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Back You are here: Home Local Business News Business News Local Businesses Weekly Real Estate Market Report for January 1, 2014

Weekly Real Estate Market Report for January 1, 2014

From our Coastwalk Family to yours, we’d like to wish you a Merry Christmas, and a safe, healthy and Happy New Year!
Recently the Wilmington Association of REALTORS released is comprehensive Q3 2013 Sales report for Wilmington and the area beaches.
Below is a portion of that report highlighting sales data that may be of interest to you:
When analyzing ten major zip codes in our region – 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428, 28449, and 28443 – an average of the zip codes for the third quarter of 2013 shows that:
• Our average sales price has increased by 5.5% from Year End 2012.
• Of the 1,346 sellers in 3rd Quarter – 26.30% paid some sort of concession toward the purchase of the house.
• Our list to sales price ratio for 3rd Quarter is 96.74%, an increase from 95.25% for Year End 2012.
• The average list price of sold properties is $267,970 and is up 3.8% from Year End 2012.
• The average number of days a property remained on the market for 3rd Quarter was 114 days, compared to 144 days for Year End 2012.
• The median sold price of $212,928 for 3rd Quarter has increased 9.2% from Year End 2012.
28428 Zip Code
• The average selling price of $274,869 has increased 3.7% from Year End 2012 average selling price of $265,146.
• 18% of sellers in 3rd Quarter paid a concession compared to 17% for Year End 2012.
• The average list price of $287,147 for 3rd Quarter has increased 3.2% over Year End 2012 average list price of $278,143.
• The average number of days a property remained on the market for 3rd Quarter was 184 days compared to 160 days for Year End 2012.
• The median sold price of $233,500 for 3rd Quarter has increased 1.4% from Year End 2012.
• Sold homes in 3rd Quarter received 95.72% of the asking price, an increase from 95.33% for Year End 2012.
28449 Zip Code
• The average selling price of $291,612 has decreased 15.5% over Year End 2012 average selling price of $345,291.
• 13% of sellers in 3rd Quarter paid a concession compared to 21% for Year End 2012.
• The average list price of $303,299 for 3rd Quarter has decreased 17.7% over Year End 2012 average list price of $368,454.
• The average number of days a property remained on the market for 3rd Quarter was 130 days compared to 199 days for Year End 2012.
• The median sold price of $250,000 for 3rd Quarter has decreased 22.5% from Year End 2012.
• Sold homes in 3rd Quarter received 96.15% of the asking price, an increase from 93.71% for Year End 2012.
In a few weeks I’ll summarize complete 2013 Stats. If you need any data or information before then, please don’t hesitate to call or email me. Thanks a ton, and Merry Christmas
Expect Results:
Your Real Estate Market Report is provided by Justin Donaton of Coastwalk Real Estate. Any data provided, unless otherwise noted, is courtesy of the Wilmington Association of REALTORS MLS and/or the National Association of REALTORS.
Justin does not just "list" properties, he sells them! To get your home SOLD for the highest possible price, call Justin at 910-352-0998.
Justin has SOLD the most real estate on Pleasure Island every year since 2007. He has the highest dollar volume of sales, and has had the most number of closings.
His business is built on hard work and high-impact marketing. Coastwalk Real Estate is the #1 Sales office on Pleasure Island. Please visit:  www.CoastwalkRealEstate.com for more info.
The Weekly Market Report is a Paid Advertisement Compliments of Coastwalk Real Estate.