Distressed Properties, While Risky, Can Yield Great Deals

The state of the real estate industry, both locally and nationally, over the past decade or more has resulted in a large number of distressed properties hitting the market. A distressed property is one that has fallen into mortgage default, a scenario that may present a prime opportunity for an investor or anyone looking to snag a great house at a below-market price.

There are currently 711,514 properties in U.S. that are in some stage of foreclosure (default, auction, or bank-owned), according to RealtyTrac, a real estate information company and online marketplace for foreclosed and defaulted properties. In April, the number of properties that received a foreclosure filing in U.S. was 7% lower than the previous month and 23% lower than the same time last year, so the opportunities to get a rock-bottom deal, while still plentiful, are decreasing.

Saving money is the primary motivating factor for those looking into buying a distressed property. In March, the median sales price of a foreclosure home was $132,100, or 39% lower than non-distressed home sales, according to RealtyTrac.

There are two main types of distressed property situations, and each has a special process for prospective buyers. In a short sale, the lender and borrower agree to a deal in which the property may be sold for less that what is owed, arranged as a pre-foreclosure measure. A foreclosure happens when the borrower is not able to remedy a default on his or her mortgage and the entity that holds the mortgage, usually a bank, has taken ownership of the property with plans to sell and recoup what remains on the loan.

Either of these deals is possible to find in the Wilmington NC real estate market, but before you dive in such opportunities, it’s best to know a little more about what could be in store for you. In fact, you may want to consider finding an agent who has a Short Sales and Foreclosure Resource certification, or SFR®, from the National Association of REALTORS®. These agents can use their expertise to help you limit your risk and otherwise protect prospective buyers from the potential pitfalls of distressed properties.

Length of time

Are you willing and able to put in time and possible disappointment in exchange for the possibility of getting a great deal? If not, then you may want to steer clear of short sales and opt instead for foreclosures, which will go much quicker due to the motivated and unemotional nature of the selling bank. In a short sale transaction, a buyer may have a long wait, often for many months, while the seller’s lender decides whether or not it will accept a short payoff and the owner deals with possible mixed emotions about leaving the home, with no assurance of results. Also, with a short sale you are dealing with multiple parties – the distressed owner and one or more banks, depending on how many loans there were – so things can get very complex and frustrating. A foreclosure requires that you only deal with one party, the lender selling the home.

Condition of property

The good news about a short sale is that you may have the opportunity to view the property during the process. This isn’t always the case with a foreclosure, when you may not be able to walk through or have it inspected by a professional before buying, especially if the purchase is through an auction. Decide whether you are comfortable spending money on something sight unseen and as is, even if you are getting a steal of a deal. Some foreclosures may be left in poor condition when the previous owners were forced to vacate or from long periods of vacancy and neglect, so that’s another thing to consider when determining if it’s worth the risk. Short sales are still occupied and are likely to be in better shape.

Possible obstacles

With a foreclosed property, the bank is responsible for providing a free and clear title upon closing, so the buyer doesn’t have to worry about paying off liens or incurring any seller-related expenses. Also, the terms of the offer will stay fixed throughout the closing process. All of these factors could be variable in a short sale, so you may have more headaches as things progress.

Are you ready to explore the possibility of buying a foreclosure or short sale? When you want to find out more about the process of acquiring a distressed property, 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 13 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.

Intracoastal HomeSpotter App Makes It Easier in Today’s Real Estate Market

Technology has been a game changer in basically every industry you can imagine, and real estate is certainly no exception. Buyers and sellers have more data at their fingertips than ever, thanks to those ubiquitous smart phones that we all rely upon on a daily basis. Many people look to apps for the information they need in the process of buying and seling a home. This helps educate real estate clients but does not replace the personal service that goes along with having an agent to help navigate the waters.

“While adapting to consumers’ technological needs is a primary goal of Intracoastal Realty, there will always be a need for a market-savvy real estate expert to guide you through the legal aspects of the transaction process,” said Lake Slacum, vice president of marketing for Intracoastal Realty.

Intracoastal Realty has been working to deliver digital solutions to its customers for many years. In the Wilmington NC real estate market, many look to the Intracoastal HomeSpotter App, the area’s most accurate and complete home search app, to help them stay informed about what’s happening locally in the industry. The app, which was launched in November 2014, was the result of careful planning.

“We had been looking at real estate app technology for years,” Slacum said. “We waited for the right solution to come along before investing in the technology. The solutions available years ago were not quite up to par with what we wanted to offer our clients and the home-buying consumer.

“Research led me to a company out of Minnesota that was producing a top-notch real estate app solution that was bug-free, effective, and fast,” he added. “Even though our website has been mobile-responsive, meaning it scales to any device, for years, we still wanted to provide a mobile-specific solution for those who prefer to use apps during their real estate search. With mobile usage increasing significantly year after year, it just made sense.”

The Intracoastal HomeSpotter App’s easy-to-use search functionality displays a map that the user can toggle back and forth between satellite view and map view. There is also a filter to further refine your search by price, number of bedrooms or bathrooms, square footage, and more, plus users can save their favorite properties into a folder for later viewing and reference. The most cutting-edge feature, however, is the HomeSpotter technology. Pressing the HomeSpotter button engages the user’s GPS location and produces nearby properties on the screen in a radar-like fashion.

“This is a great feature that can be used in communities that don’t allow for-sale signs or when cruising in a boat along the Intracoastal Waterway to see which homes are for sale,” Slacum said. “It is state-of-the-art, game-changing technology that no one else in the market currently has. The consumers who download the app are always amazed. It almost always evokes a ‘wow’ or ‘awesome’ when the consumer starts using it.”

Buyers and sellers can both benefit from the Intracoastal HomeSpotter App. Its ease of use and design to work on a mobile device while on the go make it a convenient tool for those searching for a home, it receives a few thousand user sessions each day to increase visibility for those selling, and the information is updated several times daily from the Multiple Listing Service. “This gives us an advantage over some of the national apps, which are notorious for frequently being inaccurate with listings that are not on the market,” Slacum said.

Even those not interested in buying or selling right away will find the Intracoastal HomeSpotter App helpful. It has the ability to display sold properties, so if you want to know what price the homes in your neighborhood are going for, all you have to do it select the “sold” option in the Filter section under Status. “There is no other app like it in the marketplace,” Slacum said. “Not even the big-named national real estate portals have the bells and whistles that the Intracoastal HomeSpotter App has.”

The Intracoastal HomeSpotter App is one component of the technology available to Intracoastal Realty clients. In addition to its websites, there is a paperless transaction program that allows completion and execution of all documents electronically.

“We have the perfect tools to help the consumer find areas and properties of interest and make the process of buying and selling them go more smoothly,” Slacum said. “We are constantly updating these platforms with new features and functionality.”

Check out all the available real estate technology, including the Intracoastal HomeSpotter App, and when you’re ready for some personalized service, 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 13 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.

Tortoise and Hare Invade Real Estate Market

By Jim Busby, Broker/REALTOR® with Intracoastal Realty

Reflecting on the trend in the market over the past 10 years, I am reminded of our old friend Aesop with his story of the Tortoise and the Hare. To lay the groundwork for this “fable-listic” tale let’s cite a few facts:

10 Years Ago – In July 2006, the value of homes in the US reached an all-time high driven by a combination of factors including irresponsible lending practices, speculative buying and “flipping” of houses for short-term profit, and good old-fashioned greed. This “too good to last” bubble burst shortly thereafter and on a national basis, the collective value of homes dropped by an average 27% over the ensuing 5 years. Along with this drop came a number of defaults and foreclosures, throwing the market into further disarray and severely impacting the net worth and lifestyle of many Americans while shattering the American Dream of home ownership. For my purposes, this time of the market represents the “Hare” portion of the story, with exciting but unsustainable activity.

Today – It was only recently – the first quarter of 2017 – when the value of homes recovered to the peak values of 2006. This recovery involved slow and steady progress driven by fundamentals including higher employment, low mortgage rates, a compelling opportunity to “buy vs. rent”, and an overall improving economic tide that “lifted all boats”. While not as frenetic – or perhaps as exciting — as the mid-2000s period, this most recent upturn in the market was “come by honestly”, and should be more sustainable and longer lasting, as our friend the Tortoise would have it.

Current View of Local Market – Although values are back to their all-time high, do not feel like you have missed out on the market. In fact, because things have settled into a more orderly trend, there is a reasonable expectation that you would be buying into a more rational and predictable market.

Pricing – As noted above, prices have recovered to previous highs, and in the most recent report on the local market from Cape Fear Realtors Association, the median price increased 4.44% over the past 12 months to $201,025. In terms of unit volume – or number of houses sold – the total of 1160 homes was a 10-year high. We are officially in a “seller’s market” which means there are more people on the buyer’s side than on the seller’s side. According to the basic law of supply and demand, this has started forcing prices higher as buyers compete for a limited number of houses. As part of this equation, the supply of homes in New Hanover County has dropped from a 5.1 month supply in February 2016 to 3.69 months in February 2017. We generally look at a 4-5 month supply as providing a balanced market between buyers and sellers. A related statistic is “days on market” or DOM for a listed house before it sells, which decreases as an active market competes for limited inventory. This figure decreased from 109 DOM in February 2016 to 94 DOM in February 2017.

Interest Rates – Despite several up-ticks in the past year, interest rates are still near historical lows making home ownership very affordable. As of this writing on May 3rd, the 30 year conventional rate was 4.17% which should be a strong “call to action” for anyone still sitting on the fencepost on a purchase decision.


Jim Busby  |  Email: jbusby@intracoastalrealty.com  |  Phone: 910-443-3992

Infographic: Change In Home Sales By Price Range

Recently, this infographic was shared outlining the changes in year over year homes sales based on price range.


To highlight some of the data:

  • Home Sales are up year-over-year in the top 4 price ranges and only slightly below last year’s numbers in a fifth.
  • A lack of distressed property inventory has led to a slow down in sales in the under $100K price range.
  • As home prices continue to rise, there will be less homes available for sale in the lower ranges

This data was collected from NAR 1/2016 and reflects a comparison for home sales in 2015 nationally as prepared by the National Association of Realtors.

We compared these numbers to our local markets in New Hanover and Brunswick County and here is how our home prices measure up to the national averages.

For New Hanover County only, when comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15:

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase
  • For the $250-500K and the $1M+ price ranges, home sales have increased more than 25% when compared to the prior year
Change in Home Sales By Price Range New Hanover

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of WRAR (Wilmington Regional Association of Realtors):

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • The $100K and under price range is showing the smallest increase with less than 1 percent.
  • For the $100-250K and $750-1M price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $500-750K price ranges, home sales have increased more than 20% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 30%
All of WRAR Change In Home Sales By Price Range Single Family Home 01.2016

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of BCAR (Brunswick County Association of Realtors):

  • Home Sales are up year-over-year in all but one price range where the home sales price was under $100K
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $750-1M price ranges, home sales have increased greater than 30% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 120% over 2014.
Change in Home Sales By Price Range BCAR 1 2016

Thursday Update: Properties Under Contract through 12/10/2015

Under Contract

Selling Agent Listing Agent Property Address Town List Price 
Dan Willard Co-Broke 902 N Carolina Beach Avenue #2B Carolina Beach $234,900
Joe Fox Co-Broke 2304 Foundry Court Wilmington $319,500
Robin Summerlin Vance Young 7 Oak Landing Road Wilmington $575,000
Co-Broke Robbie Robinson 1709 Queen Street Wilmington $59,000
Co-Broke Craig Stinson 4712 Greenway Avenue Wilmington $119,900
Bob McCorkle Co-Broke 1226 Verandah Way Wilmington $489,900
Bobby Brandon Co-Broke 6109 Wayfarer Trail Wilmington $309,900
Bob McCorkle Co-Broke 121 Dupree Drive Wilmington $90,900
Co-Broke Lois Dixon 225 Bagley Avenue Wilmington $163,000
Bobby Brandon Michelle Clark 833 Royal Bonnet Drive Wilmington $249,000
Co-Broke Angie Pool 13 Lookout Harbour Way Wrightsville Beach $795,000
Co-Broke Mark Bodford 203 Shipyard Lane Hampstead $365,000
Co-Broke Carla Lewis 9220 Sedgley Drive Wilmington $349,900
Jonathan Kent Co-Broke 719 S 5th Avenue Wilmington $139,000
Co-Broke Keith Beatty 6004 Culdees Lane Wilmington $309,900
Co-Broke Sonia  Morris 1954 Farley Drive Wilmington $139,900
Lois Potratz Co-Broke 506 Hidden Valley Road Wilmington $225,000
Nicole Valentine Don Harris 2700 N Lumina Avenue #313 Wrightsville Beach $259,000
Vance Young Co-Broke 29 Lookout Harbour Wrightsville Beach $610,000
Co-Broke Robbie Robinson 1005 S 12th Street Wilmington $36,000
Carla Lewis Co-Broke 612 Bedminister Lane Wilmington $499,000
Juan Santos Co-Broke 2704 Ashby Drive Wilmington $148,000
Co-Broke Rebecca Lothe 115 River Oaks Drive Wilmington $324,900
Susan Keck Co-Broke 4826 Indian Corn Trail Castle Hayne $210,000
Co-Broke Jimmy Hopkins 142 Country Place Road Wilmington $359,900
Susan Keck Susan Keck 5892 Peachtree Court NE Winnabow $22,000
Co-Broke Karen Gaspar 211 NE 35th Street Oak Island $209,900
Karen Gaspar Co-Broke 936 West Ocean Blvd Holden Beach $455,000
Sandy Ledbetter Co-Broke 629 Creek Drive Hampstead $65,000

Thursday Update: Properties Under Contract through 12/3/2015

Under Contract

Selling Agent Listing Agent Property Address Town List Price 
Lois Potratz Co-Broke 209 Lancaster Road Wilmington $119,900
Co-Broke April McDavid 511 Surf Drive Wilmington $349,900
Angie Pool Co-Broke 7850 Willard Road Willard $36,720
Lee Crouch Bobby Brandon 6321 S Bradley Overlook Wilmington $467,000
Co-Broke Bobby Brandon 1906 Oak Street Wilmington $135,000
Co-Broke Carla Lewis 272 Garden Place Drive Wilmington $389,900
Co-Broke Michelle Clark 1300 Bird Dog Wilmington $179,900
Buzzy Northen Harper Fraser 4913 Pine Street Wilmington $130,000
Ashley Garner Co-Broke 1500 Timberfield Court Wilmington $364,900
Keith Beatty Keith Beatty 1709 Tearthumb Court Wilmington $482,000
Co-Broke Keith Beatty 1618 Landfall Drive Wilmington $689,900
Co-Broke Keith Beatty 6000 Tarin Woods Road Wilmington $318,000
Co-Broke Carla Lewis 1041 Club Court Wilmington $624,000
Nicole Valentine Co-Broke 3013 Remington Drive Wilmington $129,000
Co-Broke Vance Young 1957 Prestwick Lane Wilmington $399,900
Bea Desmond Co-Broke 826 Blule Point Drive Wilmington $324,000
Keith Beatty Co-Broke 119 Marsh Field Drive Wilmington $489,000
Robi Bennett Lee Crouch 118 Florida Avenue Carolina Beach $399,900
Bobby Brandon Gwen Hawley 5811 Bentley Gardens Drive Wilmington $395,000
David Eggleston Jr Co-Broke 5 Sandy Point Wilmington $2,500,000
Keith Beatty Co-Broke 215 Atlanta Avenue #3D Carolina Beach $189,500
Connie Parker Co-Broke 207 High Tide Drive Wilmington $245,000
Keith Beatty Co-Broke 901 Mound Battery Road Wilmington $185,000
Keith Beatty Co-Broke 2627 Leader Circle Wilmington $389,500
Keith Beatty Keith Beatty 1133 Lt Congleton Road Wilmington $365,685
Karen Gaspar Co-Broke 861 Ocean Blvd West Holden Beach $679,000
Karen Gaspar Co-Broke 481 Deep Water Drive Bolivia $925,000
Co-Broke Sandy Ledbetter 2116 Ocean Blvd #B Topsail Beach $289,000



Best Time To Buy Real Estate: October

Ever wondered what the best month, or best time of year to purchase a new home is? If you’re currently in the market for a new home, one of the questions that you often consider is when is the best time to get the best deal. Short of partnering with a reputable real estate agent and REALTOR®, one of the most important things in the home buying process is confidence that you are getting the best deal on the price of the home and the best mortgage available.

Most REALTOR®s will tell you that the better time is to purchase in the winter or in the fall to get the best deal. The logic behind that advice is simple: less competition. Most markets peak in the summer months, and as fall rolls around, it lends way to a less populous playing field, and allows you to be more competitive in your negotiation. Many home purchases are for families and revolve around the school year calendars. Families don’t typically look to uproot their family during this time as the activities and commitments of a hectic back-to-school schedule simply won’t allow it.

A few things influence buying decisions including the begin of the school year and holidays. Once your children reach the age to attend school, where your home falls into public school district lines becomes increasingly important to ensure the best district and education for your children. This may include relocating to get into a district of their choosing as well as relocating closer to be in closer proximity to public schools for convenience as well as relocating to for private schools.

That being said, RealtyTrac analyzed over 32 million sales of single family homes and condos since 2000 and found that the best bet in real estate is in the month of October.With more than 2.7 million sales closed in October over the past 15 years, the sales prices averaged 2.6 percent below the average estimated full market value at the time of the sale. In many markets, there is a dip in the real estate activity cycle in October and November.

Right behind October are February, July, December and January, which are obviously all fall and winter months with the exception of July. July is quite the surprise as many will tell you that July is prime time to sell, but hasn’t been revered as the best time to sell historically.

As days get shorter in the fall and winter months starting in November, the real estate market generally slows a tad.  With less hours of daylight comes a changes for seller to be able to showcase their home in the best possible light. Many sellers are advised to take their homes off the market until spring, but sometimes, the exact opposite advice is given especially if the seller is very motivated to sell. There are generally fewer buyers so the competitive landscape of the market changes as well.

The data analysis from RealtyTrac also points out that the worst month of the year to close on a home purchase is April. Generally, buyers end up spending an average of 1.2 percent more for homes, which could deem April a great month to close for sellers.

Best Day of the Week to Buy Real Estate

Monday may not be the favorite day for many, but in the real estate market, this should be a buyer’s new favorite day to close on their home. Buyers averaged a discount of 2.3 percent below market value when closing on a Monday. The second-best choice is a Friday, where buyers averaged a discount of 2.0 percent. Steer clear of closings scheduled on Thursdays as data shows that it is by far the worst day of the week with only 1 percent discount, with Wednesday not far behind at 1.4 percent discount and Tuesday nearly a full percentage point discount at 1.9 percent.

Top 10 Days For Buying Real Estate with a Discount

While this data is important and interesting, the best day to buy varies by market and these statistics are national averages across major metros. Out of more than 100 metro areas analyzed, 37 had their best day to buy average in the fall months of September, October, and November and 44 had their best day to buy in the winter months of December, January and February. Holidays contribute tremendously to the trend of October being a great month as most sellers are motivated and do not want to go through the holiday season with their homes on the market. There are exceptions to every rule and if you are looking to purchase or sell a home in Seattle market your home to sell on April 1, San Diego: August 20, Pittsburgh: March 17, and Cleveland: June 13.

Check out this interactive tool to show what the best day to buy is in your market:

Data provided by: RealtyTrac


Thursday Update: Properties Under Contract through 9/3/2015

Under Contract

Selling Agent Listing Agent Property Address Town List Price
Buzzy Northen Co-Broke 110 Topsail Watch Hampstead $485,000
Bob McCorkle Co-Broke 2212 Loblolly Ct Wilmington $135,000
Carole Sheffield Carole Sheffield 5007 Villa Pl Way Wilmington $224,500
Co-Broke Jeff Hovis 709 N 4th St #404 Wilmington $147,000
Connie Parker Co-Broke 203 Silver Sloop Way Carolina Beach $320,000
Keith Beatty Keith Beatty 813 Triton Ct Wilmington $339,900
Co-Broke Tee Woodbury 314 Colonial Dr Wilmington $385,000
Co-Broke Tee Woodbury 405 Clearbrook Dr Wilmington $198,400
Co-Broke Alicia Devereaux 16 N 26th St Wilmington $129,900
Rodney Harris Co-Broke 5917 Inland Greens Dr Wilmington $168,000
Lois Potratz Co-Broke 3810 Fawn Creek Dr Wilmington $133,900
Susan Lacy April McDavid 2148 Harrison St Wilmington $97,500
Lynne Boney Keith Beatty 4653 Laver Dr Wilmington $305,900
Co-Broke April McDavid 400 Virginia Ave #206A Carolina Beach $219,900
Co-Broke Carla Lewis 2105 Ainsdale Ct Wilmington $519,000
Bob McCorkle Bob McCorkle 158 Candlestick Dr Wallace $188,500
April McDavid Co-Broke 640 Windgate Dr Wilmington $235,000
Co-Broke Bobby Brandon 218 Beech St Wilmington $299,000
Lois Potratz Co-Broke 917 Taliga Ln Wilmington $184,900
Ashley Garner Co-Broke 4542 Kimberly Way Wilmington $67,900
Bob McCorkle Co-Broke 3849 Borough Rd Currie $64,000
Keith Beatty Lois Potratz 247 Silver Sloop Way Carolina Beach $299,000
Co-Broke Bob Fannon 1601 Gander Dr Wilmington $187,900
Co-Broke Paula Perkins 617 Wild dunes Cir Wilmington $369,900
Diana Holdridge Co-Broke 6027 Shore Park Dr Leland $169,900
Joseph Dalton Co-Broke 22 Marsh Haven Dr Sneads Ferry $179,900
Joe Fox Joe Fox 6717 Stone Ct Wilmington $29,000
Sonia Morris Nicole Valentine 1204 Olmstead Ln Wilmington $689,000
Allen LaCoe Co-Broke 1469 Eastbourne Dr Wilmington $256,900
Rainelle Mishoe Co-Broke 631 Southerland Farm Rd Wilmington $339,900
Linda Register Co-Broke 402 E Second St Ocean Isle Beach $599,900
Co-Broke Linda Register 63 Ocean Isle West Blvd #1105 Ocean Isle Beach $345,000
Edwina St Pierre Co-Broke 405 Sea Trail Dr W Sunset Beach $364,900
Co-Broke Janeise Collins 110 North Shore Dr Sneads Ferry $159,900

Thursday Update: Properties Under Contract through 8/27/15

Under Contract

Here is a look at the Intracoastal Realty properties that are under contract as of August 27, 2015.

Selling Agent Listing Agent Property Address Town List Price 
Co-Broke Keith Beatty 1723 Tearthumb  Ct Wilmington $472,101
Phil Brady Co-Broke 4577 Holly Tree Rd Wilmington $71,000
Sonia Morris Paula Perkins 3308 Belmont Cir Wilmington $129,900
Michael Pirkey Co-Broke 4011 E Durant Ct Wilmington $207,000
Joey Priest Marilyn Worthington 6832 Main St #234 Wilmington $309,000
Margery Jordan Co-Broke 121 Oak Haven Rd Atkinson $134,900
Co-Broke Joanne Stenersen 1316 Trout St N. Topsail Beach $285,000
Joy Morgan Co-Broke 3810 Echo Farms Blvd Wilmington $192,000
Co-Broke Zander Koonce 612 Belhaven Dr Wilmington $438,990
Co-Broke Shirley James 1012 Summerlin Falls Ct Wilmington $164,500
Joe Fox Co-Broke 857 Gull Point Rd Wilmington $769,000
Co-Broke Angie Pool 4178 Abbinbton Terrace Wilmington $148,900
Co-Broke Robi Bennett 7025 Forest Bend Ln Wilmington $292,500
Sharon Brock Co-Broke 606 Alabama Ave Wilmington $114,900
Bea Desmond Co-Broke 1715 Avalon Ave Wilmington $299,900
Co-Broke David Eggleston Jr 3829 Sweetbriar Rd Wilmington $243,000
Co-Broke Ashley Garner 201 Frederica Ct Wilmington $119,850
Bea Desmond Co-Broke 3848 Daphine Dr Wilmington $300,000
Gwen Hawley Ashley Garner 1314 S Lake Park Blvd #A-3 Carolina Beach $209,900
Co-Broke Buzzy Northen 904 Balfoure Dr Wilmington $161,000
Ashley Garner Co-Broke 2000 New River Inlet Rd #3304 N. Topsail Beach $179,000
Co-Broke Keith Beatty 6021 Culdees Ln Wilmington $344,900
Bob Fannon Co-Broke 4805 Greenway Ave Wilmington $189,900
Rainelle Mishoe Co-Broke 4314 Jonathan Ct Wilmington $256,500
Co-Broke Vance Young 233 Sutton Lake Rd Wilmington $450,000
Bobby Brandon Co-Broke 533 Rose Ave Wilmington $172,500
Co-Broke Mary Kruszon 4920 Split Rail Dr Wilmington $189,900
Co-Broke Robbie Robinson 414 W Wards Bridges Rd Warsaw $57,000
Co-Broke Sarah Burris 328 Wayne Dr Wilmington $239,500
Co-Broke Vance Young 1911 S 17th St #120 Wilmington $375,000
Tara Lee Co-Broke 244 Marsh Haven Dr Sneads Ferry $181,500
Diana Holdridge Co-Broke 311 Smallwood Ct Wilmington $169,900
Co-Broke Angie Pool 215 Willanda Dr Wilmington $219,900
Robi Bennett Robi Bennett 1215 Middle Sound Loop Rd Wilmington $421,000
Courtney Gore Co-Broke 4409 Jay Bird Cir Unit #203 Wilmington $105,000
Marsha Bonner Co-Broke 233 Racine Dr Unit #102 Wilmington $225,000
Co-Broke Angie Pool 941 Greenhowe Dr Wilmington $199,900
Edwina St Pierre Co-Broke 63 Ocean Isle West Blvd #1002 Ocean Isle Beach $388,900
Karen Gaspar/Karen Pratt Co-Broke 219 Country Club Dr Shallotte $228,900


Thursday Update: Properties Under Contract through 8/20/15

Under Contract

Here is a look at the Intracoastal Realty properties that are under contract as of August 20, 2015.

Selling Agent Listing Agent Property Address Town List Price 
Vance Young Co-Broke 1803 Brewton Ct Wilmington $299,900
Buzzy Northen Keith Beatty 6918 Farrington Farms Dr Wilmington $169,900
Co-Broke Joanne Stenersen 4130 Breezewood Dr #104 Wilmington $119,000
Co-Broke Tom Poston 114 Buckeye Dr Wilmington $197,000
Joyce Barnwell Co-Broke 1179 Amber Pines Dr Wilmington $139,000
Keith Beatty Co-Broke 4150 Sunglow Dr Wilmington $135,000
Cameron Brand Co-Broke 457 Autumn Chase Bolivia $279,900
Co-Broke Donna Foster 1006 Anchors Bend Way Wilmington $369,900
Co-Broke Rainelle Mishoe 5100 Owteway Pl Wilmington $539,900
Co-Broke Keith Beatty 608 Coburn Ave Wilmington $849,000
Carla Lewis Hugh MacRae 441 Hughes Rd Hampstead $595,000
Pam Kersting Co-Broke 786 Liberty Landing Way Wilmington $226,900
Co-Broke Keith Beatty 4309 Eleuthera Ln Wilmington $143,590
Susan Lacy Co-Broke 5315 Sun Coast Dr Wilmington $199,000
Margery Jordan Co-Broke 7009 Brittany Lakes Dr Wilmington $218,500
Co-Broke Paula Perkins 124 Hallbrook Farms Cir Wilmington $430,000
Co-Broke Gwen Hawley 1119 Swordfish Ln #1 & 2 Carolina Beach $510,000
Keith Beatty Co-Broke 213 Inlet Point Dr Wilmington $550,000
Co-Broke Bea Desmond 4700 Chamberlain Ln Wilmington $389,900
Jonathan Kent Jonathan Kent 1117 Willow Pond Ln Leland $77,000
Teresa Hill Co-Broke 1020 Apaloosa Trail Wilmington $210,000
Co-Broke Teresa Hill 8813 Sawmill Rd Wilmington $389,900
Co-Broke Teresa Hill 302 N 26th St Wilmington $119,900
Angie Pool Co-Broke 810 Darwin Dr Wilmington $179,900
Carla Lewis Co-Broke 6815 Towles Rd Wilmington $1,479,000
Sandra McNeil April McMunn 1124 Loman Ln Wilmington $143,000
Betsy Leonand Co-Broke 4 Sand Dollar Ln Carolina Beach $228,900
Keith Beatty Co-Broke 217 Inlet Point Dr Wilmington $72,000
Don Harris Co-Broke 805 Cedar Ramble Ln Wilmington $477,300
Co-Broke Lois Dixon 4411 Holly Tree Rd Wilmington $71,000
Co-Broke Jane Dodd 717 Rosemont Ave Wilmington $150,000
Co-Broke Nicole Valentine 5409 Old Garden Rd Wilmington $563,900
Bob McCorkle Co-Broke 1406 Carolina Beach Ave N Wilmington $1,650,000
Bobby Brandon Co-Broke 103 Cale Ct Wilmington $275,000
Bobby Brandon Co-Broke 5024 Barefoot Dr Wilmington $169,900
Rodney Harris Rodney Harris 6831 Main St #335 Wilmington $221,900
Co-Broke Edwina St Pierre 51 Concord St Ocean Isle Beach $439,500