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

Weddington NC Real Estate Market Report—April-June 2011

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

Weddington NC is home to large lots and luxury neighborhoods. The real estate market in Weddington during the second quarter of 2011 improved over the first quarter. Twenty three homes sold during this time period compared with only 13 during the first quarter. The median sales price improved slightly over the first quarter. Median days on market declined 17.3% in the second quarter.

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

  • Sellers in Weddington may find the market improving as more buyers mean stabilizing prices and fewer days on market.
  • Buyers for properties in Weddington can still find bargains as median prices during the first half of 2011 have declined substantially from 2010 prices.

Single Family Homes

Weddington Single Family HomesYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$567,917$500,000$475,000$410,000$412,500
Number of Homes Sold7258901323
Median Days on Market3168103144119

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Weddington 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.

Highgate

Hadley Park

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

Posted: Monday, July 04, 2011 10:28 AM by Carol Fox

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