Weddington NC Real Estate Market Report--January-March 2011
Weddington NC Real Estate Market Report—January-March 2011
Thirteen homes sold in Weddington NC during the first quarter of 2011. The median price of $410,000 represented a 15.7% drop from the median price in 2010. The highest priced Weddington home in the first quarter sold for $975,000. Median days on market increased almost 40% from 2010.
What do the first quarter 2011 numbers mean for Weddington buyers and sellers?
- Pricing for Weddington NC sellers continues to decline and days on market continues to increase.
- Buyers for properties in Weddington can find the best values in years.
Single Family Homes
| Weddington Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 |
| Median Sales Price | $567,917 | $500,000 | $475,000 | $410,000 |
| Number of Homes Sold | 72 | 58 | 90 | 13 |
| Median Days on Market | 31 | 68 | 103 | 144 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Weddington 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.
Highgate
Copyright 2011. Carol Fox. Allen Tate Realtors. *Weddington NC Real Estate Market Report—January-March 2011*