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
 
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 a whopping 19% over March 2016. You would have to go back to 2005 to find a better March for sales. Year to date, home sales are up 9% over last year.

Last month Prices ----------
More evidence that prices have finally started to respond to low inventory and high demand. The average sales price of a sold home was just shy of $296k, up 12% over last year. The $157 per square foot is 15% over last year, and well above last year's average of $142. Year to date, prices and prices per sq ft are up 10% over last year. Volume is up 20%.

Current Inventory ----------
Inventory was up this month vs. last month, but not by a lot, and compared to last year this time it was down 18%.

Distressed properties were up, but the 22 foreclosure or short sales on the market is at just 1% of the market.

The only zip code where inventory rose compared to the average for last year was the 28429 Castle Hayne area. Biggest drops were in Kure Beach down 30%, 28409 down 20%, Carolina Beach down 17%, and 28405 down 17%.

Inventory was down the most in lower price ranges, down 39% under 100k and down 32% in the 100-200k range. The 800-899 range saw a 37% increase, while 500-599 saw a 22% increase.



Region ----------
Sales in the region surged 28% over last year. Average sale prices were up 4%, average sales price per square foot was up 6%. Year to date, sales are up 24%, and prices are up 3 and 4%. Total volume is up 27%.

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 nine homes that sold for over $1 million in March 2017, which is above average.

7422 Sea Lilly Lane, listed for $8.2 million
Waterway home sold for $3.295 million
 
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!