Weddington NC Real Estate Market Report--Year 2010
Weddington NC Real Estate Market Report—Year 2010
How did the Weddington NC real estate market fare during 2010 and how did 2010 market activity compare with 2009 and 2008?
The tables below compare the Weddington NC real estate market for years 2008 through 2010. 90 single family homes closed in Weddington in 2010. The highest priced single family home sale was $2,275,000. The median list to sale ratio in 2010 was 94%.
Single Family Homes in Weddington NC
The median sales price in Weddington declined each year from 2008. This decline most likely reflects the large number of luxury homes in the Weddington marketplace. Pricing for these homes reset during this time because of the recession. The median price in 2010 was off 16.3% from 2008. The number of homes sold decreased from 2008 to 2009 but shot up 55% from 2009 to 2010. More buyers found more bargains in Weddington in 2010. Median days on the market were up 51% from 2009.
| Weddington Single Family Homes | Year 2008 | Year 2009 | Year 2010 |
| Median Sales Price | $567,917 | $500,000 | $475,000 |
| Number of Homes Sold | 72 | 58 | 90 |
| Median Days on Market | 31 | 68 | 103 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Weddington NC
The most active Weddington NC neighborhoods in 2010 are listed below. Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 and 2010 real estate activity and to search for current homes for sale.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Weddington NC Real Estate Market Report—Year 2010*