Absorption Reports – 3rd 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 3rd Quarter of 2019, New Hanover County is showing a total of 2.1 months of inventory for existing home sales (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 3.4 months (peaked at 20.0 months in 2009); and Pender County is at 3.1 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 Portfolio Spotlight

A MAJESTIC LAKEFRONT HOME IN MONTAGNOLA, SWITZERLAND

Gianni Gamondi, an architect who designed numerous private residences for the international jet set, designed his first villa in Ticino. Harmonious ambiences encompassing two swimming pools that create a luxurious and relaxing environment set to delight family and friends. Southwest oriented position in the front lake row in Montagnola. See it!

A TROPICAL PARADISE ON THE ATLANTIC OCEAN
HILLSBORO BEACH, FL

An inspired blend of artistic creativity and livable comfort, this new modern masterwork is embraced in a tropical paradise fronting 125+/-feet on the Atlantic Ocean and another 125+/-feet on the Intracoastal Waterway on Hillsboro Beach’s prestigious Hillsboro Mile. At once boldly innovative and timeless, sophisticated and sleekly simplified, this compound-like estate was designed by award-winning architect George Brewer with interiors by Gary Rubinstein, whose work has been featured in Architectural Digest, and was just completed in 2016 after a nearly six-year design and construction process. See it!

A TIMELESS DESIGN BUILT FOR THE AGES – WILMINGTON, NC

Combine the creative genius of architect Michael Moorefield with the attention to detail of Master Craftsman Fred Murray and you will arrive at 1012 Deepwood Place. A timeless design built for the ages, this all brick residence is located on a quiet cul-de-sac and is accessed by a private, gated land bridge over a freshwater pond enhanced with two fountains. With distant views of the Intracoastal Waterway, the 1.04-acre property boasts 324 feet on Landfall’s award-winning Jack Nicklaus designed golf course (Ocean #2).  See it!


Crispy Hasselback Potatoes

You Will Need
4 medium potatoes
4 tablespoons melted butter
1 clove chopped garlic
1 teaspoon fresh rosemary leaves finely chopped with extra for garnish
1 teaspoon grated lemon zest
sea salt
Optional Toppings – Cheese, chopped bacon, chives, and sour cream.

Instructions
Preheat the oven to 450 degrees. Line a baking sheet with foil or parchment
Slice a thin layer off the bottom side of the potatoes so they don’t roll around.

Place a potato on a work surface with the cut side down. Using 2 wooden spoons as guides on either side of the potato to keep your knife from slicing through – slice thinly with a sharp knife. Do not cut all the way through!

In a small bowl, combine the melted butter, rosemary, zest, and garlic.
Place the potatoes on the baking sheet and brush them all over with the infused oil. Bake for 20 minutes.

Repeat melted butter mixture, focusing on getting in between the slices. Bake an additional 20 minutes.

Brush the potatoes with the remaining oil, sprinkle generously with sea salt and return to the oven for 25-30 minutes or until the skin is crisp and soft on the inside.

Garnish with the last of the rosemary and optional toppings.


November Events

NOV1
Marina Village Marketplace
Fri 9 AM · Riverlights · Wilmington, NC
Art in the Arboretum Show & Sale
Fri 10 AM · New Hanover County Arboretum and NC Cooperative Extension Office · Wilmington, NC
Wilmington Chamber Oyster Roast
Fri 5:30 PM · Wilmington Chamber of Commerce · Wilmington, NC
Blue & White Bash!
Fri 7 PM · Bluewater Waterfront Grill · Wrightsville Beach, NC
Surf to Sound to Suds
Nov 1 – Nov 3 · Blockade Runner Beach Resort · Wrightsville Beach, NC
11th Annual Fall Festival!
Fri 4 PM · Brightmore of Wilmington · Wilmington, NC
Turkey Tournament
Nov 1 – Nov 2 · Friends of Empie Park · Wilmington, NC

NOV2
Fall Festival
Sat 9 AM · The Children’s Museum of Wilmington · Wilmington, NC
NC Fossil Fair 2019
Sat 9 AM · Cape Fear Museum · Wilmington, NC
Cape Fear Kite Festiave
Sat 10 AM · Fort Fisher State Recreation Area · Sheephead Rock, NC
CBPD Bike Rodeo
Sat 2 PM · Carolina Beach Recreation Center · Carolina Beach, NC
2019 Wilmington Walk to End Alzheimer’s
Sat 9 AM · Wrightsville Beach Park · Wrightsville Beach, NC
21st Annual NC Cotton Festival
Sat 10 AM · Dunn, NC · Dunn, NC
Into the Unknown
Sat 11 AM · Museum of Coastal Carolina · Ocean Isle Beach, NC

NOV3
Food Truck Rodeo
Sun 12 PM · Ogden Park · Wilmington, NC
Jazzmeia Horn
Sun 3 PM · UNCW Presents · Wilmington, NC

NOV4
TOYS for TOTS Toy Drive
Mon 12 AM · Cardinal Lanes North (Beach Bowl) · Wilmington, NC

NOV5
ELECTION DAY 2019!
So You Think You Can Dance Live! 2019
Tue 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC

NOV7
John Toppings At Willoughbys
Thu 6 PM · Willoughbys · Leland, NC
Messy Hands
Thu 10 AM · New Hanover County Public Library · Wilmington, NC
Red Cross Blood Drive
Thu 10 AM · UNCW Office of Student Leadership and Engagement · Wilmington, NC

NOV8
Carolina Pines Fest 1
Nov 8 – Nov 9 · Carolina Pines Fest · Wilmington, NC
CFCC Veterans Day Ceremony
Fri 10 AM · Cape Fear Community College · Wilmington, NC
The Arty Party
Fri 6 PM · Arts Council of Wilmington · Wilmington, NC
Chitty Chitty Bang Bang JR.
Fri 7:30 PM · Hannah Block Historic USO- Community Arts Center · Wilmington, NC

NOV9
2019 Taylors Blueberry Farm Fall Festival
Sat 10 AM · Taylor’s Blueberry Farm Inc · Leland, NC
2nd Annual Fall Oyster Roast
Sat 12 PM · Watermans Brewing · Wilmington, NC
Funnel Cake Festival
Sat 4 PM · Kingdom Life – Wilmington · Wilmington, NC
Hidden Battleship
Sat 12 PM · USS NC Battleship · Wilmington, NC
Flavor of NC
Sat 5 PM · Carolina Yacht Club · Wrightsville Beach, NC

NOV10
First Annual Gala
Sun 5 PM · The Barn at Rock Creek · Leland, NC
Emily Roth at Dockside
Sun 5 PM · Dockside Restaurant & Bar · Wilmington, NC
Linda Ronstadt: The Sound of My Voice
Sun 4 PM · Sunrise Theater · Southern Pines, NC

NOV11
VETERAN’S DAY

Surfside Beach Veterans Day Service
Mon 2 PM · Passive Park, Surfside Beach, Sc · Surfside Beach, South Carolina

NOV13
Project Flying Wild
Wed 9 AM · Halyburton Park · Wilmington, NC
Kirtan with Wynne Paris, Noelle, and Stephen
Wed 7:30 PM · Mckay Healing Arts · Wilmington, NC
Trivia Night
Wed 6:30 PM · Blossoms Restaurant · Leland, NC
Pick-up Kickball Game
Wed 7:30 PM · Mike Chappel Park · Carolina Beach, NC
Meet-n-Greet: Birds of Prey From the Cape Fear Raptor Center
Wed 10 AM · Wild Bird and Garden Southport · Southport, NC
4th Annual Breast Cancer Golf Tournament
Wed 8 AM · Brick Landing Plantation Golf Club and Restaurant · Ocean Isle Beach, NC

NOV14
Open Mic Comedy
Thu 7 PM · Dead Crow Comedy · Wilmington, NC
She Kills Monsters
Thu 8 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
3rd Annual Sea to Table
Thu 5:30 PM · Jack’s Waterfront Bar · Morehead City, NC

NOV15
Marina Village Night Market
Fri 4 PM · Riverlights · Wilmington, NC
Kinetic Light
Fri 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Live & Local
Fri 4 PM · Oak Island Parks and Recreation · Oak Island, NC
Joshua Ward LIVE @ Porches Cafe
Fri 6 PM · Porches Cafe · Castle Hayne, NC

NOV16
NC Concealed Carry Class
Sat 8 AM · CCFT: Coastal Carolina Firearms Training · Shallotte, NC
7th Annual Taste of Wrightsville Beach
Sat 5 PM · Blockade Runner Beach Resort · Wrightsville Beach, NC
13th Annual Turkey Run
Sat 9 AM · Carolina Coast Harley-Davidson · Wilmington, NC
Customer Appreciation Day!
Sat 1 PM · The Veggie Wagon-Carolina Beach · Carolina Beach, NC

NOV17
Kenny G
Sun 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC

NOV18
Winter Sport Registration
Nov 18 – Nov 19 · Surf City Parks, Recreation, and Tourism · Surf City, NC

NOV19
Cape Fear Festival of Trees 2019
Tue 9 AM · NC Aquarium at Fort Fisher · Kure Beach, NC
NOV20
Music Bingo at Pantana Bob’s (Wilmington, NC)
Wed 8 PM · Pantana Bob’s Wilmington · Wilmington, NC
FHBI Marsh Cruise
Wed 1 PM · Hammocks Beach State Park · Swansboro, NC
Southport Monthly Bird Walk
Wed 8:30 AM · Southport, NC · Southport, NC
Role-Playing Game Night
Wed 6:30 PM · Maelstrom Hobbies and Games · Hampstead, NC
Trivia Night at Gallagher’s Bar and Grill
Wed 7 PM · Gallagher’s Bar and Grill · Surf City, NC

NOV21
Jeremy Mathews Live at Lagerhead’s Tavern
Thu 9:30 PM · LagerHeads Tavern · Wrightsville Beach, NC
Open Mic Comedy
Thu 7 PM · Dead Crow Comedy · Wilmington, NC
Holiday Mexican Fiesta w/ Chef Ramon Villasenor
Thu 6:30 PM · The Seasoned Gourmet + Cape Fear Food & Wine Club · Wilmington, NC
Joshua Ward LIVE @ SeaWitch Cafe’ & Tiki Bar
Thu 7 PM · SeaWitch Cafe’ & Tiki Bar · Carolina Beach, NC
John Toppings At Willoughbys
Thu 6 PM · Willoughbys · Leland, NC

NOV22
Dance Concert “Awakening” !!!
Fri 7:30 PM · Thalian Hall Center for the Performing Arts, Inc. · Wilmington, NC
Fourth Friday Gallery Nights
Fri 6 PM · Downtown Wilmington · Wilmington, NC
NOV23
Kure Beach Holiday Market
Sat 9 AM · Kure Beach Ocean Front Park · Kure Beach, NC
2019 Christmas at Twilight
Sat 4 PM · Christmas At Twilight · Wallace, NC
Holiday Craft Show
Sat 9 AM · Southport, NC · Southport, NC
Surf City Christmas Tree Lighting Celebration
Sat 6 PM · Sound Side Park · Surf City, NC

NOV24
Cape Fear Festival of Trees 2019
Sun 9 AM · NC Aquarium at Fort Fisher · Kure Beach, NC
Pinocchio
Sun 2 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
NOV25
A Very Postmodern Christmas
Mon 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC

NOV27
Mannheim Steamroller
Wed 3:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
NOV28
Wrightsville Beach Turkey Trot
Thu 7 AM

NOV28
THANKSGIVING DAY
2019 Mimosa Bay Turkey Trot
Thu 7:30 AM · Mimosa Bay Waterfront Community · Sneads Ferry, NC
Festival of Trees
Thu 10 AM · Museum of Coastal Carolina · Ocean Isle Beach, NC

NOV29
Battleship Ho! Ho! Ho!
Fri 10 AM · USS NC Battleship · Wilmington, NC
North Fourth Holiday Market
Fri 5 PM · Palate · Wilmington, NC
Burgaw Christmas Tree Lighting
Fri 6 PM · Town of Burgaw · Burgaw, NC
Swansboro Christmas Flotilla
Fri 5 PM · Town of Swansboro · Swansboro, NC
NC Holiday Flotilla Friday Night Party
Fri 7 PM · Blockade Runner Beach Resort · Wrightsville Beach, NC
Tree Lighting + Visit with Santa
Fri 5:30 PM · NC Holiday Flotilla · Wrightsville Beach, NC
Downtown Wilmington Tree Lighting
Fri 5:30 PM · Downtown Wilmington · Wilmington, NC
OIB HOLIDAY MARKET
Fri 10 AM · Ocean Isle Beach, NC · Ocean Isle Beach, NC

NOV30
16th Annual Flotilla
Sat 5 PM · Ocean Isle Beach, NC · Ocean Isle Beach, NC
Smithsonian Channel Film Screening
Sat 2 PM · Cape Fear Museum · Wilmington, NC