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Preforeclosure Homes in Wilmington, NC

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Living in Wilmington, NC

Wilmington, NC, is a dynamic coastal city known for its stunning waterfront, rich history, and blend of urban and outdoor lifestyles. The city boasts excellent educational institutions and a variety of amenities, making it attractive for both families and young professionals. With its warm climate and abundance of recreational opportunities, Wilmington is a prime location for real estate investment.

Current Market Conditions in Wilmington, NC

The Wilmington real estate market is currently experiencing steady growth, driven by an influx of new residents and a booming tourism sector. The demand for properties, particularly in waterfront neighborhoods, has led to a competitive market with rising prices, making it an attractive option for investors.

Recent trends indicate a shift toward suburban living, with an increase in demand for single-family homes and larger spaces as remote work becomes more commonplace. This trend is encouraging developers to invest in new housing projects, further enhancing the city's appeal and long-term market potential.

Home Value Estimator For Wilmington, NC

There are currently 81,798 real estate properties in Wilmington, NC, with a median automated valuation model (AVM) price of $409,229.00. 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 $591,942.00, with the most expensive house in Wilmington, NC, topping out at $123,693,996.00 and the cheapest home in Wilmington, NC, clocking in at $13,638.00. 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 Preforeclosure Homes


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