Year-End Real Estate Reports

After two years of 20% appreciation, our market took a healthy breather in 2006, helping Wilmington to avoid the crash felt by other hyperactive markets such as Las Vegas and Southwest Florida. In 2006, New Hanover County transitioned from a sellers' market to a buyers' market. Wilmington began2007 with 10 months of inventory, dropped to 7 in the spring and ended with over 12.

Zip Code

Year

# of Homes Sold

Avg. Days on Market

Avg.
List
Price

Avg.
Sold
Price

Avg. Sold
$/Sq. Foot

Avg. % of List Price

 

 

 

 

 

 

 

28401

2004

369

120

$143,128

$139,065
$113

97%

2005

468

61

$169,968

$166,226
$127

98%

2006

404

63

$185,170

$177,160
$139

95%

2007

302

84

$207,472

$197,118
$154

95%

 

 

 

 

 

 

 

28403

2004

688

99

$182,702

$177,921
$101
97%

2005

759

57

$213,291

$208,072
$123
98%

2006

630

44

$243,644

$236,585
$147

97%

2007

468

82

$256,811

$248,421
$155

97%

 

 

 

 

 

 

 

28405

2004

850

81

$214,216

$208,262
$103
97%

2005

983

57

$284,183

$280,805
$133
98%

2006

686

71

$328,686

$321,376
$158
98%

2007

598

102

$366,859

$351,609
$161
96%

 

 

 

 

 

 

 

28409

2004

872

82

$268,035

$261,597
$114
98%

2005

777

42

$308,634

$303,108
$133
98%

2006

702

54

$327,708

$320,094
$149
98%

2007

532

92

$338,401

$325,772
$151
96%

 

 

 

 

 

 

 

28411

2004

1159

73

$244,982

$239,553

$123
98%

2005

1187

41

$292,082

$288,390

$146
99%

2006

986

47

$338,676

$331,163
$162
98%

2007

827

91

$331,167

$321,757
$155
97%

 

 

 

 

 

 

 

28412

2004

1197

74

$159,794

$158,411

$96
99%

2005

1272

39

$196,918

$195,560

$116
99%

2006

1032

52

$223,924

$220,952

$137
99%

2007

787

86

$239,999

$234,329
$139
97%

 

 

 

 

 

 

 

28443

2004

410

105

$198,551

$195,927

$104
99%

2005

667

72

$239,431

$237,724
$119
99%

2006

526

81

$291,751

$287,827
$134
99%

2007

381

117

$301,984

$290,672
$139
96%

 

 

 

 

 

 

 

28451

2004

533

95

$145,674

$144,327
$87
99%

2005

815

59

$182,231

$181,543
$103
99%

2006

993

38

$214,591

$213,485
$121
99%

2007

893

74

$222,004

$220,918
$130
99%

 

 

 

 

 

 

 

ABOVE
TOTALS

2004

6078

85

$202,136

$197,989

$111
98%

2005

6929

51

$240,453

$237,403

$131
99%

2006

5960

54

$271,060

$265,744

$149
98%

2007

4788

89

$283,691

$275,251

$152
97%