Kathy Knight - Welcome to the Beach

Home Buyer Credit Qualifications for the $8,000 Home Buyer Tax Credit Only first-time home buyers are eligible for the $8,000 tax credit. This is defined as not owning a home over the past 3 years. Here are other qualifications: The home must be your principal residence. Only homes purchased on or after January 1, 2009 and before June 30, 2010 qualify for the tax credit. Limited to individuals with adjusted gross incomes of $75,000 as a single person or $150,000 filing jointly for those who have closed by November 5, 2009. There is a phase-out for single incomes between $75,000 and $95,000, and for couples filing jointly with incomes between $150,000 and $170,000. For first-time home buyers who buy a home between November 6, 2009 and April 30, 2010, the...

Wilmington NC Pictures Did you know that Wilmington has a RIVERWALK that runs almost the full width of the city on the Riverfront?

It is walkway that is over a 1 1/2 mile long that is built on the Cape Fear River and runs right across Wilmington. It has big dock spaces where boats can pull up and dock for the night. It has restaurants, riverboats,  shops, stores and a hotel along side it. You can even see the War Memorial across from the Battleship North Carolina.

It is the center of a  lot of the city festivities including: the Azalea Festival and the huge street Riverfest which is the 1st weekend in October. You can even see a sailing ship there...

Local Housing Market Carries Positive Growth into Spring By Mary Martin, SRSPresident, Wilmington Regional Association of REALTORS® Spring is finally here and it has never been a better time to purchase a home! Like the weather, our local residential market is gradually warming up offering incredible opportunities for both buyers and sellers. During the 1st quarter of this year, our market surpassed levels from the previous year for the seventh straight month. The most notable improvement was seen in the number of homes sold.  When analyzing the growth within the six major zip codes for our region, our average sales price has increased 1.8% from year-end 2009 and decreased .09% from first quarter 2009. When we look at the median sales price,...

  The Wilmington NC real estate market is ahead of National Averages. Check out the statistics below  as supplied by the National Association of Realtors 

Existing Homes Sales – % of Change vs. February 2009

                                    US          Northeast              Midwest        South          West          Wilmington

Total Units                     4.3%            8.9%                   6.3%             3.8%         .9%            10.3%

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Carolina Beach Farmers Market to Open April 24th – Join the Carolina Beach Arts and Activities Committee every Saturday from 8:00 a.m. until 1:00 p.m. at the lake on Lake Park Boulevard in Carolina Beach. Buy local produce, plants, baked goods, fresh meat, cheeses, jams and more from Carolina farmers and producers. There will be local artists and entertainers among the many vendors. Make sure to stop by the information table and pick up a list of local shops providing 10% discounts for market attendees.

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The Wilmington area Parade of Homes is this weekend and next. Explore new homes all over the Cape Fear Region sponsored by the Wilmington Cape Fear Home Builders Association. Intracoastal Realty Corp has many new homes on the Parade including in Autumn Hall on Eastwood Road, Covil Crossing and Fairwinds Harbour on Greenville Avenue. Come and see the newest designs and innovations in homebuilding. Call me with any questions I would be happy to help you.

  Folks if you have been waiting on the sidelines for the lowest prices at Carolina, Kure or Wrightsville Beach – DON”T.WAIT… Now is the time to BUY!!! In our sales meeting this week agents have reported that many properties including foreclosures have had multiple contracts. Properties are selling in 2-3 days on the market. Now is the time that you will get your best price with the best selection. As the Washington Post reported last week, waterfront properties are at bargain prices: For investors, second-home buyers or retirees who have been sitting on the sidelines for years, 2010 may be the time to dive into the beach market. Prices are now almost back to 2001 levels, and buyers previously priced out of this market may now be able to afford their dream home. In addition, the sheer inventory of available homes is quite favorable to a beach buyer.

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Carolina & Kure Beach There are currently 538 single family homes for sale and this represents a 34 unit increase over March 2010 and 9.6% of our total WRAR inventory.  The average list price is $430,933 an increase of about $2,187 from February. In March there were 25 homes sold, divide that by the homes available and you have a 21.5 monthly supply of homes in Carolina and Kure Beach (this is came down from 33 months because our increase in sales for March). The average sold price for the month of March was $249,072 and is down from last month. In March 2009 we had 22 home sales at an average $292,111. When we look at our rolling 12 months April 1, 2009 to March 31, 2010 we have 285 homes sold at an average price of $291,129. While April 1, 2008 to March 31, 2009 we had 256 homes sold at an average price of $352,537. This data was pulled on April 11, 2010, based on information from the Wilmington Regional Association of REALTORS Incorporated, for the period Jan. 1, 2005 through March 31, 2010. data provided by...

From the Starnewsonle.com information.