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Wilmington NC New Homes & Foreclosures

January 18th, 2011 · No Comments · Real Estate Markets

We wanted to start comparing other markets and see what is going on on the East Coast.  so we are going to take a look at North Carolina.

Wilmington NC offers homes and condos for everyone.

Always popular, is new construction. There are great communities offering homes for every buyer.

In Carolina Beach we are seeing the reemergence of new construction. For example, you can buy a 3 bedroom 3 bath home within walking distance to the beach for $350,000. This is a new home.

There are currently nine new homes being offered according to WRAR. The average list price is $343,000 and its 1,608 square feet.

With regards to bank owned homes in Carolina Beach NC there are currently 33 homes for sale. They range in price from $89,000 to $564,000. The inventory level for foreclosures has dropped from the same time last year.

In Seawatch,  a Kure Beach community, you can buy a new ocean view home for $600,000 and up.

In new construction, there are currently two new homes being offered, both are in the $1,000,000 range.

With regards to bank owned homes listed in MLS, there are currently five properties, ranging from $50,000 to $500,000. Bank owned inventory has dropped in Kure Beach compared to 2010 at this time.

Wrightsville Beach has several new homes priced near $2,000,000. There are 3 bank owned homes in Wrightsville Beach as of January 2011.

For those on a budget, you can find great homes in Masonboro Country Club for $300,000. These are brick homes with 4 bedrooms, in a golfing community.

There are urban flats available in downtown Wilmington starting at $200,000. This is a great location for those looking for fun, nightlife and social activities.

Condos in central Wilmington have recently been built. This provides easy access to the beach, downtown and UNCW For example, a new condo off 17th St can be purchased for $120,000. It has a nice pool, tennis courts and a clubhouse.

Wilmington North Carolina real estate continues to offer enough variety of properties and homes for sale to satisfy investors, new home buyers and families alike. With the vast number of communities, price ranges and home styles, anyone is sure to find the type of property they are looking for.

Coastwalk Real Estate has been generous enough to provide these recent statistics about the coastal NC market.

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