Absorption Reports – 2nd Quarter 2019

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). 

Following the 2nd Quarter of 2019, New Hanover County is showing a total of 2.4 months of inventory for existing home sales (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 4.4 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: Local Resort, Vero Beach, South Bristol

WILMINGTON, North Carolina

RESORT STYLED FAMILY COMPOUND

When only the best will do. ”Las Palmas” offers security, serenity, and privacy with the double villa lot setting completely fenced and gated. Located between the Intracoastal Waterway and Landfall’s Pete Dye Clubhouse and golf course, this resort styled family compound features two brick residences centered around an elegant saltwater pool and cascading fountain. The main residence features 3 bedrooms, 3 1/2 baths and includes 2 masonry fireplaces, a vaulted living room, dining room, and a cozy den. The first-floor master suite offers his and her baths and walk-in closets with dressing area. Additionally, there is a 4th bedroom and bath above the 2 car garage. The guest house sits on its own lot and features 1,900 square feet of luxury appointments from the curved wrought iron balcony railings to the travertine flooring. Soaring ceilings and high windows allow the natural light to fill this stunning home. The two-car carport and covered porch provide loads of outdoor entertaining possibilities, all overlooking the manicured courtyard and pool. Attention to detail, gated privacy and lush landscaping combine to bring out a “south beach” vibe that comes alive at “Las Palmas”.

VERO BEACH, Florida

NEW OCEANFRONT RESIDENCE IN VERO BEACH

This new estate is one of Florida’s very largest oceanfront properties by land and is nearly unprecedented in South Florida. The gated compound pays homage to the famed villas of the French Mediterranean coast with authentic touches of the Côte Sud. Encompassing the highest quality construction methods and materials along with true state-of-the-art mechanical systems, the residence has been impeccably designed and constructed.  

Welcoming entertaining areas and intimate family retreats blend seamlessly with stunning outdoor rooms. Gorgeous view-filled loggias and terraces give way to sweeping lawns with luxuriant gardens, fountains, mature oaks, and specimen palms. The oceanfront resort pool is spectacular with the most up-to-date features and amenities. With 315+/- feet on the Atlantic Ocean, the serene grounds also highlight a wide dune-fringed sandy beach, dune walks, walking gardens and cart paths throughout.

This enviable oceanfront villa features handmade mahogany windows and doors with hurricane-impact glass and boasts solid concrete and steel construction clad in solid coral and hand-trowelled stucco. Great care was taken to choose only authentic materials, hardwoods and stones.

With the great house as its centerpiece, the property also boasts a pool house, guest house and carriage house all with significant outdoor living areas and garages for ten cars.

SOUTH BRISTOL, New York

ONE OF A KIND NEW YORK WATERFRONT MANSION

One of a kind waterfront mansion inspired by renowned architect Robert A.M. Stern! Rich moldings, custom millwork and mahogany tongue and groove ceilings, multiple great rooms with four stone fireplaces, huge open plan featuring spectacular chefs kitchen with handcrafted cabinetry, commercial-grade appliances and exotic stone countertops, lighting and audio system, covered wrap-around stone terraces and walkways plus dining area with built-in heater to extend summer season, elevator, separate guest house, geothermal system, plenty of guest space-ea bedroom has ensuite bathroom, along with coffee bar and mini fridge for total comfort, luxurious master suite and bathroom with balcony, separate bunkhouse, game room with wet bar, ice maker, dishwasher and refrigerator, custom-designed 500 bottle wine room with Spanish cedarwood, amazing separate boat garage with tram. Expansive beach.  


August Events

1-Aug
Boardwalk Blast: Live Music and Fireworks
Thu, 6:30 – 9:00 PM – Carolina Beach Boardwalk, Carolina Beach Ave S – Carolina Beach, NC
Overtyme in Concert
Thu – Wrightsville Beach Park, 3 Bob Sawyer Dr – Wrightsville Beach, NC
Billy Elliot: The Musical
Thu, 7:30 PM – Opera House Theatre Company, 2011 Carolina Beach Rd – Wilmington, NC
Sounds of Summer Concert
Thu, 6:30 – 8:00 PM – Wrightsville Beach Park, 3 Bob Sawyer Dr – Wrightsville Beach, NC
Homeowners Crash Course
Thu, 5 – 7 PM – Elizabeth’s Pizza, 4304 1/2, Market St – Wilmington, NC

2-Aug
Massive Grass Concert
Fri – Airlie Gardens, 300 Airlie Rd – Wilmington, NC
Stephen Marley in Concert
Fri – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Downtown Sundown Concert Series – Abbey Road Live…
Fri, 6:30 – 10:00 PM – The Atrium by Ligon Flynn, 15 S 2nd St – Wilmington, NC
Art of the Image ’19 Exhibition
Fri, 11 AM – 7 PM – theArtWorks™, 200 Willard St – Wilmington, NC
Carolina Sky
Fri, 8 PM – Locals tavern, 1107 New Pointe Blvd #9 – Leland, NC

3-Aug
Fayetteville SwampDogs at Wilmington Sharks in…
Sat, 7:05 PM – Legion Stadium, 2149 Carolina Beach Rd – Wilmington, NC
The Isley Brothers: 60th Anniversary Tour
Sat, 7:30 PM – Wilson Center at Cape Fear Community College, 703 N 3rd St – Wilmington, NC
Cars and Coffee at the Pointe
Sat, 8 – 11 AM – The Pointe at Barclay Shopping Center, 1450 Barclay Pointe Blvd – Wilmington, NC

4-Aug
Summer Sizzler 10K & 5K
Sun – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Bernie the Dolphin: Free Movies at the Lake
Sun – Carolina Beach Lake Park, 400 S Lake Park Blvd – Carolina Beach, NC
Summer Music Series
Sun, 4 – 8 PM – Bluewater Grill, 4 Marina St – Wrightsville Beach, NC

5-Aug
BRIT FLOYD World Tour 2019
Mon, 7:30 PM – Wilson Center at Cape Fear Community College, 703 N 3rd St – Wilmington, NC

6-Aug
Gin Blossoms
Tue, 6 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Walking Tour of the Historic Carolina Beach Boardwalk
Tue, 10 AM – Carolina Beach Boardwalk Amusement Park, 1 Cape Fear Blvd – Carolina Beach, NC

7-Aug
Southport Summer Market
Wed, 8 AM – 1 PM – Franklin Square Park, 130 E West St – Southport, NC

8-Aug
Dawes
Thu – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
The Imitations in Concert
Thu, 6:30 – 8:00 PM – Wrightsville Beach Park, 3 Bob Sawyer Dr – Wrightsville Beach, NC

9-Aug
An Evening of Magic with Ken Norris
Fri, 7 – 9 PM – Leland Cultural Arts Center, 1212 Magnolia Village Way – Leland, NC
42 Concert (Coldplay Tribute)
Fri – Historic Downtown Wilmington Marketplace, 54-98 N Water St – Wilmington, NC
SOJA
Fri, 6 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Disney’s Frozen JR.
Fri, Aug 9 – Sun, Aug 11 – Minnie Evans performing arts center, 555 Halyburton Memorial Pkwy – Wilmington, NC
April B. & The Cool
Fri, 8 PM – The Whiskey, 1 S Front St – Wilmington, NC
Live Standup: Eddie Ifft
Fri, Aug 9 – Sat, Aug 10 – Dead Crow Comedy Room, 265 N Front St – Wilmington, NC

10-Aug
Battleship 101
Sat, 10 AM – Battleship North Carolina, 1 Battleship Rd NE – Wilmington, NC
Signal Fire
Sat, 6 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
PREACHERVAN
Sat, 7:30 PM – Satellite Bar and Lounge, 6123, 120 Greenfield St – Wilmington, NC
Riverfront Farmers Market
Sat, 8 AM – 1 PM – 116 Dock St – Wilmington, NC
Boxing at the Beach
Sat, 6 – 9 PM – Carolina Beach Parks & Recreation, 1121 N Lake Park Blvd – Carolina Beach, NC

11-Aug
Lights Curtain Action!
Sun, 3 PM – Leland Cultural Arts Center, 1212 Magnolia Village Way – Leland, NC
Steep Canyon Rangers
Sun, 6 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC

13-Aug
Chefs Table Flying Brew Event
Tue, 6:30 – 8:30 PM – Hotel Ballast Wilmington, Tapestry Collection by Hilton, 301 N Water St – Wilmington, NC

14-Aug
BFPC Dog Days of Summer Pool Party
Wed, 6:30 – 9:00 PM – Fitness & Wellness Center at Brunswick Forest, 2701 Brunswick Forest Pkwy – Leland, NC
Southport Summer Market
Wed, 8 AM – 1 PM – Franklin Square Park, 130 E West St – Southport, NC

15-Aug
Boardwalk Blast: Live Music and Fireworks
Thu, 6:30 – 9:00 PM – Carolina Beach Boardwalk, Carolina Beach Ave S – Carolina Beach, NC
20th Annual Art Show & Sale
Thu, Aug 15 – Sat, Aug 17 – Country Club of Landfall, 800 Sun Runner Pl – Wilmington, NC

16-Aug
YMCA Kid’s Triathlon
Fri, Aug 16 – Sun, Aug 18 – Nir Family YMCA, 2710 Market St – Wilmington, NC
Airlie Summer Concert Series
Fri, 6 – 8 PM – Airlie Gardens, 300 Airlie Rd – Wilmington, NC
Downtown Sundown Concert Series
Fri, 6:30 – 10:00 PM – The Atrium by Ligon Flynn, 15 S 2nd St – Wilmington, NC
Lotus Sun
Fri, 9 PM – Bourbon Street, 4483, 35 N Front St – Wilmington, NC
O’Neill Sweetwater Pro-Am Surf Fest
Fri, Aug 16 – Sun, Aug 18 – Wrightsville Beach – Wrightsville Beach, NC

17-Aug
Riverfront Farmers Market
Sat, 8 AM – 1 PM – Historic Downtown Wilmington Marketplace, 54-98 N Water St – Wilmington, NC
Unbirthday Party: Tie Dye
Sat, 7 – 9 PM – Town of Leland Municipal Park, 102 Town Hall Dr – Leland, NC
Gun & Knife Show Wilmington
Sat, Aug 17 – Sun, Aug 18 – American Legion, 702 Pine Grove Dr – Wilmington, NC
USS North Carolina Battleship Overnight Ghost Hunt
Sat, Aug 17 – Sun, Aug 18 – Battleship North Carolina, 1 Battleship Rd NE – Wilmington, NC

18-Aug
Umphrey’s McGee
Sun, 4:45 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Southern Trouble
Sun – Ocean Front Park and Pavilion, 105 Atlantic Ave – Kure Beach, NC

19-Aug
Kayak Adventure-Sharks Tooth Island in Leland
Mon, 12 AM – Leland Town Hall, 102 Town Hall Dr – Leland, NC

20-Aug
Common – Let Love Tour
Tue – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC

21-Aug
Left On Red- Robert Beauchene in Wilmington
Wed, 6 PM – Mac’s Speed Shop, 4126 Oleander Dr – Wilmington, NC
Southport Summer Market
Wed, 8 AM – 1 PM – Franklin Square Park, 130 E West St – Southport, NC

22-Aug
Battleship 101
Thu, 10 AM – Battleship North Carolina, 1 Battleship Rd NE – Wilmington, NC
2019 Shrimparoo
Thu, 6 – 9 PM – Burgaw Chamber of Commerce, 115 S Dickerson St – Burgaw, NC
Boardwalk Blast: Live Music and Fireworks
Thu, 6:30 – 9:30 PM – Pleasure Island Chamber of Commerce, 1121 N Lake Park Blvd – Carolina Beach, NC

23-Aug
The Breakfast Club Concert (80’s Tribute)
Fri – Old Wilmington City Market, 119 S Water St – Wilmington, NC
Annual Shell Show
Fri, 7 AM – 5 PM – Coastline Conference & Event Center, 501 Nutt St – Wilmington, NC

24-Aug
SummerFest 19
Sat, 9:30 AM – 4:30 PM – Battleship North Carolina, 1 Battleship Rd NE – Wilmington, NC
Shake The Lake
Sat, 4 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Lagerfest 2019!!
Sat, 12 – 6 PM – Wrightsville Beach Brewery, 6201 Oleander Dr – Wilmington, NC
Riverfront Farmers Market
Sat, 8 AM – 1 PM – Historic Downtown Wilmington Marketplace, 54-98 N Water St – Wilmington, NC
Wrightsville Beach Wahine Classic
Sat, Aug 24 – Sun, Aug 25 – Oceanic, 703 S Lumina Ave – Wrightsville Beach, NC

25-Aug
Brian McKnight
Sun, 5 PM – Greenfield Lake Amphitheater, 1941 Amphitheatre Dr – Wilmington, NC
Crazy Rich Asians: Free Movies at the Lake
Sun – Carolina Beach Lake Park, 400 S Lake Park Blvd – Carolina Beach, NC

28-Aug
Ziggy Pockets
Wed, 7 PM – Mac’s Speed Shop, 4126 Oleander Dr – Wilmington, NC
Southport Summer Market
Wed, 8 AM – 1 PM – Franklin Square Park, 130 E West St – Southport, NC

29-Aug
Little Explorers Nature Program
Thu, 10 AM
Wilmington’s Epicurean Evening
Thu, 5:30 PM – Wilmington Convention Center, 515 Nutt St – Wilmington, NC

30-Aug
Departure Concert (Journey Tribute Band)
Fri – Historic Downtown Wilmington Marketplace, 54-98 N Water St – Wilmington, NC
Boardwalk Blast: Live Music and Fireworks
Fri, 6:30 – 9:00 PM – Carolina Beach Boardwalk, Carolina Beach Ave S – Carolina Beach, NC
The Isley Brothers
Fri – Wilson Center at Cape Fear Community College, 703 N 3rd St – Wilmington, NC
Flashback Returns to Willoughby’s
Fri, 7:30 – 10:30 PM – Willoughbys, 8951 Ocean Hwy E – Leland, NC

31-Aug
5K FOR JUVENILE DIABETES RESEARCH
Sat, 8 – 11 AM – 3112 Kitty Hawk Rd – Wilmington, NC
Digging for Dauntless – Beach Volleyball Fundraiser
Sat, 10 AM – 5 PM – Capt’n Bill’s Backyard Grill, 4240 Market St – Wilmington, NC
Annual Oak Island Art Guild Arts & Craft Festival
Saturday – Middleton Park, 133 SE 48th St – Oak Island, NC


Fruit & Herb Infused Ice

Making your own Fruit & Herb-Infused Ice at home is a great way to chill out,
relax and enjoy a guilt-free treat! 

Suggested Fruits & Veggies (juiced, pureed or chopped)

Citrus | grapefruit, Meyer lemon, limes, oranges, tangerines
Berries | strawberries, raspberries, blueberries, blackberries
Tropical | mango, pineapple, banana, kiwi, starfruit, papaya
Melons | honeydew, cantaloupe, watermelon
Other | apples, grapes, plums, peaches, cherries, pomegranate, pears
Vegetables | cucumber, carrot juice, beet juice
Herbs | mint, spearmint, sage, rosemary, basil, cilantro
Spices | ginger, cinnamon sticks
Other | coconut water, sweet tea concentrate, coffee/espresso

Easy Instructions:

1: Wash fruit and herbs and chop/juice or puree to your desired size/consistency.
2: Place a few pieces of fruit and/or herbs into each compartment of an ice cube tray.
3: Fill the ice cube tray up with filtered water or use the puree instead.
Tap water is fine, but Ice will be cloudy
4: Freeze until solid, and store in an airtight zip-lock bag or airtight container.

Download the recipe here!

Favorite Flavor Combinations

Lemon + Lime  |  Watermelon + Basil  |  Strawberry + Basil  |  Cucumber + Mint
Mint + Lime  |  Blackberry + Mint  |  Grapefruit + Rosemary  |  Apple + Pear
Lavender + Mint  |  Blueberry + Raspberry  |  Mango + Pineapple
Grape + Cherry  |  Orange + Pineapple  |  Blueberry + Lemon