“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Beverly Femia - Broker Realtor® Stager - Greater Wilmington, NC Area

Olde Point Home Sales Report - Updated July 1 to Sept 30, 2011 Hampstead NC

Olde Point Home Sales Report - Updated July 1 to Sept 30, 2011 Hampstead NC

9 closed sales Olde Point between July 1 and September 30, 2011

1 home built in 1980 located on the ICWW with a protected slip for 55' boat sold for $900k.

2 homes on marsh front sites sold for $330 & $375

6 remaining homes sold for an average $101 a sq ft

1 of 6 is a foreclosure

The 9 homes closed for an average of 88% of asking price

The 9 homes averaged 276 days on market for current listing and 296 days for all cumulative listings

The 9 homes were built between 1980 and 2005 and averaged 2763 sq ft in size

Olde Point Home Sales Report - Jan to June 30, 2011 Hampstead NC

16 closed sales Olde Point between January 1 and June 20, 2011

1 home built in 1974 needing updating, located on a deep water lot with a dock sold for $500k.

1 home on a second row Intracoastal Waterway site sold for $347

2 homes in Olde Point Estates on multi-acre sites closed for $342 and $353

12 remaining homes sold for an average $104 a sq ft

3 of 12 are foreclosures

1 of 12 sold at auction

1 of 12 is a short sale

The remaining 7 of 12 sold for an average $115 a sq ft

The 16 homes closed for an average of 92% of asking price

The 16 homes averaged 158 days on market for current listing and 201 days for all cumulative listings

The 16 homes were built between 1977 and 2004 and averaged 2353 sq ft in size

"Water Peep" Views - Appraisers Count on Truth in Marketing!

“Water Peep” was my mother-in-laws term for broken views available from homes across the street from waterfront properties.

Water Peep

Several years ago, we listed a second row property in Hampstead, NC 28443, across the street from the Intracoastal Waterway. The home, a 40 year old brick ranch, was never built for views. To make it worse, the waterway home on the ICWW side had a leafy privacy screen. Yet, my client’s home was on higher ground and, in leafless seasons, permitted “water-peep” from outside. On the inside, if I stood in one or two spots and looked hard, I might glimpse blue water. But, our client asked we advertise “water view” in our remarks.

She’d lived there for years, long before the trees across the street grew up. I had no doubt her “water view” still existed in her “mind’s eye.” We listed the property in late fall with leafless trees and, as requested, included "water view" in our remarks. Our pictures included a fall photograph taken from the yard showing water in the distance through a leafless tree screen. Come spring, when the leaves appeared, the “water view"disappeared Below, from a different angle, but from the same yard, you can see how completely the “water view” vanished!

Spring Water peep

One day in spring, I received a call from an appraiser working on comps for a nearby property. He got right to his point and chewed me out royally, reminding me that appraisers rely on remarks and photographs for appraisal comparisons. In his opinion, I was misrepresenting the properties features. I made a lame attempt to defend the seasonal aspect of the “water view” and promised myself never to be in that situation again.

Today, I've evolved and could handle my Client's request much better. I'm sure I could demonstrate how we'll market her properties unique location and features, representing it well to Prospects, Buyer's Agents, Appraisers and Lenders without crossing the line into misrepresentation. Experience is a great teacher!

Wilmington, NC Area Ranks High as Place to Live, Play!

Downtown Wilmington Boat

The Wilmington Business Journal says Wilmington is enjoying positive press from several sources in national media outlets like Orbitz, Bloomberg Businessweek, and Outside magazine. Orbitz named Wilmington area beaches their top pick as a late-summer beach bargain. Bloomberg Businessweek ranked Wilmington, NC as the 7th most fun, affordable city in the US while Outside magazine ranks Wilmington 6 in their “Best Towns” list in the October issue.

Such accolades provide great value to restaurants, hotels and a wide variety of retailers serving Wilmington area travelers. Best of all, they represent free advertising from credible unbiased sources and the value extends long beyond the endorsement!

Wilmington, NC’s Film Industry is Booming!

FilmThe Wilmington, NC film industry is booming in 2011. More than $100 million will be spent on production this year up from $29 million in 2009.

Wilmington is well prepared for its production success. The Wilmington EUE/Screen Gems facility is the largest production facility in the United States outside of California. In May 2009, EUE /Screen Gems Studios opened a 10th "Dream Stage" in Wilmington. This world-class, state-of-the-art studio is a 37,500-square-foot (3,480 m2) columnless structure with a 50x50x6 foot 90,000 gallon special effects water tank. The CW Network’s One Tree Hill filmed it’s 9th and final season this year at EUE/Screen Gems.

November 10th to 13th are this year’s dates for the 17th annual Cucalorus film festival recognized by the Brooks Institute as one of the top ten film festivals in the US.

Of course, Wilmington, with its mix of old and new location settings, is the perfect location for a wide range of productions!

Hampstead, NC 28443 Our Public Boat Ramp - Long Needed -Coming Soon

Hampstead Boat Ramp

It’s late October and the Pender Post reports the Hampstead public boat ramp construction is underway and may be complete as early as January 2012. Currently, pilings are being driven into the Intracoastal Waterway bed to support docks.

Given Hampstead’s proximity to the water, a public launch facility is an important asset to the community. Obtaining prime property at a great price was the key to the project.

The Lewis Road location, near Pecan Grove Plantation, is a great midpoint for boaters north and south of Hampstead. Next spring, boaters from all over the county will be benefitting from this long needed public boat ramp!