The prices in real estate in Wilmington, in the North Carolina region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Wilmington has increased strongly during the last 6 months. In October, the average price per sq.feet was $151. In November this price pretty much remained the same at a value of $149 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $150 to $167.5 per sq.feet. The price per sq.feet has had a considerable increase of 127 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $158.75 to $201 during February, and March.
Based upon to the price in Wilmington (cities), this has gone up in the last 6 months. The average price for October is $330,729. During November the price had a slight fall till $286,348. During the following two months (December, January) the price has had an average incrementation from $308,538.5 to $353,518.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $376,181 they are 24 % more affordable than the average price for Wilmington. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 2 bedrooms priced at $324,022.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $204 / sq.feet price in Wilmington. The properties with the highest average prices have 1 bedroom. They are 100 % more expensive than the average followed by properties with 2 bedrooms with a price at $237 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $376,181 it is 26 % cheaper than the average price in Wilmington. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $548,967 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $135 / sq.feet followed by "Townhouse" priced at $144 / sq.feet. "Condo" is the most costly type of property with a $261 / sq.feet cost followed by "House" with an average price of $198 / sq.feet.