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Weddington NC Real Estate Market Report--2009

Weddington NC Real Estate Market Report—2009

Click here to see other Weddington NC real estate market reports, both updated and historical.

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

Weddington NC average real estate prices held up better in 2009 than most areas in Union County NC.  Average prices were down only 4% year-over-year.  Weddington saw 16% fewer sales in 2009 and sellers waited longer to sell their homes with average days on market up 35%.

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

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

Single Family Homes in Weddington NC

2008 Average Sales Price:  $628,610      2009 Average Sales Price:  $599,265    Year-to-Year Change:  -4%

2008 Number of Homes Sold:  73        2009 Number of Homes Sold:  61      Year-to-Year Change:  -16%

2008 Average Days on Market:  128        2009 Average Days on Market:  173      Year-to-Year Change:  +35%

Most Active Neighborhoods in Weddington NC 2009

The most active Weddington 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.

Highgate

Providence Woods

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

 

Posted: Wednesday, January 20, 2010 11:33 AM by Carol Fox

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