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.
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|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
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
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