In Wilmington, real estate activity this past week slowed, after having been very busy last week. Our RELOCATION partner has sent us several RELOs, so it’s nice to see companies expanding their presence in the Wilmington area!
Wilmington saw 44 properties placed PENDING this week with several in the $500,000+ range, however most were single family homes between $150k - $300k These contracts consist of 37 homes, 4 condos and 3 parcels of land. With regards to SALES, this week Wilmington saw 56 closings, compared to 68 last week. The majority of these sales were in the $100k - $300k range, but we two at $1,000,000+, which is a nice sign for our higher-end home market. Year-to-date there are 1,316 total SALES in Wilmington, compared to 964 at this time last year. This is a healthy increase, although the average sales price has declined. Currently there are about 2,130 homes for sale, 320 condos for sale, and 770 parcels of land for sale. The highest price of a home is offered at $5,200,000.