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The Neighborhood
A Seven Year Perspective
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
 
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 Lincoln Forest 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.

Neighborhood Outlook
The year 2016 was a banner year for the neighborhood, with 16 homes sold, the most dating back to at least 2009. The average sold price was also the highest, coming in at close to 230k. The price per square foot, at 119, was the second highest to 2009, when it was 120.

It has been a long time since it has been this good of a market for sellers. If you are thinking about selling, give us a call and we'll be happy to help!

 


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. Lincoln Forest is one of my favorite neighborhoods to recommend, because it has sort of a "hidden gem" quality about it.

Click on the links at left to review the stats over the past seven 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!

 

Facts about the Neighborhood

300 homes in the Neighborhood
Average bedrooms: just above 3 per home (3.09)
Average Sq Ft: 1834
Average lot size: .45
Average Tax Assessed value: $174,212
Number that are not owner occupied: 63

Oldest house in neighborhood: 3929 Halifax, built in 1951
54 houses built in the 50s
174 built between 1960 - 1965
50 houses built in the 70s
Newest house is at 1913 LIncoln, built in 2002

Square footage ranges from 1000 sq ft - over 3000
Tax Assessed values range from 105k - 358k

This is the study area

 

 

 

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!