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2009 Market Update (Single Family Residential)

Dec-09
Area Price Dec-09 Dec-09 Dec-09 Dec-09

Absorption Rate
Active Under Contracts Sold CDOM of Solds (Months)
$100-249k 565 16 36 145 15.69 months
Central Wilmington $250-399k 198 5 11 139 18.00 months
(28401, 28403, 28405) $400-549k 77 3 2 375 38.50 months
$550-749k 84 0 0 0 0.00 months
$750-1M 52 2 2 77 26.00 months
Total 976 26 51
Average 147 19.14 months

Absorption Rate
(Months)
$100-249k 453 27 30 179 15.10 months
South Wilmington $250-399k 245 10 18 197 13.61 months
(28412, 28409) $400-549k 60 3 1 92 60.00 months
$550-749k 46 1 1 183 46.00 months
$750-1M 26 1 0 0 0.00 months
Total 830 42 50
Average 130 16.60 months

Absorption Rate
(Months)
$100-249k 185 16 19 81 9.74 months
North Wilmington $250-399k 124 13 8 74 15.50 months
Ogden $400-549k 67 4 5 274 13.40 months
(28411) $550-749k 36 0 0 0 0.00 months
$750-1M 15 1 0 0 0.00 months
Total 427 34 32
Average 198 13.34 months

Absorption Rate
(Months)
$100-249k 96 6 6 217 16.00 months
Hampstead $250-399k 86 4 8 220 10.75 months
(28443) $400-549k 32 0 1 216 32.00 months
$550-749k 26 0 0 141 0.00 months
$750-1M 16 0 0 363 0.00 months
Total 256 10 15
Average 262 17.07 months

Absorption Rate
(Months)
$100-249k 332 30 34 198 9.76 months
Leland/Navassa $250-399k 119 6 11 148 10.82 months
(28451, 28479) $400-549k 54 4 6 382 9.00 months
$550-749k 9 0 0 0 0.00 months
$750-1M 2 0 0 0 0.00 months
Total 516 40 51
Average 232 10.12 months

Absorption Rate
(Months)
Castle Hayne $100-249k 147 6 8 225 18.38 months
Burgaw $250-399k 44 0 1 394 44.00 months
Rocky Point $400-549k 3 0 0 0 0.00 months
(28429, 28457, 28425) $550-749k 7 0 0 0 0.00 months
$750-1M 3 0 0 0 0.00 months
Total 204 6 9 619
Average 351 22.67 months

Absorption Rate
(Months)
$100-249k 102 6 10 349 10.20 months
Carolina Beach $250-399k 171 3 7 246 24.43 months
(28428, 28449) $400-549k 62 4 3 46 20.67 months
$550-749k 49 3 0 0 0.00 months
$750-1M 42 0 0 0 0.00 months
Total 426 16 20
Average 214 21.30 months

Absorption Rate
(Months)
$100--249k 8 0 2 355 4 months
Wrightsville Beach $250-549k 20 0 0 0 0.00 months
(28480) $550-999k 52 1 1 215 52.00 months
$1MM-1.49MM 25 1 0 0 0.00 months
$1.5MM+ 48 1 0 0 0.00 months
Total 145 3 1
Average 54 145.00 months

Absorption Rate
(Months)
$100-249k 11 3 1 0 11.00 months
Topsail Island $250-399k 33 1 0 0 0.00 months
(28445, 28460) $400-549k 27 0 1 14 27.00 months
$550-1.49M 0 0 0 0 0.00 months
$1.5MM+ 0 0 0 0 0.00 months
Total 71 4 2
Average 4 35.50 months

All Total 3851 181 231


All Average 202 16.67 months

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