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WILMINGTON, NC (WWAY) — It looks like Wilmington’s housing market is on the rebound. The Port City is ranked among the best markets in the country over the next five years.

The website “Business Insider” ranks Wilmington number 13 on the list and is expecting growth over the years.

Homeowner Joel Wilson says he’s been waiting for the day he could get a return on his investment.

“Now it’s back where I can sell it for a profit and I take that money and hopefully buy a bigger better house,” he said.

Wilmington home prices are down 25 percent since their peak in 2007. One real estate agent says this makes people want to buy and build.

“A lot of commercial real estate is back with national retailers wanting to be in this area again and signing leases. Waterfront properties are very popular at the moment, too, because it’s affordable again,” realtor Marcello Caliva said.

Caliva says you can’t beat the value.

“Tou have new construction for under $400,000 in a well established development with great amenities and centrally located,” he said.

Wilson, who works is in the construction business, says they cannot find enough tradesmen to build houses. He says Wilmington is a desirable place for people to live and now affordable.

“I think it’s really going to increase the market, sales and people coming to this area,” Wilson said.

Caliva says it would take some houses up to a year to sell. Now they’re on the market for three months or less.

Caliva says the market went up so quickly and so high that it became unrealistic for owners and those home values to stay in place. He says over the past eight months realtors have been overwhelmed with work.

Comment on this Story

  • Interested Sister

    Was Joel Wilson’s quote(“they cannot find enough tradesmen to build houses”) taken out of context? Or is the construction industry hiring in Wilmington? Please tell me who is “they”, because my brother has been in the construction trade for almost 20 years, has been underemployed-doing odd jobs to support his family for 2 years due to our housing market(not b/c of his resume-I would trust him to build my house :)I would love to know who is hiring in the construction field!! Thank you.

  • Guest123123

    I am not a tradesman but I have seen lots of activity all over new hanover county the last 6 months both commercial and residential. Not sure how you become part of one of those crews.

  • Guest-o-matic

    New houses and condo’s are going up faster than one can keep up with at CB! Most of the workers appear to be hispanic though, except for the guy with the white hard hat riding around the jobs in his truck. I’m sure everyone of them is completely legal, paying their taxes, health insurance and contributing to the local charities to help poor people.
    They are such hard workers and build so many houses. Even Chico Especial would be soooooooo excited at the progress of his people.

    You wonder where the jobs are? Does this help you at all to figure out why American citizens in the building trades have a difficult time finding work?

    Guess what? It still isn’t going to get any better. They continue to pour across our borders by the thousands, sucking on our social security system, our health care, food stamp program, free cell phone program, our “free” medical care and…our jobs.

    Nobody gives a damn and nobody’s going to do anything to stop it. Your brother costs too much and will eat into the almighty profits of the developers and builders, so they aren’t going to hire him, no matter how good he is. You brother is likely a responsible person and will have to pay his taxes and protect his family with health insurance. He’s likely too proud to apply for food stamps and works doubly hard to stay afloat and keep his family fed. But Hey! Ol’ Hernandez is out there riding around in his new Escalade all blinged out.

    Anyway…to answer you question: That’s who’s hiring and that’s WHO they’re hiring!

  • Guest2020

    You would think that if they were having trouble finding workers that they would have announced who needs the help. I think that most of us know at least one person who could use the work and would happily spread the news.

  • Guest Reply

    …Until after July 1st has come and gone, and the new wind and hail increased rates have taken place…and added into escrows for higher monthly payments. Give those statistics a few months to settle in, then you will see water front sales not so impressive.
    Jumping the gun never works…and usually back fires.

  • Guest-o-matic

    …then just work for cash, move around job to job, go home to a house of twenty-five and speak spanish only.

    All you have to do is simply observe the workers at ANY jobsite, it’s fully obvious. Even the state commercial contracts work in this manner.

  • working person

    I have to agree with the others as to this so called building boom! I notice that the guy who can’t seem to find any good tradesmen didn’t put his business name or any contact information. I live here and have a family full of construction workers that have worked in the business all their lives and they are UNEMPLOYED! Like others I have to agree that what LITTLE jobs there are around here they aren’t going to the American people. To be honest I don’t think the article was about any “construction business owner” as much as it sounds like it’s from our great Wilmington officials who are trying to draw the money people here. After all we need to get more money in here to take care of all our slack welfare (speaking of those that DONT need it but are just lazy) citizens!! U know the ones..new cars, lots of jewelry, over weight buying the 100.00 worth of snacks and steaks while your working like a dog buying your fixins for spagetti tonight?

  • kara

    I am looking to relocate to Wilmington and buy a distressed property needing TLC – would be very interested in any contacts for construction helpers and licensed tradespersons – working guy – how would i get in touch with you all?



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