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Coastal NC home sales perk up


WILMINGTON, NC (TRIANGLE BUSINESS JOURNAL) - Wilmington area home sales – those in New Hanover, Pender and northern Brunswick counties, totaled 4,540 in 2010 compared to 4,361 in 2009 - reports the Triangle Business Journal.

That's a modest but notable increase and good news for home owners and investors in coastal properties.


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Check the numbers

statewide, 30% of home sales in 2010 were of distressed properties, foreclosures and pre-foreclosures. That % is probably higher at the resort communities.

2011 may actually see an increase in the number of foreclosures along the beach.

So great news for investors; great news for those who want a place at the beach; not so good news for those who bought beach properties at the peak and would like to sell.