MAIN PAGE
 
The Neighborhood
Home Sales
Home Prices
Price Per Square Foot
Days on Market
 
Maps
What sold last year
 

Listing Detail
What sold last year

 
New Hanover County
Stats from the County
 
The Region
Stats from the Region
 
Company Stats
Who sold the most last yr
 
2016 Year Report
The full report on New Hanover County Real Estate Sales. Go here
 
Back to wadesrealestate.com

 

 


 

Greetings from The Wilson Team, Coldwell Banker Sea Coast.

This is an annual study of sales and activity in the Forest Hills - Beaumont region. Sales hit a long time high in 2015, at 24. While 2016 sales fell to 19, that's still the best year going all the way back to 2007. There are also several pending sales at year end. Prices have fallen in recent years in terms of the average sale price, but have gone up in terms of price per square foot, which is a more accurate depiction of home values. The price per square foot of a sold home in 2016 was 138, which is the highest since 2009. The average days on the market for a sold home in 2016 fell to 109, the lowest number since 2008.

Right now there are 13 active and pending homes in the Forest Hills Beaumont neighborhood, average list price around 395k and average price per sq ft around $146.

Of course these are just averages, if you have an interest in selling give us a call and we can come out and evaluate the marketing price for your home at no charge. We do a lot of business in the neighborhood.

Also: If you would like to get my monthly email newsletter showing stats on home sales and inventory in New Hanover County, just send me an email request!

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. Your neighborhood is one of my favorite neighborhoods to recommend, because it has such historic charm and great neighborhood feel. Also because I live here!

Click on the links at left to review the activity over the past five years, plus what sold last year and what's active now.

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!

 

Neighborhood facts and stats

234 homes in the neighborhood
113 in forest hills
121 in beaumont
also a park, restaurant, church, school

32 non owner occupied

Five Oldest Homes
314 Forest Hills Dr, built in 1920
2611 Columbia Ave, built in 1920
206 Forest Hills Dr, built in 1921
12 Colonial Dr, built in 1925
102 Forest Hills Dr, built in 1925

17 homes built prior to 1930
54 homes built prior to 1940
125 homes built prior to 1950
204 homes built prior to 1960

Lot ranges from .20 to 3 acres
Sq ft range from 792 sq ft - 6114 sq ft
Tax values range from $64,600 - $739,900
Sold homes in past ten years range from $46,000 - $950,000

Averages
Average lot is .53 acres
Average year built is 1949
Average sq ft is 2500
Average tax assessed value $323,521

This is the study area

 
Get my 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!

 

Coldwell Banker Sea Coast Realty • 2516 Independence Blvd, Suite 102 • Wilmington NC 28412

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
Coldwell Banker Sea Coast
Is the Number ONE
Real Estate Company
in the Region for 17 straight years!