Wilmington NC Real Estate Guide

Good news for Wilmington NC real estate home buyers today. The Senate has extended the closing deadline for home buyers that signed contracts by the April 30th deadline. The closing date deadline is now Sept 30, 2010 instead of June 30th. That is good news for many home buyers that are having difficulty with loan completion by June 30th. Many lenders are backlogged with the volume of loan applications right now.

Wilmington NC Real Estate

And, if you did not take advantage of the tax credit, there are still great deals to be had in the marketplace right now. Many sellers with Coldwell Banker Sea Coast are offering the $8000 buyer bonus. So, get out and take advantage of a once in a lifetime opportunity to buy a home. You can begin your search right on my website at www.cbbaker.com or email kaybaker@ec.rr.com for a complete list of Wilmington NC foreclosures and short sales.

Wilmington NC Builder Matches Tax Credit

A Wilmington NC real estate builder is willing to match the $8000 tax credit to homebuyers that purchase any remaining townhomes at Carleton Place.

These elegant one level brick  townhomes are located within minutes to Wrightsville Beach, Mayfaire and UNCW. These homes are very affordable with prices starting at just $179,900 and custom upgrades such as granite countertops, stainless appliances, hardwood floors and ceramic tile are are INCLUDED! Three different spacious and open  floor plans are offered with optional one and two car garages and a finished room over the garage for bonus space.

Reserve your Wilmington NC townhome close to the beach, shopping and all that Wilmington has to offer right here at The Townes at Carleton Place.

If you are searching for Wilmington NC real estate, you can find it all on my website at www.cbbaker.com. There you can search by maps, prices, neighborhoods, schools and more.

Wilmington NC Real Estate

The real estate market in Wilmington is definitely showing signs of improvement in the number of homes sold and the list price for Dec 09 over Dec 08. And, our average sales price has decreased 9.6% over 4th quarter 08, and increased 5.3% over 3rd qtr 09. There was a 12% decrease in median sales price over 4th quarter 08 and.03% decrease over 3rd quarter.

Sales price to list ratio was at 94.3% in the 4th qtr 2009 and the 4th qtr had an increase in number of homes sold by 34.5% from 4th quarter 08. As we know a lot of these sales were primarily driven by the tax credit that was set to expire Nov 30, 2009.

Hopefully last year will be the year that the market has bottomed out and started to stabilize. And, 2010 should be the very best year in a long time, for home buying opportunities. Remember, first time home buyers tax credit has been extended and expanded to include repeat, move up buyers, prices are down 10% from 2008, foreclosures and short sales are excellent buying opportunities,  mortgage rates are at historic lows, and  there is a large inventory of homes for sale to choose from.

So, start your real estate search today at www.cbbaker.com. You can search by price range, map, schools, neighborhoods and more.