The Week in Review Wilmington NC April 17 2011

The Week in Review

....your Wilmington Connection

April 17, 2011

After a windy start to the weekend today turned out to be a head turner. The Wilmington Airshow put on a show to make up for the cancellation yesterday and keep their followers happy! It was beautiful out there. A bit noisy. smile.

Now is the time to make your move, home prices are low, i mean really low and interest rates are something that in the near future you will look back on and think now why didnt i buy my house then. So if you are thinking about that home search lets sit down and have a talk and make sure whe get you the most home for your money in the shortes period of time. Email me or call 910 619 8931

Wilmington NC Real Estate

Currently on the market are 2104 single family homes. 178 homes are under contract and in the last 2 months there have been 317 homes sold and 234 of those homes were priced under $300,000. The trend is still to buy under that $250,000 mark.

Market Share in our Local MLS systems

Market Share Reports for all 4 MLS systems for Jan 1 through March 18th 2011 and here are the results. Thought you might need to know this if you are thinking of putting your home on the market. Lets get your home sold, dont waste time with any other company!

Closed Units ( for WRAR, BCAR and Topsail MLS combined)

#1 Coldwell Banker Sea Coast Realty 470

#2 Intracoastal Realty 197

#3 C-21 Sweyer and Assoc. 154

#4 Live Oak R/E 100

#5 C-21 Brock and Assoc. 70

Commercial slowdown may be the case Nationally, but not in Surf City

Commercial development may be in a slump nationally, but noticeable change is under way in Surf City, where several new stores have opened recently and more are on the way.

The parking lot of Harris Teeter was jammed Wednesday for the grand opening of the new store in Surf City Crossing shopping center next to Lowe's home improvement on N.C. 210. The center will soon also house a Great Clips, JT's Brick Oven Pizza and other stores.

Farther east on 210, at its intersection with N.C. 50, a McDonald's opened in late March, and shortly before that a new CVS Pharmacy, which sits next door.

There's much more to come.

March 2011 home sale prices

(March 2010 in parentheses)

Average price of homes closed: $242,883 ($199,744)

Median price of homes closed: $170,000 ($178,750)

- Wilm. Regional Realtors

Mortgage rates, April 14

30-year fixed: 4.91% (4.87%)-

15-year fixed: 4.13% (4.10%)+

5-year adjustable: 3.78% (3.72 %)-

1-year adjustable: 3.25% (3.22%)-

+ Plus 0.7

- Plus 0.6

.....until next week in The Week in Review Tina