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Blackstone in Wesley Chapel NC--2010 Real Estate Market Update

Blackstone in Wesley Chapel NC—2010 Real Estate Market Update

Blackstone is a Wesley Chapel NC area neighborhood of full brick homes on large lots. Located in unincorporated Union County, Blackstone is adjacent to the Wesley Chapel Town Center. Blackstone residents can shop at Target, two grocery stores, several banks, a gas station and various restaurants. Homes in Blackstone are typically larger than 3000 square feet and many have three-car garages.

How did the 2010 real estate market in Blackstone compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Eight homes sold in the neighborhood in 2010 compared with only three in 2009.

Blackstone Real Estate Market Comparison

Single Family Homes

Median closed prices in Blackstone showed a dramatic drop in 2010. This drop is likely due to the small number of sales in the neighborhood and the fact that two out of the three sales were distressed properties. Median days on market tripled in 2010 while the list-to-sale ratio remained steady at 95%.

Blackstone
Single Family Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $402,370 3760 25 95%
Year 2010 $350,000 4100 76 95%

Source: Carolina Multiple Listing Service

Blackstone Types of Closed Sales

Blackstone Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 1 33.3%
New Construction n/a n/a
Foreclosure 1 33.3%
Short Sale 1 33.3%

Source: Carolina Multiple Listing Service

Read more about Blackstone, its community amenities, builders and public schools: Blackstone in Wesley Chapel NC: Homes for Sale and Neighborhood Profile

Blackstone Homes for Sale

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Copyright 2011. Carol Fox. Allen Tate Realtors. *Blackstone in Wesley Chapel

Posted: Monday, June 13, 2011 2:56 PM by Carol Fox

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