Buyers market or sellers market? This is the third in a
series about the Union
County NC real estate market. This post will examine the market in some of
Union County’s small towns to see who has a stronger negotiating position:
buyers or sellers?

In the first post, we looked at the Union County real estate market
as a whole. The first step was to determine how many months of supply
or market absorption rate the county had in the month of April 2012 as well as
the previous three, six and twelve months. A look at supply in each quarter
could help us spot trends over the past year.
We defined three types of markets as follows:
- Sellers Market Fewer than five month of supply
- Balanced Market Five to seven months of supply
- Buyers Market More than seven months of supply
We concluded that Union County as a whole has maintained an eight month
supply of inventory over each quarter of the past year. This is defined as a
buyers market.
Read more: Union
County NC—Buyers Market or Sellers Market?
In the second post, we analyzed the Union County real estate market
by price points to determine whether there were any price ranges where sellers
had the advantage. We determined that sellers with
homes priced under $200,000 were in a balanced market with 5.8 to 6.8 months of
supply over the past year. Buyers had the advantage in the other price ranges
with months of supply increasing as prices increased.
Read more: Union
County NC Best Price Points for Buyers and Sellers
In this post, we look at the market absorption rate in some of the
small towns in Union County. Where are the best places for buyers and
where do sellers have the advantage? The table below shows the results of the
analysis.
None of these small towns has a sellers market. Most of
them have a buyers market like Union County as a whole. Indian
Trail and Waxhaw have
balanced markets currently with a six month supply of housing in Waxhaw and a
five to six month supply in Indian Trail. Towns with the greatest housing
inventory like Weddington,
Marvin and
Wesley
Chapel also tend to have the higher priced homes. This is consistent with
the results found in our study of the various price points in Union County.
Trends over the past year show some improvement in Stallings and
Monroe but
deterioration in some of the higher-priced towns where more sellers in
the marketplace recently have apparently outpaced the number of buyers. Lake
Park, a modestly priced town, has seen its market absorption rate decline
over the past year.
| Union County |
1 Month |
3 Months |
6 Months |
12 Months |
| Months of Supply |
8.7 |
8.6 |
8.7 |
8.3 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
| Waxhaw |
|
|
|
|
| Months of Supply |
6.8 |
6.7 |
6.9 |
6.2 |
| Type of Market |
Balanced |
Balanced |
Balanced |
Balanced |
| Indian Trail |
|
|
|
|
| Months of Supply |
5 |
6.1 |
5.9 |
5.5 |
| Type of Market |
Balanced |
Balanced |
Balanced |
Balanced |
| Monroe |
|
|
|
|
| Months of Supply |
8.1 |
9.7 |
9.9 |
9.5 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
| Stallings |
|
|
|
|
| Months of Supply |
7.8 |
8.8 |
10.4 |
8.3 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
| Lake Park |
|
|
|
|
| Months of Supply |
14 |
10.7 |
6.6 |
1.1 |
| Type of Market |
Buyers |
Buyers |
Balanced |
Sellers |
| Wesley Chapel |
|
|
|
|
| Months of Supply |
12 |
7.8 |
9 |
9.7 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
| Weddington |
|
|
|
|
| Months of Supply |
10.3 |
10.3 |
8.7 |
7.3 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
| Marvin |
|
|
|
|
| Months of Supply |
13 |
13 |
11.8 |
7.8 |
| Type of Market |
Buyers |
Buyers |
Buyers |
Buyers |
Source: Carolina Multiple Listing Service
Copyright 2012. Carol Fox. Allen Tate Realtors *Union County NC
Small Towns—Buyers or Sellers Market?*
|
| Su | Mo | Tu | We | Th | Fr | Sa |
|---|
| 29 | 30 | 1 | 2 | 3 | 4 | 5 |
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | 1 | 2 |
| 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Jonathans Landing, Mint Hill
-
We invite everyone to visit our open house at 13927 Jonathans Ridge Road on
May 20
from 2:00 AM to 4:00 AM.
Property information
The Stevens Mill area in Stallings NC
is a great place to find a home whether you are looking for an
affordable place, a full brick home, a generous lot with mature trees or a golf
course community. Named after a family who operated a mill in the area, Stevens
Mill lies along Stevens Mill Road between Idlewild Road and Lawyers Road.
Idlewild and Lawyers Roads each have an interchange with I-485 within a mile of
Stevens Mill Road so access to other parts of Charlotte to
the north and south is very convenient. There are community shopping centers at
Lawyers and at Idlewild with grocery stores, restaurants, a bank, a car wash and
other service businesses.

2011 Market Update for Stevens Mill Area Neighborhoods
Except for Shannamara and Emerald Lake, the two golf course communities in
the area, Stevens Mill neighborhoods are small without many sales each year.
The 2011 real estate market will be described briefly below. Click on each
neighborhood for a link to an article with more information about the
neighborhood, its amenities, its builders, current homes for sale and the real
estate market from previous years.
Fairfield
Plantation
Fairfield Plantation was the first neighborhood built in the area. You’ll
find affordable brick homes built in the 1970s in this community. You can also
find new construction here as a builder recently began construction on available
lots. The neighborhood includes a swimming pool and other amenities.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on Market |
| 3 |
1883 |
$156,000 |
$138,800 |
97 |
Source: Carolina Multiple Listing Service
Hunley
Creek
Construction in Hunley Creek began in the 1980s. Lots in the neighborhood
range from a third acre to a half acre in size. Many of the homes are colonial
in style with hardboard siding. You can find ranches as well as two-story
homes. Full-brick homes are also available. Hunley Creek residents have a
swimming pool and clubhouse.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on Market |
| 4 |
2399 |
$214,000 |
$171,950 |
113 |
Source: Carolina Multiple Listing Service
Stevens
Mill
Stevens Mill is a small neighborhood of primarily full-brick homes that was
built in the early 1990s. Big lots with wide frontage allowed mature trees
around the homes to remain. Both ranches and two-story homes are found in the
neighborhood. Stevens Mill has a common area with a picnic shelter for
residents.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on Market |
| 5 |
1840 |
$231,342 |
$198,500 |
37 |
Source: Carolina Multiple Listing Service
Willowbrook
Willowbrook is adjacent to and shares the community clubhouse and swimming
pool with Hunley Creek. The neighborhood was built at the same time as Hunley
Creek and Stevens Mill but offered larger homes with upgraded features. Most
Willowbrook homes are full-brick homes. Large lots with trees and mature
landscaping are characteristic of this community as well.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on Market |
| 1 |
2503 |
$245,000 |
$245,000 |
421 |
Source: Carolina Multiple Listing Service
Emerald
Lake
Emerald Lake is one of the two golf course communities in the Stevens Mill
area. Its homes are built around the Emerald Lake Golf Club, a semi-private
course. The neighborhood was built in the 1990s up to the mid-2000s by several
custom builders and one production builder. The homes have brick and stone
exteriors and many are on the golf course. Residents have access to the
swimming pool at the Golf Club but do not have to purchase a membership in the
Golf Club.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on
Market |
| 1 |
4028 |
$363,000 |
$363,000 |
109 |
Source: Carolina Multiple Listing Service
Shannamara
Shannamara is a large neighborhood of approximately 700 homes. Many of its
homes are on The Divide golf course, a daily fee course. Like Emerald Lake,
Shannamara was built from the 1990s until the mid-2000s by both production and
custom builders. All of the homes have a brick front. Many are full brick.
Shannamara is a great place to find a ranch-style home. Community amenities
include two swimming pools, a clubhouse, tennis courts and a playground. There
is a private lake with homes ringing it in the neighborhood.
| Total 2011 Closed Sales |
Median Square Footage |
Top Closed Price |
Median Closed Price |
Median Days on Market |
| 29 |
3272 |
$465,000 |
$312,000 |
93 |
Source: Carolina Multiple Listing Service
Want to know more about real estate and living in Stallings
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Stevens Mill Area
Neighborhoods in Stallings NC—2011 Market Update*
Discover Windrow, one of Charlotte’s affordable equestrian
neighborhoods.

Built in the 1970s and 1980s and designed to be an equestrian
community, Windrow is a great Charlotte neighborhood
to find larger lots and mature trees and landscaping. Windrow is located in Matthews,
a small town on the southeastern edge of Charlotte. Loaded with small quiet
neighborhoods and a historic downtown, Matthews offers a farmers market, a
library, shopping and a variety of community festivals for Windrow
residents.
The first section of Windrow to be built was Windrow Estates where equestrian
trails wind through backyards. Farmhouse-style homes with big front porches are
numerous in Windrow Estates. Residents of this section have access to community
facilities, including a clubhouse and pools and a fishing lake.
Windrow II was the last section to be built in Windrow. Here the lots are
only a half acre in size and residents don’t have access to the community
facilities. There are no homeowners fees for Windrow II.

Windrow Homes for Sale
Click here to see Windrow
homes for sale.
Want to know what your Windrow home is worth? Click
here to receive a free market evaluation.
Windrow Real Estate Market
Five homes closed in Windrow in 2011. Three of those sales were foreclosures
causing the 2011 median sales price to be dramatically lower than previous
years.
Windrow Single Family Market
Update |
Closed Price Range |
Median Closed Price |
Home Sq. Ft. Range |
Median Days on Market |
Median List-to-Sale Ratio |
| Year 2011 |
$90,000-$190,000 |
$128,199 |
1689-2502 |
155 |
95% |
Source: Carolina Multiple Listing Service
| Windrow Sales Types |
Number of Closed Sales |
% of Closed Sales |
| Resale |
2 |
40% |
| New Construction |
n/a |
n/a |
| Foreclosure |
3 |
60% |
| Short Sale |
n/a |
n/a |
Source: Carolina Multiple Listing Service
Windrow Community Features
Location: Between Idlewild and Phillips Roads near Highway
51. Town of Matthews NC. Mecklenburg County NC. Zip Code 28105.
Builders: Squires Homes
Community Amenities: Windrow Homeowners Association, walking
trails and common areas, clubhouse, two swimming pools, playground, fishing
lake, equestrian trails.
Schools: Bain
Elementary, Mint
Hill Middle, Butler
High. School assignments are subject to change. Check
with the Charlotte-Mecklenburg Public Schools for current assignments.
Copyright 2012. Carol Fox. Allen Tate Realtors.
*Windrow—Neighborhood Information and Homes for Sale*
Downtown Matthews NC
will host the second annual Discover Matthews event on Saturday, May 12,
2012. Discover Matthews celebrates the town’s history and heritage
with a series of activities from 10am to 4pm.

Matthews has been very successful in preserving buildings and homes that
showcase its heritage. Its historic downtown appeals to those who visit or want
to live in a small town that reminds them of simpler times. Charming buildings
with restaurants and other enterprises give the immensely walkable downtown a
friendly feel and provide a wonderful backdrop for the many community festivals
throughout the year.
What can you discover about Matthews’ heritage on
Saturday?
- Visit the old Seaboard Railroad Depot to see artifacts from the days when
Matthews was an important railroad hub for the surrounding community.
- Trace your roots at the Matthews Library’s Genealogy Day.
- Learn about the future Matthews Heritage Museum at the Massey-Clark
House.
- Visit the Nancy Reid house to learn about the Matthews Historical
Foundation.
- Enjoy musical presentations at the Matthews Gazebo outside town hall.
- Take a walking tour of historic downtown Matthews.
- Enjoy an old-fashioned Strawberry Social at the Nancy Reid house.
Read more about historic homes and buildings in
Matthews.
Nancy
Reid House
Historic
Homes in Matthews
BD
Funderburk House
Matthews
Community Center
Want to know more about real estate and living in Matthews
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Matthews NC
History Takes Center Stage This Saturday*
The Union
County NC real estate market is in a buyers market with
approximately eight months of inventory on the market. This market
absorption rate has held steady for the past year. Click here to learn more
about how the market
absorption rate for Union County was calculated.

What is the market absorption rate for various price ranges within
the Union County real estate market? Is it possible to find price
points where sellers have more strength in negotiating offers and selling their
homes? Let’s analyze the Union County market by price range and see whether
buyers or sellers are stronger.
Remember that a sellers market has less than 5 months of
supply, a balanced market has 5 to 7 months of supply and a
buyers market has more than 7 months of supply.
Best Union County NC Price Points for Buyers and Sellers
The table below shows that Union County sellers priced below $200,000 are in
a balanced market with supply in the six month range. The trend over the past
six months appears to favor sellers as months of supply has been dropping.
The market swings to favor home buyers above $200,000. Between $200,000 and
$500,000, there are nine months of supply. In this price point, months of
supply has dropped slightly over the last six months. Buyers in the $500,000 to
$750,000 are in a very strong buyers market with the trend turning upward from a
little over 9 months of supply a year ago to almost two years of supply
currently. Perhaps greater activity in the spring of 2012 has encouraged more
sellers in this price point to put their homes on the market. The market above
$750,000 is still a buyers market although trends show that it has improved
recently.
| Market Activity |
1 Month |
3 Months |
6 Months |
12 Months |
| <$200,000 |
|
|
|
|
| Closed Sales |
111 |
300 |
568 |
1278 |
| Average Sales Per Month |
111 |
100 |
94.6 |
106 |
| Homes for Sale Currently |
648 |
648 |
648 |
648 |
| Months of Supply |
5.8 |
6.4 |
6.8 |
6.1 |
| $201,000-$500,000 |
|
|
|
|
| Closed Sales |
66 |
191 |
366 |
909 |
| Average Sales Per Month |
66 |
63.6 |
61 |
75.7 |
| Homes for Sale Currently |
614 |
614 |
614 |
614 |
| Months of Supply |
9.3 |
9.6 |
10 |
8.1 |
| $501,000-$750,000 |
|
|
|
|
| Closed sales |
5 |
23 |
63 |
149 |
| Average Sales Per Month |
5 |
7.6 |
10.5 |
12.4 |
| Homes for Sale Currently |
116 |
116 |
116 |
116 |
| Months of Supply |
23.2 |
15.2 |
11 |
9.3 |
| >$751,000 |
|
|
|
|
| Closed Sales |
10 |
22 |
44 |
100 |
| Average Sales Per Month |
10 |
7.3 |
7.3 |
8.3 |
| Homes for Sale Currently |
106 |
106 |
106 |
106 |
| Months of Supply |
10.6 |
14.5 |
14.5 |
12.7 |
Source: Carolina Multiple Listing Service
Want to know more about buying and selling real estate in
Union County NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Union County NC
Best Price Points for Buyers and Sellers*
Mothers will be the guests of honor at the Spring Fest in downtown
Waxhaw NC
this weekend.

Because Waxhaw’s annual spring festival falls on
Mother’s Day weekend this year, there will be special events for mom in addition
to the arts and crafts show and children’s activities.
Here is a list of some of the activities that mothers can enjoy with
their children.
- Princess Tea Party for mothers and daughters. May 12 10-11am Cost $5 per
person
- Mother and Son Ice Cream Social May 12 1-2pm Cost $5 per person
- Free gift making for mom (Mother’s Day card and paper flower bouquet) May
12 2:30-5:30pm
- Mommy Makeover Contest
- Fashion Show May 13 2-3:30pm
Everyone can enjoy the musical entertainment throughout the weekend.
Children will be treated to entertainment from a clown, a musician, a pirate and
the hula hoop lady. They can also spend time at the pony rides and the petting
zoo.
The 70 degree weather will be perfect for this festival that fills the main
street in historic downtown Waxhaw. Restaurants and shops will be open and the
sidewalks of this pretty town will be a great place to meet friends and
neighbors. Proceeds from ticket sales for the special events benefit the Museum
of the Waxhaws.
Click here to learn more about the Waxhaw
NC lifestyle.
Want to know more about real estate and living in Waxhaw
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Waxhaw NC Spring
Fest Honors Mothers This Weekend*
Question: Is the real estate market in Union
County NC a buyers market or a sellers market?

Answer: It depends. Whether buyers control the market or
sellers control the market depends on the location within the county and the
price range. A market absorption analysis will tell us how many months of
inventory are available for purchase. We can look at trends for the past month,
past three months, past six months and a full year to see if the market is
changing.
Defining A Buyers Market and a Sellers Market
Generally, local real estate markets are defined as a buyers market, a
balanced market and a sellers market. Months of supply on the market will
determine which category the market falls into. Here are accepted
definitions:
- Sellers Market Fewer than five month of supply
- Balanced Market Five to seven months of supply
- Buyers Market More than seven month of
supply
Union County Real Estate Market April 2011-April 2012
| Market Activity |
1 Month |
3 Months |
6 Months |
12 Months |
| Closed Sales |
169 |
513 |
1019 |
2145 |
| Average Sales Per Month |
169 |
171 |
169 |
178 |
| Homes for Sale Currently |
1485 |
1485 |
1485 |
1485 |
| Months of Supply |
8.7 |
8.6 |
8.7 |
8.3 |
Source: Carolina Multiple Listing Service
The table shows that Union County’s market absorption rate has remained
steady over the past year at eight months of supply. This means that the Union
County real estate market as a whole can be defined as a buyers market. What
this means for Union County buyers and sellers is that buyers may have a
stronger negotiating position when they purchase and sellers may have to give
ground on pricing and concessions.
Future posts will analyze different price points within Union County’s real
estate market as well as markets within its small towns.
Want to know more about buying or selling real estate in Union
County NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Union
County NC—Buyers Market or Sellers Market?*
Discover Barrington, an all brick neighborhood in one of Charlotte’s
quaint small towns.

Barrington is located in Waxhaw
NC, one of Charlotte’s
historic small towns in the southern part of the region. The neighborhood is
set among the horse farms, rolling hills and grand estates located along
Providence Road and Bonds Grove Road in Union
County. Quaint downtown Waxhaw is a short drive away where antiques and art
shops, a farmers market, restaurants and community festivals provide lively
meeting places for town residents. South Charlotte’s amenities and access to
I-485 are just ten to fifteen minutes away.
Barrington is a great neighborhood to find an all brick home at a reasonable
price. Construction began in the neighborhood in 2006. Today the neighborhood
is nearing completion. Pricing ranges into the mid-$300,000s for homes just
under 3000 square feet to over 4000 square feet.
Barrington residents can enjoy community amenities including two pools and
walking trails. Highly-regarded public schools are nearby.

Barrington Homes for Sale
Click here to see Barrington
homes for sale.
Want to know what your Barrington home is worth? Click
here to receive a free market evaluation.
Barrington Real Estate Market
Thirteen homes closed in Barrington in 2011. Almost 85% of those sales were
new construction.
Barrington Single Family Market
Update |
Closed Price Range |
Median Closed Price |
Home Sq. Ft. Range |
Median Days on Market |
Median List-to-Sale Ratio |
| Year 2011 |
$271,000-$339,000 |
$331,965 |
2811-3941 |
33 |
100% |
Source: Carolina Multiple Listing Service
| Barrington Sales Types |
Number of Closed Sales |
% of Closed Sales |
| Resale |
2 |
15.4% |
| New Construction |
11 |
84.6% |
| Foreclosure |
n/a |
n/a |
| Short Sale |
n/a |
n/a |
Source: Carolina Multiple Listing Service
Barrington Community Features
Location: Off Bonds Grove Church Road. Town of Waxhaw NC.
Union County NC. Zip Code 28173.
Builders: Shea Homes
Community Amenities: Barrington Homeowners Association,
walking trails and common areas, clubhouse, junior olympic pool, kiddie pool,
playground.
Schools: Sandy
Ridge Elementary, Marvin
Ridge Middle, Marvin
Ridge High. School assignments are subject to change. Check with the
Union County Public Schools for current assignments.
Copyright 2012. Carol Fox. Allen Tate Realtors.
*Barrington—Neighborhood Information and Homes for Sale*
This weekend you can join the celebration of Mint
Hill’s Scottish and Scots-Irish heritage at the 8th Annual
Highland Games. The clans will gather at Mint Hill Park on Friday
evening May 4th and Saturday May 5th. You can enjoy celtic musical
entertainment, highland athletic events, border collie demonstrations,
children’s activities and food. This year, there is no parking or entrance fee
to attend the event.

Friday events at the 2012 Highland Games include two hours of musical
entertainment starting at 7pm. At 9pm a torchlight ceremony marks the calling
of the clans. The gates open on Saturday at 9am and the athletic competitions
begin. Music and border collie demonstrations are offered throughout the day.
The Parade of Tartans is at noon. Gates close on Saturday at 5pm.
I attended the games last year and thoroughly enjoyed the music and the
interesting athletic events. Watching the Parade of Tartans with each of the
clans dressed in their family colors was a lot of fun.
Click on the link below to see photographs of the 2011 Mint Hill
Highland Games.
Mint
Hill NC Highland Games
Want to know more about real estate and living in Mint Hill
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Mint Hill NC
Scottish Heritage on Display at Highland Games*
Custom Ranch with Upstairs Suite
• 3 bath, 3 bdrm ranch "Upstairs bonus/suite"
-
MLS®
$315,000
Streamside of Matthews, Matthews
-
Discover this beautiful custom ranch home lovingly built with exquisite upgrades and attention to detail. You'll love the location in one of Matthews' mature wooded neighborhoods near the heart of its historic downtown.
A peaceful entry courtyard leads into a beautiful great room with stone fireplace, wood floors, bonus room overlook and a soaring cathedral ceiling with paddle fan. Arched openings to the formal dining room and beyond add character to the room.
Enjoy entertaining in the formal dining room that is separated from the great room by architectural columns. A tray ceiling and crown and chair rail with picture frame molding dress up this room.
The heart of the home is the kitchen with abundant cabinetry with pull-out drawers. Beautiful granite countertops and wood floors add warmth to this room. Stainless appliances include double ovens, a gas cooktop, a dishwasher and microwave.
Banks of windows in a bay fill the breakfast room with light. This room overlooking the backyard has plenty of space for a large table and extra furniture.
A sunroom offers more views of the wooded, private backyard. Outdoor living continues from this room to the patio outside. Wiring has been added at the back of the house for a future hot tub.
The main level master bedroom suite has French doors to a stamped concrete patio outside. In the master bath, double sinks are set into an adult height vanity with granite countertop. An alcove with columns and faux glass window holds a soaker tub with tile surround. A large walk-in tile shower with seat is adjacent to the tub.
Find versatile space upstairs where a bonus/loft room overlooks the great room. A second master suite upstairs could be a great place for a roommate, guests, or teens. This bedroom has a walk-in closet plus access to walk-in attic storage. You'll find the same quality upstairs as down in this home.
Property information
Mint Hill NC Real Estate Market Report—January-March 2012

How did the Mint Hill NC real estate market fare during the first
quarter of 2012 and how does it compare with previous years?
The tables below compare the Mint
Hill NC real estate market during the first quarter of 2012 with years 2008
through 2011. 35 single family homes closed in Mint Hill during the first
quarter of 2012. The highest priced single family home sale was $525,000.
Median days on the market were 84 days. There were 11 townhome or condominium
closings in Mint Hill during the quarter. All but one of these closings were in
Brighton Park.
Single Family Homes in Mint Hill NC
The median price of first quarter 2012 closings dropped over 15% compared to
2011 and was 42.1%% lower than the median closed price in 2008. The rate of
home sales during the quarter was lower than previous years with only 35 homes
closed. Median days on market in the first quarter increased slightly from
2011.
Single Family Homes
| Mint Hill Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
First Quarter 2012 |
| Median Sales Price |
$258,500 |
$218,495 |
$195,545 |
$177,000 |
$149,001 |
| Number of Homes Sold |
194 |
152 |
176 |
155 |
35 |
| Median Days on Market |
26 |
41 |
103 |
80 |
84 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Mint Hill NC
Almost 40% of all single family sales in Mint Hill during the first quarter
were distressed sales. The steep drop in median closed price is most likely due
to the large number of distressed sales.
| Mint Hill Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
15 |
42.8% |
| New Construction |
7 |
20% |
| Foreclosure |
9 |
25.7% |
| Short Sales |
4 |
11.5% |
Source: Carolina Multiple Listing Service
Want to know more about real estate and living in Mint
Hill NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Mint
Hill NC Real Estate Market
Report—January-March 2012*
Matthews NC Real Estate Market Report—January-March 2012

How did the Matthews NC real estate market fare during the first
quarter of 2012 and how does it compare with previous years?
The tables below compare the Matthews NC
real estate market during the first quarter of 2012 with years 2008 through
2011. 30 single family homes closed in Matthews during the first quarter of
2012. The highest priced single family home sale was $388,500. Median days on
the market were 120 days. There was one townhome or condominium closing
in Matthews during the quarter.
Single Family Homes in Matthews NC
The median price of first quarter 2012 closings dropped over 13% compared to
2011 and was 19.1% lower than the median closed price in 2008. The rate of home
sales during the quarter was lower than previous years with only 30 homes
closed. Median days on market in the first quarter increased slightly from
2011.
Single Family Homes
| Matthews Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
First Quarter 2012 |
| Median Sales Price |
$224,450 |
$198,000 |
$208,250 |
$210,000 |
$181,500 |
| Number of Homes Sold |
228 |
178 |
172 |
184 |
30 |
| Median Days on Market |
32 |
46 |
89 |
115 |
120 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Matthews NC
Eighty percent of first quarter sales in Matthews were market resales.
| Matthews Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
24 |
80% |
| New Construction |
1 |
3.3% |
| Foreclosure |
3 |
10% |
| Short Sales |
5 |
6.7% |
Source: Carolina Multiple Listing Service
Want to know more about real estate and living in Matthews
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors.
*Matthews NC Real Estate Market
Report—January-March 2012*
Union County NC Real Estate Market—January-March 2012

The median closed price of Union
County NC single family homes declined 7.4% in the first quarter of 2012
compared with all of 2011. The townhome/condominium price was slightly higher
in the first quarter than in 2011.
A total of 506 homes sold in January through March. Almost a third of these
sales were distressed sales, which most likely accounted for the decline in
single family prices. Median days on market declined for both single family
homes and townhomes.
Single Family Homes
| Union County NC Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
Quarter 1 Year 2012 |
| Median Sales Price |
$217,000 |
$195,000 |
$200,000 |
$189,000 |
$175,000 |
| Number of Homes Sold |
2372 |
2089 |
1992 |
2143 |
491 |
| Median Days on Market |
36 |
43 |
94 |
90 |
80 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums
| Union County NC Townhomes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
Quarter 1 Year 2012 |
| Median Sales Price |
$145,495 |
$131,000 |
$119,000 |
$113,500 |
$114,300 |
| Number of Homes Sold |
114 |
84 |
79 |
57 |
15 |
| Median Days on Market |
48 |
35 |
105 |
107 |
78 |
Source: Carolina Multiple Listing Service
Union County Types of Closed Sales
| Sales Type |
Number of Closed Sales |
Percentage of Closed Sales |
| Resales |
228 |
45% |
| New Construction |
112 |
22.1% |
| Foreclosures |
125 |
24.7% |
| Short Sales |
41 |
8.1% |
Source: Carolina Multiple Listing Service
Union County NC Small Town Price Changes from 2009 to
2011
What about the small towns in Union County? Which ones saw price declines in
the first quarter of 2012 and which ones had price increases? Four towns,
Wesley Chapel, ,Waxhaw, Lake Park and Indian Trail, saw price increases in
2011. These increases were hefty ranging from 8.9% to 12.6% with Wesley
Chapel’s increase the largest.
Median prices declined in the rest of Union
County’s small towns. Monroe and Stallings had the largest decreases of
22.7% and 15.7% respectively.
Single Family Homes
| Area |
2009 to 2010 Change |
Median 2011 Closed Price |
2010 to 2011 Change |
Quarter 1 2012 Closed Price |
2011 to Quarter 1 2012 Change |
| Union County |
+2.5% |
$189,000 |
-5.5% |
$175,000 |
-7.4% |
| Wesley
Chapel |
+12.8% |
$301,000 |
+0.6% |
$339,000 |
+12.6% |
| Monroe |
+4.9% |
$113,950 |
-10.9% |
$88,000 |
-22.7% |
| Stallings |
+2.1% |
$199,495 |
+1.1% |
$168,000 |
-15.7% |
| Marvin |
-0.5% |
$542,975 |
-4.7% |
$491,486 |
-9.4% |
| Waxhaw |
-2% |
$235,000 |
-7.6% |
$260,995 |
+11% |
| Lake
Park |
-3.6% |
$142,250 |
-13.7% |
$155,000 |
+8.9% |
| Weddington |
-5% |
$412,500 |
-13.1% |
$416,300 |
-0.9% |
| Indian
Trail |
-8.4% |
$155,597 |
+0.4% |
$173,000 |
+11.1% |
Source: Carolina Multiple Listing Service
Want to know more about real estate and living in Union County
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Union County NC
Real Estate Market—January-March 2012*
Monroe NC Real Estate Market Report—January-March 2012

How did the Monroe NC real estate market fare during the first
quarter of 2012 and how does it compare with previous years?
The tables below compare the Monroe
NC real estate market during the first quarter of 2012 with years 2008 through
2011. 69 single family homes closed in Monroe during the first quarter of
2012. The highest priced single family home sale was $294,000. Median days on
the market were 78 days. There were two townhome or condominium closings
in Monroe during the quarter.
Single Family Homes in Monroe NC
The median price of first quarter 2012 closings dropped almost 23% compared
to 2011 and was 37.8% lower than the median closed price in 2008. Median days
on market in the first quarter also declined from 2011.
Single Family Homes
| Monroe Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
First Quarter 2012 |
| Median Sales Price |
$141,500 |
$121,950 |
$128,000 |
$113,950 |
$88,000 |
| Number of Homes Sold |
248 |
200 |
173 |
234 |
69 |
| Median Days on Market |
38 |
48 |
83 |
91 |
78 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Monroe NC
Approximately 50% of first quarter sales in Monroe were distressed sales.
This high volume of foreclosures and short sales was likely responsible for the
large drop in the quarter’s median sales price.
| Monroe Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
33 |
47.8% |
| New Construction |
2 |
2.8% |
| Foreclosure |
30 |
43.4% |
| Short Sales |
4 |
6% |
Source: Carolina Multiple Listing Service
Want to know more about real estate and living in Monroe
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2012. Carol Fox. Allen Tate Realtors.
*Monroe NC Real Estate Market
Report—January-March 2012*