According the stats from the Wilmington Regional Association of Realtors (WRAR), area home sales are up for the 10th straight month in a row!
Home sales rose to 507 last month, compared with 416 in June 2009 according to the WRAR. And the Days on Market (DOM) time has dropped from 139 to 119 days in the same period.
The only cloudy bit of news is that there's still room for improvement in the price of homes sold. The average price of homes sold is down 7% to $238,610 from $256,616 in June 2009.
Overall, all our numbers are showing a strong market rebound compared to other areas of the country.
Secretary of the Navy Honors Wilmington With Visit
According to a press release from U.S. Representative Mike McIntyre the Secretary of the Navy, Ray Mabus, has accepted his invitation to come to Wilmington to celebrate the 235th birthday of the U.S. Navy aboard the USS North Carolina battleship on October 12th.
McIntyre stated, “This is a great honor that Secretary Mabus would come join us in Wilmington, not only to celebrate the Navy’s birthday, but also to honor veterans and our servicemen and women of all branches of our armed forces. Southeastern North Carolina has a great tradition of honoring those who serve and those who have served our country, and the Secretary’s visit will emphasize that service.”
The ceremony on the battleship is being hosted by the Navy League, a veterans organization that includes those engaged in maritime service, such as the Navy, Coast Guard, Marines, and Merchant Marines.
“The Secretary’s visit will also be an integral part of the ongoing celebration in anticipation of the upcoming commission of the U.S.S. Gravely as the Navy’s newest destroyer, which will be held on November 20th,” continued McIntyre, a senior member of the House Armed Services Committee.
Homebuyer Tax Credit Closing Deadline Extended
Congress passed an extension of the closing deadline for the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the tax credit closing deadline will help provide additional stability to real estate markets across the nation.
(Source: REALTOR® Action Center)
Featured Listing - 1152 Island Cove in Fairfield Park Reduced
This beautiful home has just been reduced to $145,000! This home is in a great neighborhood only 20 minutes from Carolina, Kure, and Wrightsville Beaches. It's in close proximity to Monkey Junction where Wal-Mart, Lowes Home Improvement and other national retailers are located. This quaint townhome sits in a cul-de-sac and offers an all brick exterior with a courtyard in front and a private wooded yard in the back with a lovely patio. This 2 bedroom, 2 full baths home features hardwood floors throughout and tiled bathroom and kitchen floors. The high ceilings and open floor plan give added depth, making this house quite spacious along with a large laundry room. Neighborhood amenities include: community pool, clubhouse, and tennis. Also includes exterior building maintenance, yard maintenance, master insurance policy, and trash removal. An AHS home warranty is included.
Featured Listing - 1152 Island Cove in Fairfield Park Reduced
This beautiful home has just been reduced to $145,000! This home is in a great neighborhood only 20 minutes from Carolina, Kure, and Wrightsville Beaches. It's in close proximity to Monkey Junction where Wal-Mart, Lowes Home Improvement and other national retailers are located. This quaint townhome sits in a cul-de-sac and offers an all brick exterior with a courtyard in front and a private wooded yard in the back with a lovely patio. This 2 bedroom, 2 full baths home features hardwood floors throughout and tiled bathroom and kitchen floors. The high ceilings and open floor plan give added depth, making this house quite spacious along with a large laundry room. Neighborhood amenities include: community pool, clubhouse, and tennis. Also includes exterior building maintenance, yard maintenance, master insurance policy, and trash removal. An AHS home warranty is included.
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