What's Happening this Weekend In Wilmington, NC

Lots going on this weekend in Wilmington NC and the local beaches:

FREE SUMMER CONCERT SERIES HEATS UP KURE BEACH FEATURING
BLIND LEMON PLEDGE

This Friday, plan on bringing your blankets and lawn chairs so the whole family can boogie the night away to the sounds of Blind Lemon Pledge. Entering its ninth year, the Free Summer Concert Series brings you an evening of quality entertainment that is sure to please the entire family right down to the youngest ones. So be sure to pack a picnic and head down to the Fort Fisher Air Force Recreation Area in Kure Beach for an evening of free family fun. Concerts starts at 6:30 PM, but come early and enjoy the cool river breezes...food and beverages will be available for purchase, so relax...grab a cold one...and kick-off your shoes and your weekend on beautiful Pleasure Island.

This concert brings to a close the 2010 Free Summer Concert Series - another successful joint-venture with theTown Of Kure Beach and the Pleasure Island Chamber Of Commerce. Remember to join us next year as webegin our tenth year of our Summer Series.

The Harlem Globe trotters are in town to play some games tonight and tomorrow night at CFCC Downtown campus. Money raised will go toward Cape Fear Scholarships. MeadowLark Lemon - The most famous Globetrotter of all is from Wilmington and he will be here to play. Game starts at 7 pm..

Carolina Beach Farmers Market is tomorrow and is around the Lake. Lots of fresh veggies and fruits from 9 - 1 pm.

The Wilmington Farmers Market is at Riverfront Park from 9 -1 pm.

School Starts Today In Wi mington NC and local BEACHEsS

Schools buses began their rounds today as schools in Wilmington, NC, New Hanover county started 2010-2011 season. With schools starting parents may be looking for after school activities for kids. Here are a few of them:

The Y Pool on S. College has 10 passes for $ 30.00. It is still warm enough to swim and if you don't want to hit the beach after school this is an alternative.

You could go to the Paint N Play Ceramic Studio for the artist in your family. On 1021 South Kerr Ave, you can paint your own pottery in the studio.

The Children's Museum of Wilmington has a Fetch Challenge today from 3:30 to 3:30. Check their website for more information and lots more activities for after school and toddler classes. http://www.playwilmington.org/.

WILMINGTON, NC - STATUS MARKET - JULY 2010

Strong buyers market continues...

Due to the First Time Home Buyer increase in sales, a lot of these sales were pushed up and people that might have been planning to buy in July moved up their purchase to coincide with the tax credit. In the month of July we saw a decrease of 125 homes in our listing inventory, we have 5,604 homes on the market as of August 1st. This continues to put us in a strong buyer’s market with a listing inventory of over a 16.0 month supply. With the low sales in July this affects our month supply with a change of 5 months from last month. Our average list price has stayed below the $400,000 range for eleven months; we are currently at $377,052. In July we saw a decrease in our seller concessions, it is now 21.7%. Our average days on the market are 121. This is the first monthly decline in the number of homes sold when compared to previous year. The number of sold homes is down 32.3% from last month and down 22.2% from July 2009. Last month we had 517 sold units and this month only 350 sold units, last year in July we had 450 sold units.

In July we saw our first decrease in listing inventory of 125 units. We are about 204 units over August 1, 2009. We have 5,604 single family homes for sale in our MLS. The average list price of $377,052 is down by $3,515 from last month. The average list price has decreased by 8.1% from August 1, 2009.

Market Absorption rate – The number of homes sold in July, 350 divided by the current listing inventory, 5,604 gives us an 16.0 month supply of single family homes. This increased by 5.0 months from last month. We need to get this inventory back under 12 months. With rates where they are and plenty of inventory; we can get this number down.

Mortgage rates are the historically lowest they have been. The 30-year fixed-rate mortgage (FRM) averaged 4.44% with an average 0.7 points for the week ending August 12, 2010. We are now hitting historic lows in mortgage rates. Call me so I can show you or your clients how they can get the benefit of these rates. Information supplied by David Flory of Cunningham Mortgage.

According to David:

Despite all the media comments about our markets we are still lending money for residential mortgages. If a client has income and credit and some sort of down payment; they can get a mortgage. It goes to the basic three C’s – Capacity, Collateral and Character.

David Flory NMLS #91592

Mortgage Consultant
Cunningham & Company Mortgage Bankers
910-352-8273 cell
910-313-0045 office

Weird Happenings on Intracoastal Waterway and Masonboro Island, NC

Kinda crazy question if you don’t know what Masonboro Island is? It is a nature conservancy that is a series of islands in the middle of the Intracoastal waterway just south of Wrightsville Beach. People go to sun, go to surf on the ocean side of the island, relax with friends or swim in the Intracoastal.
I have a friend who sets out crab traps near Masonboro and if she is lucky dinner is waiting when she paddles out to see what is caught in her trap.

These guys on this boat travel all over the Intracoastal with their floating bar. You can get right on this boat and get a drink ( if you are of age – of course) and enjoy a little cruise while sipping your favorite drink. Yes they did have to show off and flash me (top only) when I snapped their picture one day while doing an open house at Wrightsville Beach. But this is one of the unique things you will find here- a floating drinking hole right in the middle of Intracoastal Waterway.

The REEF SWEETWATER SURF COMPETITION AT WRIGHTSVILLE BEACH

The Reef Sweetwater Surf Competition was held at Wrightsville Beach several weeks ago. Crowds love the high caliber of surfing at the show.
Surfers from many states and coasts attended and some of the best in the country and our best local competitors took part.
The neatest part was that the production of the event was a “green event”. The event was run on Solar Power – how cool.. Lots of people lounged on the beach while the best local and national surfers worked their magic. Even young kids 7 on up participated. The day was overcast so the sun did not beat down on the competitors and spectators. It was a great sporting event to watch.

What's Happening This Weekend in Wilmington, Nc and Local Beaches

Carolina Beach Boat basin is pictured on the left. This Weekend in CB you can attend the Friday Night Band concert at the Boardwalk. Also there is the Farmers Market on the Lake from 9 -1 pm.

On Sunday at the Boardwalk is the movie - " Cloudy with a chance of Meatballs". It is almost like going to a drive in movie in the old days. Kids love these outdoor movies.

The Wilmington Downtown Riverwalk is pictured on the right.

You can go to the Downtown Sundown Series Band - tonite there is the Breakfast Club tribute band at 7pm.

Downtown also has its usual Farmers Market on the Riverwalk on Saturday from 9 to 1 .

All kinds of farmers attend and bring everything from flowers to meat and fish for taste and purchase.

Don't forget the Beaches - Wrightsville , Carolina and Kure Beach... Great ways to spend your weekends and escape the summer heat.