Market Conditions in Wilmington : Advice

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Janine Naylor, Real Estate Pro in Wilmington, NC
Janine Naylor answered:
is there any history on 2604 larne ct, wilmington, nc 28411?
Hello again. It was built in 2000, sold in '03 and again in '06. It is currently for sale with a list price of $147,900. It has 3 bedrooms, 2 baths and 1125 sq ft.

If you would ... more
0 votes Share Flag Wed Dec 26, 2012 Market Conditions in Wilmington
Jeff Lesley, Real Estate Pro in Wilmington, NC
Jeff Lesley answered:
why has 2603 larne come up for sale 3 times withtin the last five years?
It was purchased in 2007 and has since sold as a foreclosure in 2010. Other than those two sales it has not changed hands since 2001. It currently is not on the market but if you woul ... more
0 votes Share Flag Wed Dec 26, 2012 Market Conditions in Wilmington
Heather Smith, Real Estate Pro in Wilmington, NC
Heather Smith answered:
I have seen this home and would like to make a cash offer of $249,000. Possession TBD.
Have you seen the home yet? Do you have an agent working for you? Let me know if you have any questions about this home or proccess of making an offer. 910-297-7390
0 votes Share Flag Mon Jul 9, 2012 Market Conditions in Wilmington
El Brant, Real Estate Pro in Wilmington, NC
El Brant answered:
I am thinking of a move to Wilmington NC - what is the median home prices?
The median price of residential homes sold in New Hanover County (for April 2011) was $182K, a 4.2% drop from a year ago. The average home is on the market 151 days and sells for 93% o ... more
0 votes Share Flag Wed Jun 29, 2011 Market Conditions in Wilmington
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
I've read in the paper recently that since many people can't buy, the rental market is stronger. What do area landlords think?
In the DC area - rents are up 8% over this past year.

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, D.C. and Northern Virginia
0 votes Share Flag Wed Mar 30, 2011 Market Conditions in Wilmington
Caroline Dug…, Real Estate Pro in Wilmington, NC
Caroline Dugas answered:
What are the market conditions and median values in Landfall? Is it worth paying a premium? Is there an average $/sq ft value?
Because Landfall is comprised of many different neighborhoods and types of homes, you can not just look at Landfall as a whole. The only time I am comfortable with looking at price per ... more
0 votes Share Flag Sat Apr 24, 2010 Market Conditions in Wilmington
Kevin Mcrill, Real Estate Pro in Wilmington, NC
Kevin Mcrill answered:
What is the resale value for a condo approx 300K in the 28405 area code within the next couple of years? Are there a lot of foreclosures in this area?
The Wilmington condo market has dropped in price 10-30% in this downturn but appears to have stabilized along with the rest of our market. It would be irresponsible of me to forecast ... more
0 votes Share Flag Thu Jan 21, 2010 Market Conditions in Wilmington
Erin Gora, Real Estate Pro in Wilmington, NC
Erin Gora answered:
Did the house located at 1705 N Lumina Ave in Wrightsville Beach, NC sell too low? It seems low.
It does seem low. However, I have not been inside the house, so I can't say that it was too low. Until you see the house in persona and have it inspected, you just don't know what kin ... more
0 votes Share Flag Sat Oct 25, 2008 Market Conditions in 28411
Erin Gora, Real Estate Pro in Wilmington, NC
Erin Gora answered:
Was this house under priced for the area?
I don't see which house you are talking about. Do you have an address?
0 votes Share Flag Sat Oct 25, 2008 Market Conditions in 28411
Victory Prop…, Real Estate Pro in Raleigh, NC
Victory Property Management answered:
What is the vacancy rate in Wilmington NC?
Well Kyle, if you ask ten people that question you'll probably get 11 different answers and one half answer. The MLS market average is around 150 days. This tracks most major Rea ... more
0 votes Share Flag Wed Mar 2, 2011 Market Conditions in Wilmington
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Considering that over 80% of buyers start their home search on the internet, are the REALTORS of the future
Not at all!!!! th einternet should be used as a tool to place ads, descriptions and helpful information. it shouldnt and cant be used as a total tool without human contact to look for, ... more
0 votes Share Flag Tue Sep 9, 2008 Market Conditions in Wilmington, NC
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Given current market conditions, do buyers and sellers in Wilmington think that REALTORS are overpaid for
i would love to see a 4% cobroke, here in NH we still see 2 in the buyer agent column. Commission is a negotiable part that is based on what market conditions will bear and how much wor ... more
0 votes Share Flag Sat Sep 13, 2008 Market Conditions in Wilmington, NC
M, Other/Just Looking in Florida
M answered:
Do you think that the housing crunch in Wilmington is simply a product of the national problem, or is it?
Ralph,
Can I get a copy of your report? I'd love to direct traffic your way.
Terry Molnar
The Schaffer Realty Group
0 votes Share Flag Mon Feb 16, 2009 Market Conditions in Wilmington, NC
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
This news about the Fannie, Freddie takeover could potentially change the housing market forever. Most think
I agree it is a fix but not the golden one that will change things over night. to begin to recover the banks have to start to lend money, now that fannie and freddie will be buying thes ... more
0 votes Share Flag Tue Sep 9, 2008 Market Conditions in Wilmington, NC
Justin King, Real Estate Pro in Wilmington, NC
Justin King answered:
Is Fractional Ownership becoming more popular in Wrightsville Beach?
Yes fractional ownership is becoming more popular at Wrightsville Beach. With large oceanfront homes sitting on the market for longer times, many builders are turning to fractional own ... more
0 votes Share Flag Wed May 1, 2013 Market Conditions in Wilmington
Michael Cepa…, Real Estate Pro in 33647
Michael Ceparano answered:
In light of an ailing housing market, I have been hearing about foreclosures on a daily basis. There is no
It really all depends on the buyer and how "good" a deal it is. If the buyer is handy or has the funds to pay someone and can fix some usual foreclosure problems and they get the home w ... more
0 votes Share Flag Tue Jun 17, 2008 Market Conditions in Wilmington, NC
Victory Prop…, Real Estate Pro in Raleigh, NC
Victory Property Management asked:
How would you rate the long term rental market in the area? With sales being down, you would think that there would be a large supply of renters right? In my opinion, there does seem to be a large supply of renters, however, I also expect to see a lot of homes in this area go on the rent...
0 votes Share Flag Tue Jun 17, 2008 Market Conditions in Wilmington, NC
Carrie Crowe…, Real Estate Pro in Southaven, MS
Carrie Crowell - Keller Williams Realty answered:
Is real estate still a good investment for those who aren't highly involved in the industry?
Yes Ralph I do. If you choose the right proerty. If you can get a property for less than its value it would be a good time to invest if you do not intend to flip. Flipping property i ... more
0 votes Share Flag Sat May 24, 2008 Market Conditions in Wilmington, NC
Mark, Home Buyer in Orangevale, CA
Mark answered:
If there are so many homes to choose from, prices are great and interest rates are declining, why are people
the prospect of instant and significant negative equity is a little off-putting. Majority opinion is that to buy now is trying to catch a falling knife. Most people with means to buy ... more
0 votes Share Flag Mon Aug 11, 2008 Market Conditions in Wilmington, NC
Penny Parker, Real Estate Pro in Phoenix, AZ
Penny Parker answered:
my husband and i are relocating to wilmigton, nc. from upstate NY. We need to find either an apartment or a
I would check on Craig's list under rentals. When my husband was relocated there in October, that is how we found our condo at the beach.

Good luck!
0 votes Share Flag Wed Mar 30, 2011 Market Conditions in Wilmington
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