Simplest Home Projects To Try on Your Own
Simplest Home Projects To Try on Your Own
October 28, 2020
Lessons From My Father
October 31, 2020

Celebrating Success!


What is going on? Despite a pandemic, the Cape Fear Region’s real estate sales, along with both commercial and residential development are soaring, even setting some records.

->>Click here to check out record-breaking closed sales, pending sales and new listings in the tri-county area from Cape Fear REALTORS for the month of September as well as census statistics on growth in the area.

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Median sales price for Single-Family and Townhome/Condo combined grew by 10% year-over-year, to a new high of $275,565. The fastest selling properties are prices at $150,000 and below are sold within 49 days. Properties priced over $450,000 led the way among all housing segments with 62.5% over September 2019.

    Three-County Region  CombinedSingle Family &   Townhouse/Condo September 2020 September 2019 Y-O-Y % Change*12-month rolling
  Closed Sales 1,404935+50.2%
  Pending Sales1,508879+71.6%
  New Listings1,3771,038+32.7%
  Days on Market6972– 3 Days
  Median Sales Price*$275,565$250,498+10.0%
  Months’ Supply1.94.0-52.5%


   

POPULATION COMPARISONS CAPE FEAR REGION:

Population as of July 1 2020 (Worldpopulationreview.com)

  • NEW HANOVER COUNTY: 239,508
  • BRUNSWICK COUNTY: 148,762
  • PENDER COUNTY: 64,950

Population as of July 1 2019 (Census.gov)

  • NEW HANOVER COUNTY: 234,473 
  • BRUNSWICK COUNTY: 142,820
  • PENDER COUNTY: 63,060

Population as of July 1 2018 (Census.gov)

  • NEW HANOVER COUNTY: 232,256  
  • BRUNSWICK COUNTY 136,880   
  • PENDER COUNTY: 62,017

Population as of July 1 2010 (Census.gov)

NEW HANOVER COUNTY: 203,286

BRUNSWICK COUNTY: 108,065

PENDER COUNTY: 52,416

Area Commercial/Residential Construction Statistics comparing 2010 to 2019

Information obtained from New Hanover Co. Planning Dept. 

Value of New Commercial Construction in New Hanover County 

2010: $12,287,972

2019: $53,432,561

Multi-Family Dwelling Units built 

  • 2010: 98 multi-family units built
  • 2019: 1,574 multi-family units built

New Hanover County residents earning $200,000 or more (US Census factfinder)

  • 2010:   3.9% of the population
  • 2019:   6.9% of the population

Single Family New Home Construction Building Permits issued 

(information obtained from Wilmington Cape Fear Home Builders Association)

New Hanover County:

  • 2010: 424
  • 2019: 1,435

Single Family New Home Construction Building Permits issued 

(information obtained from Wilmington Cape Fear Home Builders Association)

Brunswick County:

  • 2010: 892
  • 2019: 2,477

Buildable Land Left in Wilmington 

(information obtained from Create Wilmington Comprehensive Plan) 

2019: 2,800 acres of vacant buildable land remaining

2016: 6,757 acres of vacant buildable land remaining  

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->>CONGRATULATIONS to:

DAE BUILDING, a local commercial construction company who is experiencing a 25% to 30% jump in growth to their projects this season despite being in a pandemic click here to read Jonathan Earle’s story of how a leap of faith and a lot of hard work turned into a thriving construction company. 

->>RECORD SALES for:

Stevens Fine Homes, a long-time residential developer who has surpassed their goals for the season despite a pandemic. Click here to read Craig Stevens’ incredible story about starting his company out of the back of his pick-up truck in the 1990’s and how he prepared for what could very well be his most unexpected year in the business.



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