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New Hanover County Luxury Homes Update: First Half 2018 vs. 2019

Meghan Riley Luxury Real Estate Leave a Comment

2019 is flying by. We are already over the half-way mark, so now is a great time to take a look at how luxury home sales are fairing compared to last year. This is good information to know if you’re timing your home sale or already have a property on the market. Below are the stats for New Hanover County. If you have any questions or would like to know about another county in Southeastern North Carolina, please feel free to reach out to us at (910) 202-2546.

2018

January 1 – July 29, 2018
Homes Sold: 180

Sale Price

Average: $1,121,421
Median: $849,500
High: $4,900,000
Low: $650,00

Days on Market

Average: 158
Median: 64
High: 3,182
Low: 0
75 out of the 180 homes sold in 30 days or less. 15 homes sold between 31 and 60 days on the market. 72 homes sold after 120 days on the market.

Sold Price to List Price Ratio

Average: 96.12%
Median: 96.735%
High: 125.81%
Low: 76%
The average luxury home sold during this time frame in 2018 had 4 bedrooms, 4.5 baths, and 3,427 sq.ft. of heated living space.

2019

January 1 – July 29, 2019
Homes Sold: 200 (+20)

Sale Price

Average: $1,126,483 (+$5,062)
Median: $851,250 (+$1,750)
High: $4,850,000 (-$50,000)
Low: $652,00 (+$2,000)

Days on Market

Average: 150 (-8)
Median: 58 (-6)
High: 1,007 (-2,175)
Low: 0 (=)
83 out of the 200 homes sold in 30 days or less. 29 homes sold between 31 and 60 days on the market. 63 homes sold after 120 days on the market.

Sold Price to List Price Ratio

Average: 96.06% (-.06%)
Median: 96.885% (+.15%)
High: 109.9% (-15.91%)
Low: 84.89% (+8.89%)

The average luxury home sold during this time frame in 2019 had 4 bedrooms, 4.5 baths, and 3,542 sq.ft. of heated living space.

If you are considering listing your luxury home on the greater Wilmington real estate market, we’d love to chat about the services we offer. Please give us a call at (910) 202-2546 or fill out our form for a personalized market analysis.

About the Author
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Meghan Riley

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Meghan is the Client Care Coordinator for The Cameron Team and a published author of two young adult books.