Monday, September 13, 2010

Riverfest Returns to Downtown

The festival begins Saturday, October 2nd and runs through Sunday, October 3rd. There will be live entertainment  featured on two outdoor stages along with arts and crafts, exhibits, dance performances, contests, children's activities, food concessions and more! There's a fireworks show beginning at 9:05 PM on Saturday, October 2nd.

The Riverfest coincides with the 6th Annual Invasion of the Pirates. The Invasion hosts a Treasure Hunt for children Saturday, October 2nd from 1-4PM with area merchants. There will be swordsmen demonstrating their skills throughout the day. And in the evening a "pirate ship" flotilla begins at 7:20PM where boats and crews are costumed and decorated. The Flotilla will start at the Memorial Bridge and continue north along the river to Conlon Docks led by the Wilmington Fire Boat, Atlantic VI.

For more information on Riverfest click here or call 910.452.6862.



Monday, September 6, 2010

Tax Credit Extended

The National Association of REALTORS® (NAR) worked closely with Congressional leaders on both sides of the aisle to enact the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623). Extending the tax credit closing deadline will help provide additional stability to real estate markets across the nation. 
The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. 
(Source: REALTOR® Action Center)

Thursday, September 2, 2010

Wilmington Area Home Sales Up!

According the stats from the Wilmington Regional Association of Realtors (WRAR), area home sales are up for the 10th straight month in a row!

Home sales rose to 507 last month, compared with 416 in June 2009 according to the WRAR. And the Days on Market (DOM) time has dropped from 139 to 119 days in the same period.

The only cloudy bit of news is that there's still room for improvement in the price of homes sold. The average price of homes sold is down 7% to $238,610 from $256,616 in June 2009.



Overall, all our numbers are showing a strong market rebound compared to other areas of the country.