Olde Sycamore in Mint Hill NC--2010 Real Estate Market Update
Olde Sycamore in Mint Hill NC—2010 Real Estate Market Update
Olde Sycamore is built around Old Sycamore Golf Plantation, a well-regarded golf course built in 1997 and renovated in 2007. Homes on the golf course and homes with golf course views can be found in the neighborhood. Located in Mint Hill NC, Olde Sycamore lies in both Mecklenburg and Union Counties. Construction continues today in the Union County section of the neighborhood.
How did the 2010 real estate market in Olde Sycamore compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Eighteen single family homes sold in the neighborhood in 2010 compared with 10 in 2009.
Olde Sycamore Real Estate Market Comparison
Single Family Homes
Median home prices increased 4.3% from 2009 to 2010. Median home square footage also increased by 14.5% indicating that Olde Sycamore homes were selling for less on a square foot basis in 2010. Median days on market quadrupled in 2010.
Olde Sycamore
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $282,000 | 3043 | 35 | 95% |
| Year 2010 | $294,900 | 3485 | 134 | 96% |
Source: Carolina Multiple Listing Service
Olde Sycamore Types of Closed Sales
Foreclosures and short sales accounted for over 44% of Olde Sycamore sales in 2010. Resales were nearly 39% of sales with the remainder new construction.
| Olde Sycamore Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 7 | 38.8% |
| New Construction | 3 | 16.6% |
| Foreclosure | 4 | 22.3% |
| Short Sale | 4 | 22.3% |
Source: Carolina Multiple Listing Service
Read more about Olde Sycamore, its community amenities, builders and public schools: Olde Sycamore in Mint Hill NC: Homes for Sale and Neighborhood Profile
Olde Sycamore Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Olde Sycamore in Mint Hill NC—2010 Real Estate Market Update*