You are here: Home Home Sales Statistics Zip Code Market Analyses Consumers Site Buyers and Sellers Increases in Average Sales Prices and List Prices Show Continued Growth in Most Local Real Estate Markets
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Increases in Average Sales Prices and List Prices Show Continued Growth in Most Local Real Estate Markets

2015 First Quarter Local Real Estate Zip Code Report

By Sherri Pickard, GRI, SFR, CDPE
2015 President, Wilmington Regional Association of Realtors (WRAR)

WILMINGTON, N.C. (April 17, 2015) – When analyzing eleven major zip codes in our region – 28401, 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428, 28449, and 28443 – an average of the zip codes shows for First Quarter of 2015:

  • Our average sales price has increased by 4.9% from First Quarter 2014.
  • Of the 1,065 sellers in First Quarter 2015, 37.7% paid some sort of concession toward the purchase of the house.
  • Our list to sales price ratio for First Quarter 2015 is 96.9%, an increase from 95.5% for First Quarter 2014.
  • The average list price of the sold properties is $265,962 and is up 3.4% from First Quarter 2014.
  • The average number of days a property remained on the market for the First Quarter was 115 days, compared to 124 days for First Quarter 2014.
  • The median sold price of $205,000 for First Quarter is equal to the First Quarter 2014.

The areas of focus in this analysis were:  

  • Selling Price – The price the seller accepts for his or her house.
  • Sellers Concessions – The amount of money a seller of a house contributes toward the buyers purchase.
  • List to Sales Price Ratio – The difference between the list price and the selling price shown as a percentage.
  • Days on Market – The number of days a house remains for sale, from the listing date to the date the property is placed under contract.
  • List Price – The amount of money a home is listed on the market.
  • Median Price – The middle price of all the properties sold in the given time period.

28401

  • The average selling price of $116,140 has decreased 8.2% from First Quarter 2014 average selling price of $123,219.
  • 15.8% of sellers paid a concession in 2015, compared to 18% for First Quarter 2014.
  • The average list price of $123,578 has decreased 6.6% from First Quarter 2014 average list price of $132,301.
  • The average number of days a property remained on the market for 2015 was 133 days, compared to 147 days for First Quarter 2014.
  • The median sold price of $78,000 for 2015 has decreased 25.2% from First Quarter 2014.
  • Sold homes in 2015 received 93.98% of the asking price, an increase from 93.1% for First Quarter 2014.

28403

  • The average selling price of $210,990 has increased 7.8% from First Quarter 2014 average selling price of $195,719.
  • 23.7% of sellers paid a concession in 2015, compared to 24% for First Quarter 2014.
  • The average list price of $220,685 has increased 7.3% from First Quarter 2014 average list price of $205,692.
  • The average number of days a property remained on the market for 2015 was 122 days, compared to 112 days for First Quarter 2014.
  • The median sold price of $165,250 for 2015 has increased 10.2% from First Quarter 2014.
  • Sold homes in 2015 received 95.6% of the asking price, an increase from 95.1% for First Quarter 2014.

28405

  • The average selling price of $289,043 has increased 7.8% from First Quarter 2014 average selling price of $268,179.
  • 37.3% of sellers in 2015 paid a concession, compared to 30% for First Quarter 2014.
  • The average list price of $303,164 for 2015 has increased 6.4% from First Quarter 2014 average list price of $284,970.
  • The average number of days a property remained on the market for 2015 was 119 days, compared to 129 days for First Quarter 2014.
  • The median sold price of $170,250 for 2015 has decreased 5.7% from First Quarter 2014.
  • Sold homes in 2015 received 95.3% of the asking price, an increase from 94.1% for First Quarter 2014.

28409

  • The average selling price of $289,130 has increased 7.5% from First Quarter 2014 average selling price of $269,060.
  • 49% of sellers in 2015 paid a concession, compared to 33% for First Quarter 2014.
  • The average list price of $295,672 for 2015 has increased 6.3% over First Quarter 2014 average list price of $278,212.
  • The average number of days a property remained on the market for 2015 was 117 days, compared to 125 days for First Quarter 2014.
  • The median sold price of $250,000 for 2015 has decreased 2.8% from First Quarter 2014.
  • Sold homes in 2015 received 97.7% of the asking price, an increase from 96.7% for First Quarter 2014.

28411

  • The average selling price of $311,001 has increased 4.7% from First Quarter 2014 average selling price of $296,912.
  • 46% of sellers in 2015 paid a concession, compared to 35% in First Quarter 2014.
  • The average list price of $322,268 for 2015 has increased 1.5% over First Quarter 2014 average list price of $317,360.
  • The average number of days a property remained on the market for 2015 was 99 days, compared to 121 days for First Quarter 2014.
  • The median sold price of $230,000 for 2015 has increased by 5.2% from First Quarter 2014.
  • Sold homes in 2015 received 96.5% of the asking price, an increase from 93.5% for First Quarter 2014.

28412

  • The average selling price of $199,401 has increased .2% over First Quarter 2014 average selling price of $199,067.
  • 40.4% of sellers in 2015 paid a concession, compared to 37% for First Quarter 2014.
  • The average list price of $205,283 for 2015 has increased 1.4% over First Quarter 2014 average list price of $202,428.
  • The average number of days a property remained on the market for 2015 was 90 days, compared to 96 days for First Quarter 2014. The best of all the zip codes.
  • The median sold price of $167,950 for 2015 has decreased 5.9% from First Quarter 2014.
  • Sold homes in 2015 received 97.1% of the asking price, a decrease from 98.3% for First Quarter 2014.

28451

  • The average selling price of $219,108 has increased 10.5% from First Quarter 2014 average selling price of $198,250.
  • 37% of sellers in 2015 paid a concession, compared to 33% for First Quarter 2014.
  • The average list price of $221,666 for 2015 has increased 9.6% over First Quarter 2014 average list price of $202,163.
  • The average number of days a property remained on the market for 2015 was 126 days, compared to 106 days for First Quarter 2014.
  • The median sold price of $196,000 for 2015 has increased 11.5% from First Quarter 2014.  
  • Sold homes in 2015 received 98.8% of the asking price, an increase from 98.0% for First Quarter 2014.

28480

  • The average selling price of $849,522 has increased 28.2% from First Quarter 2014 average selling price of $662,500. The best of all the zip codes.
  • 5.6% of sellers in 2015 paid a concession, compared to 6% in First Quarter 2014. The best of all the zip codes.
  • The average list price of $879,578 for 2015 has increased 20% over First Quarter 2014 average list price of $727,955. The best of all the zip codes.
  • The average number of days a property remained on the market for 2015 was 196 days, compared to 166 days for First Quarter 2014.
  • The median sold price of $628,500 for 2015 has increased 22.6% from First Quarter 2014. The best of all the zip codes.
  • Sold homes in 2015 received 96.5% of the asking price, an increase from 91.0% for First Quarter 2014.

28428

  • The average selling price of $259,326 has increased 3.7% from First Quarter 2014 average selling price of $250,037.
  • 25% of sellers in 2015 paid a concession, compared to 17% for First Quarter 2014.
  • The average list price of $272,857 for 2015 has increased 4.3% over First Quarter 2014 average list price of $261,629.
  • The average number of days a property remained on the market for 2015 was 173 days, compared to 144 days for First Quarter 2014.
  • The median sold price of $227,500 for 2015 has decreased .2% from First Quarter 2014.
  • Sold homes in 2015 received 95.0% of the asking price, a decrease from 95.5% for First Quarter 2014.

28449

  • The average selling price of $327,563 has increased 2.6% over First Quarter 2014 average selling price of $319,360.
  • 20% of sellers in 2015 paid a concession, compared to 10% for First Quarter 2014.
  • The average list price of $345,620 for 2015 has increased 4.0% over First Quarter 2014 average list price of $332,485.
  • The average number of days a property remained on the market for 2015 was 142 days, compared to 151 days for First Quarter 2014.
  • The median sold price of $270,000 for 2015 has decreased 13.1% from First Quarter 2014.
  • Sold homes in 2015 received 94.7% of the asking price, a decrease from 96.0% for First Quarter 2014.

28443

  • The average selling price of $239,622 has increased 4.5% over First Quarter 2014 average selling price of $229,218.
  • 44% of sellers in 2015 paid a concession, compared to 35% for First Quarter 2014.
  • The average list price of $241,289 for 2015 has increased 1.9% over First Quarter 2014 average list price of $236,684.
  • The average number of days a property remained on the market for 2015 was 114 days, compared to 183 days for First Quarter 2014.
  • The median sold price of $237,000 for 2015 has increased 7.7% from First Quarter 2014.
  • Sold homes in 2015 received 99.3% of the asking price, an increase from 96.8% for First Quarter 2014. The best of all the zip codes.

Ten out of eleven zip codes reported an increase in the average sales price. Nine out of eleven zip codes have the List to Sales price ratio above 95%. Clients are getting closer to their asking price, which is always a good sign that the real estate market is recovering.

For more market data that covers our entire MLS, please Click Here. Take advantage of these exceptional opportunities to invest in the American Dream of homeownership. Contact a Realtor today!

An analysis of information from the Wilmington Regional Association of Realtors Incorporated, for the period Jan. 1, 2005 through March 31, 2015 – data pulled on April 12, 2015.

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You are here: Home Home Sales Statistics Zip Code Market Analyses Consumers Site Buyers and Sellers Increases in Average Sales Prices and List Prices Show Continued Growth in Most Local Real Estate Markets