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

Beautiful home on a cul de sac in Landfall

804 Oak Landing Place
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 ----------
There were 365 home sales in November 2017, up 4% from November 2016. That's the best November since 2005.
We had a contest for this month's newsletter to see who could get the closest guess for how many sales there would bein November, the winner(s) were Larry Olsen and Daniel Boyle, who guessed 367. Rather than pick one we're just going to give each a $25 gift certificate.
Year to date, sales are up 5% over 2016

Last month Prices ----------
Prices were up substantially. The average sales price of just over 303k was up 5% over November 2016, and the average sales price per square foot was up 11% to 156.

Year to date, the average sales price (around 302k) and the average sales price per square foot (155) are up 9%.

Current Inventory ----------
After peaking for the year at 1702 homes in September, inventory dropped for the third straight month to 1510. Inventory typically falls in December because people take their homes off the market for the holidays. Compared to last December, the inventory is down 2%.
Distressed (short sale and foreclosure sales) remain low, just 15 active.

Compared to average numbers for last year, inventory rose in just one zip code - 28412. Biggest drops were at the beaches - Kure Beach was down 21%, Carolina Beach down 26%, Wrightsville down 23%.

Compared to average numbers for last year, inventory was down the most in lower price ranges — down 53% under 100k and down 30% in the 100-200k range. The 600-700k range was also down big, off 44%. The only inventory category that was up was 900-$1 million, up 19%.



Region ----------
Sales in the region were up slightly compared to last November, up 2%. Average sales prices were up 4% and average price per sq ft were up 6%. The average days on the market of a sold home was down 20% to 72 days.

Year to date, sales are up 15% compared to last year and prices are up 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 $5.9 million house on the south end of Figure 8.
See the top 10 listiings in New Hanover County here

There were 7 homes that sold for over $1 million in November 2017. Top sale in New Hanover County was this $2.4 million dollar waterway front home in Myrtle Grove.

7422 Sea Lilly Lane, listed for $8.2 million
Highest sale last month
 
This Month's Humor
Seasonal 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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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!