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Marvin NC Real Estate Market Report--April-June 2011

Marvin NC Real Estate Market Report—April-June 2011

Click here to see other Marvin NC real estate market reports, both updated and historical.

Marvin NC is a rural town in the northwestern part of Union County. Because of its low density development, Marvin doesn’t have very many home sales. During the second quarter of 2011, there were thirteen home sales. Although the median square footage of home sold in Marvin remained nearly the same as the first quarter of 2011, the median price dropped 11.2% in the second quarter. Median days on market increased nearly five-fold.

What do the second quarter 2011 numbers mean for Marvin buyers and sellers?

  • Sellers in Marvin will have to deal with declining values for their homes.
  • Buyers for properties in Marvin may be able to find more bargains in this small town’s real estate market.

Single Family Homes

Marvin Single Family HomesYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$731,250$573,270$570,000$585,804$520,000
Number of Homes Sold343039813
Median Days on Market33381186077

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Marvin Second Quarter 2011

The following neighborhoods had the most sales activity during the second quarter. Click on the neighborhood for more information and a list of homes for sale.

Marvin Creek

Weddington Chase

Copyright 2011. Carol Fox. Allen Tate Realtors. *Marvin NC Real Estate Market Report—April-June 2011*

Posted: Sunday, July 03, 2011 11:45 AM by Carol Fox

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