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.

The Mission Viejo real estate market, a part of the larger Orange County and Southern California housing markets, showed strong signs of progress despite a substantial distressed sales market. According to a June 15, 2010 report from OC Metro, “Orange County’s median home price and sales numbers got a welcome boost in May, partly due to government tax credits, low mortgage rates and more activity in higher-priced areas, according to a new report from MDA DataQuick.” The article by Kristen Schott continued to say that “The median home price rose to $450,000 in the county, up about 10 percent from the same time last year. It’s the ninth consecutive year-over-year gain, according to the real estate information service. The price also increased from April when it hit $430,000…Sales rose 22 percent in Orange County, compared to the same time last year. Buyers snapped up 3,257 properties, compared to 2,667 in May 2009.”

The same pattern of growing home sales and increased median prices seen among Mission Viejo homes for sale was repeated across the larger Southern California region. According to a June 15, 2010 article from the Orange County Register, “Dwindling foreclosures and higher sales in pricier, coastal neighborhoods have pushed Southern California home prices to their highest levels in almost two years, according to MDA DataQuick. The median price of a SoCal home, or price at the midpoint of all sales, jumped 22.5 percent in May to $305,000.” The report by Jeff Collins went on to note that “It was the first time since October 2008 that the SoCal median price has been at $300,000 or higher. Meanwhile, home sales were up 7.2 percent, juiced in part by the expiring of a federal tax credit of up to $8,000.”

Despite a decrease in the number of foreclosures in the Mission Viejo housing market, there were still a number of distressed sales in the region. According to a June 15, 2010 article from the Orange County Register, “The distressed inventory continued its slow climb this year, adding an additional 89 homes in the prior two weeks and now totaling 3,080, a 3% increase.”

The Laguna Niguel housing market, part of the larger Southern Orange County real estate market, showed strong signs of improvement compared to a year earlier. According to a June 15, 2010 article from the Orange County Register, “For calendar month May – DataQuick’s latest stats – the 19 ZIPs located in south inland communities showed…947 homes sold, that is +46.1% vs. a year ago. The median selling price of these ZIPs was $520,000 – that is +4.9% vs. a year ago.” The piece continued to state that “The south inland ZIPs comprised 29.9% of the recent home sales in Orange County vs. 24.9% a year ago…36 ZIP codes in beach towns and inland South County communities had 1,515 home sales. That’s up 43.7% vs. a year ago.”

The recovery of the overall Orange County economy, which partially determines the number of Laguna Niguel homes for sale, is not as rapid as some analysts had expected. According to a June 3, 2010 article from the OC Metro, “Attendees got what they came for with news that an uptick in new jobs, consumer confidence and median home prices all point to a ‘weak but sustained recovery through 2011.’ The lagging construction industry, however, is expected to stall a more robust rebound.” The piece, composed by Kimberly A. Porrazzo, went on to say that “Typically, GDP growth is in the 6 percent range following a recession. Chapman’s forecast last December called for a mild recovery – around 3 percent…The report underscored the fact that the recession’s impact on Orange County was greater than previously though. Revised statistics from the Employment Development Department show that the county lost 110,200 payroll jobs during 2009, instead of the previously reported 64,800.”

The jobless rate will likely not reach pre-recession levels until next year, which might stall the recovery of the Laguna Niguel housing market. According to a June 3, 2010 article from the Orange County Business Journal, “Orange County isn’t expected to start adding jobs until 2011, according to a midyear economic forecast update released by Chapman University Thursday. Economists at the university in Orange now expect a 1.2% drop in employment for nearly 18,000 jobs lost in 2010, a sharp pullback from the 1,000 job gain it predicted in December.”

The Buena Park real estate market, part of the northern Orange County housing market, showed strong signs of improvement in the most recent tracking period. According to a June 15, 2010 article in the OC Metro, “Orange County’s median home price and sales numbers got a welcome boost in May, partly due to government tax credits, low mortgage rates and more activity in higher-priced areas, according to a new report from MDA DataQuick.” The piece, composed by Kristen Schott, went on to state that “The median home price rose to $450,000 in the county, up about 10 percent from the same time last year. It’s the ninth consecutive year-over-year gain, according to the real estate information service. The price also increased from April when it hit $430,000…The regional uptick in the median could be attributed to a shift to higher-priced home sales in coastal areas such as Orange County, according to MDA DataQuick.”

Buena Park homes for sale, and the northern Orange County properties in general, sold more quickly and in greater volume in the most recent tracking period. According to a June 12, 2010 article from the Orange County Register, “For the 22 business days ending May 25 – DataQuick’s latest stats – the 22 ZIPs located in north inland communities showed…725 homes sold, that is +7.9% vs. a year ago. The median selling price of these ZIPs was $452,500 – that is +2.1% vs. a year ago.” The article went on to note that “The north inland ZIPs comprised 22.8% of the recent home sales in Orange county vs. a 24.3% a year ago…36 ZIP codes in beach towns and inland South County communities had 1,657 home sales. That’s down 0.4% vs. a year ago. Thus, the share of Orange County homes sold in mid-county and inland North County neighborhoods was 52% vs. 60% a year ago.”

The number of distressed homes for sale in the Buena Park housing market as well as the rest of the Orange County real estate market was slightly elevated. According to a June 15, 2010 article in the OC Metro, “The distressed inventory continued its slow climb this year, adding an additional 89 homes in the prior two weeks and now totaling 3,080, a 3% increase.”

Saratoga, California, is a city in Santa Clara County in the northern part of the state in the San Francisco Bay area. It is just west of San Jose in the Silicon Valley area and is home to a population of just over 30,000. Saratoga is a wealthy suburb home to many successful residents who work in the high-tech companies of Silicon Valley. The city’s 2007 estimated median annual household income was over $137,000, and Saratoga real estate is accordingly quite expensive, currently averaging more than $1 million.

So far in 2010, the Saratoga market for residential real estate has shown positive signs and seems to be improving overall. According to the Santa Clara County Association of Realtors, the first quarter of 2010, which consists of the year’s first three months, saw 135 new listings of Saratoga homes for sale on top of current inventory of 122 homes, both of which were down from numbers from the first quarter of 2009, when both figures were over 170. Sales showed improvement as well, with 38 single-family homes sold in the first quarter versus only 21 homes sold last year. The average number of days homes spent on the market before closing improved slightly as well, standing at 95 days in the first three months of this year versus 103 at the same time last year. Even home prices showed improvement in Saratoga, a positive indicator for the real estate market’s health. Average prices were at $1.8 million, up from $1.4 million last year while the median price improved to $1.6 million from $1.2 million.

The condo market in Saratoga showed similar mostly positive trends to kick off 2010. There were 19 new condos listed in addition to an inventory of 15 condos already up for sale, down slightly from last year’s inventory of 22. Sales improved significantly, with eight sales this year in the first quarter versus just a single sale in the first quarter of 2009, and the number of days condos spent on the market before selling fell drastically as well, at just 27 days from 239 last year. The average price of a condo sold in Saratoga in the first quarter of this year was $675,375 while the median price was $633,500. Not many conclusions can be drawn against last year’s figure of $618,000, however, since it was based on the sale of only a single condo.

A community within the city of San Diego, Mission Beach, California, lies on the Pacific Ocean‘s shores and covers two miles of oceanfront property. The community has a very laid-back atmosphere and it is a popular weekend destination for those in the surrounding area, with a boardwalk running along the beach and the community stretching to the popular Mission Bay Park to the east. Because of its prime location along the ocean’s shores, Mission Beach real estate is some of the more expensive real estate in the San Diego area and it homes here are highly coveted.

During the year 2009, there were 137 resell single-family homes sold in Mission Beach and 231 resell condos. Combined, there were 396 residential properties sold for the year. The median price of single-family homes was $750,000, down 3% from 2008, and the median price for condos was $402,500, down around 10% from 2008. Overall, the median price for all types of residential homes in Mission Beach in 2009 was $514,000, down 11% from a year earlier.

More recently, Mission Beach homes for sale have actually shown the slightest improvement in pricing. During the month of March, according to the San Diego Union Tribune monthly zip code sales chart, there were 12 single-family homes sold for a median price of $730,000, up an ever so slight 0.7% year-over-year. The condo market, however, showed more signs of a continued struggle. There were 16 condos sold during the month for a median price of $267,500, a decline of nearly 32% annually. Additionally, there were four newly constructed homes sold for a median price of $352,500. In total, there were 32 residential properties sold in Mission Beach in March for a median price of $427,500, down 17% from March 2009.

An affluent suburban community in Orange County in Southern California, Yorba Linda is home to a population of about 70,000 and is about 40 miles southeast of Los Angeles. The city is famed for once being home to former U.S. President Richard Nixon, and is home to the Richard Nixon Presidential Library and Museum. It has a large population of horse lovers, with more than 30 horse trails in the community. Yorba Linda real estate leans toward the higher end in the county, as residents here, on the whole, are quite wealthy, with a median household income of almost $110,000 in 2007. The affluent community lends itself to higher home prices, and Yorba Linda suffered its share from the downturn in the real estate sector that occurred — and is still occurring — across much of the U.S., beginning in 2008.

Yorba Linda finished the year of 2009 with mixed notes. According to the Orange County Register‘s annual zip code sales chart, the median price for homes sold in the city was down nearly 10% in one zip code, coming in at $587,750, and down 6.5% in the other zip code to $579,500. The good news was that sales activity in the city was up — by more than 16% overall for the year in the first zip code, with a total of 587 homes sold, and by 20.5% in the latter zip code, with 253 homes sold.

Despite slumping prices in 2009, the new year shows some signs of promise for Yorba Linda homes for sale. According to the Orange County Register’s monthly sales chart, in March, the city’s first zip code saw home prices rise year-over-year by 3.5% to $634,500. However, the second and less populated zip code, saw its prices still continuing to struggle, down in March by nearly 17% to $375,000. March saw sales down annually in both zip codes, with 45 and 19 homes sold, respectively, declines by 25% and 30%.

Even more recently, these trends have continued. The city’s first zip code saw its median price at $650,000 in a three week period ended April 14, according to the Orange County Register’s Real Estate blog. That made for an 18% increase, besting the total Orange County average increase for the period, which was up 15%. The second zip code saw a median of $379,500, down 40% annually. Sales volume was up in both zip codes, with 55 and 24 sales, respectively, up 25% and 4%.

]]> http://www.zumatimes.com/2010/06/yorba-linda-real-estate/feed/ 0 http://www.zumatimes.com/2010/05/poway-real-estate-update/ http://www.zumatimes.com/2010/05/poway-real-estate-update/#comments Wed, 05 May 2010 20:19:18 +0000 admin http://www.zumatimes.com/?p=124

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The Poway real estate market is heavily dependent on the larger trends of the San Diego county real estate market. The trend for this general area has been largely positive in recent months, according to an April 16, 2010 article in the Los Angeles Times. This article found that “A decline in the number of foreclosures and the comeback of higher-priced coastal areas drive the increase…The median price paid for a California home in March jumped 14.3% compared with the same month last year, reflecting a reduction in the number of foreclosure properties on the market and the comeback of higher-priced coastal areas.” The piece continued to note, written by Alejandro Lazo, continued to find that “Statewide, the median price paid for a home in March was $255,000, up from $223,000 in March 2009. It was the fifth consecutive year-over-year increase after 27 months of declines.”

An especially encouraging sign for Poway homes for sale was a decreasing number of foreclosures, according to an April 23, 2010 article in the Valley News. According to this piece, “The number of Riverside County homes slipping toward foreclosures dropped by 49.9 percent in the first quarter of the year, compared to the same period in 2009, a real estate information service reported Tuesday.” This article continued to note that “Lenders sent default notices to 8,474 homeowners in Riverside County in the first quarter, down from the previous year’s first-quarter total of 16,906, according to La Jolla-based MDA DataQuick. Meanwhile, the number of San Diego County homes slipping toward foreclosure dropped by 39 percent in the first quarter of the year, compared to the same period in 2009.”

However, there may be trouble on the horizon for Poway real estate, as a major lending crisis may be on the horizon for the region. According to an April 13, 2010 article in the North County Times, “Bank of America, the nation’s largest mortgage lender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homes at auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar. The bank said the increased activity was a natural consequence of borrowers running out of options.”

]]> http://www.zumatimes.com/2010/05/poway-real-estate-update/feed/ 0 http://www.zumatimes.com/2010/04/dana-point-real-estate/ http://www.zumatimes.com/2010/04/dana-point-real-estate/#comments Thu, 22 Apr 2010 04:49:04 +0000 admin http://www.zumatimes.com/?p=121

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The Dana Point real estate market seems to be heading towards a recovery, according to the most recent market indicators. According to an April 14, 2010 article in the Los Angeles Times, “Southern California’s housing market showed fresh signs of momentum in March with the median price and sales pace improving from the same month a year earlier as buyers hurried to take advantage of a soon-to-expire federal tax incentive, cheap prices and low interest rates.” The piece, composed by Alejandro Lazo, continued to state that “The median price paid for new and previously occupied houses and condominiums in Southern California jumped 14% in March to $285,000 from the same month a year earlier, according to San Diego real estate research firm MDA DataQuick.”

The volume of Dana Point and Southern California home sales was especially noteworthy, according to an April 13, 2010 article in DQ News. This piece found that “Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage rates. The market is still tilted toward low-cost distress sales, but not by as much as previously, a real estate information service reported.” The article, which was released on TheStreet.com, continued to report that “A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino, and Orange counties last month. That was up 33.3% from 15,359 in February, and up 5.0% from 19,506 in March 2009, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.”

This same general good news for Dana Point real estate was reported by Kristen Schott in the OC Metro on April 13, 2010. Her article found that “Orange County’s median home price shot up 12.2 percent in March, compared to the same time last year, according to a new report released by DataQuick. The number hit $432,000 in the period, up from $385,000 at the same time last year. The price also increased over February, when the region’s median came in at $417,000.”

]]> http://www.zumatimes.com/2010/04/dana-point-real-estate/feed/ 0 http://www.zumatimes.com/2010/04/east-bluff-newport-beach-california/ http://www.zumatimes.com/2010/04/east-bluff-newport-beach-california/#comments Sun, 18 Apr 2010 19:16:14 +0000 admin http://www.zumatimes.com/?p=119

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A community within Newport Beach, California, the area called East Bluff is an area with 460 single-family homes located atop a location where views can be seen of the Back Bay and Newport Beach’s city lights. The community is close-knit and family-oriented. The area is home to high-priced residential real estate and thus has only naturally suffered since the downturn in the U.S. housing market set in around late 2008. Prices have spiked and crashed throughout the past year, making the East Bluff real estate market a bit unstable at present time.

The Newport Beach Zip code in which East Bluff is located has seen its median price rise and fall like tracing the path of a roller-coaster over the past year. In April, it showed a more stable mark from the previous month, at around $1.68 million, basically constant month-over-month. Last year at this time, the median price was just around $1.7 million, showing that through all the ups and downs of 2009, perhaps the market now has gotten through the shocks and may continue on a more stable path.

The number of days East Bluff homes for sale and other homes for sale in the Newport Beach Zip code have spent on the market before selling has shown some improvement in the first quarter of 2010. The figure hit an annual peak at around 270 days in early January, but has since fallen to around 225 in mid-March, the lowest level seen since early December 2009. These figures are all still well above the 175-day range that existed in mid-April of 2009.

The number of new homes listed fell dramatically in the beginning months of 2010, hitting a 12-month bottom of around 150 in mid-January. That figure has since picked up again though, rising to around 225 in the beginning of April, about the same level as it was at during the same period last year. Meanwhile, price per square foot has traced a mostly downward trajectory over the  past 12 months, with the figure at around $545 in April, down form $585 at the same period one year ago.

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