January 2015 Sold Report by Zip Code

For January, all of the following zip codes had increases in number of homes sold January 1^st-31^st 2015 over number of homes sold January 1^st-31^st 2014: 28403, 28405, 28409, 28411, 28412, 28443, 28428 and 28449. Wrightsville Beach (28480) remained the same with only 1 sale comparing the two identical January time periods. Only, the 28451 and the 28401 zip codes had slight decreases in number of homes sold. Overall, January showed great improvement in number of homes sold as well as average sales prices increasing in 6 of the 11 zip codes reported.

{Comparison January 2014 # of homes sold versus January 2015 # of homes sold & percent of change}

28401: 16 - 11 (-31.250%)

28403: 19 -23 (21.053%)

28405: 27 - 33 (22.222%)

28409: 28 - 44 (57.143%)

28411: 47 - 61 (29.787%)

28412: 43 - 44 (2.326%)

28480: 1 - 1 (0.00%)

28443: 10 - 19 (90.00%)

28428: 12 - 18 (50.00%)

28449: 4 - 5 (25.00%)

28451: 31 - 25 (-19.355%) 

Now is a great time to sell! For more information or for confidential home evaluation of your property email me at shannonlee@seacoastrealty.com

7757 Cypress Island Drive Wilmington NC 28412

This beautiful brick home is now for sale in the Cypress Island Community. It has been immaculately maintained and is tucked in to quite cul-de-sac lot in the back of the community. This home has wonderful open floor plan that lends itself to entertaining. Large kitchen breakfast bar is open to the dining and living areas and is complete with updated stainless steel appliances. Neutral paint colors and upgraded flooring make this home move in ready. Large sunroom/library off the living room and master create great flow throughout this home. Enjoy your morning coffee on the sunny back porch overlooking your fenced backyard. Come enjoy the carefree lifestyle this home provides with close proximity to Carolina and Kure Beaches'. In addition to close proximity to the beach, this community features golf, tennis, pool and clubhouse for a low $110 monthly HOA fee. Offered at $242,000 you will want to take a tour of this lovely home. Call Shannon at 910-512-5399 or email shannonlee@seacoastrealty.com to schedule a showing of this incredible property.

Who pays for what?

Buyer & Seller Costs in a Real Estate Transaction

What are my closing costs going to be? How much is a survey? What do I have to pay for?


Every transaction is unique however this is a list of typical cost(s) and responsible party in a transaction. Of course, your Realtor and lender can help you with more accurate estimations as the transaction progresses. Hopefully someone will find this list helpful with estimated cost(s) projections.

Estimated Cost(s)

Seller pays for:                                                           Approximate amount:

Commission                                                               5-10% of the purchase price

Deed Preparation                                                      $95-150

Revenue Stamps                                                        $2 per $1000 of the purchase price

Release of Sellers Mortgage                                    $35-45

Federal Express                                                         $35-40

Home Warranty                                                         $400-500

Buyer pays for:                                                           Approximate amount:

Earnest Money                                                          typically 1% of offer price

Appraisal                                                                    $400-500

Credit Report                                                             $30

Home Inspection                                                       $350-450 (based on square footage)

Origination Fee                                                          1% of the loan amount (can vary)

Discount Points                                                          a % of the amount/type of loan

Attorney Fee                                                               $500-600

Termite Inspection                                                    $75-100

HVAC Inspection                                                       $85-100

Survey                                                                           $300-700 (depending on size)

Flood Certification                                                     $12-30

Recording Fee                                                             $90-125

Title Insurance                                                            $2 per $1000 of the purchase price

HOA Dues                                                                    Prorated from date of closing

Federal Express                                                          $35-40

Commitment Fee                                                       $450

Document Preparation                                             $75-100

2014 End of Year Real Estate Recap

The annual market report was recently reported from the Wilmington Regional Association of Realtors new president Sherri Pickard and I found it to be extremely positive news that I needed to share.


Overall, our average sales price has increased 4.6% when comparing 2014 to 2013. Only one zip code showed a decrease in average sales price. The average number of days on the market also slightly decreased in comparison.

Here is the breakdown of average sales prices per zip code:


28401: $132,649
28403: $212,842
28405: $300,789
28409: $308,567
28411: $289,741
28412: $196,712
28451: $224,523
28480: $743,370
28428: $261,366
28449: $374,272
28443: $259,299

The Wilmington, NC and surrounding areas are showing improvement almost 100% across the board which is very positive news. This is a nice indication that our housing market is healthy and getting stronger.

Feel free to email me at shannonlee@seacoastrealty.com for any questions about this post. Thanks for reading!