Windemere Home Sales Rise 50% in Q1 2015

Windemere Home Sales on the Rise

Windemere real estate had a strong first quarter, showing a 50% year-over-year increase in Q1 2015. In Q1 2014, there were four Windemere homes that sold as compared to six in Q1 2015. Overall, sales for Eastwood/University homes in Q1 were up 31% year-over-year and New Hanover County real estate sales were up 12.8%.

Median prices in Windemere were also up in 2015: 249,250 vs. 228,500 and the average days on market dropped from 140 to 82.

We anticipate the days on market for Windemere to continue to drop in 2015 with the low inventory available and high demand for this neighborhood. With only two houses on the market currently, they will not have a long shelf life if priced accordingly.

2015 Q1 Windemere Market Snapshot

Total Sales: 6
Median Price: $249,250
Avg Price Per SF: 123
List To Sale Price Ratio: 95%

2014 Q1 Windemere Market Snapshot

Total Sales: 4
Median Price: $228,500
Avg Price Per SF: 115
List To Sale Price Ratio: 96%

For more information on the regional Wilmington real estate market, please view our 2014 Nest Realty Wilmington Area Report.

Jamie Jankowski specializes in listing homes for sale with her Home Staging skills, assisting first time home buyers, and helping people build their investment portfolios.

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