Other Historic Neighborhoods:

Carolina Place
Carolina Heights
Chestnut Heights

MAIN PAGE
 
The Neighborhood
A Multi-Year Perspective
Sales & Prices
 
New Hanover County
Stats from the County
 
Company Stats
Who sold the most last yr
 
About The Wilson Team
 
Year In Review Report
The full report on New Hanover County Real Estate Sales. Go here
 
 

Greetings;

My name is Wade Wilson, I am a Realtor with Coldwell Banker Sea Coast.

We periodically put together a report showing real estate activity in different neighborhoods that are under going interesting trends, and Ardmore in recent years has met that profile. The neighborhood has been transitioning up for a number of years, but it seems like recently it has really taken off.

Sales fell in Ardmore in 2022, from 21 to 11. This drop was greater than the decrease seen at the county level, but is probably just due to smaller numbers. The average sales price of just under $343k is a record for the neighborhood, as is the average price per square foot. The average sales numbers also surpassed the average list prices, meaning motivated buyers were paying over list to get houses in the area. There were four homes that sold for over 400k, and three of those were in the 1200-1300 square foot range, so that would indicate a new ceiling for well renovated properties.


New Hanover County Outlook
Home sales have been down the past two years in New Hanover County, falling 4% in 2021 and 21% in 2022. Part of the drop was due to lack of inventory, but in the latter half of 2022, demand did seem to slow.

Prices have not yet reacted to the lower demand however, they seem to continue to climb. Average sales prices in the county went up 18% in 2022. Later in the year there were some signs of leveling, but at this point prices are still at record highs.

There doesn't seem to be any shortage of buyers, it appears that our area is a popular post pandemic location. Inventory remains low, so steady demand will mean prices will continue to rise.

There are clearly signs that we are moving away from a heavily slanted seller's market, and more towards a more even market.

Buyers are definitely still looking in the neighborhood. Ardmore is a great up and coming neighborhood to recommend, because it has such historic charm and great neighborhood feel.

Click on the links at left to review the activity over the past years, plus detail on what sold last year.

Also, we have had conversations with buyers who are interested in the neighborhood, so if you are considering selling please let us know. If you or someone you know is looking to buy, we'd be thrilled to help them as well.

Get our free monthly newsletter, featuring stats on what sold and what is currently active on the local real estate market. Just send me an email request!

 

This is the study area

 

The Wilson Team
"If you're looking for a house, we know where some are..."

Wade Wilson,
Realtor

910-619-3502
NC License #253396
wadewilson
@seacoastrealty.com

 

Ashley Wilson,
Realtor

910-619-0024
NC License #275182
ashleywilson
@seacoastrealty.com

Coldwell Banker Sea Coast Realty • 2516 Independence Blvd, Suite 102 • Wilmington NC 28412
Coldwell Banker Sea Coast
Is the Number ONE
Real Estate Company
in the Region for over 20 years