Welcome to your local resource for Wilmington homes for sale. A beautiful city on the water, Wilmington, North Carolina is a thriving community. It’s home to over 119,000 residents and is an important cultural, economic, and transport hub in the region. As a result, many people want to buy a home in this area. And, residents living here benefit from a strong, but competitive real estate market. Home buyers interested in Wilmington should consider the area’s benefits. To request current information on properties for sale in Wilmington, NC or to set up a private tour, contact your New Hanover County real estate professionals today!
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Home buyers will find a number of home options on the market in Wilmington. This includes larger, estate-like homes, but more commonly single-family homes with under 2,000 square feet of space. This includes new construction in some areas, as well as older homes in a variety of styles. Victorians, bungalows, and more modern homes are present.
When it comes to the real estate market, Wilmington has much to offer. The median sale of a home here, as of April of 2019, is $225,000. That’s remained about the same for the last few months. Home prices range from $125,000 up to $400,000 in value, though. The average price per square foot is $141. That’s grown about six percent over the last 12 months. The market is competitive, too. As of April of 2019, there are 1,338 homes for sale in Wilmington as well as more in the surrounding area. In the period between December and March of 2019, there were 713 homes sold in the city limits. That’s a significant amount of turnaround. However, with this many homes on the market and moderate prices, Wilmington is in a buyer’s market.
There are opportunities for home buyers to purchase inexpensive homes. Additionally, there is competition in most of the desirable neighborhoods here. Those who are considering buying a home may also want to consider the foreclosures and bank owned properties in the area. Several of those options exist here as well. However, the area isn’t necessarily flooded with foreclosure or short sale properties. That is important for resale purchases.
By comparison, those renting a home in Wilmington can expect to pay $1,500 per month to do so. Renting has limited options with not as many opportunities present to buyers. However, when compared to the low interest rates available here along with the housing market options, buying a home in Wilmington may prove to be a better option for many people.
For those who hope to build a home in Wilmington, there are some options available. Several new home developments are located throughout the city. This includes those closer to the shoreline and more towards Route 74. There are numerous home builders in the area including Schumacher Homes, Kent Homes & Associates, and Hagood Homes. Available lands in large, new developments are one option. Others may wish to build on available property in some of the more developed neighborhoods.
Overall, those looking to buy a home in Wilmington will find many options in both new construction and existing homes for sale. From traditional and historic homes to the most modern condos and larger homes, a wide range of options exist to meet most needs. The area also offers competitive real estate prices, which allows more people to qualify to buy a home here.
Wilmington is a part of the largest Wilmington Metro area, which has an overall population of 263,000 people. The city was first established along the Cape Fear River. As such, the heart of the city showcases this with a nearly two-mile-long Riverwalk. The attraction has been ranked one of the best for tourism in the country. Living on the coast also provides a number of opportunities to enjoy beaches, boating, fishing, and other watersports. Several beach communities have become popular here including Fort Fisher and Carolina Beach. Kure Beach and Wrightsville Beach are also a smaller, neighborhood option near the downtown area.
Beyond the waterfront, Wilmington is known for its incredible history. There are a number of properties listed on the National Register of Historic Places including the Audubon Trolley Station, Fort Fisher, and the Carolina Place Historic District. The city’s economy revolves around a range of sectors including electronics, medical, and telecommunications. However, it is also an important tourism destination. It is home to the State Port of Wilmington, a moderately sized port serving a variety of companies.
Wilmington brings with it a significant amount of culture, too, including a very busy theater called the Thalian Hall. The Hannah Block Historic USO and Community Arts Center, located Downtown, is another option. Numerous museums exist as well including the Cameron Art Museum, Latimer House Museum, Sunset Park Historic District, and the Children’s Museum of Wilmington.
Each year, there are numerous festivals here, too including the Azalea Festival that happens each year in April. It includes a parade and fireworks. Other events include the holiday festivals including those along the Riverwalk area.
As a large and modern city, Wilmington is home to a wide range of school options for residents. There are over 25 elementary schools in the community along with eight middle schools available to residents. Most students who live in Wilmington will attend one of several high schools including Eugene Ashley High School, John T. Hoggard High School or Isaac Bear Early College High School. The public schools operating in this area are managed by New Hanover County School Systems.
There are also several academies, private schools, and alternate schools available to residents in the city. This includes Cape Fear Academy, Wilmington Christian Academy, Wilmington Preparatory Academy, and St. Mark Catholic School.
For those ready for higher education, several options exist in and around Wilmington. This includes the University of North Carolina at Wilmington, Cape Fear Community College, and Shaw University’s satellite campus. Other satellite campuses here include the University of Mount Olive and the University of North Carolina at Pembrooke. Miller-Motte Technical College is also located in the city.
For those looking to buy a home in a neighborhood with lots of amenities and near the waterfront, Wilmington, North Carolina can be the ideal choice. It offers a wide range of real estate market benefits with competitive home pricing.
Interested in buying or selling a home in Wilmington? Let our New Hanover County real estate specialists guide you through the purchase of your next Wilmington property or expertly negotiate the sale of your current dwelling. As local real estate agents, we're experts on the dynamics unique to the Wilmington real estate market. We'll get to work for you today!
Contact CRG Companies to learn more about representation for buyers and sellers. Planning to sell your Wilmington residence? Visit our Free Home Evaluation page, where you can discover the resale value of your Wilmington property in just moments!
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