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Back You are here: Home Local Business News Business News Local Businesses Weekly Real Estate Market Report for July 2, 2014

Weekly Real Estate Market Report for July 2, 2014

I first want to wish everyone a safe, healthy and Happy 4th of July! There are lots of things happening around town, so get out and enjoy. Of course if you want to look at homes, we are available to assist!
This week I wanted to provide a snapshot of year-to-date activity.
In 2014, through June 24th, 217 properties have SOLD on the Island. 182 of these are home/condo sales, and 35 are land sales.
Of the 182, 75 of these are single family homes, and 107 are condos or townhomes. The average sales price for single family homes is $354,939, and the average sales price per square foot is $176.
The age of a home, its location and its condition can all substantially affect the price per square foot.
New homes in the $300,000 - $450,000 price range remain a hot commodity. Resale homes in the $200,000 - $400,000 price range are in demand. Ocean Front home sales have slowed, but activity is starting to pick-up. “Investors” are also scooping up homes and condos with solid rental histories.
In 2013, during the same period, 220 properties SOLD on the Island. 187 of these were homes/condos, and 33 were land sales.
Of the 187, 78 of these were single family homes, and 109 were condos or town homes. The average sales price for single family homes was $338,082, and the average sales price per square foot was $176.
As you can tell, there is a high level of consistency between 2013 and 2014. I believe this is healthy for the market, and good for both buyers and sellers!
Now here is a snap shot of a few homes we have recently SOLD:
810 S Fort Fisher Blvd – SOLD - $749,754– This is a beautiful home built by Windjammer Construction in Live Oak Village.
410 E Ave – SOLD – $575,000 - A nice home tucked away in a quiet location with lots of privacy.
1607 Mackerel Ln - SOLD - $355,000 – A 6 year old home in Carolina Beach with a cute backyard!
1407 Mackerel Lane #2 - SOLD - $340,000.00 – A stylish duplex in Carolina Beach with a roof-top deck.
1706 Mackerel Lane – SOLD - $465,000 - A larger single family home in Kure Beach.
917 Coast Walk Ln – SOLD - $90,000 – A home site located in the Carolina Sands community.
915 Tidewater Ln – SOLD - $250,000 – A 2 Bedroom home in Carolina Sands with a guest suite.
1717 Carolina Beach Ave N – SOLD - $175,000 - A two bedroom condo with some ocean views.
1518 Canal Dr – SOLD - $285,000 – A classic beach cottage on the North End. Lots of character!
303 Alabama Ave #1 – SOLD - $326,500. A duplex unit on Alabama Ave with an Ocean View.
For more complete information, questions or additional information, please call or email me anytime!
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  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 has the #1 Sales office on Pleasure Island too.
Please visit:  www.CoastwalkRealEstate.com for more info.
The Weekly Market Report is a Paid Advertisement Compliments of Coastwalk Real Estate.