Listing Inventory
The Wilmington NC real estate market is seeing the slowdown that has occurred nationwide. Our current listing inventory has a 78 unit decrease from last month and we are about 238 units down from October 2007. We have 5,741 single family homes for sale in our MLS. The average list price of $424,201 is up by $57.00 from last month. Our average list price last October was $427,354. If our charts prove correct we will continue to see a small decrease in listing through December 2008.
Monthly Average Sold Price
Our monthly average sold price is down 13.5% from last month and down 14.0% from September 2007. September average sold price ($235,068) shows a decline of just 14.1% from year end 2007. When we look at a rolling 12 months our current average sales price remains behind year over year comparisons. Our current year over year (10/01/07 - 09/30/08) average sold price of $261,887 is 3.0% behind $269,905 of this time last year. Rest of the story....
On Saturday, three Coldwell Banker Realtors held a marketing event at the gated community of Figure Eight Island, NC. Figure 8 Island, NC is only accessed by a bridge and Open House events are not allowed. For instance, you cannot even cross the bridge without approval from the homeowners, and an event has to be first approved the Homeowners Association. There are no signs allowed, so strategic marketing efforts are necessary. Direct mail to Figure Eight Island homeowners, email marketing to Realtors, interoffice memos, and internet marketing proved to be very successful as the turnout was great!
Rest of the Story....
Azalea Festival Art Unveiling Party
The Art Unveiling Party for the North Carolina Azalea Festival was held Friday night at the Arab Shrine Club on College Road. The event was sponsored by Frame Works and Jim Quick and the Coastline Band was the entertainment for the evening. Rest of the Story.....
North Carolina least expensive state for loan closing costs
Sometimes it pays to be on the bottom of the list. North Carolina ranked just that (number 56) by bankrate.com for loan closing costs. 2008 closing costs average $2650 for a $200,000 loan in the state of North Carolina. New York ranked first as the most expensive state for loan closing costs at $4015. More...
For more details on closing costs or mortage information, please contact the real estate expert in Wilmington, NC at www.cbbaker.com
Wilmington NC Film Industry May Be Affected by Bailout Legislation
Wilmington NC known as "Hollywood East" may benefit from the recent bailout legislation. The Bill offers tax breaks for producers who film in the United States. With the bill, film producers may deduct all production costs up to $15 Million Dollars.
The film industry in Wilmington began back in 1983 when Dino De Laurentiis came to the area to film Firestarter. Since that time, Wilmington NC has hosted the production of more than 400 movies, miniseries and TV movies. In fact, more revenue has been generated from Wilmington NC productions than any other US city except Los Angeles and New York. Just to name a few One Tree Hill is filmed here, Sleeping With the Enemy, Divine Secrets of Ya Ya Sisterhood and Forest Gump.
For more information about Wilmington NC, check out www.cbbaker.com.
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Kay’s clients benefit from her knowledge, integrity, decades of experience as a real life long Wilmington Realtor, and a thorough understanding of the residential real estate market.
Proven Local Real Estate Experience & A Wilmington Native
Over Half Billion $$ Residential Real Estate Sold!
Congratulations to a Team That Works!
KNOWLEDGE & EXPERIENCE MAKE THE DIFFERENCE
Kay Baker is one of the most respected Realtors in the industry among her collegues and she has also earned the valued trust and loyal following of her many clients both locally and nationally. Kay's clients benefit greatly from her extensive knowledge, unsurpassed integrity, decades of experience as a real life long Wilmington Realtor, and a thorough understanding of the residential real estate market. Kay's expertise and outstanding production have consistently earned her honors as a member of the prestigious International's President's Elite Club, Coldwell Banker Top 10 Producers in Southern Region. Kay is ranked in the top 1% of Coldwell Banker agents nationwide. Whether you are thinking of buying or selling a single family home, condo, townhome, vacation home, golf course property, waterfront home, horse property, land or something in between, please allow Kay Baker & Associates of Coldwell Banker Sea Coast Realty to assist you with all your Wilmington NC real estate needs. Kays level of expertise in working closely with the some of the areas most sought after builders and developers also provides her with the leading edge to assist you in finding the right fit for you and a custom home builder. Kay proudly offers homes for sale in Wilmington, Wrightsville Beach, Landfall, Figure Eight Island, Carolina Beach, Kure Beach, Hampstead, Leland, New Hanover, Pender & Brunswick Counties. Kay is a top Realtor because she listens to what her sellers want and what her buyers need. Excellent negotiating skills coupled with enthusiasm, integrity, professionalism, and services are the key to her success.
Don't take chances with one of the most important investments you will make. Put Success On Your Side right from the beginning.
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