As we get close to wrapping up the year, I wanted to share a summary of beach area sales, and compare this to what we experienced in 2010.
Sales info below is based on Wilmington MLS data, and is for the period of January 1st, 2011 through November 30th 2011.
In Carolina Beach this year, there have been 68 single family home sales, 154 condos, and 63 parcels of land. This compares to 69 homes, 170 condos, and 36 parcels of land that SOLD during the same period in 2010.
The highest price home to sell was for $800,000, the lowest priced for $60,000. The average “days on market” for SOLD homes in Carolina Beach this year is 162. Currently there are 413 total properties for sale in Carolina Beach.
In Kure Beach this year, there have been 39 homes that have SOLD, 35 condos, and 20 parcels of land. This compares to 45 homes, 28 condos, and 14 parcels of land that SOLD during the same period in 2010.
The highest price home to sell in Kure Beach this year was $1,275,000, the lowest priced home was $79,900. The average “days on market” for SOLD homes in Kure Beach is 218. Currently there are 130 total properties for sale in Kure Beach.
In Wrightsville Beach this year, there have been 32 homes that have SOLD, 44 condos, and 4 parcels of land . This compares to 18 homes, 25 condos, and one parcel of land for the same period in 2010.
The highest price single family home to sell in Wrightsville this year was for $2,875,000, the lowest priced was $330,000. The average “days on market” for SOLD homes is 249. Currently there are 178 total properties for sale in Wrightsville Beach.
In general, I am optimistic for 2012. Prices have stabilized, which is a very import “next step” in a rebounding market. We will continue to see some foreclosures and short sales, but these prices for the most part are in line with other non-distressed sales.
We also will continue to see an influx of cash buyers, and those from the Mid-Atlantic and northeast who are buying second homes. These buyers recognize the value our areas offer.
If you would like more information at any time, please contact me at 910-352-0998.
Your Real Estate Market Report is provided by Justin Donaton of Coastwalk Real Estate. Local data provided is courtesy of the Wilmington Association of REALTORS MLS. 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 been the #1 Agent on Pleasure Island since 2006. 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. Please visit: www.CoastwalkRealEstate.com for more info.