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Hunter Oaks in Marvin NC--2010 Real Estate Market Update

Hunter Oaks in Marvin NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Hunter Oaks.

Hunter Oaks is a large neighborhood of several distinct villages built on both sides of Rea Road.  It is located in unincorporated Union County NC between Marvin NC and Weddington NC.  The neighborhood has great access to shopping, restaurants and I-485 in South Charlotte.

How did the 2010 real estate market in Hunter Oaks compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Thirty three homes sold in the neighborhood each year. 

 

Hunter Oaks Real Estate Market Comparison

Single Family Homes

The median closed price in Hunter Oaks dropped 5.4% in 2010.  The median square footage of homes was similar for both years indicating that homes sold for somewhat less in 2010.  Median days on market increased 36.7% while the median list to sale ratio improved to 96%.

Hunter Oaks
Single Family Market Update
Median Closed PriceMedian Home Square FootageMedian Days on MarketMedian List to Sale Ratio
Year 2009$350,00031824995%
Year 2010$331,00031136796%

Source:  Carolina Multiple Listing Service

Hunter Oaks Types of Closed Sales

The 2010 market in Hunter Oaks was relatively healthy with over 90% of homes market resales.  Foreclosures and short sales accounted for the remaining sales.

Hunter Oaks Sales TypesNumber of Closed SalesPercentage of Closed Sales
Resale3090.9%
New Constructionn/an/a
Foreclosure26%
Short Sale13.1%

Source:  Carolina Multiple Listing Service 

Read more about Hunter Oaks, its community amenities, builders and public schools: Hunter Oaks in Marvin NC:  Homes for Sale and Neighborhood Profile

Hunter Oaks Homes for Sale

Click here to see Hunter Oaks homes for sale.

Ever wonder what your Hunter Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Hunter Oaks in Marvin NC—2010 Real Estate Market Update*

Posted: Wednesday, June 1, 2011 2:47 PM by Carol Fox

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