Marvin NC Real Estate Market Report--April-June 2011
Marvin NC Real Estate Market Report—April-June 2011
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 Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $731,250 | $573,270 | $570,000 | $585,804 | $520,000 |
| Number of Homes Sold | 34 | 30 | 39 | 8 | 13 |
| Median Days on Market | 33 | 38 | 118 | 60 | 77 |
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*