Weddington Chase in Marvin NC--2010 Real Estate Market Update
Weddington Chase in Marvin NC—2010 Real Estate Market Update
Click here for an update to the 2011 real estate market in Weddington Chase.
Weddington Chase at the intersection of Providence Road and New Town Road in Marvin NC is a neighborhood of luxury homes on half acre and acre lots. A landscaped parkway leads to the neighborhood amenity center with clubhouse, pool and tennis courts.
How did the 2010 real estate market in Weddington Chase compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Sixteen single family homes sold in the neighborhood in 2010 compared with 12 in 2009.
Weddington Chase Real Estate Market Comparison
Single Family Homes
The median sales price dropped 8.4% in 2010 while the median square footage dropped only 1.9%. On a per square foot basis, Weddington Chase homes were selling for more in 2010 than in 2009.
Weddington Chase
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $535,750 | 4652 | 56 | 96% |
| Year 2010 | $490,365 | 4563 | 93 | 85% |
Source: Carolina Multiple Listing Service
Weddington Chase Types of Closed Sales
The 2010 market in Weddington Chase was relatively healthy with 75% of total sales as market resales. Foreclosures and short sales accounted for 25% of the total.
| Weddington Chase Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 12 | 75% |
| New Construction | n/a | n/a |
| Foreclosure | 3 | 18.7% |
| Short Sale | 1 | 6.3% |
Source: Carolina Multiple Listing Service
Read more about Weddington Chase, its community amenities, builders and public schools: Weddington Chase in Marvin NC: Homes for Sale and Neighborhood Profile
Weddington Chase Homes for Sale
Click here to see Weddington Chase homes for sale.
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Weddington Chase in Marvin NC—2010 Real Estate Market Update*