Diane's Wilmington NC Real Estate Thoughts: April 2009

Below is a recap for Wilmington NC Homes in the 28412 Zip Area (South Wilmington).

1st Quarter - 28412 

Average Selling Price:  $194,261 down 8.4% from 2008 year end average.

Average List Price:  $204,056 down 7.1% over 2008 year end average.

Days on Market:  150

Median Sold Price:  $188,675 down .07% from 2008 year end.

List to Sale Price Ratio:  95.2%

For information on Wilmington NC Homes, visit www.TheKeytoWilmington.com

 

Below is a recap for first quarter 2009, in the 28411 zip area of Wilmington NC (northern New Hanover County).

1st Quarter 2009 Recap - 28411

 Average Selling Price:  $267,408 down 15.8% over year-end 2008 selling price of $317,729

Average List Price:  $285,033 decreased 13.8% over year-end 2008 average list price of $330,705.

Day on Market:  115

Median Sold Price:  $209,450 down 13.5% over year-end 2008.

List to Sale Ratio:  93.8%

For information on Wilmington NC area homes, visit www.TheKeytoWilmington.com.

Email DianeParker@SeaCoastRealty.com for information regarding the $8000 Tax Credit.

Below is a recap of average selling price in the 28403 zip code of Wilmington, NC.

28403

Average Selling Price:  $207,689

Average List Price:  $220,562

Average Days on Market:  164

Median Sold Price:  $161,313

List to Sale Price Ratio:  94.2% (an increase from 92.7% year-end 2008)

To view homes for sale in Wilmington NC,  visit www.TheKeytoWilmington.com

You may be able to take advantage of the $8000 tax credit.

 

The first quarter of 2009 is now known as the beginning of the real estate rebound in Wilmington.  Pending home sales index is up 44 percent over  December 31, 2008.  Seller received 95.5% of asking price in 2008, compared to 93.7% for 1st quarter 2009.  1st Quarter 2009 showed a decrease of 22.7% of homes sold from fourth quarter 2008.

Our strong supply of inventory makes this a great time to purchase real estate.  Our median sales price for 1st quarter 2009 is down 7.6 from 2008 and shows a 7.2% increase over 2005.

2009 will be a good market for the Wilmington area with inventory of homes available and interest rates low, this is a great time to buy.

To view homes for sale in the Wilmington area, visit www.TheKeytoWilmington.com

 

 

 

"Provinces of Night" starring Hilary Duff and filming in the Wilmington area, is seeking extras. If you are interested, here's what you do:

Send a photo with your name, age, address, phone number and e-mail address to:

Xtras Casting - 1922 Castle Street - Wilmington, NC 28403

All photos will be held onto for future projects. Filming is scheduled to run from April 15 to May 19. Most extras would be needed for only one or two days. The movie, directed by Shane Taylor and produced by Jay McPhaul, is based on a book of the same title by William Gay.

 

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Families and kids in Wilmington NC got to participate in an Easter Egg Drop put on by Lifepoint Church on Saturday, April 11th. Approximately 30,000 eggs were laid out for the three different age groups. Organizers estimate a crowd somewhere between 7,000 and 10,000 participating in the event. For more Wilmington area information, visit www.TheKeytoWilmington.com

It was a great weekend in Wilmington for the Azalea Festival.  Warm Spring temps, sunshine, parade, street fair, home tours, garden tours, coin show, variety show, horse show, fireworks and the list goes on.  There was definitely something for everyone this weekend.  

Folks were still out looking at houses in Wilmington too.  Many on their way to or from one of the events.

Click the link below to view a video from the Queen's Garden Party.  A true Coastal Carolina tradition.

 

Queen's Garden Party Video - From Star News

The 2009 Azalea Garden Tour, is a self-guided tour of 12 private gardens.  Gardens in the historic downtown gardens to newer gardens overlooking the Intracoastal Waterway will be included in the tour.  This is a great way to spend a Spring day in Wilmington. 

The annual fundraising project by the Cape Fear Garden Club benefits Wilmington and New Hanover County.

Profits from ticket sales go back to the community through grants and scholarships at UNCW and Cape Fear Community College, and the preservation of Battery Island.

Tickets may be purchased from 10 am - 6 pm at the gardens or at the Azalea Festival Ticket office.

For information on Wilmington NC Real Estate, visit www.TheKeytoWilmington.com

 

 

It's Azalea Festival time in Wilmington, NC!  One favorite Azalea Festival event is the Tour of Historic Wilmington Homes.  Ribbon cutting for the Home Tour will be Saturday, April 4th at 12:30 pm by Wilmington Mayor, Bill Saffo, at the Spetrino home located at 10 Church Street. 

The Historic Wilmington Foundation puts on the Home Tour, and the annual showcase of these properties is held each year during Wilmington's Azalea Festival. Ten homes will be open to the public for tour this year, Saturday, April 4th from 1 to 6 p.m. and Sunday, April 5th from 1 to 5 p.m. Tickets are $25 and will be available at all local Harris Teeter stores and other area outlets, as well as the Azalea Festival Office located at 5725 Oleander Drive, the Historic Wilmington Foundation, 516 North 4th Street, and at each home site the days of the tour. Members of the Foundation will receive discounted tickets at $15 available at Historic Wilmington Foundation. Groups of ten or more can purchase discounted tickets at a cost of $22.

Each home has been selected for its architectural and/or historic significance.  The owners of the following properties have graciously agreed to open their homes for this year's tour.

1. Collins-Jones House - 1920 Market Street - Laura & Kyle Trivett
2. Bass-Oliver House - 1906 Market Street - Randy & William Jayne
3. Smith-Willoughby House - 1902 Market Street - Jessica & Joseph McAlear
4. W. Houston Moore House - 1819 Market Street - Jackie Burch
5. Hicks House - 410 North 15th Street - Elizabeth Carpenter
6. Gore-TenHuisen House - 512 Grace Street - Chris Gore & Matt TenHuisen
7. Williams House - 10 South 5th Avenue - Lucia & Tom Hughes
8. Daniel-Poisson House - 315 South Front Street - Lynne & Charles Boney, Jr.
9. King-Thorpe House - 209 Nun Street - Howard Jenkins & Carlos Zabola
10. Spetrino House - 10 Church Street - Kathy & David Spetrino

Visit the Historic Foundation's web site: www.historicwilmington.org

Proceeds from the Home Tour will help advance the Historic Wilmington Foundation's efforts to protect and preserve Wilmington's historic resources.   Since 1966, the Historic Wilmington Foundation has  saved over 200 historic properties from demolition.