Wow! What an outstanding October. I wanted to share with everyone how we performed in October and set the table for a fast start to 2010. The following are the key statistics for the market in October and how we faired against the top five companies in the MLS.
Closed Sales Volume Change
(October 08 vs. October 09) Overall Market = +9.4%
C21S 98%
Intra 3.9%
RE 1.8%
CB -7.7%
Prudential -18.7%
Closed Units Change
(October 08 vs. October 09) Overall Market = +20.5%
C21S 95.7%
Intra 37.3%
CB 9.9%
RE -13.0%
Prudential -16.4%
DOM
(October 08 vs. October 09) Overall Market = 146 days
C21S 133
Intra 191
CB 124
RE 207
Prudential 225
In addition, the following is year to date numbers fro the entire MLS. While unit sales continue to improve each month from the previous year, prices continue to come down dramatically. As we start to project home prices for 2010, all indications are that prices will continue to come down in all price ranges. On a positive note, we believe by the end of 2010 we will begin to see price stabilization in the sub $200,000 market.
Market wide AVG sales price 2008vs2009
Decreased 15%
Market wide DOM 2008vs2009
Increased from 116 days to 146 days
If you would like to buy or sell Wilmington, foreclosures, short sells, investment properties, NC real estate, contact Sandy and Steve Thornton for all your home buying and selling needs. Specializing in Wilmington, Leland, Hampstead, Sneads Ferry, Jacksonville, Topsail Island including Surf City, Topsail Beach, North Topsail Beach, Beach and waterfront properties covering New Hanover County, Pender County, Brunswick County and Onslow County areas
