Archive for Wilmington

Aug
21

Wilmington’s Residential Market Rebounding

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The sounds of hammers and saws are again echoing throughout the Wilmington area – and we’re not just talking about the work associated with the movie and television productions that now blanket the area.

After a multi-year lull in the wake of the Great Recession and bursting of the real estate bubble, the region’s housing industry is finally showing some signs of life and – more importantly – stability.

Housing starts are up, new apartment complexes are sprouting seemingly everywhere, home sales are trending upward, and builders are feeling more confident than they have in years.

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Blog Note:

Integra – South Carolina has recently completed a number of commercial appraisal assignments in the Wilmington, NC area. Please let us know if we can assist with your appraisal needs in that area of the Carolinas. 

Michael Dodds, MAI, CCIM

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Dec
09

Wilmington CRE Activity on the Rise

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An increase in new commercial development and leasing activity throughout greater Wilmington could spell a more optimistic first quarter of 2012.

Port City Mattress is expanding into the University Centre Shopping Plaza on College Road. The firm — which sells American-manufactured mattresses — will ink a lease agreement Monday for 1,200-square feet of space at the shopping center. Nicholas Silivanch, director of retail leasing and acquisition for Coldwell Banker Commercial Sun Coast Partners, brokered the three-year lease agreement.

Adam Withey, managing partner of Port City Mattress, said his firm will close its current Carolina Beach Road location before opening its new store in University Centre.

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Sep
22

Wilmington-Area Home Sales Up 10.5% over Last Year

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The Wilmington area’s real estate market is like a football game.

“Say, you’re in a game and you’re losing. The other team scores eight touchdowns on you and you score one back. “You are moving in the right direction, but you still have a long way to go.”

Intracoastal Realty agent Ashley Garner borrowed that idea from the National Association of Realtors’ chief economist to describe where residential real estate stands in the Wilmington area.

As we scoot along the bottom of the market, it’s too early to tell whether the last two months of sales figures are any harbinger of better days ahead, Garner said last week.

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