- Home and home site sales through the first eight months of 2010 have passed the $30 million mark at Brunswick Forest, representing the fastest sales pace since doors opened not quite four years ago in the Wilmington, NC area community. Shown are new homes now being built in the Belshaw neighborhood.
Since January 1 through August 31, 2010 a total of 103 sales representing $30.5 million in volume have been recorded, eclipsing the eight-month record mark of 101 homes and home sites set in 2008. If the pace continues—and Brunswick Forest Realty officials say there’s no reason why it shouldn’t—sales will approach 150 homes and home sites for the 2010 year.
Home sites at Brunswick Forest begin at $75,000; homes begin in the mid-$200,000s.
“If the housing market is depressed nationally, it missed Brunswick Forest,“ said Jerry Helms, director of sales. “More and more people are coming to the Wilmington, NC area, and more and more people are recognizing the value of what we have to offer in our community. That’s good news for Brunswick Forest, and good news for the Cape Fear Coast.”
More than 675 families have purchased at Brunswick Forest, which Helms says makes it the fastest growing community in the Coastal South.
The announcement comes in the wake of the opening last Fall of Cape Fear National®, an 18-hole premium public play Championship golf course that has been rated among the best new courses in the South; the opening of a 40,000 square foot medical center in a major retail and professional center called The Villages at Brunswick Forest at the community’s entrance; and a special welcome to the 10,000th visitor greeted at the community’s Sales and Welcome Center.
While Wilmington, NC area real estate sales are relatively flat, Brunswick Forest officials point to factors that include developer resources, location, local roots and a growing community whose neighbors keep telling their friends about Brunswick Forest as important reasons for what by any measure appears to be a significant real estate success story during difficult times.
According to Alan Kerry, president of Lord Baltimore Properties, a wholly owned subsidiary of Lord Baltimore Capital Corporation and the sole developer of the community, Brunswick Forest was created “without a penny of debt.” He said a very large initial funding commitment was an integral part of the plan to put infrastructure and amenities in place well ahead of any revenue generated by sales.
“We knew a message of rock solid developer resources and promises kept was an important one,” said Kerry, “especially in a marketplace unsettled by experiences elsewhere. The community is vibrant, growing and—most importantly—securely funded That’s a message that clearly resonates to the many people who visit us looking for a lifestyle and a home.”
Certainly helping, said Jeff Earp, Brunswick Forest president, is the community’s location just ten minutes south of Historic Downtown Wilmington, NC on US Hwy 17. Residents enjoy a community dedicated to nature and the environment, while still enjoying immediate access to the attractions, area beaches and resources of one of the Coastal South’s most charming cities.
“Wilmington, NC is a real jewel,” said Earp, “attractive, historic, intimate and fun. Our residents can live a natural style inside the community, yet just 10 ten minutes away there are the attractions of a wonderful cosmopolitan, southern city. More and more folks coming from the North stop to admire Wilmington then visit Brunswick Forest. Once they’re here, the decision to make our community their home comes easily.”
Earp is a native of Winnabow, NC and he and his three-generations deep family have been residents of Brunswick County for more than 100 years. Responsible for directing the on-site development, operating and sales and marketing team for Brunswick Forest. Earp earlier joined with Wilmington, NC native, North Carolina State roommate and now President and Chief Investment Officer of Lord Baltimore Capital Management Matt Long to conceive and then ultimately launch the Brunswick Forest community.
About Brunswick Forest
Brunswick Forest is a residential community situated on 4,500 acres of woodlands, creeks, forests and natural areas set 10 minutes from Historic Downtown Wilmington, NC. Residents choose from a wide range of prices and lifestyle options, from low-maintenance luxury town homes to home sites and spacious custom homes. Secluded neighborhoods, each with its own distinctive character, are found throughout the community. Residents also enjoy a wide variety of amenities in place today, including an 18 hole Championship golf course at Cape Fear National, an 18,000 square foot Fitness and Wellness Center, a Community Commons, a River Club, parks and natural areas and more than 100 miles of paths and trails. Most recently, New Hanover Regional Medical Center opened a 40,000 square foot medical office building at The Villages at Brunswick Forest, a major retail, professional and entertainment center at the community's entrance. For more information, call (910) 343-3150; (888) 371-2434 or visit www.brunswickforest.com
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