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By the Numbers
The Year at a Glance

By Overall Area
-New Hanover County
-Region

By City
- Wilmington
-Wrightsville Beach
-Castle Hayne
-Carolina Beach
-Kure Beach

Sales in NH Cty
-1.1: Home sales 10 yrs
-1.2: Home sales by price
-1.3: Home sales by zip
-1.4: Home sales by volume

Prices in NH Cty
-2.1: Average prices 10 yrs
-2.2: Price Per Sq Ft
-2.3: Price by zip code
-2.4: Bank owned property

Inventory in NH Cty
-3.1: Trends by month
-3.2: By Zip Code
-3.3: By Price
-3.4: Bank owned

Luxury Sales
Million + sales

Land Sales
4.1: Land Activity

Company Comparison
5.1: By Volume & Sales


My Activity
$5 million + year!

The Forecast
For Buyers in 2015
For Sellers in 2015

All info is from the Greater Wilmington MLS, but is New Hanover County only.

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Chart 2.1: Average Prices of Sold Homes, past ten years

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Average prices have been moving up the last few years.
 
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Chart 2.2: Average Prices Per Square Foot of Sold Homes, past ten years

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Price per square foot is probably a more accurate measure of home prices, because if lower priced homes are selling, the average price would obviously be down. The average price per square foot peaked in 2007 at $170 and then went into a steady decline over the last several years, but in 2013, the number recovered to $129 and increased again in 2014 to $135, then again in 2015 to $139.
 
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Chart 2.3: Prices of sold homes by zip code

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Home prices were up in most every area, except 28405 and 28409
 
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Chart 2.4: Price per square foot of sold homes, past four years
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All zip codes saw an increase in average price per sq ft in 2015.
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Chart 2.5: Bank Owned Property

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Trends in bank owned property. As you can see, bank owned sales and short sales peaked in 2011-2012 and have dropped off quite a bit ever since. At the peak, distressed sales were 30% of the market, now it is around 8% and falling.
 

 

Wade Wilson, Realtor
Coldwell Banker Sea Coast Realty
1001 Military Cutoff Rd Suite 101
Direct Phone: 910-619-3502
Fax: 910-799-509-1664
NC License #253396
wadewilson@seacoastrealty.com
Ashley Wilson, Realtor
Coldwell Banker Sea Coast Realty
1001 Military Cutoff Rd Suite 101
Direct Phone: 910-619-0024
Fax: 910-509-1664
NC License #275182
ashleywilson@seacoastrealty.com

#1 for 15 years!