WW411 - Week of February 22

Quote of the Week:

Experience is the teacher of all things. – Julius Caesar

Local Market Statistics

There are currently 4719 single-family homes for sale in New Hanover, Pender and Brunswick Counties. In the last 6 months (8/22/09-2/21/10), 1876 homes have sold. These numbers indicate that if NO other homes are listed for sale that there is approximately 15 months worth of inventory. During the last week (2/15/10-2/21/10):

• 177 Homes were listed FOR SALE
• 72 Homes went UNDER CONTRACT
• 42 Homes SOLD
• 95 Homes FAILED to SELL (Withdrawn or Expired)

Please note all of these statistics are based on single-family residential homes for sale in New Hanover, Pender and Brunswick Counties.

Area Happenings

February 20^th: 17th Annual UNCW Intercultural Week & Festival February 26^th: Friday Gallery Walk @ Downtown Wilmington
4th Thru March 15^th: American Images @ Wilmington Railroad Museum

What Are the Benefits of Annexation?

All the talk about annexation in the Wilmington, NC area, has many people asking what are the benefits? Some Benefits are:

• A stronger voice in State and Federal Government
• A stronger voice in land use planning
• Residents will receive enhanced law enforcement and fire response
• The opportunity to have urban water and sewer services
• Enhanced code enforcement
• The opportunity for upgraded maintenance of streets and sidewalks
• City zoning and stormwater requirements for new developments
• Weekly trash service, including curbside recycling, yard waste removal and bulky item disposal at no additional charge
• The opportunity for neighborhood traffic management programs.

(Information gathered from http://www.wilmingtonnc.gov)

Most of us are aware that the Monkey Junction area is being annexed however some other possible areas are: Gordon Road/Dutch Square, Kings Grant, Masonboro South, Ogden, Silva Terra, Arrowhead, Springview and Churchill Estates.
Click here to view the draft presentations and maps.

FREE EMAIL ALERTS OF NEW BANK-OWNED PROPERTIES.