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Mint Hill NC Real Estate Market Report--2009

Mint Hill NC Real Estate Market Report—2009

How did the Mint Hill NC real estate market fare in 2009 and how did it compare with 2008? 

The 2009 Mint Hill NC real estate market reflected the market in Charlotte and surrounding areas.  Single family average sales prices were down about sixteen percent from 2008, an indication that first time home buyers dominated the marketplace.  Average prices for Mint Hill condominiums and townhomes rose 27% in 2009 although only four units sold.  Time on the market increased for Mint Hill sellers with days on market up 15% for single family homes and up 83% for condominiums and townhomes.

Mint Hill NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Mint Hill NC for single family homes and condos/townhomes for 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Mint Hill NC

2008 Average Sales Price:  $296,011      2009 Average Sales Price:  $246,025    Year-to-Year Change:  -16%

2008 Number of Homes Sold:  191        2009 Number of Homes Sold:  147      Year-to-Year Change:  -23%

2008 Average Days on Market:  99        2009 Average Days on Market:  114      Year-to-Year Change:  +15%

Townhomes and Condominiums in Mint Hill NC

2008 Average Sales Price:  $220,611      2009 Average Sales Price:  $282,247     Year-to-Year Change:  +27%

2008 Number of Homes Sold:  5          2009 Number of Homes Sold:  4        Year-to-Year Change:  -20%

2008 Average Days on Market:  96      2009 Average Days on Market:  176     Year-to-Year Change:  +83%

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Mint Hill NC 2009

The most active Mint Hill NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

Brighton Park

Farmwood

Portofino

Oxfordshire

Summerwood

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Mint Hill NC Real Estate Market Report—2009*

Posted: Thursday, January 7, 2010 6:15 PM by Carol Fox

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