Wilmington - Ranks Number Twelve in Appreciation

Posted Mar 23, 2007 @ 11:31 pm, Viewed by 580 Visitors, Read 580 Times.

Wilmington - Ranks Number Twelve in Appreciation

A Popular Destination Makes for Resort Area Investing

Wilmington, NC ranked number twelve for appreciation as of December 31, 2006 with 15.47%. Click here to see a list of the Top 20 Metropolitan Statistical Areas and Divisions with Highest Rates of House Price Appreciation. This area has become a popular destination because of its moderate, four-season climate, historic preservation district, and numerous championship golf courses. In addition, nearby Wrightsville Beach is a Mecca for sailors, surfers, sunbathers, beachcombers and seafood lovers making this a good area for short term rental investing. Some publications have named it in the top ten for “Best Places to Invest”.

Students and Jobs Fuel Rental Market

The labor market remains strong and that continues to drive home sales up in this area. The top employers in Wilmington consists of New Hanover Health Network, New Hanover County Schools, General Electric, University of NC Wilmington, New Hanover County, City of Wilmington, Progress Energy, WalMart, International Paper, PPD, Inc, Corning, Inc, Cape Fear Community College, aaiPharma, NVISTA, and Louisiana Pacific Corp.

Much of the city's growth is taking place along College Road, where the University of North Carolina at Wilmington (UNCW) is located. It enrolls over 11,600 students. Wilmington is also home to Cape Fear Community College with 4,500 students, CFCC is the fastest growing community college.

High Growth Rate

A high growth rate is expected to continue into the foreseeable future. A recent article in CNN Money said that Wilmington has a projected gain in home prices of 37% over the next 5-year period. Despite the market down turn in other areas of the country this area continues to grow. Many anticipate that price appreciation will continue at a good pace in 2007. Wilmington offers a spectacular variety of properties for investors.

 

source: mypropertywealth.com

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Buddy Blake

Buddy Blake My name is Buddy Blake and I have a team of REALTORS that service the Wilmington, NC area, which is located in Southeastern North Carolina.  Our team has consistently sold more homes than any other group in the area, and in fact we have been one of the top fifteen teams for Coldwell Banker for the last four years. We specialize in helping families relocate to the Wilmington area, many of which come from states such as:  NY, NJ, VA, FL, CA, MA and many more.  Along with offering great values for resale homes our team also assists buyers in buying the best new homes in the area. For more information on our team or the Wilmington NC area please feel free to call me at (910) 395-1000, send me an email at buddy@buddyblake.com or visit my website at www.buddyblake.com.   Read More

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