I have buyers looking for homes in Carolina Place and Carolina Heights, if you are considering selling or know someone who is, please let me know.

Wade Wilson
910-619-3502

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The Neighborhood
A Multi-Year Perspective
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What sold last year
 
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About The Wilson Team
 
2016 Year 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.

Each year I put together a report showing real estate activity in the Carolina Place neighborhood. I think everyone likes to keep up with what's going on in their neighborhood, and this gives you a good perspective on trends and home prices.

Last year was a breakout year for Carolina Place, there were 32 sales in the neighborhood, which is the most in ten years and over twice as much as last year.

Average sale prices fell slightly in 2016 compared to 2015, but that may have been due to the fact that they were up so dramatically in 2015. The average sales price of around $225k was the second highest in ten years. It is also pertinent to point out that the average price per square foot of a sold home was $156, which is the same as 2015 and the highest since 2008. The average days on the market for a sold home plummeted in 2016 to 52 days, compared to 145 days in 2015.


County Outlook
The number of home sales was up strongly again in 2016. There were close to 5000 homes sold in New Hanover County in 2016, around 9% more than in 2015, which was up 16% from 2014. The last time the numbers were this high was back in 2006, when 4933 homes were sold, and 2005, when 6500 homes were sold. My prediction at the beginning of 2016 was for a 7-11% increase, and while I hate to brag, I nailed that pretty good.

My prediction for 2017 will be another solid increase in home sales, I will say 8 - 12%. The economy appears to be moving ahead strongly, and this area continues to be a popular place for people relocating or retiring.

Signs are good that 2017 will be better in home sales and prices. The economy is growing, consumer confidence is high, unemployment is low and mortgage rates are great.

For the last several years it has getting easier and easier to sell a house. Low inventory and a steady number of buyers has put sellers in the driver's seat.

Buyers are definitely still looking in the neighborhood. Carolina Place is one of my favorite neighborhoods 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 ten years.

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 newest member of the Wilson team is also a neighbor of yours! Barbara Crawford lives over on Nun Street, so she knows how great the Carolina Place - Ardmore neighborhood is!
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

 


Lindsey Bridges,
Realtor

828-231-6422
NC License #294445
lindseybridges
@seacoastrealty.com

 

Barbara Crawford,
Realtor

910-632-4586
NC License #298134
barbaracrawford
@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 17 straight years!