Diane's Wilmington NC Real Estate Thoughts: August 2009

Wilmington, NC's public pool at Legion Stadium is going to the dogs!  Let your dogs beat the Summer heat by participating in the "Pooch Plunge"

Legion Stadium Pool, 2131 Carolina Beach Rd.
Monday August 24, 2009 - Friday August 28, 2009 (4:00 pm to 8:00 pm)
Saturday August 29, 2009 (10:00 am to 2:00 pm)

The cost is $5.00 per dog per day and proceeds benefit the Pender County Humane Society.  Remember, this event is for dogs only.  No humans will be allowed in the pool.

Join the City of Wilmington's Stormwater Services Division to learn more about the Canines for Clean Water program on Tuesday August 25th and Thursday August 27th from 4:00 pm to 6:00 pm at the event.  Canines for Clean Water is an interactive program for dogs and their owners.  Dog owners sign a pledge promising to be responsible for cleaning up after their dog and in return, dogs get a free dog bandana, a treat, and an opportunity to be featured in the online canine photo gallery.

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Below is a recap of 2nd quarter 2009 activity in the 28403 zip code area of Wilmington, NC.  With lots of inventory to choose from, great interest rates, and the $8000 tax credit available through 12/1/09, you may want to consider purchasing a home.

2nd Quarter 2009 - 28403 Zip Code

• Average selling price - $228,909, down 6.5% from year-end 2008 average selling price of $244,932.
• 11.2% of sellers in 2nd quarter paid a concession compared to 16.5% in 2008. 
• Average list price - $245,395 down 7.1% over year-end 2008 average list price of $264,105.
• Average Days on Market for 2nd quarter - 166  days; 112 days for year-end 2008. 
• Median sold price of $182,938 for 2nd quarter has decreased 6.2% from year-end 2008.
• Sold homes in 2nd quarter received 93.2% of the list price, up from 92.4% year-end 2008.

An Analysis of information from the Wilmington Regional Association of REALTORS®, Incorporated, for the period Jan. 1, 2005 through June 30, 2009 - data pulled on July 13, 2009.

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