By Judy Royal
The bustling Wilmington NC real estate market and its impressive array of homes and properties will be on full display when some of the biggest names in golf, their devoted fanbases, and other spectators come to town in seven weeks. The Wells Fargo Championship, to be held May 1-7 at Eagle Point Golf Club in the rapidly growing Porters Neck section of northern New Hanover County, will act as a showcase of our area for thousands of visitors who might be getting their first glimpse at what Wilmington and its surrounding beaches as well as neighboring Pender and Brunswick counties have to offer. Would it really be a surprise if more than a few of them decided to buy their own slice of our paradise? After all, plenty of people fall in love with Southeastern North Carolina while on vacation and later return to spend their real estate dollars here so they can become a more permanent part of the area. It’s a symbiotic relationship, as many of the factors that stimulate tourism also strengthen a destination’s property market and provide a boost to home sales.
Whether you’re ready to buy or sell, or even if you’re just seeking a long-term rental or an NC beach vacation rental, Intracoastal Realty is here to meet your Wilmington NC real estate needs. We are a full-service real estate brokerage operating since 1976, and we currently have 12 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.
If you’re already here, you might be thinking about offering your home for rent during the Wells Fargo Championship for the influx of visitors who will be descending upon our area. Intracoastal can help you with that, too. Many of these visitors will be seeking to combine the tournament with a beach vacation and looking for something a little less commercial than a hotel. Don’t go it alone and put yourself and your property at risk; let a professional help you navigate the waters of offering your home as a short-term rental option for those looking to explore and discover our area.
The Wells Fargo Championship, a PGA Tour-sanctioned competition usually held at Quail Hollow Club in Charlotte, began in 2003 as the Wachovia Championship and has raised more than $19 million since then through Champions for Education, its nonprofit host organization. Last year, the golf tournament in Charlotte drew 185,000 people. The tournament is making a one-year stop in Wilmington for 2017 because Quail Hollow Club is hosting the PGA Championship, one of golf’s four major tournaments, in August and the Charlotte course will need several months of lead time to prepare for it. Although the tournament will return to Charlotte in 2018, the Wilmington area will reap the benefits of the temporary relocation. With up to 30,000 tournament tickets available each day during the four days of competition rounds and a projected economic impact of between $40 million and $60 million for the region, the event is expected to infuse lodging and other service-related industries with a windfall and foster new or enhanced business relationships for area companies. Also, The First Tee of Greater Wilmington will be the primary beneficiary of the 2017 Wells Fargo Championship and its more than $1 million in anticipated charitable giving. Re-established in 2016 as a local chapter, this organization’s goal is to reach 25,000 youth within the community by 2018. With support from the City of Wilmington, a tract of land adjacent to the Wilmington Municipal Golf Course has been allocated for the building of a new program site that will consist of a three-hole practice course, driving net area, and 1,000-square-foot classroom building to create a solid learning environment. The grand opening of the new facility is scheduled for the week of the tournament.
Thursday and Friday of the tournament will be broadcast on the Golf Channel, with third and final round coverage on Saturday and Sunday to be nationally televised on CBS. The tournament is broadcast to one billion households in 225 countries. This will be the first PGA Tour event in the Port City since the Azalea Open was held at Cape Fear Country Club in 1971. That event started in 1949, and winners included Arnold Palmer, Mike Souchak, and Art Wall Jr. Player commitments for this year include Roberto Castro, Derek Ernst, Lucas Glover, Bill Haas, James Hahn, Mackenzie Hughes, Andrew Johnston, Danny Lee, Marc Leishman, Shane Lowry, Ben Martin, William McGirt, Phil Mickelson, Carl Pettersson, Jon Rahm, Adam Scott, Webb Simpson, Vijay Singh, and Hudson Swafford. Eagle Point is a Tom Fazio-designed course that opened in 2000 and has been ranked among the Golf Digest list of America’s 100 Greatest Golf Courses six straight years.