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By the Numbers
In New Hanover County in 2013

Homes sold
3779 total sold
2940 homes, 472 condos, 328 townhomes, 33 manufactured, 6 fractional or time share

Compared to 2012: 3467 total sold
2687 homes, 427 condos, 310 townhomes, 40 manufactured, 3 fractional ownership

Compared to 2011: 2680 total sold
2053 homes, 392 condos, 198 townhomes, 21 manufactured, 2 fractional ownership

Homes prices
Average home sold $257,308
Average price per sq ft: $129
Compared to 2012: Avg price was $243,539, avg price per sq ft was $122
Compared to 2011: Avg price was $244, 511, price per sq ft was $125

Lowest Prices on Sold Homes
Lowest priced home: $13,000. (see below) There was one that sold for $1, but it was donated.
Number of homes that sold for under 100k: (last year there were 555)
Homes under 50k: (last year there were 139, in 2011 there were 55)
Homes under 25k: (last year there were 32 in 2011 there were 12)
Lowest priced per square feet: $16 (last year it was $8.06, in 2011 it was $6.18)

b

Lowest Price:
424 Evans St

Sold for $13,000
The first sentence in this home description was "this house has a large lot." The description also mentioned central location and potential.


b Lowest Price Per Sq Ft:
1220 S. 16th St

Sold for $15,783, $15.97 psf
The description on this house mentions that it was fire damaged, has a deep lot, is accessible from a back alley, and that only cash offers were acceptable. Just in case you knew a mortgage company willing to loan $16k on a fire damaged shack.


Highest Prices on Sold Homes
Highest priced home: $4.375 million ($3.2 million in 2012, $2.895 million in 2011)
Number of homes that sold for over $2 million: 13 (8 in 2012, 9 in 2011)
Number of homes that sold for over $1 million: 64 (49 in 2012, 48 in 2011)
see also: top ten homes sold in New Hanover County in 2013

Highest Price:
25 Back Fin Pt, Figure Eight

This "compound" on Figure Eight Island is actually a house with two detached guest houses, for the vacation with a big family that doesn't get along.
A mere $4.375 million

Smallest Homes Sold in 2013
Smallest: 304 sq ft (see below)
Number of homes sold that were under 500 sq ft: 13
Number of homes sold that were under 1,000 sq ft: 302

Smallest:
7 S. 2nd St


Coming in at just 304 sq feet, this very efficient condo is downtown at the Diamond Feed Store, a former commercial building renovated into condos.
Sometimes size doesn't matter as much as location does.
Sold for $90k

Largest homes sold
Largest home sold: 10009 sq ft (see below)
Number of homes sold that were over 5000 sq ft: 32 (26 last year)

a

Largest:
400 S. Front St.


An impressive 10,009 sq ft, the Governor Dudley Mansion was sold in a foreclosure for $1.249 million. The previous owners ran into some issues with neighbors because they were renting the place out for parties. With 10,000+ sq ft, you'd have to have some people over to fill it up! Interesting that they didn't stop at 10,000 sq ft, they tacked on the extra 9.

Time it took to sell
Home that took the longest to sell: 1618 days (see below)
Number on the market that sold after being on market for over 1000 days: 21

Number of homes CURRENTLY on the market over 2,000 days: 5 (4 last year, 8 in 2011)

Number of homes that sold in under 30 days: 898 (252 in 2012, 435 in 2011)

Longest on Market:
425 Colonial


Pretty amazing to think that a house in Forest Hills would win this title, but this house just had a lot of challenges. Purchased for $319k after being on the market for 1618 days. It originally went on the market for $613k in 10/08.

 

Age of Homes
Oldest home sold: home built in 1825 (see below)
Number of homes sold that were built prior to 1950: 265 (267 last year, 232 in 2011)
Number of homes sold that were built prior to 1900: 17 (20 last year, 21 in 2011)

Number of homes sold that were built after 2012: 535 (last year 2 year old homes = 447, the year before that, the number was 272)

Oldest Home Sold:
400 S. Front St.

Sold for $1.249 million
Pretty impressive that a home built in 1825 would still be valued at well over a million, but if you scroll back up you will also note this is the Governor Dudley Mansion and is over 10,000 sq ft!


Bedrooms & Bathrooms
Number of homes with more than 6 bedrooms: 31 (28 last year, 25 in 2011
Home with the most bedrooms: two homes had 10 bedrooms(see below)
Number of homes with more than 8 bathrooms: 5 (4 last year)

Most Bedrooms:
316 Cape Fear Blvd
Sold for $630k
This is actually a 12 unit apartment complex


715 Carolina Beach Ave
Sold for $590k
This is actually a Bed and Breakfast

LAND:
322 land listings sold in 2013 (429 last year, 237 in 2011)
Lowest priced land sale: $7500 for a lot off Blue Clay Rd near Castle Hayne
Highest priced land sale: $2.65 million for an soundfront lot on Figure 8 Island

Realtor Update (home and land sales in tri county area)
Number of Realtors who made one sale in 2013: 1212 (last year = 1124)
Number of Realtors who made one sale in 2007: 1796 (peak)
Number of Realtors who made over $1 million in sales in 2012: 603 (542 last year)
Number of Realtors who made over $1 million in sales in 2006: 905 (peak)

 

 

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