Fairfax North Wilmington Market Report: A Comprehensive Overview

Nestled in the heart of North Wilmington, Fairfax stands as a testament to the vibrant real estate dynamics of the area. Over the past year, this neighborhood has painted a picture of stability and desirability, making it a focal point for potential homeowners and real estate enthusiasts alike. Today, let's dive deep into the latest market report for Fairfax, providing key insights that reflect the numbers and the stories behind them. Whether you're a resident, prospective buyer, or simply intrigued by North Wilmington's real estate landscape, this analysis offers valuable perspectives. Share this with someone who calls Fairfax home, or keep it for your market knowledge enrichment.

Fairfax: A Snapshot of the Past Year

Fairfax has 814 houses and represents the broader trends of North Wilmington neighborhoods. Over the past year, 26 homes found new owners, resulting in a turnover rate of just over 3%. While this figure might seem modest, it aligns with the standard turnover rates observed across North Wilmington, indicating a steady market.

Sales Highlights

The highest sale recorded was an impressive $570,000, while the lowest was $210,000 for a property that needs work. The median sale price was $410,000, with properties spending an average of only five days on the market before being sold. This brisk market activity underscores the high demand and quick decision-making that characterizes Fairfax's real estate scene, offering a spectrum of possibilities catering to diverse preferences and investment thresholds.

Final Thoughts

As we look back, it's clear that Fairfax stands as a testament to the enduring appeal of North Wilmington. Our neighborhood's journey through the year reflects a market that's as dynamic as it is dependable. It's a place where every sale tells a story, and every home holds a promise.

Let's Chat, Dream, and Discover Together!

Now, we turn the page to you. What do these stories stir in you? Do you see reflections of your dreams in the Fairfax market, or are there surprises waiting in the numbers? Share your thoughts, your questions, and your neighborhood wishlist with us. Drop us a line at hello@loftteamde.com or light up the comments below. Your insights and dreams fuel our journey, guiding us to our next neighborhood exploration.

Fairfax is more than a market report; it's a community narrative. Whether you're here to stay, planning your arrival, or simply dreaming from afar, you're a part of the Fairfax story. Let's keep weaving this tale together, one home, one dream, at a time.