Wilmington Real Estate
The Official Website of Wilmington NC Real Estate
-
The Current Wilmington NC Real Estate Market
We all know Wilmington, North Carolina is a special place. But did you know that even in a poor economy the ...
What is Wilmington NC Real Estate?
In 2006, CNN Money Magazine voted Wilmington as the 7th best place to live. For many Wilmingtonians, this still holds true in 2010. With a population change of nearly 23%, many residents call Wilmington home as the population density increases to 171.1 and the total population of Wilmington is now around 339,511. This does include the nearby cities like Leland, Wrightsville Beach, Castle Hayne, Winnabow and Carolina Beach.
Wilmington, North Carolina is know for it's beautiful beaches and historic downtown waterfront that borders the Cape Fear River. The median housing value of Wilmington is still around $286,551 despite the current economic situation, and the vacancies of homes is 25%. The total number of housing owners in Wilmington is 55% compared to the percentage of residents that rent which is about 20%. The housing appreciation in the last 12 months has been -0.4, but this is a lot stronger number compared to many areas of the United States that are taking a much larger depreciation ratio due to foreclosures and short sales.
If you have ever had a chance to visit Wilmington, they you will know that it's not always about the numbers. The real estate market will push through this difficult era and many home buyers will continue to move to the Wimington and the surround areas so they can appreciate and enjoy all that the Port City has to offer. Please continue to visit WilmingtonRealEstate.Org as we provide the latest information on the current Wilmington NC homes for sale, averge home value prices, and question and answers that you can find in our blog.
You can also search the following zip codes in Wilmington, North Carolina to review current real estate information.
28401 | 28403 | 28405 | 28408 | 28409 | 28411 | 28412 |
news
The Current Wilmington NC Real Estate Market
June 22nd, 2010We all know Wilmington, North Carolina is a special place. But did you know that even in a poor economy the market in Wilmington is better than many areas within the state of North Carolina. Plus, on a National average, the Wilmington, NC real estate market has been muchShort Sales and Forclosures
What is a Short Sale...
June 1st, 2010What is short sale? A short Sale is a situation in which a seller owes more money on the loan than the sale of the property will likely produce on the market, and is unable to bring money to the closing. Another way of looking at it is a short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pa