront Grille · Ocean Isle Beach, NC

NOV23
Beer and Brats Featuring Opportunity Rocks
Fri 5 PM · Museum of Coastal Carolina · Ocean Isle Beach, NC

NOV23
OIB HOLIDAY MARKET
Fri 10 AM Ocean Isle Beach, NC · Ocean Isle Beach, NC
4th Friday Art Gallery Walk
Fri 6 PM · Downtown Wilmington, NC
Battleship HO HO HO
Fri 10 AM · USS NC Battleship · Wilmington, NC

NOV24
15th Annual Ocean Isle Beach Flotilla
Sat 5:30 PM · Ocean Isle Beach, NC · Ocean Isle Beach, NC
6th Annual Kure Beach Holiday Market
Sat 9 AM · Kure Beach Market · Kure Beach, NC
Cape Fear Festival of Trees
Sat 9 AM · NC Aquarium at Fort Fisher · Kure Beach, NC

NOV25
Reggae Sunday with Foundation Stone
Sun 3 PM · Wrightsville Beach Brewery · Wilmington, NC
Cape Fear Festival of Trees
Sun 9 AM · NC Aquarium at Fort Fisher · Kure Beach, NC

NOV26
2nd Annual Gingerbread Beachhouse Contest
Mon 8:52 AM · Oak Island Parks and Recreation · Oak Island, NC
Michelada Monday
Mon 12 PM · Check Six Brewing Company · Southport, NC
Forever Fit Senior Group Fitness
Mon 11 AM · Anytime Fitness Fulton Station · Wilmington, NC

NOV27
Mannheim Steamroller Christmas
Tue 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Super Awesome Tuesday Night Trivia
Tue 7 PM · The Sour Barn · Wilmington, NC
New Hanover County Breakfast at the Kids’ Table – New Date!
Tue 7:30 AM · Wilmington, NC Convention Center · Wilmington, NC
Dancing at King Neptune!
Nov 27 – Nov 28 · King Neptune Wrightsville Beach · Wrightsville Beach, NC

NOV28
Wine Down Wednesday
Wed 5 PM · Jinks Creek Waterfront Grille · Ocean Isle Beach, NC
Benny Hill Smooth Jazz – Sweet n Savory Cafe
Wed 7 PM · Sweet n Savory Cafe · Wilmington, NC
Music Bingo at Whiskey Tango Foxtrot (Wilmington, NC)
Wed 7 PM · Whiskey Tango Foxtrot Wilmington NC · Wilmington, NC

NOV29
Open Mic Comedy
Thu 7 PM · Dead Crow Comedy · Wilmington, NC
Lu Mil Vineyard Festival of Lights 2018
Thu 6 PM · Lu Mil Vineyard · Elizabethtown, NC
Budding Scientist Discovery with Mom & Dad
Thu 11 AM · Museum of Coastal Carolina · Ocean Isle Beach, NC

NOV30
Group Crystal Healing in Salt Sanctuary
Fri 6:30 PM · Spiritquest · Ocean Isle Beach, NC
The Holiday Flea at BAC
Fri 4 PM · Brooklyn Arts Center at St. Andrews · Wilmington, NC
Christmas in NYC
Nov 30 – Dec 2 · Cape Fear Limo & Coach Lines · Wilmington, NC
Concerts on College: Amy Grant Christmas Favorites
Fri 6:30 PM · Welcome to Wesley – Wilmington, NC · Wilmington, NC


Intracoastal’s Teacher’s Fund: $285,000 in grants…and counting!

Diane Fowler, a well-loved teacher at Codington Elementary, could see that her school’s 100 second graders greeted each day with a wide disparity in their readiness to learn. Some were only at a Kindergarten level, while others performed at grade levels much higher. Getting all students ready to learn together required activities that would stimulate their young brains to explore, create, collaborate and think – regardless of their performance level. So Diane, knowing that directed play would ready her students in a manner that standard morning classwork could not, set out to create Morning Tubs, each filled with items such as LEGOs, letter cubes, dominos and word-cards.

These Morning Tubs, however, came with a price tag and the estimated $200-plus dollars needed to purchase the items left Diane with a good, but unfunded, idea. So, she, like hundreds of teachers throughout the Cape Fear region turned to Intracoastal Realty’s Teacher’s Fund for a grant.

Established in 2005, Intracoastal Realty’s Teacher’s Fund has awarded more than 1400 grants to local public and private kindergarten-through fifth grade teachers, helping them purchase the supplies, teaching aides and books they need. Established as a 501-c-3 non-profit, the Teacher’s Fund fills a critical need in today’s budget-conscious education system and keeps teachers from going out-of-pocket to provide for their classrooms and students.

The fund is generated primarily by donations from Intracoastal agents, along with contributions from community partners.  Since its founding, the Teacher’s Fund has granted more than $285,000 benefiting more than 175,000 students.

Grant distributions are determined by a dedicated group of volunteers comprised of an elementary principal, an elementary teacher, Intracoastal executives and Intracoastal agents who have children in the elementary grades. The group meets monthly to review grant requests submitted by teachers throughout the Cape Fear Region.

In early September, 18 applications were considered with a total of $2570 funded. Some grants, like Diane’s, sought classroom materials, while others requested funding for technology, student supplies, age-appropriate reading materials or science equipment.

Teachers who are interested in applying are invited to fill out and submit this form telling us what supplies are needed and why. No amount is too small. Applications may be submitted from September through May each school year. Requests may also be sent via regular mail to: Intracoastal Realty, c/o Georgette Gaddy, 1902 Eastwood Road, Wilmington, NC 28403. Teachers are welcome to contact Georgette at 910-509-1952 with any questions.

Intracoastal’s Teacher’s Fund is another example of how we invest in our community. As an independent firm, free of franchise fees that leave our local market, Intracoastal Realty invests its revenues in technology, marketing, agent training and community organizations throughout southeastern North Carolina. It’s how we lead and how we assure the Cape Fear Region continues to thrive.


Buying a Home in the Off-season

Summer has long held the reputation for being more popular in terms of buying and selling a home, most often because it’s a more convenient time of year for families to take the time to pack up and move someplace new.

But if you have the means to control when you set out on your next adventure, have you considered buying a home during the off-season? Sure, it means having to settle in at the start of holiday events and in chillier weather, but purchasing a home in the off-season also has quite a few upsides that some home buyers overlook.

Less competition, more opportunities

Along with those purchasing a home, home sellers are often rare on the ground during the off-season. And while that may sound like a reason not to buy a house at this time, think of it this way; you have a shorter list of homes to view, and the sellers know it. So as you peruse the houses on your radar, with more time to really get a feel for the place before you sign on the dotted line, sellers are anxious to make the sale and get to where they need to be. This gives you the chance to initiate beneficial negotiations, with greater chances of being accommodated by the seller and his or her agent.

Market values and bidding

There’s something else to be said for fewer items on the market; when the seller is as limited as you are, he or she is more likely to bend on the resolve to get the same original asking price in your offer. So when it comes to negotiation and knowing the current market values – something your agent will certainly be able to help you with – you’ll be at an advantage to make a sale that’s fair to both you and the seller of the house you want to buy. Before you start looking at homes, sit down with your agent to get a decent idea of what you can expect in your new town, and then come up with a plan to use the season and the market to everyone’s benefit.

Getting to know the neighbors

When you move somewhere new over the summer, it’s not just the season for real estate; it’s also the prime time for taking a vacation! This means that while you settle into your home, it can be difficult to get your bearings in the neighborhood, as there is a constant fluctuation in who is home and who is abroad. But when you move in during the holiday season, you’re able to quickly learn who decorates as soon as possible, who likes to host the annual party, and so on. You and your neighbors will be thick as thieves in no time!

Purchasing a new house and picking up to move can be a stressful process, but sometimes it pays to wait for the right moment! With the help of experienced agencies like Intracoastal Realty, you can ease the way for you and your family to make yourselves right at home that much sooner. Contact us to get started!


Intracoastal Realty Addressing Need for Affordable Housing

As the losses from Hurricane Florence continue to grow, the need for affordable housing grows even more.

Prior to the storm, local government, non-profit and economic development interests all agreed the need for affordable and workforce housing far exceeded supply.  But now, post Hurricane Florence, what was once urgent is nearing a crisis.

Intracoastal agent Jeff Hovis has proven to be something of a problem solver on the affordable housing front.  For nine years, Jeff served as a commissioner for the Wilmington Housing Authority; before that, he was in DC working for the National Corporation for Housing Partnerships, a company that owned about 100,000 affordable housing units across the country. This history endows Jeff with a detailed understanding of HUD and other housing subsidy programs.

Jeff has found a number of buyers who are looking for reliable income streams and finding it in the affordable markets.  As he says, “There is steady income in affordable housing, because there is steady need.”

Jeff recently closed one of the largest real estate transactions in a decade, with a single contract of $6.3 million for 83 homes. It was no easy task:  negotiating the existing leases, navigating the appraisals and inspections for each property, and keeping the buyer, renters, and financial partners moving in synch.  But Jeff’s keen understanding brought HUD and the Wilmington Housing Authority to the table adding value to buyer, renter and banker alike.

In talking to the Greater Wilmington Business Journal, buyer Tom Cruz of TJ Real Estate Holdings LLC, said, “I think affordable housing will be best solved with private investment into the area combined with public partnerships.”  And, he reassures buyers considering this approach, “The Wilmington Housing Authority does an amazing job of providing landlords with guaranteed direct deposit payments, a list of pre-screened (criminal checks) tenants that are ready to move in, and resources if (owners) have any issues.”

Jeff sees a larger benefit to the community. “While providing affordable and workforce housing, these deals also help stabilize a neighborhood. This isn’t about buyers knocking down existing homes to build a higher-priced property,” Hovis said.

If you’re interested in learning more about investing in affordable and workforce housing, contact Jeff directly at 910-512-2205 or jhovis@intracoastalrealty.com.


Intracoastal Realty: GPTW Creates the Benchmark for Exceptional Service

A February Fortune magazine article offered this:

The idea that “when companies take care of employees, employees take care of the business” isn’t new and may seem obvious to some. But as the Fortune 100 Best Companies to Work For show, it can play a critical role in performance. Don’t underestimate the power of culture.

But, can a real estate firm, comprised of agents who are independent contractors be a Great Place to Work?

GPTW, as it’s referred to in corporate parlance, has become a much studied secret to success.  Here at Intracoastal, it’s no secret.  Our staff and agents collaborate daily, creating a workplace culture that thrives on teamwork and distinguishes us from other real estate firms in the region and, given our affiliation with Leading Real Estate Companies of the World, even globally.

Teamwork informs our client service daily.  From sharing resources for home improvement providers, to tips on staging and hosting open houses, our agents support each other to the delight of our clients.  Likewise, our technology staff assure agents are fully-equipped; our marketing team keeps Intracoastal top-of-mind, and our office staff keeps the all-of-it running like a well-tuned machine.

Our business model drives such collaboration:  Group training and professional development exercises create opportunities to challenge and inspire each other. Our weekly staff meetings are legendary for celebrating each other’s achievements.  And, our combined commitment to community allows us to unite in supporting non-profit organizations, education and causes that matter to us all.

Indeed, by better serving each other, we better serve our clients.  Cliché? Perhaps.  But, we’re proud that Realtors recognize Intracoastal as a GPTW and we’re sure it’s what has made us the leading independent real estate firm in coastal North Carolina.


Pumpkin-inspired Recipes to Share this Fall

Every year, when the seasons transition from summer to fall, pumpkin flavors infiltrate all of our favorite foods and drinks: seemingly overnight!

Rather than grab a pumpkin spice latte and call it a day, we decided to try and find some of the best pumpkin-inspired recipes that actually use the fruit we normally keep around as seasonal décor. Below we’ve listed out a few of our new favorites for really sinking into autumn, and we think that you and your household’s holiday guests will appreciate them, too!

Pumpkin Bread

It’s an old stand-by, but pumpkin bread is one of those items that helps kick off fall with the right combination of comfort and taste. Whether you like to spice things up and include nuts and raisins, or leave it plain so as to really savor the pumpkin and cinnamon notes, there’s no denying that this is one treat everyone should get a sample of this fall.

Pumpkin Polenta

Traditionally an Italian form of porridge, polenta is a grain dish that’s perfect as a side or a breakfast option. With a touch of pumpkin puree thrown into the mix, your guests can have a fresh take on this classic culinary delight, and a taste of the season to top it all off! There are plenty of delicious polenta recipes out there to use as baselines, but this pumpkin sage polenta combination is one of the best we’ve found for beginners and experienced cooks alike.

Pumpkin Pasta

We know what you’re thinking; what could pumpkins possibly have to do with pasta? But the answer is simple! Pumpkin’s versatility and richness can add a whole new layer to your favorite pasta dishes. You can incorporate this element in a number of ways; slices of pumpkin cooked with other vegetables, or a pumpkin puree simmered into the sauce are our favorites.

Pumpkin Soup

Here in southeastern North Carolina, it can take a little longer for a really distinct fall chill to settle into the atmosphere. So in the meantime, you might want to try a soup that gives you that cozy, warm feeling in your bones without being too rich and heavy for days when the sunshine keeps our climate mild. Most recipes call for chicken broth and olive oil, which helps achieve this balance between savory and light, but the amount of pumpkin versus heavy cream (or coconut milk if you’re trying to watch your dairy) can really make the difference in density.

Pumpkin Biscuits

Any local will tell you that a southern meal just isn’t complete without a serving of biscuits to compliment the other dishes. This fall, bring some healthier and seasonally appropriate offerings to the table! Pumpkin puree, along with some Greek yogurt, means that the amount of butter that would typically go into the mixture before baking is significantly reduced. And while that might immediately turn off some die-hard lovers of rich, hearty biscuits, this recipe we found promises the same flaky texture and buttery taste, with the added benefit of that distinct hint of autumn flavor from the pumpkin.

Pumpkin Pie

It’s a time-honored tradition, and everyone has a favorite recipe that’s practically become a necessary fixture of every holiday gathering. Whether you make your own pumpkin pie or have a bakery you trust above anyone else to create the best one when you need it, very few would deny that it’s one of the best ways to indulge in a sweet treat and enjoy the pumpkin flavor while it’s in vogue.

While you heat up your oven, or prep your shopping list so that you know precisely what you need to give one of these scrumptious recipes a try, stay tuned to our blog for more tips to make the most of the season!