The Face of Wilmington is Changing...Fast!!!
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12/4/2007
Wilmington is not the sleepy coastal town and beach area that it was even ten years ago. It has succumbed to the ever increasing residential real estate development of the coast. Traffic is increasing and the accident rating of the area is the highest in the state. Property values have stabilized somewhat after a meteoric rise in 2005-2006 and with them the property taxes and insurance rates have adjusted upwards as well. Residential development is the driving force in the area. This is all being done to lure new residents (primarily well funded) from the North and Midwest. There are plenty of houses available at $500,000 and up but very little at more reasonable values (<$300,000). Local government is doing very little to create and or attract new jobs, particularly for young professionals. The local joke is that Wilmington has the best educated restaurant serving staff, as most of them are graduates of UNCW who want to stay in the area but are unable to find decent positions. If you come here not needing to work to meet your obligations, Wilmington is the place for you. If you are relocating and need to find a good job to make it work, you might want to reconsider.
Jerome | Wilmington, NC