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Back You are here: Home News Local and State News Real Estate Market Sales Weekly Real Estate Market Report for March 27, 2013

Weekly Real Estate Market Report for March 27, 2013

Regional home sales continue to increase.
Figures released last week by the Wilmington Regional Association of Realtors show a 7 percent hike in the number of homes sold in the greater Wilmington area in February compared to February 2012.
In all, 397 homes were sold last month throughout New Hanover, northern Brunswick and Pender counties – up from 371 homes sold in February 2012.
Year-to-date, 836 residences have been sold in the greater Wilmington market.
Sales at Coastwalk Real Estate in 2013 are up considerably from 2012.
We are working with buyers across North Carolina (especially in the RTP and Greensboro areas), Northern Virginia, Ohio, Pennsylvania, and the North East.
We have also had several buyers relocate from Atlanta, and investor purhcaes from Asia, Canada and Europe!
Wilmington NC Real Estate Market Trends  --
The median sales price for homes in Wilmington NC for Dec 12 to Feb 13 was $169,000 according to Trulia.com. This represents a decline of 5.3%, or $9,500, compared to the prior quarter and an increase of 10% compared to the prior year.
Sales prices have depreciated 14.6% over the last 5 years in Wilmington. The average listing price for Wilmington homes for sale on Trulia was $380,726 for the week ending Feb 27, which represents an increase of 2.6%, or $9,476, compared to the prior week and an increase of 5.8%, or $20,893, compared to the week ending Feb 06.
Average price per square foot for Wilmington NC was $121, a decrease of 5.5% compared to the same period last year.
Popular neighborhoods in Wilmington include Landfall, Mayfaire, Holly Pointe, Echo Farms, Sunset Park, and Breezewood Condos.
Kure Beach Real Estate Market Trends --
The median sales price for homes in Kure Beach NC for Dec 12 to Feb 13 was $285,000 according to Trulia. This represents a decline of 8.1%, or $25,000, compared to the prior quarter and an increase of 19.7% compared to the prior year.
Sales prices have depreciated 19.7% over the last 5 years in Kure Beach.
The average listing price for Kure Beach homes for sale on Trulia was $475,168 for the week ending Feb 27, which represents a decline of 2.6%, or $12,894, compared to the prior week and a decline of 2.4%, or $11,860, compared to the week ending Feb 06.
Average price per square foot for Kure Beach NC was $170, an increase of 6.9% compared to the same period last year.
Carolina Beach Real Estate Market Trends --
The median sales price for homes in ZIP code 28428 for Dec 12 to Feb 13 was $200,000. This represents a decline of 7%, or $15,000, compared to the prior quarter and a decrease of 14.9% compared to the prior year.
Sales prices have depreciated 31.2% over the last 5 years in 28428, Carolina Beach. Average listing price for homes on Trulia in ZIP code 28428 was $325,187 for the week ending Feb 27, which represents a decline of 0.1%, or $281 compared to the prior week and an increase of 0.7%, or $2,291, compared to the week ending Feb 06.
Average price per square foot for homes in 28428 was $201 in the most recent quarter.
Expect Results:
Your Real Estate Market Report is provided by Justin Donaton of Coastwalk Real Estate. Any data provided, unless otherwise noted, is courtesy of the Wilmington Association of REALTORS MLS and/or the National Association of REALTORS.
Justin does not just "list" properties, he sells them! To get your home SOLD for the highest possible price, call Justin at 910-352-0998. Justin has SOLD the most real estate on Pleasure Island every year since 2007. He has the highest dollar volume of sales, and has had the most number of closings.
His business is built on hard work and high-impact marketing. Coastwalk Real Estate is the #1 Sales office on Pleasure Island. Please visit:  www.CoastwalkRealEstate.com for more info.
The Weekly Market Report is a Paid Advertisement Compliments of Coastwalk Real Estate.