Sales UP!
Prices UP!
Inventory DOWN!
Overview Sales Year to Date Inventory Region Extremes Humor
 
New Listings

Investment Properties
downtown Wilmington



617 Red Cross, $280k,
newly renovated/updated
rents for $3000/month


1511 Rankin, $289k
newly renovated/updated


Click here for more new listings

 
New Associate!

Our new Associate, Lindsey Bridges, closed her first deal in May!

Click here for more on Lindsey

Recent Sales by The Wilson Team (click here)
Neighborhood reports

I have updated neighborhood reports for the following communities for 2017:
Carolina Heights

Forest Hills / Beaumont

Lincoln Forest
Sunset Park

If you would like to see an updated report from your neighborhood,
shoot me an email!

 

Email us at: wadewilson@seacoastrealty.com
ashleywilson@seacoastrealty.com

 

Welcome to my monthly real estate newsletter
Greetings! I put out this free emailed newsletter once a month to keep people up to date on the local real estate market. My data focuses on the sales and inventory of homes in New Hanover County, with additional numbers on the region our MLS covers.
To see the full review of real estate sales in the region for 2016, click here.

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Last month Sales ----------
Home sales last month in New Hanover stayed above the 500 mark for the second straight month. The 541 sales was exactly the same number as in June 2016. We've come a long way since the bottom in 2009, when there were well less than half that many sales.
Year to date, sales are up 8% over 2016.

Last month Prices ----------
In May the average sales prices surged to just over 317k, a 7% increase over last year. The average in June dropped to around 302k. The last time average sale prices exceeded 300k was 2008.
The average sales price and the average sales price per square foot was up 2% from June 2016.
Year to date, average sales prices are up 8% and the average price per sq ft is up 9%.

Current Inventory ----------
Inventory was up for the fifth straight month, to 1676, but it is still lagging behind. That number is down 7% from last year same time.

The only zip codes where inventory rose compared to the average for last year was the 28429 Castle Hayne area (up 30%) the 28411 zip code (up 13%) and the 28401 zip code (up 1%). Biggest drops were at the beaches - Kure Beach was down 18%, Carolina Beach down 14%, Wrightsville down 10%.

Inventory was down the most in lower price ranges, down 34% under 100k and down 22% in the 100-200k range. The 700-799k range was up 27%, 500-599k price range was up 36%, and the 400-499k price range was up 22%.



Region ----------
Sales in the region went above 1000 for the first time in many years, hitting 1099 in June 2017. That number is up 14% over June 2016. Average sale prices were up 2%, average price per sq ft prices were up 1%. Total volume for the month was up 16%.
Year to date, sales are up 19%, prices are up 4 - 5%.

High Dollar Properties ----------
Lots of options out there for the high dollar buyer. The top priced home in New Hanover County is 7422 Sea Lilly Lane in Inlet Point, priced at $8.2 million. Includes a main house, guest house, pool house, 6 car garage, pier, dock, gazebo, heated pool, tennis court, basketball court, infrared sauna, all on 11 acres on the waterway.
Second place is a $6.2 million house on Oxford St in Wrightsville, and third is a $5.75 million house on Masonboro Sound with nearly 11,000 sq ft.

There were 12 homes that sold for over $1 million in June 2017, which is well above average, which is typically 7. Top sale was this $1.6 million dollar oceanfront home in Figure 8. The Wilson Team had the second highest sale for the month, a $1.56 million sale in Wrightsville Beach.

7422 Sea Lilly Lane, listed for $8.2 million
Highest sale last month was on Figure 8.
 
This Month's Humor

The market has been getting better and better for sellers, but there is still an ocassional deal to be found. I've still got people dreaming of that $100,000 waterfront home with a boat slip and a view, and if that's your dream, I've found it, right here

Click here to see more humor

 
a 2016 Year In Review
See the stats for 2016 and projections for 2017 here
 
The numbers are in for 2016, and Coldwell Banker Sea Coast is still the number one company in the region. We have sold more homes in the region than any other company every year for the past 17 years!

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NEW LISTINGS
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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!