Star News Photo

One of the treasures of Wilmington NC is the Screen Gems Movie Studio.  It is not a rare site to see a movie star or two while you are going about your daily business in Wilmington NC.  A new movie has started filming in the area, 3D Journey 2 Mysterious Island starring Michael Caine, Dwayne Johnson (The Rock), Josh Hucherson, and Vanessa Hudgens.  Journey to the Center of the Earth 3D was the first film ever shot in HD 3D, so the sequel should be equally filled with amazing digital shots.  It is the largest film being filmed at Screen Gems.  Another new special water tank was built just for the production.  This week they were filming on Colonial Drive in Forest Hills.  Wilmington NC welcomes the production and all the people who have come to our great city.  Enjoy….

If you would like to look at real estate, we invite you visit www.cbbaker.com to learn about our town and what we have to offer.  From your phone you can text 14059 to 44133 and search there.

Click here for Screen Gems Brochure

The National Association of Realtors have released their “For the Record” Nov/Dec 2010 issue of Real Facts about NC real estate.  Topics covered were Economy, Homeownership and Foreclosures.

NC unemployment rate has dropped steadily with NC being 3rd for declining rates.  September retail sales rose for the 3rd straight month.  Housing starts hit a 5 month high in September, 4.1% higher than September 2009.  Foreclosure rates fell and the NC Foreclosure Prevention Fund assistance will start being available in December to struggling homeowners.  Read more here…

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

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.

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.

Homes sales did rise in July from June, even though many buyers are playing the sit and wait game. Homes sales in July were 507 compared to 441 in June, according to data from the Wilmington Association of Realtors. Compared to July 2007, that is still 17.5% lower, when 618 homes were sold. Our strongest market segment continues to be homes lower than $300,000. The average price of homes sold in July was $247,867 compared to July 2007 $274,832. After the run up in sales in 2004-2005, we see our market settling down to levels of 2002 and 2003, even though sale prices have increased tremendously since then, from $169,357 in July 2002-$247,867 in July 2008.

Obviously, the time to buy Wilmington, NC real estate is now. Prices are really attractive and interest rates are still low. Home buyers can choose from a nice inventory of homes for sale in many neighborhoods in the Wilmington, NC area. Why not take advantage of these market conditions before they rise again? Check out all homes for sale in Wilmington, NC by neighborhood, zip code, city, schools or by map at cbbaker.com .

			Second Quarter Report by Zip Code
Zip Codes	Avg. Sales Price 2008	2007	Avg. List Price 2008	2007	Sold to List 2008	2007	DOM 2008	2007
28403	$248,657	$248,171	$268,507	$257,338	92.60%	96.40%	100 Days	82 Days
28405	$270,606	$351,466	$281,270	$366,588	96.20%	95.80%	110 Days	102 Days
29409	$305,916	$325,071	$318,970	$337,633	95.90%	96.20%	110 Days	93 Days
28411	$377,202	$321,934	$396,446	$331,342	95.10%	97.10%	107 Days	91 Days
28412	$219,036	$234,517	$226,529	$240,156	96.60%	97.60%	112 Days	86 Days

]]> http://wilmingtonncrealestateguide.com/2008/08/27/wilmington-nc-real-estate-2nd-quarter-sales-report/feed/ 0 http://wilmingtonncrealestateguide.com/2008/08/08/wilmington-nc-real-estate-economy/ http://wilmingtonncrealestateguide.com/2008/08/08/wilmington-nc-real-estate-economy/#comments Fri, 08 Aug 2008 18:40:06 +0000 wilmingtonncrealestateguide http://wilmingtonncrealestateguide.com/?p=17 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…

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

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