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

The Wilson Team Welcomes Lindsey Bridges to the Team
Click here for more on Lindsey

 
New Listings

3205 Red Berry
714 Timber Lane
1906 Princess
640 Cobblestone
1111 Grace
712 Grace (coming soon)


Click here for more new listings

 
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 in New Hanover were down compared to January 2017 and to February 2016, but it is valid to point out that last February had 29 days. The number of home sales was just shy of 300 for February and just over 300 for January. The year to date is still ahead of this time last year in 2016, and better than any February going all the way back to 2007.

Last month Prices ----------
It would appear that prices have finally started to respond to low inventory and high demand. The average sales price of just over $296k is well above last year's average of just under 280k. And the $153 per sq ft average of a sold home is up 11% over last February, and also well above the average for 2016 which was $142. Expect the numbers to continue to increase.

Current Inventory ----------
For the first time since July of 2016, inventory increased in New Hanover County, to 1467 units from 1444. The number was down over 15% from inventory in March of 2016, when it was over 1700. Typically inventory starts rising in the spring.

The biggest drops were once again in the lower price ranges. Compared to last year's averages, the under 100k was down 40%, the 100-200k was down 30%. Interestingly enough, the 500 - 599k and the 800-899k price brackets were both up 20%

In terms of area, every zip code is down, the biggest drops were in 28449, 28409, 29405 and 28401.

The inventory of distressed properties has all but disappeared, there were less than 15 bank owned and short sale properties available.



Region ----------
While sales in New Hanover County were off a bit, sales in the region were up compared to February 2016. The 550 home sales was up 3% over last year same time. Year to date sales are up over 20%. Prices were up 3-5% in February (average sale - average sale psf) and year to date they are up 1 - 2%.

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 $575 million house on Masonboro Sound with nearly 11,000 sq ft.

There were seven homes that sold for over $1 million in February 2017, which is about average.

7422 Sea Lilly Lane, listed for $8.2 million
Figure 8 home sold for $2.875 million
 
This Month's Humor

Even in a hot seller's market, if you don't use a good Realtor, you're going to lose out.

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!