We also attended the Greensboro concert, as did Martie Davy, one of Landfall Realty’s sales professionals, also a great experience, just not the incredible intimacy of the Apollo.  Martie just flew to Philadelphia to the concert there this week, I hope she will blog a review.

As you can see, those of us involved with Landfall Realty carry our interests far and wide.  If anyone reading this was at the Apollo, let me know.

Ken Kirkman, General Manager

We also are pleased to see some new spec homes being built in Landfall.  LFR has already listed two new homes that have sold, and we are working with builders on several more about to be put under construction.  We have also paired several home site buyers with builders, evidence that the custom home construction business is also improving.

It has been a long time coming, but better times are finally here.  As a completed and essentially debt free community, we have long known that Landfall is perfectly positioned for a rebounding market.  Buyers are now confirming that belief.

And don’t forget the Azalea festival in April, usually Wilmington’s premier annual event to kick off warm weather season again.  There seems to be no end to the reasons to visit or live in Wilmington, and Landfall remains Wilmington’s prime residential destination.  If you know of an event that is of interest, please reply to this blog, so we can let our readers know about it!

2011 will see just over 100 real estate transactions in Landfall, a good showing in the continuing housing slump,  Landfall Realty’s market share has increased over 2010, resulting in a profitable year.  Howvever, the demand remains much stronger in homes $600,000 and under, and weak in the $1,000,000 and over price range, although the year has seen a few sales of high end properties.

2012 looks to be more of the same, with it unlikely that prices will rebound significantly in the next couple of years, as nationally the market continues to be a buyer’s market.  While Landfall has little foreclosure problem, the fact that there are over 2 million foreclosures nationally in the pipe line will keep prices from increasing materially.  It is a great time for buyers, not so good for sellers.  Fortunately, Landfall, as a mature community, with all amenities completed, and with an upscale club with little debt, remains well positioned to do better than most planned communities.

Mums the word for Landfall Realty

Orange was the color of the day, starting with the hand painted pumpkins by local Landfall artists.  The sky, however, was Carolina Blue on Saturday, October 9, which was a day of fun for kids of all ages. Landfall’s annual Fall Festival was another tremendous success raising money for the Kenan Chapel and the Landfall Foundation.  Landfall Realty was happy to volunteer at this community wide event, meeting and greeting new found friends as well as familiar property owners. The activities included a plant sale by the Council of Association, games for the children, face painting, and pumpkin painting, along with pony rides and the “Root Beer Float” in its own “boot.”

Landfall’s bluebird friends displayed their bluebird houses, and talked about their bluebird attraction program.  There were plenty of arts and crafts items for sale as well as a Landfall Bake Sale that was a huge hit, especially the specialties by our own entrepreneur Kate Costella, owner of Aunt Cake’s Cookies, yum!