Wilmington Real Estate Market Update January 2019
Real Estate In Wilmington is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.68 months supply of inventory on the market in Wilmington on January 31, 2019.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Wilmington last month was 159 days.
It took on average 4 days to sell Wilmington Condo, Townhouse or a Duplex.
The number of home sales in Wilmington from December 1, 2018 through December 31, 2018 was 10 units. That is 1% above the number of homes sold last month in Wilmington.
The average price per square foot in the area is now $92/Sq.Ft, which is 22% an increase from last month.
In Wilmington there were 3 units sold in December in the price range between $38,500 – $87,435 with an average of 2.3 bedrooms and 1 bathrooms and average Square footage of 619SF.
In Wilmington there were 4 units sold in December in the price range between $87,436 – $194,434 with an average of 2.8 bedrooms and 1.3 bathrooms and average Square footage of 1,550SF.
In Wilmington there were 3 units sold in December in the price range between $194,435 – $252,500 with an average of 3.7 bedrooms and 2 bathrooms and average Square footage of 1,794SF.
The middle price range had the most activity. Homes up to $194,434 were on the market on average 42 days and sold an average of $122,175.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Wilmington. Search all Wilmington homes for Sale on propertyup.com If you are considering viewing Wilmington, you may want to do so now!
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source https://realestatevibe.com/wilmington-real-estate-market-update-January-2019/
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