Mint Hill NC Real Estate Market Report--January-March 2011
Mint Hill NC Real Estate Market Report—January-March 2011
Median home prices in Mint Hill NC tumbled during the first quarter of 2011 compared with 2010 prices. Single family median prices were off 15.6% while townhome prices dropped 12.8%. The highest home sale price during the quarter was $409,000 for single family homes and $150,000 for the townhomes. Thirty five single family homes and six townhomes were sold in Mint Hill during the quarter. Median days on market dropped for single family homes but increased for townhomes.
What do the first quarter 2011 numbers mean for Mint Hill buyers and sellers?
- Mint Hill sellers face a continued downward pressure on home pricing. First quarter buyers were looking for homes in the lower price ranges.
- Buyers for properties in Mint Hill may be able to find the best pricing and values for many years.
Single Family Homes
| Mint Hill Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 |
| Median Sales Price | $258,500 | $218,495 | $195,545 | $165,000 |
| Number of Homes Sold | 194 | 152 | 176 | 35 |
| Median Days on Market | 26 | 41 | 103 | 80 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums
| Mint Hill Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 |
| Median Sales Price | $212,040 | $213,495 | $151,990 | $132,445 |
| Number of Homes Sold | 5 | 4 | 18 | 6 |
| Median Days on Market | 30 | 131 | 94 | 120 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Mint Hill NC First Quarter 2011
The following neighborhoods had the most sales activity during the first quarter. Click on the neighborhood for more information and a list of homes for sale.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Mint Hill NC Real Estate Market Report—January-March 2011*