Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Riverlights - Del Webb, Wilmington
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In Riverlights - Del Webb, 1 in 2 homes listed didn't sell
In the last 12 months, 53 homes finished their time on the market in the Riverlights - Del Webb neighborhood in Wilmington: 27 sold and 26 did not — about 1 in 2. The ones that sold took a median of 85 days, counted from the first day listed, and closed at 95.8% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Riverlights - Del Webb, Wilmington over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
Priced right from day one: sold in a median 28 days. Needed price cuts: 108 days, and sold for 90.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,960 |
| Property taxes | $143 |
| Homeowners insurance | $250 |
| Upkeep | $466 |
| Utilities | $250 |
| About | $4,070 |
About $4,070 every month the home sits.
Listings that didn't sell stayed on the market a median of 140 days — roughly $18,700 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 6.95% (Freddie Mac average, 2026-09-17); New Hanover County rate 0.306 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
16%
5 of about 32 before closing
Those homes that later sold
40%
60% never sold
Sold vs. first ask after a fall-through
87.6%
vs. 95.9% on the first contract
Days to sell after a fall-through
134
vs. 85 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 41% · cash 52% · VA 4% · FHA 0%.
If you're selling
- Homes priced right from day one sold in a median of 28 days. Homes that needed price cuts took 108 days and sold for 90.8% of their first price.
- Waiting costs money. A $559,000 home runs about $4,070 a month to hold — roughly $18,700 over the time a typical unsold listing sat.
- About 1 in 6 contracts fell apart before closing. Homes that went back on the market sold for 87.6% of first asking, versus 95.9% for homes that closed on the first contract.
If you're buying
- 93% of homes sold below their first asking price — the first price is often a starting point.
- Homes that sit usually sit for a reason. Listings that didn't sell stayed on the market a median of 140 days.
Did you know?
- 52% of buyers paid cash, and 4% used VA loans.
- A year earlier, 37% of listings didn't sell; now it's 49%.
- When a contract fell apart, 60% of those homes never sold at all.
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For sellers
Listings that didn't sell
49%
up 12.1 pts from a year ago
26 expired, withdrawn or canceled vs 27 sold
Sold vs. first asking price
95.8%
down 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
93%
share of homes that sold
Price cut on homes that didn't sell
1.2%
median — and they still didn't sell
For buyers
True days on market
85
up 32 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
27%
of listings that didn't sell the first time
Median sold price
$559K
up 3.1% from a year ago
27 homes sold
The last 20 months
80% latest month · Aug 26
12 latest month · Aug 26
99.1% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $400–500K | 5 | 8 | 62% | 52 | 98.3% |
| $500–750K | 18 | 16 | 47% | 125 | 94.2% |
| $750K–1M | 4 | 2 | 33% | 10 | 98.1% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated September 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000