2015 Second Quarter Local Real Estate Zip Code Report
By Sherri Pickard, GRI, CDPE, CSSS, SFR, MBA
2015 President, Wilmington Regional Association of Realtors (WRAR)
WILMINGTON, N.C. (July 20, 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 second quarter of 2015:
- Our average sales price has increased by 3.7% from first quarter of 2015.
- Of the 1,630 sellers in second quarter of 2015, 38.2% paid some sort of concession toward the purchase of the house.
KURE BEACH, N.C. (July 15, 2015) – On April 1, 2015, the Kure Beach Planning & Zoning Commission attempted to pass a vacation rental ordinance (VRO), which would have created a separate registration and punitive program in place specifically for area rental units.
In concert with a host of REALTORS®, property managers, and citizens from our area, the Association successfully defeated the proposed VOR. The issue has not gone away, and legitimately there are issues of concern. Thus, the Association, working with locals, sent this letter to coastal property managers thereby addressing some the raised concerns, while allowing action to be voluntary.
WILMINGTON, N.C. (July 15, 2015) – Earlier this year, the New Hanover County Planning Board faced stern pressure from Oxford House, Inc., which operates a group home in the county, to adopt a proposed text amendment that would effectively legalized its specialized form of group homes.
While Oxford House, Inc. felt exceedingly confident in the merits of its proposition due to victories in the U.S. Supreme Court, county officials sought after the expertise of leaders and staff with the Wilmington Regional Association of Realtors® (WRAR).