Champion Forest in Wesley Chapel NC--2010 Real Estate Market Update
Champion Forest in Wesley Chapel NC—2010 Real Estate Market Update
Where is a great neighborhood to find custom full-brick homes on half acre lots in the Wesley Chapel NC and Waxhaw NC area? Take a look at Champion Forest off Cuthbertson Road. Although located within Wesley Chapel, the neighborhood is equidistant from the two small towns. Wonderful shopping areas and restaurants are available in each of these towns. Union County’s newest high and middle schools, Cuthbertson Senior and Middle, are within a half mile of Champion Forest.
Built in the early 2000s, Champion Forest homes feature extensive hardwood flooring and beautiful millwork. The neighborhood has a community pool and a network of walking trails throughout the community.
How did the 2010 real estate market in Champion Forest compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The number of single family homes sold 6 sales in 2009 to 8 sales in 2010.
Champion Forest Real Estate Market Comparison
Single Family Homes
Median prices declined 1.2% in 2010 while median square footage 9.9%. Median days on market more than tripled and the median list to sale ratio decreased to 95%.
Champion Forest
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $386,200 | 4217 | 32 | 98% |
| Year 2010 | $381,250 | 3797 | 115 | 95% |
Source: Carolina Multiple Listing Service
Champion Forest Types of Closed Sales
Over 62% of the sales in Champion Forest in 2010 were market resales. Foreclosures and short sales accounted for the remaining 3 sales. There is no new construction in the neighborhood.
| Champion Forest Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 5 | 62.5% |
| New Construction | n/a | n/a |
| Foreclosure | 1 | 12.5% |
| Short Sale | 2 | 25% |
Source: Carolina Multiple Listing Service
Read more about Champion Forest, its community amenities, builders and public schools: Champion Forest in Wesley Chapel NC: Homes for Sale and Neighborhood Profile.
Champion Forest Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Champion Forest in Wesley Chapel NC—2010 Real Estate Market Update*