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

Great renovation on affordable house downtown

1205 Grace Street
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:
Ardmore
Carolina Heights

Carolina Place
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

 

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 ----------
Sometimes numbers make for interesting patterns. In New Hanover County there were 444 home sales in October 2017, there were also 444 home sales in September 2017. Further, the year to date sales in New Hanover county is 4,444.
Sales for October were up 21% from October 2016, which totally blows my suggestion that sales were cooling off this year.
Year to date, sales are up 5% over 2016

Last month Prices ----------
Prices were down slightly from last month, but were still 9% above same month last year. Average sale prices were around $313k, average prices per sq ft came in at $155.
Year to date, average sales prices are up 10% and the average price per sq ft is up 9%.

Current Inventory ----------
After peaking for the year at 1702 homes in September, inventory dropped for the second straight month to 1635. That number is down 1% from last year. The total number of active distressed properties (foreclosures or short sales) was just 15, virtually insignificant.

Compared to average numbers for last year, inventory rose in just three zip codes—28429 (up 43%), 28412 (5%) and 28401 (5%). Biggest drops were at the beaches - Kure Beach was down 21%, Carolina Beach down 24%, Wrightsville down 17%. I think 28429 (Castle Hayne) is up because they have a lot of new building over there.

Compared to average numbers for last year, inventory was down the most in lower price ranges — down 49% under 100k and down 21% in the 100-200k range. The higher ranges were up, with the 800k plus market going up 2%. The 400-800k range was up 4%.



Region ----------
Sales in the region were also way up from same month last year. The 886 sold homes was up a whopping 33%. Prices in October 2017 were down slightly from last month but up 6% over October 2016.
Year to date, sales are up 16%. Average sale prices and average price per square foot are up 5-6% compared to last year.

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 $5.9 million house on the south end of Figure 8.
See the top 10 listiings in New Hanover County here

For the second straight month, there were 12 homes that sold for over $1 million, which is above the average of 7-9. There have already been 99 sales over $1 million, the most since 2007.

Top sale was this $3.5 million dollar waterway front home on Figure 8 Island.

7422 Sea Lilly Lane, listed for $8.2 million
Highest sale last month was on Figure 8
 
This Month's Humor
This home buying process with Elizabeth Banks is pretty entertaining!

Click here to check it out!
 
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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The Wilson Team
"If you're looking for a house, we know where some are..."

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

 

Barbara Crawford,
Realtor

910-632-4586
NC License #298134
barbaracrawford
@seacoastrealty.com

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Coldwell Banker Sea Coast Realty • 2516 Independence Blvd, Suite 102 • Wilmington NC 28412

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Coldwell Banker Sea Coast
Is the Number ONE
Real Estate Company
in the Region for 17 straight years!