Top 5 Reasons to Buy In the Wilmington, NC Area NOW
Here’s a list of Compass Pointe‘s top five reason’s to move to the Wilmington, NC area!
1. Home Values Are Appreciating
Recent data from CoreLogic InformationSolutions showed that North Carolina home values appreciated 1.0 percent in February and 8.0 percent from February 2013.
According to Fine Coastal Living, demand is on the increase, so the time to buy is now before prices increase.
And according to Zillow, home values in Wilmington have increased 5.1% over the past year and are predicted to rise 2.7% over the next year.
2. Mortgage Interest Rates Are Historically Low
Mortgage interest rates hit their lowest levels for 2014 in May and are predicted to continue to fall across the nation, suggests CNN.
For buyers who qualify, mortgage rates are close to 40-year lows according to the National Association of Realtors (NAR). The average 30-year fixed rate mortgage rate, currently at 4.14 percent, as of June 27, 2014. These historically low-interest rates allow a substantially larger population of Americans to own their own homes.
3. Buying in Wilmington Beats Renting
As the NAR reminds us, real estate remains the best investment available.
Over the past 30 years the median price of existing homes has increased an average of more than 6 percent every year, and home values nearly double every 10 years, a NAR campaign says.
A Federal Reserve Study shows the average homeowner’s net worth is 46 times the net worth of the average renter.
According to Trulia, the median home price Wilmington from March to June was $188,000, which is an increase of 3.9% from the prior quarter and an increase of 1.6% from 2013.
4. Wilmington Is Gorgeous & Full Of History
Wilmington is a port city located on the Cape Fear River with a historic downtown area, but it is also mere minutes away from beautiful sandy beaches. Winters are mild ranging from lows in the 30s to highs in the 50s. Summers are southern hot and range from the 80s to the 90s. The nearby beach and Intracoastal Waterway are perfect for all types of activities including, swimming, boating, fishing, and more.
Where To Retire Magazine named Wilmington one of the 100 best retirement towns in the country.
5. There’s So Much Going On
Wilmington, AKA Hollywood East, is home to EUE/Screen Gems Studios. Popular televisions series like Dawson’s Creek, One Tree Hill and Under The Dome have used the stages and multiple locations throughout the city, as well as popular movies like Iron Man and We’re The Millers.
Since 1995, Wilmington hosts an annual, nationally recognized, Cucalorus Independent Film Festival.
One of the largest DIY festivals, the Wilmington Exchange Festival, occurs over a period of 5 days around Memorial Day each year.
The North Carolina Jazz Festival is a three-day traditional jazz festival which features world-renowned jazz musicians.
The Wilmington Sharks are a Coastal Plain League (CPL) baseball team.
The Wilmington Sea Dawgs are a Premier Basketball League (PBL) team.
The Wilmington Hammerheads are a professional soccer team in the United Soccer Leagues Second Division.
The University of North Carolina Wilmington (UNCW) sponsors 19 intercollegiate sports and has held Division 1 membership in the NCAA. UNCW also competes in the Colonial Athletic Association.
The Cape Fear Rugby Football Club is an amateur rugby club playing in USA Rugby South Division II. They host the annual Cape Fear Sevens Tournament held during 4th of July weekend; hosting teams from all over the world.
Located just 10 minutes north of Downtown Wilmington, NC (by boat or car) sits River Bluffs, overlooking the North East Cape Fear River. Residents enjoy a serene community where they live and play. Together, residents and the neighborhood's developers have established over 30 clubs. The clubs include boating, kayaking, dancing & more!
Sunset Ridge is located in Sunset Beach, North Carolina and has been one of Bill Clark Homes' longstanding flagship communities. At its completion, it will showcase just over 400 single family homes and is planned for 100 townhomes. Just 3 miles from the Sunset Beach barrier island, Sunset Ridge offers its residents the easy access to both the beach and the Intracoastal Waterway all at a very affordable price point.
The Retreat at Ocean Isle Beach is a special community just 1 mile away from the beautiful sand and waves of Ocean Isle Beach. Residents at The Retreat are positioned uniquely within walking distance to the local grocery store, incredible restaurants and quaint shops that make Ocean Isle Beach so desirable. The colorful homes and lush landscape pay homage to the bold and bright colors you'll find lining the oceanfront streets just across the causeway.
Brunswick Forest, the Coastal South's fastest growing community, is located on North Carolina's Cape Fear coast, just minutes from historic Wilmington. This 4,500-acre retreat features a wide array of neighborhoods and lifestyles, 18 holes of golf at Cape Fear National, a Clubhouse, River Club, Fitness & Wellness Center, parks and more than 100 miles of walking, biking and nature trails linking residences and amenities.
North Carolina's southernmost cape, Bald Head Island offers 14 miles of pristine beach, a rare maritime forest, and a 10,000 acre marsh and creek preserve protected in perpetuity. The island's proximity to the Gulf Stream provides subtropical weather conditions year round, with mild...
Compass Pointe is more than a community. It's a destination. Only 10 minutes from historic downtown Wilmington, NC, and 20 minutes from Wrightsville Beach, it is the very best of coastal North Carolina.
Imagine the serenity of a completely nature front community lined with palmetto palms and walking trails created for long walks and naturalist activities. Located just minutes from Southeast North Carolina's beautiful beaches, Palmetto Creek offers nature and wildlife beauty up close
Enter the home of your dreams and the lifestyle you crave in RiverLights ™, Wilmington's newest waterfront community. Designed to foster a coastal, wellness-centered environment, RiverLights offers the energy of a city amid miles of tranquil beauty. Set along the naturally magnificent Cape Fear River, it's a new kind of community that celebrates family, honors nature and breathes new life into Southern heritage.
he setting for Kingfish Bay is a sprawling 60+ acres of coastal Carolina. Great care was taken to weave the development design into this natural setting, while creating a functional, convenient, and aesthetically pleasing lifestyle community.
This waterfront community is renowned for its stunning Bluffs overlooking the Cape Fear River and offer entertainment options for every member of the family. Welcome to The Bluffs on the Cape Fear, where privacy and tranquility are joined in a setting of transcendent natural beauty. Here you'll discover the best of both worlds - a private preserve in the midst of nature, but an easy drive from everything Wilmington and the Coastal Carolinas have to offer.
Conveniently located within Wilmington, NC, The Village at Mott’s Landing features new homes, a pool and clubhouse, tennis court, and - above all - a peaceful setting. This new home community has been thoughtfully created for retired and semi-retired active adults (those who have paid their dues, raised children, worked hard throughout their lives), looking to enjoy retirement living at its finest.
Located within Wilmington, Landfall is North Carolina's most diverse and historically interesting coastal community. A distinctive property of over 2,000 acres with lakes, ponds and four miles fronting on the Intracoastal Waterway and Howe's Creek, Landfall is only five minutes from Wrightsville Beach and the Atlantic Ocean.
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