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Wilmington NC real estate

Blog about Wilmington NC real estate

By Baker, Wayne & Associates | Broker in Wilmington, NC
  • The First Quarter Wilmington NC Real Estate Zip Code Report 2013

    Posted Under: General Area in Wilmington, Market Conditions in Wilmington, Home Selling in Wilmington  |  April 29, 2013 9:06 AM  |  290 views  |  No comments

    The First Quarter report just released and the numbers look strong.

    The First Quarter Wilmington NC Real Estate Zip Code Report 2013 

    By R.J. Alex, 2013 President, Wilmington Regional Association of Realtors®

    [Wilmington, NC] When analyzing six major zip codes in our region – 28403, 28405, 28409, 28411, 28412 and 28451 – an average of the zip codes for the first quarter of 2013 shows that:

    • Our average sales price has increased by 7.0% from 1st  Quarter 2012
    • Of the 713 sellers in 1st Quarter – 26.9% paid some sort of concession toward the purchase of the house.
    • Our list to sales price ratio for 1st Quarter is 96.55%, an increase from 95.6% for 1st Quarter 2012.
    • The average list price of the sold properties is $234,489 and is up 6% from 1st Quarter 2012.
    • The average number of days a property remained on the market for 1st Quarter was 126 days, compared to 169 days for 1st Quarter 2012.
    • The median sold price of $176,500 for 1st Quarter has increased 3.8% from 1st Quarter 2012.

    The areas of focus in this analysis were:  

    Read rest of story here....
  • The Wilmington NC Real Estate Market is Up from September 2011

    Posted Under: Market Conditions in Wilmington, Home Buying in Wilmington, Investment Properties in Wilmington  |  October 15, 2012 9:33 AM  |  291 views  |  No comments


    The latest Statistics have been released by the Wilmington NC Realtors Association for September 2012.


    September numbers from 2011 are up.  The market is still active and the days on the market have been decreasing.  Dollar amount is also increasing which is a healthy sign.  For a complete look at the statisics please click on the graph.  To view more information and to search Wilmington NC real estate, please visit www.cbbaker.com

  • Good News | Wilmington NC real estate sales jumped 20% in August compared to August 2011

    Posted Under: General Area in Wilmington, Market Conditions in Wilmington, Home Buying in Wilmington  |  September 18, 2012 12:31 PM  |  336 views  |  No comments
    August 2012 real estate stats

    Click on chart to view full statistics.

    Wilmington NC real estate sales rose over 20% since last August.  555 sales up from 462 in August 2011. These figures are for New Hanover County, Pender County and Brunswick County.  The median price of homes rose, but the average slipped down.  The sales are still brisk and the rates are below 4%. 

    If you would like to ask questions or learn more about what the market is like, please do not hesitate to call.  910-202-3607 or bakerwayneassociates@ec.rr.com
    Please feel free to search Wilmington NC real estate on www.cbbaker.com anytime.

  • UPSCALE RESALE: Seven High-Cost Mistakes To Avoid | Wilmington NC real estate

    Posted Under: Market Conditions in Wilmington, Home Selling in Wilmington, Curb Appeal in Wilmington  |  May 29, 2012 8:14 AM  |  374 views  |  No comments
     If you are selling an above-average-price property in an upscale neighborhood, you know your home is unique. You expect an upscale property to be marketed with the same professionalism you demand in every aspect of your life. That's where our experience selling homes like yours really pays off.

    Keep in mind, buyers who can afford your home lead busy lives like you and look for a hassle-free sale. Move-up buyers don't need to buy now, so they wait and watch for that just-right home. It might be yours.

    Unfortunately, even sophisticated homeowners sometimes make mistakes when they go to sell their upscale homes, netting less than the top-dollar price it's worth. Or worse, the home just doesn't sell at all.

    Here are seven common pitfalls to avoid:

    1. Underestimating The Competition

    Even though your property may be one-of-a-kind, there are other homes on the market being shown to the same potential buyers. Before you list your home, we'll give you an "armchair tour" of comparable properties listed for sale in your price range. We'll share our inside observations on how each home compares to yours and what special features stand out.

    2. Overestimating The Value

    When we tour the competition, you'll notice how similar homes are priced. Features of interest to today's buyers include location, house design and size, privacy afforded by the lot and acreage, special amenities, type of community, and quality of local schools and facilities. Together, we'll help position your home at the right price. By avoiding the over-pricing trap -- which often results in repeated price reductions making the property seem distressed -- we'll save time and net the full value of your home.

    3. Relying On Location

    Homes in the higher price ranges need to look magazine-perfect when shown to potential buyers. Today's market demands that everything -- doors to floors, fixtures to walls -- be sparkling clean. Even minor faults loom large in what is expected to be a perfect home. In short, fix up, repair and polish like never before.

    4. Over-Improving

    Also, avoid over-individualizing the house or grounds. People tend to buy homes they see as an image of themselves. A home that's too individualized with strong, personalized decorating won't sell quickly. Avoid dramatic custom flourishes that may not suit many other people. Some buyers will mentally calculate the cost of removing the customization and deduct the cost from their offer.

    Although you want your home to look its best, spending thousands of dollars to redecorate will not likely help it sell at a higher price -- it may sell more quickly, though.

    5. Making Your Own Marketing Decisions

    The marketing plan for your home needs to reach out to the right potential buyers. We offer a first-class marketing campaign that requires careful advance planning to allow time for reserving appropriate advertising space, top-notch photography, brochure production, even special events, such as a top-broker open house.

    Many homeowners overestimate the value of one-shot marketing such as newspaper or TV spot ads. What typically works better is advertising with a longer "shelf life," in upscale publications, for example, where ads are directed at an ideal niche.

    Let us help you decide whether your house could benefit from an open house or would be better shown by appointment only. Yours is not a home for curious, unqualified walk-ins.

    6. Playing Hard To Get

    No home sells sight unseen. Working together, we can create a plan to show the house to qualified prospects without disturbing your schedule. Details, such as the security system or guard dogs, may need to be worked out.

    Rest assured, all buyers will be financially qualified, perhaps requiring an approval letter from an attorney or banker, before we will bring them to see your property.

    7. Being Inflexible

    You have a unique home, and you're looking for a unique buyer. Chances are that buyer will have special needs and concerns. The most likely buyer will probably need to sell a current home to buy yours. Flexible terms, possibly including some extra time to settle on the old home, will help sell your home quickly at the right price.

    Visit our newest upscale resale at www.sandfiddlerpointe.com
    To view all Wilmington NC real estate please visit www.cbbaker.com

  • Market Trends in the 28409 Zip | Wilmington NC real estate

    Posted Under: General Area in Wilmington, Market Conditions in Wilmington, Home Selling in Wilmington  |  May 3, 2012 9:45 AM  |  764 views  |  No comments
    Below are the most recent Market Trends in the 28409 zip code area in Wilmington NC.  If you would like to see what is happening in your zip code or neighborhood, we would be happy to pull a Market Trends report for you.  Click on the graph to view the whole report.  To search all Tri-county Wilmington NC area real estate, please visit www.cbbaker.com. or on your phone at mobile.cbbaker.com.  Enjoy.
  • Free Neighborhood Updates | Stay Informed | Wilmington NC real estate

    Posted Under: Market Conditions in Wilmington, Home Selling in Wilmington, In My Neighborhood in Wilmington  |  March 27, 2012 8:21 AM  |  466 views  |  No comments
    Curious about what is selling in your neighborhood.  Click on Just Sold and get started.  A full Trends report with data and graphs will be sent you to you.  Keep informed about where you live. 
    To search all Wilmington NC real estate to see what is on the market, please visit www.cbbaker.com.  Enjoy...

  • If you are waiting for the market prices to go down before you buy ... | Wilmington NC real estate

    Posted Under: General Area in Wilmington, Market Conditions in Wilmington, Home Buying in Wilmington  |  February 23, 2012 12:48 PM  |  548 views  |  No comments

    Now is the right time to buy a home.  

    In today’s economic climate, there’s never been a better time to buy a home! First, however, you must ask yourself if the time is right for YOU to buy:

    • Get your finances in order. Do you have a steady income? You will need money for a down payment along with cash for closing and basic move-in expenses.
    • Save for a rainy day. Once you buy, will you have enough money each month to spend on routine maintenance or major repair work if necessary? Be sure to keep a reserve for emergencies.
    • Plan your resale. Do you plan to live in the home long enough to build some equity? Buying for the short-term is much riskier than taking a longer resale horizon. Depending on the area’s housing market, you’ll want to build equity through principal payments and appreciation to cover selling expenses. The odds will be in your favor if you’re buying for the long term.

    P.S. Get expert advice on making your homeownership dream come true! It’s in our FREE, no-obligation e-Report, Qualified: How Much House Can You Really Afford? Click Here to get your FREE copy now!

    Coldwell Banker Sea Coast Advantage has had a record month in contracts.  The market is picking up, the prices are great coupled with awesome interest rates, it is a wise decision to look now.  Prices will increase along with interest rates when the market gets back on it's feet.  Search all Wilmington NC real estate on www.cbbaker.com and get great buyer advice.  Let us know and we can give you mortgage lenders names who you can interview and get your approval letter before you start looking so that the search will be within your comfort zone. 

    Questions?  Lets Talk NOW..  click the link.... http://www.realping.com/accts/connectform.cfm?id=15867&src=web&tz=0&type=talk

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