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Weddington NC Real Estate Market Report--April-June 2010

Weddington NC Real Estate Market Report—April-June 2010

How did the Weddington NC real estate market fare during the second quarter of 2010 and how did it compare with 2009? 

The average sales price in Weddington NC during the second quarter 2010 dropped 4% from the average sales price in the first quarter 2010 and 3% from 2009 average prices.  The number of homes sold doubled in the second quarter over the first quarter and average days on market dropped 43%.

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 the first and second quarter of 2010.

Single Family Homes in Weddington NC

2009 Average Sales Price:  $599,265   January-March 2010 Average Sales Price:  $602,450    June-April 2010 Average Sales Price:  $577,382  

2009 Number of Homes Sold:  61       January-March 2010 Number of Homes Sold:  14    June-April 2010 Number of Homes Sold:  29

2009 Average Days on Market:  173    January-March 2010 Days on Market:  196   June-April 2010 Days on Market:  110  

Most Active Neighborhoods in Weddington NC

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—April-June 2010*

 

Posted: Sunday, July 25, 2010 3:47 PM by Carol Fox

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