Diane's Wilmington NC Real Estate Thoughts: Wilmington NC Housing Market Rebounds With Help of Tax Credit

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 Housing Market Rebounds With Help of Tax Credit

226 Fairfield Drive - Wilmington NC 28401 - 1500-1600 SF - $132,525

Thirty-four percent of home sales in the Wilmington NC area in 2009 were from buyers who took advantage of the home buyer tax credit.  The extension to June 30, 2010 and the $6500 available to existing home owners hopefully will keep sales moving in the Wilmington NC area.  Properties on the areas beaches are still sluggish, as financing for investors and second homes now have more stringent guidelines.

Home sales in December 2009 were up 19.8% from December 2008 in the Wilmington area. 

New construction in the $200,000-$250,000 range are also selling.  This is a popular range for first-time buyers as well as for those folks downsizing. 

Click here for more information on Wilmington NC Real Estate

Diane Parker, Broker/Realtor/e-PRO

(910) 617-5244

DianeParker@SeaCoastRealty.com

 

 

 

0 commentsDiane Parker • February 21 2010 05:35PM

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