Landfall Newsletter Q1 2024
Hi,
While 4Q23 may have seen a holiday slowdown, 1Q24 was much more active in the number of sales, and in the number of new listings (28). Buyers are happy to have a few more choices when looking for a home, and homes are taking a little longer to sell – though when priced properly they sell quickly, and we still see multiple offers.
Everyone is still wondering when inflation will drop so interest rates can start to decrease some. That was originally expected to happen slowly as we make our way through 2024, and we may have to wait a bit longer. Thankfully we live in an area where people want to live, which will keep our market strong overall.
Here’s a snapshot of Landfall in quarter one of this year:
There are currently 20 homes for sale in Landfall, with 19 that have contracts pending.**
As for Landfall lots, there are 5 For Sale, no Pending Sales, and 1Q24 saw 1 lot sale of $550,000. **
*that doesn’t mean prices have increased 16%, just that more higher-priced homes have sold.
** as of 4/17/24
What questions do you have about Landfall, or the real estate market in general?
1035 Ocean Ridge Drive sold for $3,730,000 on March 14, 2024.
Our featured listing just happens to be the lowest priced home currently listed in Landfall. 1711 Signature Place | $799,000
Colony Club combines a premium location and carefree lifestyle. Private and secluded backyard overlooking the pond and fountain of Dye #15!
Listed by Amy Formanek / Michelle Clark Team | 336-553-8298
Having served on the Landfall Foundation board for 6 years, Michelle learned about the deep needs in our community. The Landfall Foundation supports local non-profits and schools in the Wilmington area through program and capital grants to these organizations in the Arts, Education and Health & Welfare. In 2023, $638,908 in total grants was awarded, a 10% increase over the prior year. And just recently, the Landfall Foundation awarded $100,000 in capital grants to five area non-profits and schools, bringing a total of $7.4 million donated since the Foundation’s inception in 1995.
The Landfall Foundation’s 4 annual fundraisers provide the bulk of the funding for the grants, including the Annual Gala (May 18), Art Show & Sale (July 31-August 2), and Holiday Marketplace (December 9).
Visit www.LandfallFoundation.org for more information about recipients, upcoming events, and volunteering.
Meet Carolyn Finley, Landfall’s longest-tenured resident!
Carolyn moved into the second home to be completed in Landfall in December of 1986. She chose Landfall initially because it was a new community, and she “didn’t want to be somewhere with a lot of homes.” After paying only $45,000 for the lot and less than $300,000 for the construction by Robert Rivenbark, she proudly “never had a problem” with her home. When asked what has kept her in her home, and in Landfall for so long Carolyn quickly responded, “If you’re happy, why change.”
As you can imagine, Carolyn has seen much growth over her 38 years of calling Landfall home. She fondly remembers when the community was very small, the days of knowing all residents and Club members, meeting wonderful people and making “some really good friends” – times when everyone would meet at the Club or at someone’s home for cocktails.
As an avid gardener, Carolyn learned quickly which plants Landfall’s huge deer population liked, especially early on when Landfall was being developed. It turns out they don’t like the color yellow, so they’ll stay away from lantana – did you know that?
Carolyn moved to Wilmington in 1961, and worked with Woodbury & Co. Insurance for 54 years, managing both the Wilmington & Myrtle Beach offices, and she loved her job. It was while working at Woodbury Insurance that she met the love of her life, Tom Finley.
An interesting fact about Carolyn is that she was the first woman to play in the Pro-Am at the Kemper Open in Virginia. With golf being such a big part of her life, Carolyn believes Landfall did a good job designing the golf courses. While she enjoyed playing on all of them, her favorite course is the Dye since it’s the original course. She has always taken full advantage of her Full Club Membership, working out at the fitness center several times a week and playing golf. She considered herself a “weekend golfer” while she worked.
Carolyn appreciates Landfall’s picturesque Temple Garden, calling it “a special place” and still a beautiful photo spot for weddings, but her favorite place is the Landfall Drive Park on the Intracoastal Waterway. She fondly recalls when she and Tom would pick up lunch from the Dye Clubhouse across the street, then sit, eat, and watch the boats pass by.
Carolyn has no plans to leave Landfall and is proud to be one of the Club’s Platinum Members. She feels blessed to continue to call Landfall home.
*interviewed by Michelle Clark in her home, April 2024*
March 18, 2024 marked the 500 year anniversary of Italian explorer and navigator Giovani da Verrazzano’s landfall on coastal Carolina. Like many other European explorers, he was looking for something that did not exist—a short route to Asia. Instead, he landed at Cape Fear, though the exact location is up for historical dispute.
The Landfall community logo features a ship flanked by a live oak tree and 1524, the year of Verrazzano’s landing below. The vessel represents Verrazzano’s ship La Dauphine.
As you might expect Landfall’s Verrazzano Drive is named after this explorer.
It’s time to visit the Kenan Chapel Garden, a peaceful and tranquil place to enjoy the sights and sounds of nature, combined with impressive sculptures created by Landfall residents.
That is where you can find Amy!
MICHELLE CLARK-BRADLEY | 910.367.9767 | mclark@intracoastalrealty.com
WENDY MILLER MCELHINNEY | 910-515-5495 | wendym@intracoastalrealty.com
AMY FORMANEK | 336-553-8298 | amyf@intracoastalrealty.com
Our team has an abundance of experience living and enjoying all that Landfall has to offer and has helped many clients find their dream homes in this community. We’d love to be your trusted advisors for all things Landfall! Call, email or text us anytime.
