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11% Increase in Landfall Real Estate Values | Sales up 29%

Landfall Beats Local Wilmington NC real estate market 11% to 8%

If home values are your barometer of choice then Landfall real estate blew Wilmington away with values rising 11% versus the same quarter a year ago.  However it was combined with 29% more sales transactions than a year ago as well.  Throughout the analysis the 3rd quarter is used to compare against the 3rd quarter for more accuracy as opposed to month to month comparisons that are not reliable.

featured image Landfall real estate blog update 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Video

 

Partial Transcription for Landfall Market Update Video

Good morning everybody, I am Jay Seville the head of the Justnewlistings.com team in

Wilmington, North Carolina. I happen to own JustNewListings.com Realty as well in

Washington DC and Northern Virginia. The subject this morning is landfall. We are going to

look at quarter 3 of 2013 versus quarter 3 of 2012. One thing that you can never do in real estate

and it’s a typical mistake that the so called “journalists” make that cover news stories here and

there locally or even nationally with real estate, you can’t compare month-to-month data. It’s

worthless, it’s useless, it has nothing to do with what’s going on in the real estate market because

there is just going to be fluctuations every month. Some expensive home may sell one month

whereas the next month that $2 million home did not sell, which greatly distorts averages and

perhaps even medians, and you also have seasonal cycles – you have cycles within real estate

every year. Some months are just naturally higher than other months because of the cycle of

real estate in that local market. So if you compare October to September you’re already going to

have a big distortion in what the trends are going to be, but quarter-to-quarter comparisons are

very useful to us and even better than that are year-to-year comparisons. So right now we are in

quarter 3 of 2013, let’s compare it to quarter 3 of 2012 for landfall. A few days ago I did it for

all of Wilmington and now if you Google, you know, landfall homes for sale in Wilmington I

probably have five pages on page two of Google, maybe one on page one, but this is a niche and

I love representing buyers and negotiating aggressively in landfall.

So real quick, here’s what’s going on compared to last year. The number of landfall home sales

is up 29% compared to a year ago. When you shoot down here, this is the quarter-to-quarter

comparison July through September and we have 28.6%. So, it’s a busy market, how does that

relate to Wilmington, well in Wilmington for single family houses the number of home sales

was up 17%. So landfall is definitely keeping the trend and generally, I mean overwhelmingly

if a region is up then you are going to find various niche markets within the region going along

with the flow of the area as a whole. Now sometimes the impacts of price increases or decreases

will impact that niche market within the regional market at a different point, like a decrease in

prices may not hit landfall for example until six months later than it hits the rest of Wilmington

or vice versa, but generally even the niche markets within a region are going to follow the same

trend. So that’s a good example for it. Next we have the sold price compared to the list price.

So in landfall it stayed even, right here we have a 0%, 91% was the sold price compared to list

price for the third quarter and the rest of Wilmington I believe it was 94%. So often with more

expensive homes you have more room for negotiation, it works out that way. The average days

on market for landfall, how long does it take a home to sell? It was the same as the third quarter

last year, so that’s really great. Generally 210 days, you know, 211 this month – this year, last

year it was 208, so we are talking 6-1/2 months to 7 months is the average sale. So keep this in

mind those of you are listing homes with any broker including myself. Usually it takes a while

to sell these landfall homes. They are expensive and they are high demand that’s for sure, but six

months is very normal. If it’s priced right, let’s say instead of negotiating down to 91%, but it’s

only going to require maybe a 4% negotiation, so instead of listing at 600, they’ve listed it at 569.

Well, good chance it’s only going to take three months to sell the house and its going to end up

selling almost identically at its market value as it would have the other way. So it’s hard to beat

the market because you have educated buyer agents like me on the other hand trying to get 1

to 3% below the market value. So you want to sell your home quicker price it more closely to

market value and when you get to the right point, don’t budge anymore someone is going to buy

your house and that’s how you have a quicker sale in landfall.

 

 

Market data Landfall real estate sold price to list price 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Landfall real estate prices up 3rd quarter 2013 compared to year ago

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Price Range: $500,000 to $800,000 Price Average: $650,697
Size Range: 2,454 to 98,446 Sq. Ft. Size Average: 9,342 Sq. Ft.
Gallery List Map
1 18 of 55
1 2 3 4
Under Contract
Contingency
$ 800,000
2204 Masons Point Place
Wilmington, NC 28405
Landfall
Bed / 3 Bath
4,412 Sq. Ft.
Property Type: House
MLS® #: 100038760
Under Contract
Contingency
$ 800,000
2204 Masons Point Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100038760
House
3
4,412 s.f.
Enjoy panoramic vistas of the salt marsh & golf course from this lovely 4 bed, 3 bath, 4400 sf residence. While there's a view from nearly every room, you'll probably find yourself sipping morning coffee or afternoon cocktails on one of your back porches or terraces, or in the screened in porch, admiring the peaceful, dramatic landscape. Or stay indoors to relax, read or entertain friends under your exquisitely vaulted ceiling in the gorgeous family room. The home's kitchen/dining/tv and gathering spaces were recently reconfigured to highlight the outdoor views even more. Custom crafted with love, you will appreciate amenities including his and hers offices, his and hers closets, 2 huge pantries, abundant storage, irrigation well, storm panels for windows and large bonus.
Under Contract
Contingency
$ 799,950
1513 Black Chestnut Drive
Wilmington, NC 28405
Landfall
Bed / 5 Bath
3,920 Sq. Ft.
Property Type: House
MLS® #: 100067352
Under Contract
Contingency
$ 799,950
1513 Black Chestnut Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100067352
House
5
3,920 s.f.
This custom brick home is situated along the 7th fairway of the Jack Nicklaus Course in the Landfall community. The light filled floor plan is both elegant and comfortable with 3 bedrooms and 5 bathrooms. The gourmet kitchen features custom cabinets, a gas cooktop, and center island all open to a relaxing family room with built-ins and a fireplace. The Great Room features a tray ceiling, wet bar, fireplace, and opens to a covered tile terrace great for entertaining and al fresco dining. The lower patio offers additional seating areas. Private and peaceful, the Master Suite with high ceilings, dual closets and vanities, has ample space to unwind. Two additional bedrooms, each with private baths, are on the first floor. The large bonus room has a must see theatre and hobby room.
Under Contract
Contingency
$ 799,900
1215 Pembroke Jones Drive
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
4,597 Sq. Ft.
Property Type: House
MLS® #: 100007372
Under Contract
Contingency
$ 799,900
1215 Pembroke Jones Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100007372
House
4/1
4,597 s.f.
The classic French Provencal architecture lends itself to beautifully proportioned rooms that flow from one to another yet allow great flexibility within the floor plan. The home offers low maintenance brick freshly painted inside and out as well as fully updated. Incredible detail throughout with arched doorways, intricate moldings, ample natural light coming through large casement windows. The property is privately situated near the horseshoe offering lake views from the front and private wooded views in the back yard. A true chef's kitchen with rich cabinetry, granite prep surfaces and a Viking & Subzero appliance package. There is a breakfast room off the kitchen that joins to the living room and overlooks the sun room. The living room is spacious, open and bright and features a
Under Contract
Contingency
$ 792,900
1634 Pembroke Jones Drive
Wilmington, NC 28405
Landfall
Bed / 4 Bath
2,820 Sq. Ft.
Property Type: House
MLS® #: 100080136
Under Contract
Contingency
$ 792,900
1634 Pembroke Jones Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100080136
House
4
2,820 s.f.
Proposed construction in the highly desirable community of Landfall. This Mark Johnson Custom Home features single level living with a modern open floor plan. Located close to the Sports Center, Pool and main gate. Great School district! Landfall is a private, gated community with 3 security entrances, playgrounds, ball fields and beautiful green spaces and a waterfront setting. Private Country Club memberships available featuring a world class tennis center and pristine golf courses. Just a short bike ride to the sandy shores of Wrightsville Beach and across the street from Mayfaire.
Under Contract
Contingency
$ 784,000
904 Twisted Oak Place
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
4,703 Sq. Ft.
Property Type: House
MLS® #: 100051464
Under Contract
Contingency
$ 784,000
904 Twisted Oak Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100051464
House
3/1
4,703 s.f.
Ideal family home in Landfall on quiet cul-de-sac near the Intracoastal Waterway and Howe Creek. Heated floors in the kitchen and double sided fireplace connecting the dining room and living room keep everyone cozy! Renovated kitchen has stainless steel appliances, double ovens, gas cook top and central vac. Drop zone and laundry room located off of kitchen help keep the family organized. In addition to a master bedroom and office, there is a separate bedroom with its own bathroom and study on the first floor for guests. Large bonus room has a separate fitness area. Tons of walk-in storage throughout. New roof and fully encapsulated crawlspace.
Under Contract
Contingency
$ 764,000
2125 Auburn Lane
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
3,283 Sq. Ft.
Property Type: House
MLS® #: 100071323
Under Contract
Contingency
$ 764,000
2125 Auburn Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100071323
House
3/1
3,283 s.f.
Ideal family home in Landfall on quiet street. Private back yard with detached garage that would make the perfect pool house. Additional 239 square feet of finished space on the second floor of detached garage NOT included in overall square footage measurement. Main house has a great room with double height ceiling with built ins opening to fully renovated kitchen with stainless steel appliances, double ovens, gas cook top and large granite island for entertaining. Laundry room located off of kitchen. All windows and HVAC units were replaced within the last 5 years. Large walk-in storage area.
Under Contract
Contingency
$ 759,000
1911 Pembroke Jones Drive
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
3,681 Sq. Ft.
Property Type: House
MLS® #: 100076101
Under Contract
Contingency
$ 759,000
1911 Pembroke Jones Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100076101
House
3/1
3,681 s.f.
Location, location, location! This well appointed charming Low Country home is conveniently located to the Eastwood and Drysdale gates. Just steps away from the Country Club of Landfall's Sports Center, close to shopping, restaurants and gorgeous Wrightsville Beach, location doesn't get any better. The gracious southern style front porch welcomes you to this bright charming home. Features include a gourmet kitchen with granite countertops, built in stainless appliances including Wolf cooktop, Sub Zero refrigerator, double ovens, wine cooler and spacious breakfast room. Enjoy an evening of entertaining on the flagstone patio with a cozy custom wood burning fireplace. The Great room features vaulted ceilings, marble surround gas log fireplace and pretty built-ins.
Under Contract
Contingency
$ 750,000
2020 Pelican Reach Place
Wilmington, NC 28405
Landfall
Bed / Bath
98,446 Sq. Ft.
Property Type: Land
MLS® #: 30522777
Under Contract
Contingency
$ 750,000
2020 Pelican Reach Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
30522777
Land
98,446 s.f.
One of Landfall's largest lots (2.26 acres!) overlooking the Nicklaus 9th hole and Landfall Clubhouse. This home site is located at the end of a quiet cul-de-sac and features long water and golf views.
Under Contract
Contingency
$ 749,900
801 Wild Turkey Place
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
3,679 Sq. Ft.
Property Type: House
MLS® #: 100059859
Under Contract
Contingency
$ 749,900
801 Wild Turkey Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100059859
House
3/1
3,679 s.f.
Stately Georgian styled brick home located in prestigious Landfall. Quality construction centered on a high corner lot features Charleston styled gated courtyard perfect for entertaining. Inside features two beautiful living rooms, formal dining, well appointed kitchen, full master suites located on each floor, custom wood features include built-ins, crown moldings, pocket doors, and wood flooring throughout. Four generously sized bedrooms combined with three full bathrooms and one half bath. Other features include new HVAC system, extensive landscaping, mature treed lot, three balconies, enclosed sunroom, custom fireplace, and room to grow with two unfinished spaces of 800 sq ft and 600 sq ft perfect for a playroom, studio, exercise room, etc Must see today!
Under Contract
Contingency
$ 749,000
1626 Pembroke Jones Drive
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
4,390 Sq. Ft.
Property Type: House
MLS® #: 100020681
Under Contract
Contingency
$ 749,000
1626 Pembroke Jones Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100020681
House
3/1
4,390 s.f.
A classic colonial located in the gated Landfall community. This stately brick home offers 5 bedrooms, 3.5 baths and boasts over 4,300 sq. ft. A 2 story foyer featuring marbled floors welcomes you into a home built for entertaining. The formal dining room along with a den, a home office and master bedroom are downstairs. Also downstairs you will find an oversized living room with rich wood paneling and wood detail around the fireplace. Upstairs you will find 4 more bedrooms, and a bonus room with a wet bar. Outside is a large screened porch overlooking the shady backyard. There is an additional 600+ sq. ft. on the third floor that is unheated but has been plumbed for a bathroom and is HVAC ready. This house is close to the Eastwood Gate and minutes to Wrightsville Beach, fine dining and
Under Contract
Contingency
$ 749,000
2106 Stillwater Place
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
4,060 Sq. Ft.
Property Type: House
MLS® #: 100068212
Under Contract
Contingency
$ 749,000
2106 Stillwater Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100068212
House
4/1
4,060 s.f.
Located on the first green of Landfall's Jack Nicklaus designed ocean course, this all brick house features an open floor plan with 3 bedrooms on the first floor each with a private bath including a spacious master suite with his and her closets, walk-in shower with frameless glass enclosure and granite counters. Over-sized windows throughout this home allows natural light and views from every room. Upstairs is a huge room with built-in bar/mini-kitchen, full bath, closet and floored walk-in attic storage. This immaculate home lends itself to easy one floor living with updates including natural gas, tankless water heater, gas cooktop and logs. Additional features include sunroom, patio, 2 car garage and fenced rear yard.
Under Contract
Contingency
$ 749,000
700 Planters Row
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
4,363 Sq. Ft.
Property Type: House
MLS® #: 100044942
Under Contract
Contingency
$ 749,000
700 Planters Row | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100044942
House
3/1
4,363 s.f.
Stunning Country French Custom home with attractive features, large living and dining rooms, kitchen with oversized breakfast area and fireplace. First floor master includes an enormous closet with lovely windows for natural light. Huge lot perfect for cabana and pool.
Under Contract
Contingency
$ 745,000
2225 Masons Point Place
Wilmington, NC 28405
Landfall
Bed / Bath
23,522 Sq. Ft.
Property Type: Land
MLS® #: 30515177
Under Contract
Contingency
$ 745,000
2225 Masons Point Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
30515177
Land
23,522 s.f.
One of Landfall's most dramatic homesites! High bluff with gentle slope to the water loaded with majestic hardwoods. Beautiful long views of Howe Creek, the Intracoastal waterway, the inlet, and even the Atlantic Ocean! A nature lover's delight.
Under Contract
Contingency
$ 739,000
1427 Pembroke Jones Drive
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
4,845 Sq. Ft.
Property Type: House
MLS® #: 100047045
Under Contract
Contingency
$ 739,000
1427 Pembroke Jones Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100047045
House
4/1
4,845 s.f.
This low country design is located in Landfall's cherished first phase and offers broken views of the Pete Dye Lake. From stepping into the marble foyer to the vaulted sunken living room; from the spacious new kitchen overlooking breakfast area and sunroom to the first floor master suite with new bath (including frameless shower) and his and her walk-in closets, this well-kept home has an additional 4 bedrooms/3 baths upstairs and includes an ''in-law suite'' with private stairs and kitchen living area.
Under Contract
Contingency
$ 735,000
1113 Shelter Cove Place
Wilmington, NC 28405
Landfall
Bed / Bath
40,510 Sq. Ft.
Property Type: Land
MLS® #: 100077335
Under Contract
Contingency
$ 735,000
1113 Shelter Cove Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100077335
Land
40,510 s.f.
Have you been looking for the opportunity to build a custom home on a high expansive knoll at the end of a cul-de-sac, offering magnificent views of the ICWW, while also enjoying all Landfall Lake has to offer with wildlife and the change of seasons? Then this premier lot has it all - mature hardwood trees, easy access to the walking trail surrounding Landfall Lake and high views of the waterway and its breezes, which only Wilmington has to offer!Landfall is a premier gated community, in the heart of the "bubble", close to Wrightsville Beach, with shopping and restaurants and multiple recreational opportunities at your doorstep! As you enter the knoll off the Cul-de-sac, experience the full panoramic views of the Intracoastal waterway and the peacefulness of Landfall Lake.
Under Contract
Contingency
$ 729,000
1651 Verrazzano Drive
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
3,886 Sq. Ft.
Property Type: House
MLS® #: 100065324
Under Contract
Contingency
$ 729,000
1651 Verrazzano Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100065324
House
4/1
3,886 s.f.
Exceptional Family home & excellent location truly describes this Landfall property. The First living level is comprised of a formal Living with a fireplace, Dining room, open Kitchen with granite Island that connects to a Sun Room living area with recently refinished beautiful Heart Pine wood flooring throughout. Downstairs Master suite with newly renovated tiled bath & 2 additional bedrooms finishes off the main living area. Upstairs is ideal with 2 bedrooms, each with their own full bath, split by a very large media or playroom & small office area that is perfect for the kids. Relax on the front porch or large screened back porch for outside entertainment. Very close to the Eastwood Rd. & Landfall gates & walking distance to the Sports Center, Pool & Tennis. Lots of storage.
Under Contract
Contingency
$ 719,900
1859 Senova Trace
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
2,706 Sq. Ft.
Property Type: House
MLS® #: 100025001
Under Contract
Contingency
$ 719,900
1859 Senova Trace | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100025001
House
3/1
2,706 s.f.
Under Construction, estimated completion 3/2018. Southern coastal home in Landfalls newest community of Battery Park. Solidly built and spacious home bordering green space. A welcoming front porch leads to a foyer, an open great room with gas fireplace accented by custom built-ins, formal dining room and gourmet kitchen with large center island. First floor master suite features a large tiled shower and walk-in closet. A screened porch is accessible from the master bedroom or the kitchen/dining area. Second floor boasts 3 additional bedrooms, 2 full baths and a lounge area that can be used as a bonus room, office or playroom. Great location close to the Eastwood gate of the community, with easy access to Wrightsville Beach and nearby shopping, restaurants and nightlife.
Under Contract
Contingency
$ 709,900
1871 Senova Trace
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
2,670 Sq. Ft.
Property Type: House
MLS® #: 100025003
Under Contract
Contingency
$ 709,900
1871 Senova Trace | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100025003
House
3/1
2,670 s.f.
Southern coastal home in Landfalls newest community of Battery Park. This spacious home will border green space for extra privacy. A welcoming front porch will lead to a foyer and elegant great room that will showcase a gas fireplace. The open layout will feature the great room plus a formal dining room and gourmet kitchen with large center island. A large, private rear porch will be perfect for sunrises and sipping coffee. First floor master suite will feature a large tiled shower, tub and giant walk-in closet. Second floor will boast 2 additional bedrooms, 2 full baths and a lounge area that can be used as a bonus room, theater or playroom.
No listings available.
1 18 of 55
1 2 3 4

 

 

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