Happy 2015 Wilmington! Each year as we prepare for the spring market, we first take a look back at the year that was in our local real estate market. We are excited to present the 2014 edition of the Nest Realty – Wilmington Annual Report. At Nest, we believe it is important that our clients be well-equipped to make confident, informed decisions when it comes to buying or selling a home. One of the ways we do this is by synthesizing vast amounts of data to provide you statistics and metrics that are relevant to you and our local market.
Continuing with the upward trend of the past few years, the Wilmington area real estate market experienced continued growth in 2014. Many major geographical areas experienced a significant increase in total sales levels as well as a rise in median sales price. In a year in which we expected interest rates to rise, surprisingly we saw rates drop which led to first-time homebuyers making up a significant segment of our market. Overall, we once again saw the positive trends and indicators that we have witnessed over the past few years. To learn more about how the Wilmington market performed last year, take a look at the highlights below and read the full 2014 Nest Realty Annual Report here!
- Total sales in the Wilmington area MSA increase more than 3%
- Median sales price in the Pine Valley/Monkey Junction area rose over 9%
- Average days on market in Wrightsville Beach dropped nearly 27.5%
Have questions? Don’t hesitate to reach out directly to your Nest Broker to learn more!