Cureton in Waxhaw NC--2010 Real Estate Market Update
Cureton in Waxhaw NC—2010 Real Estate Market Update
A 4000 square foot amenity center with water park and community lake welcomes you to Cureton, a walkable mixed use neighborhood in Waxhaw NC. The neighborhood includes a community shopping center with a grocery, restaurants and banks. This 380-acre Waxhaw neighborhood includes both single family homes and townhomes. New construction is ongoing in Cureton. Resale homes are available as well.
How did the 2010 real estate market in Cureton compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The 2010 real estate market in Cureton was very similar to the 2009 market. Forty one single family homes sold in the neighborhood compared with 40 in 2009. The median closed price was down slightly in 2010 as was the median square footage of the single family homes sold. Median days on market nearly quadrupled in 2010 but this may be an indication that builder inventory homes took longer to sell.
Cureton townhomes were larger and sold for less money in 2010, indicating falling prices. Median prices were off 4.4% in 2010. Like the single family homes, median days on market increased dramatically. The median list to sale ratio for townhomes was 93%.
Cureton Real Estate Market Comparison
Single Family Homes
Cureton
Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $253,821 | 2909 | 20 | 97% |
| Year 2010 | $246,835 | 2826 | 109 | 96% |
Source: Carolina Multiple Listing Service
Townhomes
| Cureton Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $154,675 | 1295 | 3 | 94% |
| Year 2010 | $147,835 | 1388 | 110 | 93% |
Source: Carolina Multiple Listing Service
Cureton Types of Closed Sales
Over sixty percent of the homes closed in Cureton in 2010 were new construction. This was true of both single family homes and townhomes. Almost 25% of the single family home sales and nearly 38% of the townhome sales were foreclosures or short sales. Accordingly, resale sellers faced very stiff competition for homebuyers in 2010.
| Cureton Sales Types Single Family | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 4 | 9.7% |
| New Construction | 27 | 65.8% |
| Foreclosure | 7 | 17% |
| Short Sale | 3 | 7.5% |
Source: Carolina Multiple Listing Service
| Cureton Sales Types Townhomes | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 0 | 0 |
| New construction | 5 | 62.5% |
| Foreclosure | 2 | 25% |
| Short Sale | 1 | 12.5% |
Source: Carolina Multiple Listing Service
Read more about Cureton, its community amenities, builders and public schools: Cureton in Waxhaw NC: Homes for Sale and Neighborhood Profile.
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Cureton in Waxhaw NC—2010 Real Estate Market Update*