Diane's Wilmington NC Real Estate Thoughts: Wilmington NC - 2nd Quarter Recap - 28403 Area

Diane Parker is a REALTOR with Coldwell Banker Sea Coast Realty. This blog helps educate clients on the Wilmington NC market area, offers information on area events, advice on real estate decisions, and general real estate tips.

Wilmington NC - 2nd Quarter Recap - 28403 Area

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

 

1 comment • Diane Parker • August 06 2009 07:23AM

Comments

You are right Diane, the deadline to benefit from the tax credit is December 1, 2009.

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:

  • Applies to purchases that close after 4/8/08, and before 12/1/09.
  • Applies only to homes used as a taxpayer's principal residence.
  • Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

The credit is claimed using Form 5405.

IRS SOURCE:  http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Summary information provided by Linda Alexander, real estate agent, Sacramento, CA

Serving clients seven days a week. 

PHONE: (916) 640-3131

EMAIL:  land_acquisitions.com

Posted by Linda Alexander Sacramento (Real Estate Agent) 11 months ago

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