Wilmington North Carolina Ranked in Top Ten Cities for Real Estate Investment
Wilmington NC (PRWEB) October 27, 2006 -- Wilmington NC is ranked in the top ten in the United States for real estate investment according to CNN Money, with projected gain in home prices of 37% over a 5 year period. Kay Baker, an expert in the Wilmington real estate market, believes that the news about the forecasted real estate market is timely because consumers are recognizing that home sales are stabilizing. Sellers have adjusted their prices accordingly. "We are in a buyers market now", she said, "and it's a great time to invest in Wilmington real estate."
Kay said, "according to OFHEO the Wilmington Metropolitan statistical area (MSA) which includes New Hanover, Pender & Brunswick counties, ranked 16th in the country in annualized appreciation of 22.05%. The five year rate (2001-2006) was a very respectable 62.58%. This is a solid indication of how homes in our area have appreciated."
Wilmington is nestled between some of the most pristine beaches on the East Coast and the Cape Fear River. The region encompasses Wilmington, Historic Downtown, Carolina Beach, Kure Beach and Wrightsville Beach. The area's many miles of coastline, rivers and sounds offer a wide variety of fishing, water sports, boating activities, and quite a few harbors, marinas and yacht clubs are available. Recreational opportunities abound in the area including golf courses that are playable year round. Wilmington offers mild climate and relatively inexpensive cost of living, which make it popular with retirees and second home vacationers.
The Cape Fear coast is rich in history and folklore and known for its natural beauty, nautical legacy and Southern hospitality.
Wilmington and the Cape Fear region has it all, whether you are looking for relocation, retirement, second homes, real estate investment opportunities, or development opportunities.
Kay Baker specializes in residential real estate in Wilmington NC, Wrightsville Beach, Carolina Beach and Kure Beach area. Kay's clients benefit from her knowledge, integrity and decades of experience as a life long Realtor, and a thorough knowledge of the Wilmington residential real estate market. Visit http://www.kaybakerwilmington.com to search the largest 4 County wide database of Wilmington North Carolina real estate for homes, condos, vacation homes, waterfront homes, luxury homes, gated communities, golf course homes, home sites or land.
Kay Baker
Coldwell Banker Sea Coast Realty
1430 Commonwealth Drive 102
Wilmington, N.C. 28403
910-232-0363
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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