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Preforeclosure Homes in Wilmington, NC 28409

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Living in Wilmington, NC

Wilmington, NC, is a coastal city known for its charming historic district, vibrant arts scene, and scenic beaches. The city offers a diverse range of activities, including outdoor adventures and cultural experiences. With quality education options and a growing economy, Wilmington is an attractive place for families and young professionals alike.

Current Market Conditions in Wilmington, NC

Wilmington's real estate market is showing strong signs of growth, driven by an influx of new residents attracted to its coastal lifestyle and job opportunities. The market has seen a steady increase in home values over the past year as demand continues to outpace supply in desirable neighborhoods, leading to competitive bidding situations for buyers.

The rental market is also thriving, with a larger pool of potential renters, including students and professionals. This trend is pushing rental prices higher, making investment properties a lucrative option for buyers looking to take advantage of the city's increasing population.

Home Value Estimator For Wilmington, NC

There are currently 81,827 real estate properties in Wilmington, NC, with a median automated valuation model (AVM) price of $410,336.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmington, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wilmington, NC, is $594,164.00, with the most expensive house in Wilmington, NC, topping out at $126,644,456.00 and the cheapest home in Wilmington, NC, clocking in at $13,984.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmington, NC!

Rent Prices In Wilmington, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmington, NC, is on a rollercoaster ride. The average rent price in Wilmington, NC, is $1,461.00. Indeed, when looking to rent in Wilmington, NC, you can expect to pay as little as $550.00 or as much as $3,760.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Wilmington, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wilmington, NC 28409 Preforeclosure Homes


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