Although the official news is that Punxsutawney Phil has indeed seen his shadow and we are in for an additional six weeks of winter, I’ve learned in this NPR Article that other “prognosticating rodents,” have different opinions on the matter. According to NPR, Staten Island Chuck, who has an accurately predicted the weather 80% of the time, has a different opinion and is calling for an early spring. Regardless of the rodents, the weather in Wilmington is in the mid 70’s as I write this post, and we’re loving it for the moment. Wilmington does occasionally have a severe cold snap in the February/March time frame and so in preparation for that possibility, here are some tips for keeping your house safe:
Replace Worn Weather Stripping- As much as 12 percent of energy losses in today’s homes occurs around doors and windows. Weather stripping is inexpensive, easy to install and and can really cut down on your heating bill. It also helps with cooling so you might as well go ahead and do it to prep for sultry Wilmington summers.
Inspect, Insulate and Drip Faucets- The Insurance Information Institute reports that between 2010-2014 the average claim for water damage freezing was nearly $8,000! That’s a high price to pay for something that could be easily avoided.
Keep Your Well Pump Warm- If freezing pipes aren’t enough of a headache, a frozen well pump is worse (trust me, I know from experience). Depending on the type of well you have, you may be able to simply put a mechanic style light in your pump house. Trying to thaw a frozen pump with a hairdryer in snow is not any type of fun.
Don’t raid the grocery store- Unless, of course, you’re really out of bread and milk. Truthfully, though, Wilmington’s sever cold snaps rarely last longer than a week and snow rarely sticks around for longer than a day or two.
We hope this information is helpful to you! If we can help your or anyone you know with real estate matters, please let us know:
According to a recent survey by Public Policy Polling, Wilmington is North Carolina’s favorite city (CLICK HERE to see the full poll results). While this may be news to some, Wilmington residents have known this for quite a while and have watched the local population grow steadily for years. The North Carolina Office of State Budget and Management (OSBM) reported that the 2010 population of New Hanover County was approximately 200,000 and they forecast that the county’s population will grow to approximately 230,000 by 2020 and 290,000 by 2036. (CLICK HERE for the full reports). This influx of people will certainly come with economic benefits and will also require some changes to roadways in the area.
Fortunately the Wilmington Urban Area Metropolitan Planning Organization (WMPO) and the North Carolina Department of Transportation (NCDOT) have been hard at work trying to make sure that traffic on and around the peninsula of New Hanover County flows as smoothly as possible. One of the most major projects is the US HWY 17 Bypass/Military Cutoff Extension project. When completed, it will allow travellers to bypass Wilmington and Hampstead entirely, cutting down travel time for those travelling on HWY 17 and lowering congestion on major local roads in Wilmington. The NCDOT website offers a great overview of this project HERE.
Additional projects include the Independence Boulevard Extension (currently in Planning and Environmental studies phase), the Isabelle Holmes Bridge Flyovers and Gordon Road Widening projects (both scheduled for construction in 2024) and Kerr Avenue Widening (currently under way). WMPO provides an excellent overview of all roadway projects HERE, including information about the various phases of projects and when construction will be occurring.
While ongoing projects can cause some headaches for local residents, when they are completed, particularly the Hampstead and Wilmington Bypasses, traffic we will be better prepared for the population growth that’s coming. If you have questions about real estate matters in general or any of these projects and how they may impact you or the area, please call, text, or email us:
The final numbers for the 2016 Wilmington NC real estate market have been compiled just in time for our monthly market update video. As promised in our earlier market update (CLICK HERE to read it), this video and blog entry will have the final official numbers from the local Multiple Listing Service. So, here is 2016, by the numbers:
Average Sales Price: $249,349
Median Sales Price: $209,018
Days On Market: 95
Total Units Sold: 8,848 (up 19.2% from 2015)
Based on the current pace of sales, the next few months (January through April) offer a unique opportunity to purchase in Wilmington because the market is moving a bit slower than it probably will this summer. There are a few more houses on the market and not quite as many folks purchasing as there will be this summer.
This month’s video was filmed at Gravity Records here in Wilmington, NC. If you’re into local music, vinyl records and vintage turntables and sound systems, this is the place to go!
If you, or anyone you know, would like to talk about real estate matters, please call, text or email us: