The Week in Review
...your
Wilmington Connection
August 19, 2012
What does
Wilmington have to offer? Thinking of moving to the area? I have so much to
tell you about the area. Email
me or give me a call! Wilmington real estate market as seen some
improvement. Along with the great interest rates this is the time to buy!
Wilmington
NC Real Estate
Currently
on the market there are 1507 single family homes inventory is shrinking which
in turn will create a more stable market. 342 homes are under contract
and in the last month there have been 198 homes sold and 103 of those homes
were priced below $200,000.
Luxury
Homes are they moving in Wilmington?
In the last
6 months we have seen 21 homes sell that were priced above 1 million. 13 of
those were in Wrightsville Beach. Some great deals are being had with some of
the higher priced homes seeing a 25% decrease in pricing. Many who have been
sitting on the fence are finally getting off.
McMansions
coming back in style?
For a while
now, new-home buyers have spurned oversize homes with lavish features in favor
of smaller, energy-efficient dwellings. It made sense: With the housing market
collapsing, homeowners dropped dreams of big plots with celebrity-caliber
amenities in lieu of more functionality. Home theaters were out, replaced by
home offices. A new survey shows overall, home-and-lot sizes showing signs of
increasing slightly indicates that the housing market is stabilizing after
being in a downward spiral since 2007.
....until next week in The Week in
Review
Tina
The Week in Review
....your Wilmington Connection
August 12, 2012
A stormyweek in Wilmington! We needed the rain! While the last few weeks ofsummer still lingers, the property market still has a bit of a buzz. Homes that are priced right are selling! Were you still looking to buy ahome or put yours on the market? Drop me an email so we can getstarted!
WilmingtonNC Homes
Currentlyon the market there are 1515 single family homes in the greater Wilmington areaand 325 homes under contract. In the last 3 months there have been 744single family homes sold with 500 of those being priced below $250,000.Currenlty there are 8.9 months worth of inventory. This means if nothingelse were to come on the market this is how long it would take to sell allcurrently listed homes.
ColdwellBanker Sea Coast Advantage is the Leader
1-We are over 24% of all Closed Transactions (2nd is 11.5%)
2-We have almost 28% of all listings in WRAR Under Contract ( 2nd is 12.5%)
3-1000of our Listings have Closed so far this year (2nd is 442 listings closed) 4-You all are on the"Selling Side" for 779 Closings (2nd is 415) 5-Total Sides Closed bySea Coast Advantage = 1,779 (2nd is 857- so we are TWICE as many)
6-We have closed in WRAR 344.2 Million (2nd is 261.4 Million)
JuneHomes Sales Nationally takes a Dip
The Pending Home SalesIndex,* a forward-looking indicator based on contract signings,slipped 1.4 percent to 99.3 in June from a downwardly revised 100.7 in May butis 9.5 percent higher than June 2011 when it was 90.7. The data reflectcontracts but not closings.
Lawrence Yun, NAR chief economist, said inventoryshortages are a factor. “Buyer interest remains strong but fewer home listingsmean fewer contract signing opportunities,” Yun said. “We’ve been seeing asteady decline in the level of housing inventory, which is most pronounced inthe lower price ranges popular with first-time buyers and investors.”
Accordingto the Realtors®Confidence Index, the buyer traffic index stood at 60 in June while theseller index was 41, which shows a large imbalance between buyer and sellerinterest. A value of 50 implies neutral market conditions.
...until next week inThe Week in Review
Tina
