Southeastern Nc Market Update July 2009
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2009 Market Update (Single Family Residential) Jul-09 Area
Price
$100-249k Central Wilmington $250-399k (28401, 28403, 28405) $400-549k $550-749k $750-1M
Total Average
South Wilmington (28412, 28409)
North Wilmington Ogden (28411)
Hampstead (28443)
Leland/Navassa (28451, 28479)
Castle Hayne Burgaw Rocky Point (28429, 28457, 28425)
Carolina Beach (28428, 28449)
Wrightsville Beach (28480)
Jul-09
Jul-09
Jul-09
Jul-09
Active
Sold
594 212 92 106 68
Under Contracts 37 8 6 3 1
CDOM of Solds 135 178 414 477 0
Absorption Rate (Months) 11.42 months 19.27 months 30.67 months 106.00 months 0.00 months
1072
55
301
41.84 months
161 168 172 0 255
Absorption Rate (Months) 6.71 months 12.63 months 25.00 months 0.00 months 13.00 months
189
14.33 months
137 72 206 101 0
Absorption Rate (Months) 4.25 months 14.60 months 15.00 months 22.00 months 0.00 months
129
13.96 months
146 228 0 0 0
Absorption Rate (Months) 6.59 months 7.31 months 0.00 months 0.00 months 0.00 months
187
6.95 months
182 168 244 0 0
Absorption Rate (Months) 8.20 months 9.85 months 11.00 months 0.00 months 0.00 months
198
9.68 months
231 0 0 0 0
Absorption Rate (Months) 10.46 months 0.00 months 0.00 months 0.00 months 0.00 months
231
10.46 months
179 158 0 1227 489
Absorption Rate (Months) 12.56 months 21.22 months 0.00 months 57.00 months 43.00 months
52 11 3 1 0
67
$100-249k $250-399k $400-549k $550-749k $750-1M
456 240 100 48 26
49 16 2 2 0
68 19 4 0 2
Total Average
870
69
93
$100-249k $250-399k $400-549k $550-749k $750-1M
170 146 75 44 24
28 9 4 1 1
40 10 5 2 0
Total Average
459
43
57
$100-249k $250-399k $400-549k $550-749k $750-1M
112 95 36 22 15
7 10 1 0 0
17 13 0 0 0
Total Average
280
18
30
$100-249k $250-399k $400-549k $550-749k $750-1M
336 128 55 11 4
34 11 4 0 0
41 13 5 0 0
Total Average
534
49
59
$100-249k $250-399k $400-549k $550-749k $750-1M
136 47 8 6 4
11 2 1 0 0
13 0 0 0 0
Total Average
201
14
13
$100-249k $250-399k $400-549k $550-749k $750-1M
113 191 90 57 43
8 9 1 3 0
9 9 0 1 1
Total Average
494
21
20
$250-549k $550-999k $1MM-1.49MM $1.5MM+
Total Average
All Total All Average
26 60 34 57
0 1 1 5
0 1 0 0
177
7
1
4264
283
513
33.44 months
0 748 0 0
Absorption Rate (Months) 0.00 months 60.00 months 0.00 months 0.00 months
748
60.00 months
168
23.83 months
341
Price
$100-249k Central Wilmington $250-399k (28401, 28403, 28405) $400-549k $550-749k $750-1M
Total Average
South Wilmington (28412, 28409)
North Wilmington Ogden (28411)
Hampstead (28443)
Leland/Navassa (28451, 28479)
Castle Hayne Burgaw Rocky Point (28429, 28457, 28425)
Carolina Beach (28428, 28449)
Wrightsville Beach (28480)
Jul-09
Jul-09
Jul-09
Jul-09
Active
Sold
594 212 92 106 68
Under Contracts 37 8 6 3 1
CDOM of Solds 135 178 414 477 0
Absorption Rate (Months) 11.42 months 19.27 months 30.67 months 106.00 months 0.00 months
1072
55
301
41.84 months
161 168 172 0 255
Absorption Rate (Months) 6.71 months 12.63 months 25.00 months 0.00 months 13.00 months
189
14.33 months
137 72 206 101 0
Absorption Rate (Months) 4.25 months 14.60 months 15.00 months 22.00 months 0.00 months
129
13.96 months
146 228 0 0 0
Absorption Rate (Months) 6.59 months 7.31 months 0.00 months 0.00 months 0.00 months
187
6.95 months
182 168 244 0 0
Absorption Rate (Months) 8.20 months 9.85 months 11.00 months 0.00 months 0.00 months
198
9.68 months
231 0 0 0 0
Absorption Rate (Months) 10.46 months 0.00 months 0.00 months 0.00 months 0.00 months
231
10.46 months
179 158 0 1227 489
Absorption Rate (Months) 12.56 months 21.22 months 0.00 months 57.00 months 43.00 months
52 11 3 1 0
67
$100-249k $250-399k $400-549k $550-749k $750-1M
456 240 100 48 26
49 16 2 2 0
68 19 4 0 2
Total Average
870
69
93
$100-249k $250-399k $400-549k $550-749k $750-1M
170 146 75 44 24
28 9 4 1 1
40 10 5 2 0
Total Average
459
43
57
$100-249k $250-399k $400-549k $550-749k $750-1M
112 95 36 22 15
7 10 1 0 0
17 13 0 0 0
Total Average
280
18
30
$100-249k $250-399k $400-549k $550-749k $750-1M
336 128 55 11 4
34 11 4 0 0
41 13 5 0 0
Total Average
534
49
59
$100-249k $250-399k $400-549k $550-749k $750-1M
136 47 8 6 4
11 2 1 0 0
13 0 0 0 0
Total Average
201
14
13
$100-249k $250-399k $400-549k $550-749k $750-1M
113 191 90 57 43
8 9 1 3 0
9 9 0 1 1
Total Average
494
21
20
$250-549k $550-999k $1MM-1.49MM $1.5MM+
Total Average
All Total All Average
26 60 34 57
0 1 1 5
0 1 0 0
177
7
1
4264
283
513
33.44 months
0 748 0 0
Absorption Rate (Months) 0.00 months 60.00 months 0.00 months 0.00 months
748
60.00 months
168
23.83 months
341
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