Luxury Portfolio Spotlight

LOCAL SPOTLIGHT

OCEANFRONT HOME LOCATED ON THE NORTH END OF FIGURE EIGHT
WILMINGTON, NC, USA | 274 BEACH N ROAD, WILMINGTON, NC

The stunning oceanfront home located on the north end of Figure Eight. Offering five bedrooms, four full baths and two half baths. The upper level features open living areas, spacious master bedroom, gourmet kitchen with a butler pantry and a wall of oceanfront windows in the dining room. New roof, sliding doors, and hardwoods on the top level along with new interior paint. Sold furnished with a few owner exceptions and with a Figure Eight Yacht Club Charter Membership. Outstanding quality and construction by David James. A one of a kind treasure! See it!


A STYLISH LAKEFRONT HOME
LAKEWOOD RANCH, FL, USA

Contemporary, luxurious and sophisticated best describes this stylish lakefront home, perfectly situated in the prestigious Lake Club of Lakewood Ranch. Positioned on a scenic lake, you will enjoy fabulous, unobstructed lake and Grande Clubhouse views. Uniquely elegant, this thoughtfully-designed residence showcases pride of ownership and water views at every turn, with masterful architectural features and designer touches that create inspiring spaces for everyday living and entertainment. Step out to the outdoor terrace and take a refreshing dip in the large saltwater lap pool surrounded by travertine and over 1,000 sq ft of covered space. Or simply relax to your favorite music as you dine alfresco by the outdoor kitchen with two refrigerators and Lynx grill. An app controls the pool and landscape lighting. This gorgeous home provides a magnificent backdrop to your lifestyle. See it!


THE OAKS IN THONOTOSASSA FLORIDA
THONOTOSASSA, FL, USA

“The Oaks,” a magnificent sprawling country estate situated on Lake Thonotosassa, is one of Florida’s most significant homes to be built within the last century. The French-Normandy style manor embodies both majesty and family. The entirety of the compound totals 36,361 square feet of air-conditioned space of eight bedrooms, 12 full bathrooms, and 14 half baths plus an 11,000 square foot workshop with two half baths. Surrounded by carefully handcrafted rolling hills with manicured lawns, gardens and trees, the gated grounds encompass a long private driveway, main house, private two-story two-bedroom, 2.5 bath guest house, antique collector garage that can hold up to 20 cars, state of the art workshop, well-appointed pool house, horse barn with grazing pasture, indoor and outdoor saltwater pools, expansive loggia’s, two-story boathouse, race track, and one-mile jogging trail. See it!


Absorption Reports – 4th 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 4th Quarter of 2019, New Hanover County is showing a total of 1.8 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 3.4 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


February Events

FEB1
Wilmington Coffee Fest
Sat 10 AM · Hannah Block Historic USO- Community Arts Center · Wilmington, NC
Wilmington Cars & Coffee
Sat 9 AM · The Pointe at Barclay · Wilmington, NC
Dubtown Cosmonauts Live at The Palm Room
Sat 10 PM · The Palm Room · Wrightsville Beach, NC
Wes Sayer
Sat 6 PM · The Joyce · Leland, NC

FEB2
NFL’s Big Game
Sun 6:30 PM · Coastal Wing & Spirits Co. · Surf City, NC
Volante Winds
Sun 4 PM · University of NC at Wilmington – Beckwith Recital Hall · Wilmington, NC
Super Bowl LIV Watch Party
Sun 6 PM · Mad Katz · Wilmington, NC
Superbowl Party!
Sun 5 PM · Moore Street Oyster Bar · Southport, NC
Big Game Party At The Shack
Sun 6 PM · Shuckin’ Shack Oyster Bar – Surf City NC · Surf City, NC

FEB4
Waitress
Tue 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Trivia & Taco Tuesday!
Tue 7 PM · Local’s Tavern · Leland, NC
Tuesday Night Run
Tue 7 PM · Salty Turtle Beer Company · Surf City, NC

FEB5
Trivia Night at Gallagher’s Bar and Grill
Wed 7 PM · Gallagher’s Bar and Grill · Surf City, NC
Gruff Goat Comedy Showcase February Eddition
Wed 8 PM · Waterline Brewing Company · Wilmington, NC
Ailey II
Wed 7:30 PM · UNCW Kenan Auditorium · Wilmington, NC

FEB6
No Dollar Shoes Reunion
Thu 7 PM · Live At Ted’s · Wilmington, NC

FEB7
Art Crush
Fri 6 PM · Coworx · Wilmington, NC
UNCW Homecoming 2020
Feb 7 – Feb 9 · UNCW Alumni Association · Wilmington, NC
3rd Annual Concert for JDRF
Fri 8 PM · Brooklyn Arts Center · Wilmington, NC
Carolina Sky Live At Stoked
Fri 7 PM · Stoked Restaurant · Carolina Beach, NC

FEB8
Jason Crabb with Comedian Mickey Bell
Sat 6 PM · Kingdom Productions · Ocean Isle Beach, NC
Wrightsville Beach Valentine Run
Sat 11 AM · Wrightsville Beach, NC
Power Plant
Sat 12 PM · USS NC Battleship · Wilmington, NC
Cape Fear Beard & Moustache Competition
Sat 6:30 PM · Front Street Brewery · Wilmington, NC
Planetarium Adventures
Sat 2 PM · Cape Fear Museum · Wilmington, NC
Willoughbys: Thumby and the Fingers, The Next Show
Sat 8 PM · Willoughbys · Leland, NC

FEB9
Flying Machine Winter Market
Sun 1 PM · Flying Machine Brewing Company · Wilmington, NC
NC Symphony – Tchaikovsky Symphony No.5
Sun 7:30 PM · CFCC Humanities and Fine Arts Center · Wilmington, NC
Galentine’s Day Market + Benefit at Flytrap Brewing
Sun 2 PM · Flytrap Brewing · Wilmington, NC

FEB10
Don Felder
Mon 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Might As Well Girls Night Out + 3 Year Anniversary Party
Mon 6 PM · Might As Well Bar & Grill · Wilmington, NC

FEB11
At the Chef’s Table with Chef Keith Rhodes of Catch
Tue 6:30 PM · The Seasoned Gourmet + Cape Fear Food & Wine Club · Wilmington, NC
Live Music featuring Never2Late!
Tue 5:30 PM · Delilah’s Brew and Chew · Ocean Isle Beach, NC

FEB12
Playing for Pink CFCC Women’s Basketball Game
Wed 5 PM · Schwartz Center · Wilmington, NC
Pub Trivia
Wed 7 PM · HopLite IRISH PUB and Restaurant · Carolina Beach, NC

FEB13
East Coast Shag Classic
Feb 13 – Feb 16 · Hope Abounds, Inc. · Wilmington, NC
Guys and Dolls
Thu 7:30 PM · UNCW Kenan Auditorium · Wilmington, NC
John Toppings At Willoughbys
Thu 6 PM · Willoughbys · Leland, NC

FEB14
Valentines Dinner on the Farm
Fri 5:30 PM · Perryman Farm and Seafood · Hampstead, NC
Valentine’s Day Dinner w/ Annemarie
Fri 6:30 PM · The Seasoned Gourmet + Cape Fear Food & Wine Club · Wilmington, NC
Poetry Open Mic
Fri 6:30 PM · Pomegranate Books · Wilmington, NC
Anti Valentine’s Day Party
Fri 9 PM · Tortuga’s Nest · Surf City, NC

FEB15
Run Oak Island 2020
Sat 6:30 AM · Coastal Race Productions · Ocean Isle Beach, NC
A Special Valentines Show with Port City Trio
Sat 7 PM · Live At Ted’s · Wilmington, NC
Dinosaur World Live at The Wilson Center, NC
Sat 3 PM · Wilson Center – Cape Fear Community College · Wilmington, NC

FEB16
Live At Ted’s Presents: The Kennedys
Sun 4 PM · Live At Ted’s · Wilmington, NC
Wilmington Home Show
Sun 10 AM · Wilmington, NC Convention Center · Wilmington, NC
Gilbert & Sullivan: Pirates of Penzance
Sun 3 PM · Wilson Center – Cape Fear Community College · Wilmington, NC

FEB18
John Toppings At Smoke On The Water
Tue 6 PM · Smoke on the Water · Wilmington, NC
How to Care for Your Roses: The 5 Essentials by CEO David Pike
Tue 10:30 AM · Burgwin-Wright House & Gardens · Wilmington, NC

FEB19
Marlon Mosby Live!
Wed 8 PM · Whiskey Tango Foxtrot Wilmington NC · Wilmington, NC

FEB20
Delilah’s Grand Opening Party!
Thu 5 PM · Delilah’s Brew and Chew · Ocean Isle Beach, NC
A Weekend In Tree Hill 2020
Thu 7 PM · 1121 S Front St, Wilmington, NC
Wave Play Feb 2020
Feb 20 – Feb 24 · Oak Island, NC · Oak Island, NC

FEB21
Blind Justice at Bourbon Street
Fri 9 PM · Bourbon Street Wilmington · Wilmington, NC
Little Explorers
Fri 10 AM · Cape Fear Museum · Wilmington, NC
Cash Cornhole Tourney
Fri 6 PM · Capt’n Bill’s Backyard Grill & Volleyball Facility · Wilmington, NC

FEB22
Mardi Gras Party!
Sat 6 PM · Tap Time · Ocean Isle Beach, NC
Milkweed Madness: DIY Greenhouse
Sat 10 AM · Airlie Gardens · Wilmington, NC
Winter Reggae Jamz
Sat 9 PM · Burnt Mill Creek Billiards & Wine Bar · Wilmington, NC
Flannel Rebellion at Wild Wing
Sat 10 PM · Wild Wing Cafe · Wilmington, NC
Down South Thunder
Sat 9 PM · Luck’s Tavern · Castle Hayne, NC

FEB23
Art For All 10
Sun 12 PM · Brooklyn Arts Center · Wilmington, NC
Slapback Video Shoot
Sun 4 PM · Banks Channel · Wrightsville Beach, NC
Chris Bellamy Trailer Bar
Sun 5 PM · The Trailer Bar! · Surf City, NC

FEB25
Live Music featuring Never2Late!
Tue 5:30 PM · Delilah’s Brew and Chew · Ocean Isle Beach, NC

FEB26
Trivia Night at Gallagher’s Bar and Grill
Wed 7 PM · Gallagher’s Bar and Grill · Surf City, NC
Trivia Night at Fat Burgers
Wed 7:30 PM · Fat Burgers Sports Bar & Grill · Sneads Ferry, NC

FEB27
Ethan Jano & The Hilltop Revival Live at FlyTrap Brewing
Thu 6 PM · Flytrap Brewing · Wilmington, North Carolin
The Chase Brock Experience
Thu 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
WWAY Health Fair
Thu 10 AM · Independence Mall · Wilmington, NC

FEB28
Diana Ross
Fri 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC
Shoot To Thrill (AC/DC all female tribute band)
Fri 10 PM · Mad Katz · Wilmington, NC

FEB29
The Hampstead Wedding Showcase 2020
Sat 12 PM · Olde Point Country Club · Hampstead, NC
Saturday Night Fever
Sat 7 PM · The Isles Restaurant & Tiki Bar · Ocean Isle Beach, NC


The Market Place Academy is now Intracoastal Real Estate Academy

Intracoastal Realty recently acquired local real estate school The Market Place Academy, which was founded in Wilmington, NC by Phillip Galloway in 1991.  The school was officially renamed Intracoastal Real Estate Academy on January 20th, and is positioned to offer enhanced educational services to existing and prospective real estate agents.

The instructors at Intracoastal Real Estate Academy have combined for over 50 years of teaching experience.  Among the instructors is Galloway, whose previous company boasted the highest pass rate for pre-licensing classes in 2019 in the local area, according to the North Carolina Real Estate Commission.

At the helm of the new school is Stephanie Fessel, who also serves as the Vice President of Education for Intracoastal Realty.  “Education has always been the foundational pillar of Intracoastal Realty, and that will continue to be a major focus for the company going forward into the new decade,” Fessel said.  “Intracoastal Real Estate Academy will uphold Galloway’s heritage of providing exceptional educational instruction.  The school has some of North Carolina’s most respected real estate instructors, in addition to the support, resources, and prestige behind the Intracoastal Realty brand.  We believe this winning combination brings value to our local REALTOR® community and those seeking to get their real estate license.” The all-new website contains resources and class information for pre-licensing, post-licensing, and continuing education.  Visit the all-new website, IREAcademy.com, for more information.


How Brexit Could Positively Impact Our Local Real Estate Market

Nick Churton of Mayfair International Realty (an affiliate of Intracoastal Realty) looks at how a recent election in the UK has cleared the way for more real estate buying in the U.S.

In a surprisingly decisive vote, the UK chose Brexit – again. In December, Boris Johnson led his Conservative Party to general election victory with an unexpectedly large majority. This result secured him the numbers needed to carry through his promise to “get Brexit done” – an election trope that will join the list of the world’s most effective, such as “it’s the economy, stupid” and “there you go again”.

What this means for real estate markets remains to be seen. But there are signs that buyers and sellers in the UK, weary from three years of political uncertainty, are once again daring to dream of their next home.

There remain uncertainties: the UK still has a lot of work to do clinching worldwide trade deals, and no one is certain what arrangements there will be with the European Union concerning rights for UK home buyers and owners in countries such as France and Spain. It does seem likely, however, that there will be residency restrictions affecting the number of months Brits will be able to live in European Union countries each year.

These restrictions also affect UK buyers and vacation homeowners in the U.S. But up to now the attraction of Europe has been the length of continuous residency available. Now that could change, and Europe may have near parity with the U.S. in these restrictions, so more Brits could look for property across the Atlantic rather than across the English Channel. The shared language, the high standard of American homes and the exciting way of life are just three significant attractions.

With the UK’s trading horizons extended, there will be more Brits buying abroad for business and employment purposes, bringing the U.S. into sharp focus for UK homebuyers.

All this won’t happen overnight. But it is the way the international real estate market works. The economic climate, fiscal measures, employment, and political uncertainties all combine to alter national priorities. One year it is the Russians who are buying, then the Venezuelans and Brazilians, only for them to disappear and leave the field open to another nationality or two. It is the ebb and flow of the international real estate market.

Once again this year Annette Reeve and I will be on hand to help UK buyers, and other national buyers, transiting through the UK capital to find suitable homes and investment properties in Southeastern North Carolina. May we wish you a happy and prosperous 2020.

Nick Churton and Annette Reeve of Mayfair International Realty, run Intracoastal Realty’s London Office and are frequent visitors to the Greater Wilmington area.

Nick and Annette during a recent visit, and a tour of an Intracoastal Realty listing on Figure Eight Island.