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


Coming Soon...Investment Properties downtown

South 7th St. 100k, rents for $1500/month

Redcross St, 150k, rents for $1650 per month

Click here for more new listings

 
New Associate!

The Wilson Team Welcomes Lindsey Bridges to the Team
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 were up 5% from April 2016. Not bad, but it was a drop off from the 20% increase for March. The 463 homes was the best April number since 2005. Year to date, home sales are up 9% over 2016, and it is the best year to date number since 2006.

Last month Prices ----------
Prices continue to respond to the high demand and lack of inventory, with average sale prices increasing 6% over April 2016, and average price per square foot soaring 15% over last April. The average price per square foot of a sold home year to date is up to $152, the last time it was that high was back in 2008.

Current Inventory ----------
Inventory was up for the third straight month, to 1550. That is typical for this time of year, but the number was down 15% from last year.

Distressed properties fell slightly to 19, which is just over 1% of the overall market.

The only zip codes where inventory rose compared to the average for last year was the 28429 Castle Hayne area (up 11%) and the 28411 zip code (up 13%). Biggest drops were in 28409 (down 20%) 28403 (down 19%), 28449 (down 19%) 28401 (down 18% and 28480 (down 17%).

Inventory was down the most in lower price ranges, down 38% under 100k and down 40% in the 100-200k range. The 500-599k price range was up 40%, and the 400-499k price range was up 22%.



Region ----------
Sales in the region were up 9% over last year. Average sale prices were up 6%, average sales price per square foot was up 11%. Year to date, sales are up 20%, and prices are up 4%. Total volume is up 25%.

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 five homes that sold for over $1 million in April 2017, including the 2.05 million home on Airlie Road pictured at right.

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

You've probably heard about some of the seminars being offered that offer you free advice on how you can make tons of money flipping houses without using your own money and without any effort on your part. I've simplified those seminars down to one quick lesson. To find out how you can make millions flipping houses without using your own money and with no effort, click 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!