Third Quarter Report
Third quarter 2025 resulted in 26 home sales with an average sales price of $1,490,452 by way of fewer multimillion dollar sales, and a good number of sales around $1,000,000. The average square footage of homes sold in July, August and September is approximately 3515. The other important detail is that the percentage of sales price to list price continues to be strong at 96%. The calculations of Days on Market (DOM) is around 61 regardless of the size or price of the homes that sold. This DOM is a good bit higher than the last calendar year, which was closer to 30 or 40 days. The slight improvement in interest rates will be a good signal for the market in general, as that means that first-time buyers and move-up buyers will be getting back into the market sooner. Another rate cut or two by the Federal Reserve would be fortuitous for the entire real estate industry.
There were 6 lot sales in the third quarter, with one creek front lot leading the way at $899,900. The remainder of the lots were all in Helmsdale II which gave Landfall an average lot sale price of $628,958. Currently there are 15 sold lots at Helmsdale II and of the 16 remaining the price range is $490,000 to $675,000. Several plans have been approved by Landfall’s ARC and have building permits being issued by New Hanover County. Please call us to get information on the plans for Lots 17, 19, and 20, and 45 all of which have 3 car garages. Budgets are in process, and these new homes will be priced shortly.
Home Sales:
| STREET ADDRESS | ASKING | SELLING | DATE | SQFT. | SP/LP | |
| 1830 SENOVA TRACE | $1,795,000 | $1,700,000 | 9/17/25 | 2782 | 95% | |
| 2032 BAY COLONY LANE | $1,069,000 | $1,042,000 | 8/25/25 | 3548 | 97% | |
| 2022 BAY COLONY LANE | $1,050,000 | $1,080,745 | 8/8/25 | 2737 | 103% | |
| 2104 LYTHAM COURT | $949,000 | $949,000 | 8/5/25 | 3442 | 100% | |
| 1714 SIGNATURE PLACE | $719,000 | $678,000 | 9/24/25 | 1562 | 94% | |
| 7222 SADDLEWORTH TRAIL | $2,795,000 | $2,795,000 | 8/29/25 | 4871 | 100% | |
| 1814 MEWS DRIVE | $1,250,000 | $1,250,000 | 7/2/25 | 3196 | 100% | |
| 2016 GRAYWALSH DRIVE | $995,000 | $970,000 | 8/5/25 | 3006 | 97% | |
| 312 MOSS TREE DRIVE | $829,000 | $820,000 | 7/17/25 | 3071 | 99% | |
| 821 BEDMINSTER LANE | $1,125,000 | $1,090,000 | 7/30/25 | 3916 | 97% | |
| 1808 GLENEAGLES LANE | $849,000 | $815,000 | 7/15/25 | 1976 | 96% | |
| 1821 GLENEAGLES LANE | $720,000 | $665,000 | 7/29/25 | 1889 | 92% | |
| 1706 POPE COURT | $1,195,000 | $1,120,000 | 8/28/25 | 3961 | 94% | |
| 1527 LANDFALL DRIVE | $2,100,000 | $2,175,000 | 7/11/25 | 3257 | 104% | |
| 2021 SEAWIND LANE | $975,000 | $925,000 | 8/1/25 | 2993 | 95% | |
| 2000 SPINNAKER PLACE | $1,600,000 | $1,350,000 | 9/15/25 | 3890 | 84% | |
| 1824 STARFIX TERRACE | $1,050,000 | $1,000,000 | 7/25/25 | 2912 | 95% | |
| 1409 LANDFALL DRIVE | $3,200,000 | $3,000,000 | 8/22/25 | 5219 | 94% | |
| 1229 ARBORETUM DRIVE | $1,450,000 | $1,390,000 | 7/10/25 | 3332 | 96% | |
| 1138 ARBORETUM DRIVE | $1,500,000 | $1,500,000 | 7/15/25 | 3947 | 100% | |
| 809 HOWES POINT PLACE | $2,639,000 | $2,640,000 | 8/25/25 | 4411 | 100% | |
| 810 FOX RIDGE LANE | $1,030,000 | $995,000 | 9/9/25 | 2279 | 97% | |
| 833 GULL POINT ROAD | $1,595,000 | $1,450,000 | 7/15/25 | 4138 | 91% | |
| 721 ARBORETUM DRIVE | $1,825,000 | $1,800,000 | 7/22/25 | 4434 | 99% | |
| 605 DUNDEE DRIVE | $2,900,000 | $2,700,000 | 8/14/25 | 5143 | 93% | |
| 2033 SCRIMSHAW PLACE | $3,150,000 | $2,852,000 | 9/9/25 | 5474 | 91% | |
Lot Sales:
| STREET ADDRESS | LOT | BLK | PHASE | ASKING $ | SELLING $ | CLOSED | SP/LP |
| 800 Helmsdale Dr | 30 | HELMS II | $625,000 | $586,250 | 9/10/25 | 94% | |
| 828 Helmsdale Dr | 37 | HELMS II | $625,000 | $585,000 | 9/17/25 | 94% | |
| 832 Helmsdale Dr | 38 | HELMS II | $625,000 | $586,250 | 9/10/25 | 94% | |
| 840 Helmsdale Dr | 40 | HELMS II | $625,000 | $586,250 | 9/10/25 | 94% | |
| 825 Helmsdale Dr | 43 | HELMS II | $625,000 | $580,000 | 9/17/25 | 93% | |
| 813 Gull Point Rd | 10 | 17 | PJP | $899,900 | $850,000 | 8/22/25 | 94% |
