Greetings from The Wilson Team, Coldwell Banker Sea Coast.

This is an annual study of sales and activity in the Pine Valley area. Over the last several years the neighborhood has steadily seen about a fifty sales per year. Home sales peaked in the area in 2019, with 66 sales, but have been falling since, hitting just 39 in 2022. Prices, on the other hand, have been on the rise since 2018 and hit record highs in 2022. The average sales price in 2022 was over 365k.

Of course these are just averages, if you have an interest in selling give us a call and we can come out and evaluate the marketing price for your home at no charge.

Also: If you would like to get my monthly email newsletter showing stats on home sales and inventory in New Hanover County, just send me an email request!

New Hanover County Outlook

Home sales have been down the past two years in New Hanover County, falling 4% in 2021 and 21% in 2022. Part of the drop was due to lack of inventory, but in the latter half of 2022, demand did seem to slow.

Prices have not yet reacted to the lower demand however, they seem to continue to climb. Average sales prices in the county went up 18% in 2022. Later in the year there were some signs of leveling, but at this point prices are still at record highs.

There doesn't seem to be any shortage of buyers, it appears that our area is a popular post pandemic location. Inventory remains low, so steady demand will mean prices will continue to rise.

There are clearly signs that we are moving away from a heavily slanted seller's market, and more towards a more even market.

Click on the links at left to review the activity over the past years, plus detail on what sold last year.

Get my free monthly newsletter, featuring stats on what sold and what is currently active on the local real estate market. Just send me an email request!