Want to buy a home? Manage your debt | Wilmington NC real estate

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If the low prices and the low interest rates have you wishing you could buy a new home but cannot because of your debt load, there is still time to reorganize your finances to make your wish come true.  Take a realistic look at where you spend your money.  Write everything down and where you spent it.  Is there a $4.00 Latte everyday? Make a budget and try to do away with some of the extras that you buy on a whim.  There are budget tools online, like Suze Ormans expense tracker that will help get you started.   We also have a credit repair company that can help you earn additional points for your credit score, so that you can qualify for lower interest rates.  Before you know it, that new home can be yours.  Be patient and work towards what you really want.  We can help you achieve this.  For all your Wilmington NC real estate needs please visit www.cbbaker.com or www.kaybakerwilmington.com

To view the home pictured please visit www.AskMeAboutWilmington.com

Categories: Buying Wilmington NC real estate, Coldwell Banker Buyer Bonus Program, Economy, Financing a Home Purchase in Wilmington NC, Managing your debt, Uncategorized, Wilmington NC Neighborhoods, wilmington nc

April 2009 Pending Real Estate Sales Contracts Up for Third Month

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First Time Homebuyers DreamFantastic 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.

Categories: Buying Wilmington NC real estate, Economy, Financing a Home Purchase in Wilmington NC, Uncategorized, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington nc

Wilmington NC Real Estate 2nd Quarter Sales Report

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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

Categories: Wilmington NC Market Statistics, Wilmington NC Neighborhoods

Wilmington NC real estate economy

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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

Categories: Wilmington NC Market Statistics

Wilmington NC real estate neighborhood update

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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 .

Neighborhood Current Average Sold Days
Homes Listing Price on Market
Alamosa Place 7 $171,671 11 130
Whitney Pines 10 $177,450 10 55
Suncoast Villas 6 $190,150 8 122
Kings Grant 20 $184,590 20 60
Meadowbrook 10 $183,820 8 69
Gordon Woods 8 $174,450 3 51
Jacob’s Ridge 9 $169,900 9 85
Quail Woods 9 $209,167 9 97
Lords Creek 17 $214,817 4 109
Courtney Pines 19 $233,242 17 76
Northchase 33 $233,573 40 95
Carleton Place 20 $237,975 10 55
Long Leaf Acres 7 $276,956 7 99
College Acres 3 $264,100 5 103
Windemere 5 $299,116 9 69
Pine Valley 46 $266,708 26 108
Carriage Hills 7 $251,719 17 83
Sentry Oaks 7 $271,820 10 111
SeaSpray Landing 6 $320,617 4 42
Woods Edge 5 $258,840 3 130
Millbrook 7 $214,964 14 126
Crosswinds 9 $366,244 10 118
Oxford Place 4 $302,475 4 128
Gorman Plantation 4 $327,450 6 150
Brittany Woods 12 $322,940 2 164
Masonboro Woods 6 $326,983 3 182
The Cape 29 $382,124 9 161
Beau Rivage 15 $355,353 6 123
Woodberry Forest 8 $418,800 4 96
Landsdowne 6 $428,950 3 112
Blue Pointe 9 $442,033 5 73
Vineyard Plantation 18 $446,300 12 161
Plantation Landing 14 $457,043 10 226
Covil Estates 11 $470,145 4 72
Masonboro Forest 12 $472,000 3 46
Marsh Oaks 14 $549,500 13 107
Georgetowne 8 $603,325 5 79
Windward Oaks 7 $633,829 3 63
Forest Hills 9 $681,433 6 106
Porters Neck 67 $695,248 30 127
Glen Meade 11 $713,704 2 49
Landfall 123 $1,320,492 37 209
Waterfront Communities 148 $963,047 27 121
Leland, NC 449 $265,139 279 103
Hampstead NC 333 $443,522 126 157
Carolina Beach NC 513 $484,709 100 148
Kure Beach NC 180 $699,030 40 159
Wrightsville Beach NC 197 $1,406,464 30 147
Figure Eight Island NC 27 $2,921,478 3 183

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

Categories: Wilmington NC Market Statistics


Kay Baker | 1001 Military Cutoff Rd. | Ste 101 Wilmington, NC 28405 | kaybaker@seacoastrealty.com | 910-232-0363 | Fax: 910-256-0473

Copyright © 2010 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.