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.