Wilmington NC Real Estate Guide

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Many of you have asked about economic conditions in the Wilmington NC area.

Here are a few as stated in the Star News.

Home sale prices

Average Price of Homes Closed $234,988; $271,800 in 2008

Median Price of Homes Closed $183,233; $204,939 in 2008

Unemployment for August 2009

North Carolina 10.8%; 6.6% in 2008

Wilmingon Metro 9.7%; 6.1% in 2008

New Hanover County 9%; 5.6% in 2008

Brunswick County 10.6%; 6.9% in 2008

Pender County 11.1%; 6.4% in 2008

If you are interested in finding out more details about the Wilmington NC real estate market, such as foreclosures or short sale opportunities, please email kaybaker@ec.rr.com or call 910 232-0363. We can send a detailed list right to your inbox. You may also log on to my website at www.cbbaker.com to search all homes in Wilmington, NC.

Wilmington NC in the top 20 best cities

Wilmington NC ranked high on the Forbes list of cities best suited for businesses and careers. NC took six top spots on the list of 20 metro cities listed out of 200 in the US. Raleigh ranked #1, Durham #3, Asheville #6, Wilmington #13, Winston Salem #18 and Charlotte #19. The 200 cities were scrutinized for various criteria including past 5 years of job growth and continued projections through 2011. Also examined were living costs, business expenses, income potential and trends for growth.

Wilmington NC is located between the Cape Fear River and the Atlantic Ocean in Southeastern NC. It is home to UNCW, USS Battleship NC, Wilmington Regional Film Commission, NC Azalea Festival, The Fort Fisher Aquarium, Masonboro Island, Airlie Gardens and The World’s Largest Living Christmas Tree. Miles and miles of sandy white beaches are enjoyed on a daily basis by residents of the area. The mild climate makes for year round enjoyment of the many sounds, creeks, waterways and beaches.

Wilmington NC Real Estate

The Wilmington NC real estate market has been strong for many years and is named one of the strongest markets for appreciation. Real estate investors have enjoyed over 50% increase in property values in the past 5 years and less than 5% decrease in the past year in the housing meltdown.

For more detailed information on real estate in Wilmington, NC, please contact kay@cbbaker.com or call 800-497-7325. You may also log on to www.cbbaker.com to search all homes in Wilmington, NC by neighborhood, schools, zip, price or map.

Loans are Available

Now is the time to buy! There are great loans available under 5% and  some are 100% financing. First time home buyers can receive $7500 tax credit! In addition, there is a proposal in Congress for all home buyers to receive a $15000 home credit! Read the rest of this entry

Loans are Available

Now is the time to buy! There are great loans available as low as 6% and some are 100% financing. First time home buyers can receive $7500 tax credit! Read the rest of this entry

Buyers Search online versus print ads for homes in Wilmington NC

Buyers looking for homes in Wilmington NC are finding them online more often these days than not. According to NAR, consumers are five times more likely to buy a home found online versus in a newspaper, and 24 times more likely to buy a home found online than in a home book or magazine. Read the rest of this entry