Wilmington, NC: In Wilmington, we saw 64 homes go PENDING this week, this is an encouraging number! Prices were mostly in the $200k-$300k range, but several were in the $500+ range and one just shy of $1,400,000. With regards to SALES, Wilmington had 42 closings, up from 34 last week. 41 of these were homes or condos, and 1 land sale. There were again a handful of higher-end home sales including a home in Covil Estates that closed just shy of $1,000,000.

Kure Beach, NC: In Kure Beach, 2 properties went PENDING. Both of these were homes, one an older cottage at $249,000, and a very vice home at $449,000. With regards to SALES, this week Kure Beach also had 2 closings. A beautiful home in the mid $500’s, along with duplex on 4th Ave. Year-to-date there has been 58 total SALES in Kure Beach, compared to 50 YTD in 2009. 45 are homes, and 13 are lots. Currently there are 81 homes for sale, 44 condos for sale, and 42 home sites for sale. The highest sales price of a home this year is $1,175,750, which was an ocean front home.

Carolina Beach, NC: In Carolina Beach, we saw 7 properties placed PENDING this week with list prices from $117,000 to $300,000. We also saw 2 “short sale” properties placed PENDING (subject to bank approval). Of these 9, there was 1 home, 2 duplexes, and 6 condos. 3 of the 6 condos are new construction. With regards to SALES, this week Carolina Beach had 12 closings. This is two consecutive weeks with a dozen sales. Sales prices ranged from $110,000 to $390,000. There were several short sales in this group. The properties buyers are selecting are generally newer homes (or have been updated); those purchasing second homes tend to purchase those with water views, or within a few blocks to the beach

Wilmington, NC: In Wilmington, we saw 48 homes go PENDING this week. Prices ranged from $26,000 (downtown shack) to $950,000 (Porter’s Neck area). We were busy in Wilmington showing homes this week too. With regards to SALES, this week Wilmington had 34 closings. 33 of these were homes or condos, and 1 land sale. There were a handful of higher-end home sales including a new home in Porter’s Neck, a home in Landfall, and my clients Historic Home in downtown Wilmington. Currently there are aprox 2,100 homes listed, 312 condos listed, and 765 parcels of land. The highest price is still at $5,200,000.

Kure Beach, NC: In Kure Beach, we saw 5 properties go PENDING. 4 of these are homes, with list prices between $319,000 and $799,000. With regards to SALES, this week Kure Beach had 2 closings. 813 Cutter Ct SOLD for $413,000, which is an attractive price. My listing at 301 S Fort Fisher Blvd also SOLD for $680,000. We will have more closings to report on these next few weeks! Year-to-date there has been 52 total SALES in Kure Beach, compared to 45 YTD in 2009. 40 are homes, and 12 are lots. Currently there are 77 homes for sale, 45 condos for sale, and 46 home sites for sale. The highest sales price of a home this year is $1,175,750.

Carolina Beach, NC: In Carolina Beach, we saw 6 properties placed PENDING this week with list prices from $129,000 to $385,000. All of these are homes or condos, no parcels of land this week. Three were bank-owned. A beautiful home on Bennett Ln was one that went PENDING. With regards to SALES, this week Carolina Beach had 7 closings, with sales prices of homes ranging from $205,000 to $535,000. Of the 6 dwellings, 2 were homes, 2 were condos, 2 were duplexes. There was one land sale at $59,900. Year-to-date there have been 144 total SALES in Carolina Beach, 120 of these are homes, and 24 of these lots. The highest sale price in Carolina Beach is $1,067,000.

General Market Observations: We’ve been busy showing homes and writing contracts. The phones are ringing; we’re receiving 1000+ website hits a day, and our REALTOR.com traffic has spiked! Strong showing activity continues in single-family neighborhoods, as well as ocean front and ocean view properties. Highlights include the PENDING sale of a new 4BR / 3BA ocean front in Kure Beach. There is increased activity on new construction projects; and continued interest on short sales and foreclosures. In Wilmington, we are seeing move-up buyers; at the beach we are working with a lot of folks from Raleigh/Cary, Ohio, New York, Virginia and Maryland. buying second homes or relocating. I have a new report titled “Pricing It Right.” This brief report will tell you how to price your home, so it sells at the best possible price. It is VERY helpful. Please call me if you are interested in receiving it.

As a Coastwalk Real Estate VIP Buyer, we want to help you get the best results. To do that, we’ve developed a system guaranteed to consistently help save time and money. It’s important that you follow these steps so that we can help you make the best and most informed decisions. Success Steps: 1. Regardless of whether you have a lender in place, it’s important that you select the best financing program that will help you minimize costs while meeting your short and long-term cash-flow need. To accomplish this, we will be setting up a free 20 minute coaching call within the next 48 hours with our preferred lender so that she/he can provide you with valuable tips to help you make better and more informed financing decisions while understanding your unique needs. Please keep in mind that the meeting is absolutely free and there is no obligation. 2. In addition, within the next 48 hours, we will also turn on the Automated Buyer Profile System to provide you with priority access to homes that match your preferences. As part of your Homework ,we request that you review all opportunities sent to you each day for the next 5 days. At the end of each day, select the top homes that seem to best match your preferences . For each of the homes, please write down five of the top reasons you like the homes and send us the information. 3. In order to optimize your results it is likely that we will need to refine your search criteria so that you are not missing out on opportunities or wasting time on homes that don’t match. To accomplish this we will be conducting FIELD WORK. During this time, we will ask you to select your top 6-10 homes out of the list you identified earlier in the week. We will setup a time during our initial meeting to view each of your top pick, allowing us to gather your feedback and refine your search if necessary. This process will continue each week till your search provides a home of interest.

Wilmington, NC: In Wilmington, real estate activity this past week slowed, after having been very busy last week. Our RELOCATION partner has sent us several RELOs, so it’s nice to see companies expanding their presence in the Wilmington area! Wilmington saw 44 properties placed PENDING this week with several in the $500,000+ range, however most were single family homes between $150k - $300k These contracts consist of 37 homes, 4 condos and 3 parcels of land. With regards to SALES, this week Wilmington saw 56 closings, compared to 68 last week. The majority of these sales were in the $100k - $300k range, but we two at $1,000,000+, which is a nice sign for our higher-end home market. Year-to-date there are 1,316 total SALES in Wilmington, compared to 964 at this time last year. This is a healthy increase, although the average sales price has declined. Currently there are about 2,130 homes for sale, 320 condos for sale, and 770 parcels of land for sale. The highest price of a home is offered at $5,200,000.

Kure Beach, NC: In Kure Beach, real estate showing activity also picked-up this week. I had nice activity on my higher-end listings, those in Seawatch, Kure Beach Village and home sites in Live Oak Village. Although we had an increase in showing activity, we saw only two properties placed PENDING; a home in the $400’s and a duplex near $300k. I imagine we will see a an increase in PENIDNG contracts these next few weeks as a result of our recent activity. With regards to SALES, this week Kure Beach had 2 closings, both of these were newer duplexes, with sales prices of $315k and $410k. These homes SOLD for 91% and 97% of the list price, and both were on the market for 6+ months. For more detailed information on PENDING home sales please feel free to contact me. Year-to-date there has been 49 total SALES in Kure Beach, compared to 43 YTD in 2009. Currently there are 74 homes for sale, 44 condos for sale, and 47 home sites for sale. The highest price of a home remains at $1,995,000.

Carolina Beach, NC: There are a lot of folks in town this past week, and showing activity picked-up. I noticed more appointments on ocean front properties, homes in the $300k price range, and in Carolina Sands. In Carolina Beach, we saw 6 properties placed PENDING this week with list prices from $124,000 to $315,000. All 6 were homes or condos, no parcels of land this week. 3 of the 6 were bank-owned properties. With regards to SALES, this week Carolina Beach had 4 closings, with sales prices ranging from $137,000 to $345,000. The average sales price was at 88.9% of the listing price. Two of the properties SOLD within 97% of asking price, the other two had larger discounts. It goes to show how important an accurate listing price is. The days on market ranged from 42 days to 344. Year-to-date there has been 135 total SALES in Carolina Beach. This is up form 114 last year at this time, however the average sales price has decreased. Currently there are 114 homes for sale, 285condos for sale, and 133 home sites for sale. The highest price of a home remains at $2,599,900.