Surprise! This Tiny Beach Town Has the Hottest Real Estate Market in the Country
Apparently, everyone wants a taste of small town beach life.
Common sense might tell you that cities with the hottest real estate markets are bound to be larger, with tons of jobs and a soaring population (Hi, San Francisco).
But according to a new report, the city that’s predicted to welcome the most newcomers in Q3 of 2018 (relative to its population) is the small North Carolina port city of Wilmington.
To create the report, real estate information firm ATTOM Data Solutions recently analyzed 131 metropolitan areas with at least 100,000 single-family homes. Based on data from mortgage applications, they were able to predict the average ratio of homes likely to be sold in the area. The Wilmington area is predicted to have the most churn, followed by Colorado Springs, Manchester, New Hampshire, Chicago, and Washington, D.C.
“North Carolina has become a popular destination particularly for baby boomers who are at or near retirement,” Daren Blomquist, a senior vice president at ATTOM, told Realtor.com.
Related: Plan the Perfect Weekend in Wilmington:
With its winning combination of city fun and beachy relaxation, it makes sense that the Southern port city in particular would lure retirees (and everyone else). Home to three barrier island beaches, Wilmington is a hub for watersports, from kayaking to surfing. And with a rich history and thriving river district (not to mention a growing food scene), there’s plenty to do on dry land, too.
If you want to make this Southern charmer your home, real estate here is relatively affordable, with a median home price of $280,000 but plenty of options coming in below $200k. Now, who’s ready to hop on the Wilmington bandwagon? * hand raised high *