SOLD in only 46 DAYS!

700 S 5th Street - Carolina Beach
SOLD IN ONLY 46 DAYS!

106 Stoneybrook Road

Stoneybrook - $249,900















Cottage style curb appeal on a wooded,high lot. Lots of space in this single level home. Spacious family room with stone hearth fireplace. Huge gameroom. Tile floor in the kitchen and baths. The 36 X 24 detached garage and workshop is great for the handy man. Updated vinyl windows and HVAC System. Mature neighborhood feel. Close to schools and the waterway.

For other listings and more information on Wilmington, NC Real Estate visit www.BrettKnowles.com.

1313 Old Lamplighter Way

Greymarsh Landing - $429,900

Coastal Carolina Charm! Opportunity abounds in this 4 bedroom low country design. The interior floor plan features lots of gracious space. Open great room and kitchen with hardwood floors, custom built-ins, wet bar, gas logs, and volume ceilings. Formal dining. Spacious bedrooms with fantastic closet space. First floor, master suite. Tile baths. Beautiful landscape with lots of trees. Inviting front porch is great for porch swings and rockers. Entertain from the multi-level backyard deck. Located in a quaint neighborhood community that includes pool & clubhouse. Gateway to Wrightsville Beach. Priced to sell!

For other listings and more information on Wilmington, NC Real Estate visit www.BrettKnowles.com.

Skies Brighten For Real Estate Market

The dark cloud that has been hovering over the real estate market may be breaking up.

Several real estate agents and mortgage brokers believe it's a great time to buy a home for the first time.

"I think the real estate market in 2009 is phenomenal right now,” said President of Coldwell Banker Seacoast, Tim Milam.

According to many experts, it's a great time for new homebuyers, which includes anyone who hasn't owned a home in the past 36 months.

Currently, there are some good incentives including an $8,000 tax credit, low interest rates, and reasonably priced homes.

President of Alpha Mortgage Michael Lopez calls it the triple threat. “We have the best rates in history right now."

Realtors are seeing high foot traffic. Buyers are mostly looking for homes priced lower than $300,000.

Mohamad Elhenawy just bought his first home. He said the tax credit was a good incentive for him. "Made me think about it so much, because $8,000 is a lot of money for me."

His new home is off Gordon Road, and he can't wait to start working on it. "I love the yard, I love to work in my yard, to grow plants and fruit, I love to grow fruits."

Some Wilmington mortgage brokers and realtors have come together and created a website that describes the $8,000 incentive and how it applies to buyers looking in our area. Find out if you are eligible, how the credit works, and where you can find the right home by visiting www.getyour8000.com.

New Listing - 105 Sea Lily Court

Outstanding opportunity to own a home in a coastal Carolina gated community with water access. 4 bedrooms, 3.5 baths, detailed molding in the formal living and dining rooms. Vaulted ceiling greatroom has expansive built-in bookcases around a gas log fireplace. Huge kitchen features granite tops, center island, ceramic tile floor and a butlers pantry. 1st floor master, lots of covered decking. Cul-de-sac lot. Neighborhood includes a pool, tennis and fitness center!

For more information on Wilmington, NC Real Estate click here!

Wilmington ranked no. 13 for business and careers

WILMINGTON, NC (WECT) - Lucky number 13 - for Wilmington, at least.

Forbes Magazine has ranked Wilmington the 13th best places in the nation for business and careers.

The rankings were based on the research from data on job growth over the past five years and projections through 2011.

Business and living cost data were also taken into account, in addition to income growth and migration trends.

North Carolina had several cities in the top ten including: Asheville at 6th, Durham in 3rd, and Raleigh took the number one spot for the third straight year.

Forbes reports that employment is expected to fall during 2009 in Raleigh after jobs were added at a 4% annual clip the past five years.

They say the job picture is expected to brighten in 2010 and 2011, and the three-year projected annual employment gain is 1.4%. according to Moody's Economy.com, 15th best in the country.

Mortgage Rates for 30 Year Drop To Record Low

U.S. mortgage rates fell to record lows again this week, feeding demand for refinancings, as a result of government efforts to reduce rates to levels that will help the hard-hit housing market begin to recover.

Interest rates on 30-year fixed-rate mortgages averaged 4.85 percent for the week ending March 26, down from the previous week's 4.98 percent.

The rate broke the previous record low of 4.96 percent set 10 weeks earlier, according to Freddie Mac.

The 30-year fixed-rate mortgage is the lowest since Freddie Mac started the Primary Mortgage Market Survey in 1971.

"The Federal Reserve's announcement that it intends to purchase Treasury securities over the next six months caused bond yields to drop and mortgage rates followed," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.