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Stallings NC Real Estate Market Report--2009

Stallings NC Real Estate Market Report—2009

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

The 2009 Stallings NC real estate market reflected the market in Charlotte and surrounding areas.  Single family average sales prices were down about thirteen percent from 2008, an indication that first time home buyers dominated the marketplace.  The 2009 Stallings NC market for condominiums and townhomes was more stable than than the single family market.  Prices were off only 5% and there was no change in the number of sales.  Time on the market increased for Stallings sellers with days on market up 36% for single family homes and up 98% for condominiums and townhomes.

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

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

Single Family Homes in Stallings NC

2008 Average Sales Price:  $241,823      2009 Average Sales Price:  $208,519    Year-to-Year Change:  -13%

2008 Number of Homes Sold:  159        2009 Number of Homes Sold:  125      Year-to-Year Change:  -21%

2008 Average Days on Market:  83        2009 Average Days on Market:  113      Year-to-Year Change:  +36%

Townhomes and Condominiums in Stallings NC

2008 Average Sales Price:  $145,383      2009 Average Sales Price:  $137,890     Year-to-Year Change:  -5%

2008 Number of Homes Sold:  18          2009 Number of Homes Sold:  18       Year-to-Year Change:  no change

2008 Average Days on Market:  60      2009 Average Days on Market:  119     Year-to-Year Change:  +98%

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Stallings NC 2009

The most active Stallings 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.

Kerry Greens

Chestnut Oaks

Shannamara

Callonwood

Emerald Lake

Arlington Downs

Wendover at Curry Place

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

Posted: Thursday, January 14, 2010 2:13 PM by Carol Fox

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