The Week in Review Wilmington NC August 16, 2009

The Week in Review

....your Wilmington Connection

August 16,2009

Whew....a rainy week in Wilmington, but it finished with a blast of sunshine. Its nice to have a break. Summer is coming close to an end, its the best time to look at homes and I wont even bring up the fantastic deals that are awaiting you. Give me a ring or drop me a line if you would like to start looking.

Wilmington Real Estate

Currently there are 2376 single family homes on the market and 329 homes under contract in the greater Wilmington Area. There have been 518 homes sold in the last 3 months. Thats a definate increase to celebrate. Some home prices are still falling, the majority are homes that are overpriced, but there are some forclosures and short sales that are doing some damage. If you are thinking of putting your home on the market and you would like a market analysis send me an email and we can set up a time for me to come look at your home.

The highest reward "Green Certificate" for Custom Home builder

Custom home builder Mark Johnson won the platinum certification from Leadership in Energy and Environmental Design for his house in Landfall. Many builders are finding ways to stand out, and in this day in age this is one way to do it. "An EnergyStar home is going to be 15 percent more efficient" than a home that does not qualify for the government rating, Johnson said. More info Click here.

Great National news for the 2nd Quarter for the Housing Market.

Total state existing-home sales, including single-family and condo, rose 3.8 percent to a seasonally adjusted annual rate¹ of 4.76 million units in the second quarter from 4.58 million units in the first quarter, but remain 2.9 percent below the 4.90 million-unit pace in the second quarter of 2008. Chief economist has been quoted as saying: "With low interest rates, lower home prices and a first-time buyer tax credit, we've been seeing healthy increases in home sales, which are a hopeful sign for the economy. Here is a taste of what we all are waiting for.

...until next week in The Week in Review

Tina