Hunter Oaks in Marvin NC--2010 Real Estate Market Update
Hunter Oaks in Marvin NC—2010 Real Estate Market Update
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 Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $350,000 | 3182 | 49 | 95% |
| Year 2010 | $331,000 | 3113 | 67 | 96% |
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 Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 30 | 90.9% |
| New Construction | n/a | n/a |
| Foreclosure | 2 | 6% |
| Short Sale | 1 | 3.1% |
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
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Hunter Oaks in Marvin NC—2010 Real Estate Market Update*