Friday, October 11, 2013

Area home sales up for September


Published: Friday, October 11, 2013 at 10:21 a.m.
Last Modified: Friday, October 11, 2013 at 10:21 a.m.
Wilmington-area home sales showed a strong increase in September compared with a year earlier, and average and median prices rose as well.

Sales of homes in the area covered by the Wilmington Regional Association of Realtors – roughly New Hanover, Pender and northern Brunswick counties – rose nearly 18 percent last month, to 532 from 451 in September 2012, according to statistics from the WRAR.

The average price of a home sold last month also rose, by 3.8 percent from a year earlier, to $238,083.
The median price – the point where half of homes sold for more and half for less – rose 7.3 percent to $183,500, the Realtors reported.

Meanwhile, the average number of days it took to sell those homes was 125, the same as in September 2012.

Check back later for the full story.

– Wayne Faulkner

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I am a 25-year hospitality professional turned real estate broker and investor. Originally from Louisville, Kentucky, I have been blessed to live in some amazing places during the course of my career. Key Largo, Florida and Sea Island, Georgia, Southern California, Upstate New York, and numerous locales throughout the Midwest are just a few of the places I have called home. I have made Wilmington my home since 2002 and turned a passion and love of real estate into my vocation. I have been an active real estate investor for eleven years. I have purchased, rehabbed and sold dozens of homes over the course of my real estate career. Over the past three and a half years, I have dedicated myself to the practice of general brokerage. I am a REALTOR with Keller Williams Realty and offer traditional sales and marketing for buyers and sellers. I also offer consulting services to other investors. I am a past Board Member of the Coastal Carolina Real Estate Investors association. Whether for retirement, professional relocation, lifestyle changes, or investment, I have the local knowledge and aptness to help you achieve your real estate goals.
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