Carelton Place Townhomes Wilmington NC Real Estate

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Wilmington NC real estate offers brand new brick townhomes from $169,900 only minutes to Wrightsville Beach, Mayfaire and UNCW. These all brick townhomes offer easy first floor living with open floor plans,  3 bedrooms, garage and private courtyard, bonus room over garage on some plans. Granite countertops, stainless appliances and hardwood floors are standard in all models! Also, The Townes are Carleton Place offers pool and clubhouse. 

What better time to buy a beautiful townhome in the heart of Wilmington. Take advantage of historic low interest rates today!

Give us a call today at 910 262-3353 or email kaybaker@ec.rr.com for a tour.

Directions: North on College Road right on Oriole Drive, right on College Acres Drive and left on Carleton Drive.

 

 

 

 

 

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Wilmington NC Real Estate Remains Affordable for 6th Consecutive Month

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The Wilmington- Cape Fear Homebuilders announced yesterday that the “housing affordability” in the Wilmington NC area remained near the highest level nationwide for the 6 consectutive month.  The Wilmington NC real estate prices have been lowered and the interest rates are favorable.   

This quote is from WWAY 3 from the president of Homebuilders “The possibility of homeownership is more obtainable for buyers in our market now than it has been for years,” said WCFHBA President John Lancaster of Venture Homes of the Carolinas. “More buyers are beginning to enter the market again thanks to renewed confidence as housing prices stabilize while the fed maintains all time low interest rates.”

Syracuse NY held the top spot on most affordable homes, with some smaller housing markets following close by Mansfield, Ohio; Bay City, Mich.; Monroe, Mich.; and Lansing-East Lansing, Mich.  Lancaster says “Our market is greatly influenced by what happens up north, so the numbers out of places like New York, Pennsylvania and Ohio are encouraging,”. 

That is encouraging news when the news lately has not been so positive.

Please take a minute to tour our website and search the Wilmington NC real estate area to find the house, neighborhood and price that you are looking for.  We have an inhouse Lender – Alpha Mortgage and an inhouse Insurance Agency – Real Mark Insurance and would be happy to give you contact information so that you have a “One Stop” Shop to buy real estate.   We make it easy for you.  Coldwell Banker Sea Coast Realty and Kay Baker and Associates.  Search all Wilmington NC real estate on www.cbbaker.com

Categories: Economy, Financing a Home Purchase in Wilmington NC, Managing your debt, Uncategorized, wilmington nc, Wilmington NC Market Statistics, wilmington nc real estate

Wilmington NC Real Estate Market Stats

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Wilmington NC real estate median sold price continues its five month climb; we are 1.0% ahead of last month and 1.6% over last year this time. Our pending index is up 6.3% from last month. Our year to date we have a growth of 15.2% sold units over last year while our average sold price is just 1.9% behind last year. In our rolling 12 months we are 16.1% up in sold units and our average sold price is only down by 3.6%. This is the first month to break the string of sold units over the prior year; we had a string of 10 months. A key point to note is the average sold price is just a hair under last month by .03% or $707.00, but we are 8.4% ahead of last year this time.  The trend is our negative numbers and gaps keep getting smaller and smaller.
In the month of July, we saw a decrease of 125 Wilmington NC homes for sale, we have 5,604 homes on the market as of August 1st.  This continues to put us in a strong buyer’s market with a listing inventory of over a 16.0 month supply. With the low sales in July this affects our month supply with a change of 5 months from last month. Our average list price has stayed below the $400,000 range for eleven months; we are currently at $377,052. In July we saw a decrease in our seller concessions, it is now 21.7%. Our average days on the market are 121. The list to sold ratio is 94.8% and is up .4% from last month; this number needs to continue to get better. The number of homes that sold in 15 days or less continues to remain very low, 17.7% of July sold homes. The 30-year fixed-rate mortgage (FRM) averaged 4.44% with an average 0.7 points for the week ending August 12, 2010. We are now hitting historic lows in mortgage rates.
Listing Inventory
In July we saw our first decrease in listing inventory of 125 units. We are about 204 units over August 1, 2009. We have 5,604 single family homes for sale in our MLS. The average list price of $377,052 is down by $3,515 from last month. The average list price has decreased by 8.1% from August 1, 2009. Read the rest of this entry

Categories: Economy, Wilmington NC Market Statistics

Wilmington NC Real Estate Home Sales

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The Wilmington NC real estate market seemed slow in June and July and the numbers tell the story…The number of homes sold in New Hanover County last month dropped 31% from June 2010 and 20% from July 2009. This is definitely a hangover from the end of the tax credit. The average sales price was also down from June slightly and a little higher than July 2009. The median sales price was actually higher for July 2010 at $190,000, $185,000 July 2009 and $188,000 in June.

New Hanover County is also a leading county in the state in foreclosures and following suit with the nation in the slowdown. Buyers are wanting the best possible prices in the market and therefore sellers are having to compete with the huge number of  homes that are in foreclosure or short sale.

There are signs in the market place of builders once again gearing up, but they too are limited by the number of foreclosed homes being dumped on the market and possible depressing prices of existing homes. In addition, lenders are still overly cautious in lending money.

But on the bright side, August seems to be showing signs of more buyers coming to the table. But again, they are looking for a deal.

If you are a buyer and looking for Wilmington NC foreclosures or short sales, we can send a list right to your in box. And, you can also begin your home search at www.cbbaker.com. There you can search all homes in the Wilmington NC area by schools, map, zip codes, neighborhoods, price and more.. If you are in the market to sell your home, remember the three main components for a speedy sale are price, condition and marketing. Give us a call or email and we will be happy to discuss.

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Tax Free Weekend Wilmington NC

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If you are looking to purchase back to school supplies, computers or sports equipment, this weekend is tax free. In this touch economy, we can use any help we can get. The average family spends $563 on school supplies so that would be a $30 savings. There are limitations on the sports equipment of $50, computers $3500 and computer equipment $250.

The tax free weekends kicks off Thursday at Midnight and lasts till Sunday at 11:59P.

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Wilmington NC Real Estate Market Sales Increase

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For the tenth straight month, Wilmington NC real estate has shown an increase over last year, by number of homes sold.

The average sales price of homes sold in Wilmington, NC was down slightly over year end 2009. And, if you look at the most active zip codes: 28403 actually had an increase of 2.4% over last year; 28412 had a small increase .06% over year end 2009. Homes sold at 96.4% of asking price; 28405 had an average selling price of $264,322 with an increase of 5.7% from year end 2009. The average list price had increased 6.7% from year end. But, 28409 zip code had a 3.9% decrease in average selling price over year end 2009 and the average list price decreased 4.4% over year end. Homes sold at 93.6% of asking price. The average selling price in zip code 28411 decreased 6.3% over year end 2009 and the average list price decreased 8.1%. 28412 average selling price increased slightly and the average list price decreased slightly.

Overall, we saw a positive increase in units sold in the second quarter, but average sold price from second quarter 2009 was down 4.2%.

2010 does offer excellent buying opportunities with median home prices down 7.9% from year end 2008; foreclosures and short sales are excellent buys; mortgage rates are at historic lows; and there are 2889 homes on the market in the six zip codes in and around Wilmington, NC.

Now is definitely the time to buy Wilmington NC real estate. If you are searching for a home, just log onto my website at www.cbbaker.com and there you can search by schools, zip code, neighborhoods, map and more. If you would like a list of foreclosures and short sales sent to your inbox, just email kaybaker@ec.rr.com.

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Kay Baker Associates | 1001 Military Cutoff | Ste 101 Wilmington, NC 28405 | kaybakerassociates@ec.rr.com | 910-202-3607 | Fax 910-338-2428

Copyright © 2017 Wilmington NC Real Estate Guide. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.