Wilmington NC Real Estate Guide

Fantastic positive news was released from the National Association of Realtors today.  The news release stated that the historically low interest rates combined with the $8,000 credit for first-time ( or homeowners who have not purchased a home in 3 years) helped raise the pending home sales contracts, for the third consective month.

The Pending Home Sales Index a “pending prediction” indicator based on contracts signed in April, rose 6.7 percent to 90.3 from 84.6 in March,
which is even above the April 2008 index of 87.5.

To get the first time home buyer credit of $8,000, contracts must be firmed up by November 30, 2009 to receive the credit, so we look forward to an increase in home sales.

The Wilmington NC real estate market has also enjoyed an increase in pending sales contract and still is in a a strong postion to continue this trend.

To search all Wilmington NC real estate and find out about the $8,000 tax credit please read more about the Wilmington NC real estate market here.

Wilmington NC Real Estate

It looks as though move up buyers have been sitting on the sidelines and contributing to lower sale prices in the second quarter in Wilmington NC. If you compare the second quarter to 2007 second quarter, sales prices have decreased by 6.1%. The list to sell ratio has also decreased to 95.5% compared to 97.4% second quarter 2007. Read the rest of this entry

Wilmington NC real estate market

We actually heard some pretty healthy news about the state of Wilmington NC’s real estate economy this week. According to Forbes list of cities with the most home equity, Wilmington NC ranked 20th at 61%. Data was used from Moody’s Economy.com, and ranked cities based on how much equity homeowners had in their home relative to its value. The cities that ranked well, of course, were the places where home prices have been stable or cities that did not get caught up in the subprime lending. These cities will more than likely fare better over the next year or so. The #1 city with the most home equity was Beaumont, Texas with 75%. House values are down nationwide 7.7% over last year, and some cities such as Los Angeles, Tampa and San Diego are down 20%. According to zillow, the home values in Wilmington NC are down only 1% from August 2007. For more specific market data on real estate in Wilmington, NC, more…

Wilmington NC real estate market report

The Wilmington NC real estate market report for 2008 is available for you to view some of the most active neighborhoods with average list price, number of homes available, number of homes sold this year and the average days on market.

Search by Neighborhood

Most home buyers do prefer to define their search criteria by neighborhoods such as affordable , move up , luxury , waterfront , golf or new homes . This will enable them to search a specific neighborhood within their price range or size.

Sold data is also available for each neighborhood listed.

For further detailed information, contact Kay Baker at kaybaker@seacoastrealty.com or www.cbbaker.com .

*01/01/08-07/20/08 statistics per Wilmington Board of Realtors Rappatonni website