Coastal North Carolina has gained a well-deserved reputation for its breathtaking natural beauty, vibrant communities, and thriving real estate market. In fact, according to the United Van Lines Annual National Movers study, Wilmington claimed the top spot as the most desirable place to move to in 2022. As a result of this increased popularity, the cost of new home construction in Wilmington and its surrounding areas is on the rise.
If you have decided that the Coastal Cape Fear region is where you want to invest in your next home, we recommend familiarizing yourself with the median price range of new-construction homes in three prominent counties: Brunswick, New Hanover, and Pender. Each county offers unique advantages and considerations for prospective homebuyers. Let’s delve into the statistics for each county, providing you with a clearer understanding of the property value landscape.
Brunswick County
Among the three counties, Brunswick County experienced the most significant increase in median prices for new home sales in 2022. The median sales price surged from $299,320 in 2021 to a record-setting $355,990, representing a remarkable $56,670 increase. Despite this growth, Brunswick County remains well below the 2022 U.S. median of $454,900 for new homes. This lower median price point may attract buyers seeking affordable coastal living without compromising quality. Prospective homeowners can explore diverse housing options and enjoy the county’s charming communities, beautiful beaches, and excellent golf courses.
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New Hanover County
New Hanover County boasted the highest increase in median price for new home sales in 2022 compared to the other two counties. With a 21.8% surge, the median price climbed to $461,885. This substantial year-over-year increase outpaced the national median by nearly $7,000. New Hanover County offers a vibrant coastal lifestyle, including the historic city of Wilmington, beautiful beaches, and a thriving arts and cultural scene. The higher median price range indicates a market catering to a variety of buyers, from those seeking luxurious waterfront properties to individuals interested in urban living. While the higher prices can be challenging for some, the county’s amenities, educational institutions, and economic opportunities make it an appealing option for many.
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Pender County
Pender County experienced a 24.4% increase in the median price for new home sales in 2022 compared to the previous year, resulting in a median price of $447,899. Although this increase slightly lags behind the national median, Pender County offers a balance of affordability and coastal living. The county provides a more laid-back atmosphere, characterized by its scenic landscapes, charming small towns, and access to outdoor activities. Prospective buyers seeking a tranquil coastal retreat or a family-friendly community may find Pender County particularly appealing. However, those searching for a bustling urban lifestyle with an abundance of amenities may need to consider neighboring counties like New Hanover for a more robust range of options.
Whether you’re a first-time homebuyer, looking to relocate, or seeking an investment opportunity, our team is dedicated to helping you navigate the real estate market in Coastal North Carolina. With our expertise and access to a wide range of properties, including those in Brunswick, New Hanover, and Pender counties, we ensure you can find a home that suits your needs and aligns with your budget. Explore our inventory today, and let us assist you in discovering your dream home in this beautiful coastal region.