Wilmington Real Estate
Wilmington NC is one of the hottest real estate markets in country. With homes for sale ranging from small condos to huge waterfront, multi-million dollar homes, Wilmington NC has a wide variety of real estate.
Homes in Wilmington NC
The real estate market in Wilmington NC has been on fire for a long time. With a wide variety of home styles and prices, in a multitude of price ranges makes it a unique place to buy a home. With solid year over year real estate growth, purchasing a home in Wilmington is considered a very solid investment. The great schools and low crime, coupled with the foot traffic and economy of tourism make Wilmington a great place to live.
Wilmington Real Estate Stats
Currently in Wilmington there are 562 pending sale in the real estate market, leaving only 1115 homes for sale. The results of those numbers are a pending ratio is 33.5% (562 divided by 1,677). The pending ratio shows the supply and demand of the market. A high ratio means that Wilmington real estate is in demand and listed homes for sale are quickly going under contract. In addition, a low ratio means there are not enough qualified buyers for the existing supply.
More Real Estate Stats
When looking at sold properties over the last six months you see a median sold price of $249,900 and 21 DOM (Days on Market). Its very important to point out — and goes to show the strength of the real estate market in Wilmington, that properties in the $1 Million Plus price range have sold quickest over the last six months.
Wilmington is located on the Easterly shore of North Carolina. With the city being established all the way back in 1739, Wilmington has a very long history. The city has went through the Revolutionary War and the Civil War on its own land. With longstanding architecture and monuments reflecting its history, visiting Wilmington can be a history lesson in itself. With much of its cultural and economic importance based off of the fact that Wilmington is a port city.
Areas of Wilmington
There are many areas around the city of Wilmington NC in high demand for real estate. Wilmington is surrounded by not only a deep history, but some unique styles of real estate. With water on all sites, from the ocean to the River to Cape Fear, if you are looking for waterfront homes, Wilmington has every type. Whether you want to live on a sandy beach or a fun river.
With the age of the city, it is no surprise that Wilmington has a large historical district. Wilmington’s national registry is one of the larges in the US, spanning 230 blocks.
Not far away from the downtown area, you will find Castle Street’s Arts and Antique District. Offering a multitude of mid century antiques, unique restaurants, bars and cafe’s, the Antique District is a “must see” if you come to the area.
Not far from Downtown Wilmington, but a little North – you will find the Wilmington Arts District. With rustic (but restored) church’s coffee shops, deli’s and even a brewery, the Arts District should be another stop on your trip to Wilmington.
Looking to Buy a Home in Wilmington?
Because of the historically great real estate market in Wilmington coupled with the high demand for housing, we are working with some of the top REALTORS and real estate agents in Wilmington. Hall Realty works hard to choose only the most professional, most successful real estate agents. Please contact us if you would like to be put with the Top REALTOR in Wilmington NC.