Emerald Lake in Stallings NC--2010 Real Estate Market Update
Emerald Lake in Stallings NC—2010 Real Estate Market Update
Picture your next home with views of a beautiful golf course. If this is your vision, you will want to take a look at Emerald Lake in Stallings NC where the Emerald Lake golf course winds through the neighborhood. Custom and semi-custom brick and stone luxury homes give Emerald Lake a lot of appeal. The neighborhood location is ideal. A community shopping center with grocery store, gas station, and restaurants is nearby. An interchange with I-485 is within two miles of Emerald Lake making access to Charlotte workplaces and amenities easy.
How did the 2010 real estate market in Emerald Lake compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Eight single family homes sold in the neighborhood in 2010 compared with 13 in 2009.
Emerald Lake Real Estate Market Comparison
Single Family Homes
Median prices declined 1.5% in 2010 while median square footage dropped 8.2%. This means that Emerald Lake homes were selling for slightly more dollars per square foot in 2010. Median days on market more than tripled and the median list to sale ratio decreased to 95%.
Emerald Lake
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $365,000 | 3744 | 47 | 96% |
| Year 2010 | $359,250 | 3436 | 140 | 95% |
Source: Carolina Multiple Listing Service
Emerald Lake Types of Closed Sales
Over 62% of the sales in Emerald Lake in 2010 were market resales. Foreclosures and short sales accounted for the remaining 3 sales. There is no new construction in the neighborhood.
| Emerald Lake Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 5 | 62.5% |
| New Construction | n/a | n/a |
| Foreclosure | 2 | 25% |
| Short Sale | 1 | 12.5% |
Source: Carolina Multiple Listing Service
Read more about Emerald Lake, its community amenities, builders and public schools: Emerald Lake in Stallings NC: Neighborhood Profile and Homes for Sale
Emerald Lake Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Emerald Lake in Stallings NC—2010 Real Estate Market Update*