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Market Update

Market Updates
 Market Update 
Friday, 16 October 2009
2009 Market Update (SingleFamily Residential)  
Aug-09
Area Price   Aug-09   Aug-09   Aug-09   Aug-09  
Central Wilmington
(28401, 28403, 28405)
    Active    Under Contracts   Sold   CDOM of Solds Absorption Rate
(Months)
$100-249k   600   47   45   135 13.33 months
$250-399k   214   7   12   139 17.83 months
$400-549k   96   4   3   278 32.00 months
$550-749k   104   1   1   183 104.00 months
$750-1M   73   2   1   26 73.00 months
Total   1087   61   62   152    
Average                 48.03 months
South Wilmington
(28412, 28409)
                  Absorption Rate
(Months)
$100-249k   461   496   52   166 8.87 months
$250-399k   256   10   13   329 19.69 months
$400-549k   89   8   1   157 89.00 months
$550-749k   48   5   2   325 24.00 months
$750-1M   31   0   1   445 31.00 months
Total   885   519   69   284    
Average                 34.51 months
North Wilmington
Ogden
(28411)
                  Absorption Rate
(Months)
$100-249k   179   23   31   150 5.77 months
$250-399k   145   7   11   284 13.18 months
$400-549k   75   2   1   309 75.00 months
$550-749k   41   2   1   1043 41.00 months
$750-1M   19   1   1   178 19.00 months
Total   459   35   45   393    
Average                 30.79 months
Hampstead
(28443)
                  Absorption Rate
(Months)
$100-249k   113   14   9   85 12.56 months
$250-399k   88   3   14   152 6.29 months
$400-549k   33   1   1   109 33.00 months
$550-749k   21   1   1   391 21.00 months
$750-1M   17   0   0   0 0.00 months
Total   272   19   25   184    
Average                 18.21 months
Leland/Navassa
(28451, 28479)
                  Absorption Rate
(Months)
$100-249k   350   35   37   161 9.46 months
$250-399k   134   9   11   40 12.18 months
$400-549k   52   5   3   121 17.33 months
$550-749k   10   0   0   0 0.00 months
$750-1M   3   0   0   0 0.00 months
Total   549   49   51   107    
Average                 12.99 months
Castle Hayne
Burgaw
Rocky Point
(28429, 28457, 28425)
                  Absorption Rate
(Months)
$100-249k   139   5   13   162 10.69 months
$250-399k   48   1   3   219 16.00 months
$400-549k   7   0   0   0 0.00 months
$550-749k   4   0   0   0 0.00 months
$750-1M   4   0   0   0 0.00 months
Total   202   6   16   191    
Average                 13.35 months
Carolina Beach
(28428, 28449)
                  Absorption Rate
(Months)
$100-249k   104   11   11   237 9.45 months
$250-399k   187   10   4   553 46.75 months
$400-549k   96   3   0   0 0.00 months
$550-749k   58   0   4   574 14.50 months
$750-1M   41   1   0   0 0.00 months
Total   486   25   19   455    
Average                 23.57 months
Wrightsville Beach
(28480)
                  Absorption Rate
(Months)
$250-549k   22   2   0   0 0.00 months
$550-999k   60   3   2   122 30.00 months
$1MM-1.49MM   31   0   0   0 0.00 months
$1.5MM+   53   1   0   0 0.00 months
Total   166   6   2   122    
Average                 30.00 months
Topsail Island
(28445, 28460)
                  Absorption Rate
(Months)
$100-249k   14   2   0   0 0.00 months
$250-399k   76   7   3   158 25.33 months
$400-549k   81   3   3   403 27.00 months
$550-1.49M   156   9   2   244 78.00 months
$1.5MM+   7   0   0   0 0.00 months
Total   334   21   8   268    
Average                 43.44 months
   
All Total   4272   726   291        
All Average               236 28.32 months
POSTED BY: Steve Thornton AT 05:52 pm   |  Permalink   |  E-mail this

Sandy & Steve Thornton
Century 21 Sweyer & Associates
16406 Highway 17 N Ste 5
Hampstead, NC 28443
Cell: 910-352-3526
Cell: 910-554-2441
Fax: 910-239-1580
Email: unrealestate1@aol.com

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