Wilmington NC Area Real Estate Market Report for July 2007

By
Real Estate Agent with Wilkinson & Associates, Wilmington NC

The Wilmington NC Area Real Estate market currently has 553 homes under contract. The market is healthy with sales prices averaging 98% list to sale price ratio. The most active price ranges are $200-250,000 with 397 homes currently on the market and a price to sales ratio of 98%, and the  $250-300,000 range with 359 homes currently on the market and a price to sales ratio of 97%. There is quite a bit of variance in the days on the market (DOM ) with the $175,000-200,000 range experiencing the shortest average DOM at 72.

The key to selling your home at a good price to sale ratio is getting it priced right with the help of a Wilminton NC Realtor who knows the current market trends.

The key to purchasing a home in our market is having a Realtor who knows the market conditions overall and in the specific community that you want to purchase in. For market statistics particular neighborhood contact us. For more info on the Wilmington NC Real Estate contact us or visit our website: CoastHomeNorthCarolina.com

Week of July 19th
Price Range Active U/C UC/to Pend Expired (past 6 mos) Sold (past 6 mos) Avg List Price Avg Sold Price List/Sell % Avg DOM
                   
0-$100,000 55 19 35% 14 62 $81,756 $74,700 91% 68
$100-125,000 61 34 56% 5 71 $118,242 $113,730 96% 61
$125-150,000 154 146 95% 16 170 $143,869 $138,996 97% 59
$150-175,000 322 74 23% 41 318 $167,439 $162,958 97% 86
$175-200,000 285 94 33% 56 258 $191,822 $186,947 97% 72
$200-250,000 397 92 23% 52 380 $230,961 $225,269 98% 83
$250-300,000 359 87 24% 53 267 $280,787 $273,495 97% 95
$300-350,000 203 53 26% 34 137 $334,930 $323,325 97% 91
$350-400,000 185 26 14% 28 112 $382,933 $374,313 98% 107
$400-450,000 128 29 23% 16 67 $433,620 $422,866 98% 133
$450-500,000 120 23 19% 16 53 $491,239 $478,029 97% 124
$500-600,000 160 23 14% 29 69 $556,307 $538,939 97% 107
$600-700,000 92 20 22% 19 45 $664,992 $652,451 98% 135
$700-800,000 67 11 16% 12 32 $761,109 $739,595 97% 158
$800-900,000 47 4 9% 5 13 $852,780 $846,980 99% 126
$900-1M 29 3 10% 6 6 $956,040 63
1M+ 141 14 10% 24 25       166
Total 2805 752 27%   2085        
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Rainer
33,629
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC
I like the medium price range there.  Much better than out $600k.  Interesting....
Jul 25, 2007 10:24 AM #1
Rainer
262,693
Ginger Sala
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~

Melissa, And for that range you can live within 5 miles of Wrightsville Beach one of the East Coast most beautiful beaches!

Jul 25, 2007 05:12 PM #2
Rainer
33,629
Melissa Olson
HOPE Lending LLC - Bellevue, WA
HOPE Lending LLC
Wow....are you the next "Seattle" market in bloom?
Jul 26, 2007 01:05 PM #3
Rainer
262,693
Ginger Sala
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~

We have bloomed quite  bit in the last 3 years.  Lot's of folks want to move here from around the country but are havong trouble selling their homes.

Ginger

Jul 26, 2007 10:22 PM #4
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Rainer
262,693

Ginger Sala

Wilmington NC Real Estate & Relocation~
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