Wilmington NC Real Estate is still "MOVING"

By
Real Estate Agent with Coldwell Banker Sea Coast Realty

CNN ranked Wilmington, NC one of the best places to live.  Wilmington continues to be a popular destination for tourist, college students and businesses.  It continues to be an affordable place to live and work.  Despite the negative publicity circulated across the country by the media, Wilmington Real Estate activity continues steady.  Although it takes longer to sell houses now than in 2005, we consider that to have been an exceptional time in our real estate history.  We still have affordable housing, several beaches, UNCW, a strong local economy and many other features, advantages and benefits. 

To search for Wilmington, NC real estate visit http://www.flip4wilmington.com 

No registration, no catches, just search. 

 

MONEY MAGAZINE BEST PLACES TO LIVE 2007   2007 2006 2005

<!-- <tr valign="middle"> <td>Home price gain<br>(2005-2006)</td> <td>55.00%</td> <td>14.83%</td> </tr> --><!-- <tr valign="middle"> <td>Events (Number of sports,<br>concert and family/arts events within 15 miles)</td> <td>0</td> <td>1040</td> </tr> --><!-- <tr valign="middle"> <td>Snowfall<br>(average in inches)</td> <td>2.00</td> <td>25.26</td> </tr> -->
<!--<a href="/magazines/moneymag/bplive/2007/top100/index.html"><img src="http://i.a.cnn.net/money/.element/img/1.0/buttons/button_full_list.gif" width="81" height="24" hspace="0" vspace="0" border="0" alt="FULL LIST"></a>-->CITY STATS Wilmington, NC Top 100 rank: N/AC
Population: 82,400
Compare Wilmington to Top 10 Best Places
Financial
 City statsBest places avg.
Median family income
(per year)
$48,661$90,316
Family purchasing power
(annual, cost-of-living adjusted)
$48,906$82,867
Sales tax7.00%6.74%
State income tax rate
(highest bracket)
8.00%I6.38%
State income tax rate
(lowest bracket)
6.00%I2.74%
Auto insurance premiums
(Average for the state)
$2,199$2,121
Job growth %
(2000-2006)
10.42%13.41%
Housing
 City statsBest places average
Median home price$261,953$359,352
Average property taxes
(2005)
$1,367$3,585
See homes for sale
See million-dollar homes
Education
 City statsBest places average
Colleges, universities and
professional schools (within 30 miles)
129
Junior colleges and
technical institutes (within 30 miles)
218
Test scores reading
(% above/below state average)
-3.9%20.1%
Test scores math
(% above/below average)
8.0%24.8%
% students attending public/private
schools (located within town limits)
93.3/6.791.1/8.9
Quality of life
 City statsBest places average
Air quality index*
(% of days AQI ranked as good)
92.0%77.3%
Personal crime incidents (per 1,000)1013
Property crime incidents (per 1,000)79206
Median commute time
(in minutes)
15.023.1
% population with commute
45 mins. or longer
6.1%15.6%
% population walk or bike to work4.5%2.7%
Leisure and culture
 City statsBest places average
Movie theaters
(within 15 miles)
1030
Restaurants
(within 15 miles)
5662,899
Bars
(within 15 miles)
79287
Public golf courses
(within 30 miles)
40125
Libraries
(within 15 miles)
1371
Museums (accredited by AAM;
within 30 miles)
211
Ski resorts (within 100 miles)n/a17
Arts funding (Dollars per person of state funds spent on arts)11
Weather
 City statsBest places average
Annual rainfall
(inches)
57.0740.18
% clear days in the area3028
High temp in July ° F89.9°86.1°
Low temp in Jan ° F35.8°24.0°
Health*
 City statsBest places average
Has health plan
(% of residents)
89.9%90.5%
Body mass index (avg. for residents)2727
Diabetes rates
(% of residents diagnosed)
10.6%9.3%
Hypertension rates
(% of residents diagnosed)
38.1%30.6%
Elder-care facilities**18107
Meet the neighbors
 City statsBest places average
Median age34.236.8
Completed at least some college
(% of residents)
61.9%72.4%
Married37.9%60.8%
Divorced10.6%8.0%
Racial diversity index
(100 is national average; higher numbers indicate greater diversity)
126.859.2
Amount spent on vacations
(domestic and foreign, household avg. per year)
$6,442$8,250

 

More recently, CNN ranked Wilmington, NC one of the top places to buy NOW.  In my experience, I've met a lot of people who are and have moved to this area from the Northeast US.  Some advantages I hear over and over are the weather, the people and the lack of huge property tax bills.  They still can't believe the property tax rates here compared to there, even after they've been here for a few years. 

 

 

Top 10 cities: Where to buy now
The real estate slump could get worse before it gets better. Business 2.0 Magazine, in its November 2006 issue, identifies 10 markets that offer great opportunities for those who have the patience to buy and hold.

Back to feature
7. Wilmington, NC
BACKNEXT7 of 10
7. Wilmington, NC
37%Projected gain in home prices (5-year)*
Median home priceMedian home price
2006: $217,000
2011: $297,000
PopulationPopulation
2006: 325,000
2011: 361,000
Per capita incomePer capita income
2006: $30,500
2011: $38,300
*Metro region statistics



Nestled between the Cape Fear River and North Carolina's Inner Bank beaches, Wilmington has great golf, mild weather, natural beauty, and a relatively cheap cost of living, all of which make it popular with both permanent residents and second-home vacationers.

But it hasn't always been this way. It was an isolated backwater until 1990, when the final 120-mile stretch of I-40 opened. Now the Research Triangle's well-heeled tech workers can be at the beach in three hours.

As the only city of any significant size on the North Carolina coast, Wilmington may be just at the beginning of its boom. It has a seaport, an international airport, and a UNC campus. But it has also maintained its "historic" ambience, bringing it another revenue stream: Hollywood has filmed 180 features here during the past two decades.

CAUTION: Wilmington has seen a high proportion of speculators invade the region in recent years. Barron's estimated last year that 38 percent of its homeowners are nonresident investors who use their properties only occasionally, if at all. One other word of warning: hurricanes.

 

Forbes ranks Wilmington #19 Best Places 

 

 

 



#19 Wilmington NC
Population: 253,000
 RANK 
 Engineers1  33 
 Cost of Doing Business2  38 
 Cost Of Living3  142 
 Crime Rate4  145 
 Culture & Leisure5  43 
 Educational Attainment6  40 
 Income Growth*  101 
 Job Growth*  69 
 Net Migration*  8 
 Overall  19 
 

North Carolina See Also:




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1 Engineers as a percent of total employment.
2 Index based on cost of labor, energy, taxes and office space.
3 Index based on cost of housing, utilities, transportation and other expenditures.
4 Crimes per 100,000 residents.
5 Index based on museums, theaters, golf course, sports teams and other activities.
6 Share of Population over age 25 with a bachelor's degree or higher.
* 5-year annualized figures.
NA: Not available, not applicable.
Sources: Economy.com; Sperling's BestPlaces; FBI Index of Crime.

Being in Wilmington is fun. If you want to stay busy, there's never a shortage of things to do and see.  There's plenty of free and cheap activities.  There's also plenty of activities you could spend money on.  Getting to Wilmington is easy via I-40 and the ILM airport.  Other options include Hwy 17 from the north and south and Hwy 74/76 from the west. 

Comments (3)

Kelvi Cunningham
ERA High Pointe Realty - Manhattan, KS

Hello Jonathan, welcome to Active Rain! It looks like you have the hang of it! Great graphics! Good luck and thanks for joining the Active Rain community.

Oct 21, 2007 03:20 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Jonathan,

Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Oct 21, 2007 05:36 PM
Leo Namiot
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
Before you chose a lender check my rates and fees

Hello jonathan,

           Welcome to actice rain, it's a great online community. Enjoy!

 

Leo Namiot

Benchmark Mortgage

Connecticut & Florida Mortgage Specialist

Oct 22, 2007 12:37 AM