Farmwood in Mint Hill NC--2010 Real Estate Market Update
Farmwood in Mint Hill NC—2010 Real Estate Market Update
Farmwood is a large Mint Hill NC neighborhood that was built from the mid-1970s into the 1990s. A variety of home styles and large wooded lots characterize the neighborhood. The neighborhood wraps around Pine Lake County Club giving some lots golf course views. There are no homeowners association dues in Farmwood.
How did the 2010 real estate market in Farmwood compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Twenty two homes sold in 2010 compared with 15 in 2009.
Farmwood Real Estate Market Comparison
The number of homes sold increased substantially in 2010 but median priced dropped 7.2%. The median heated area of 2010 sales increased 2.8% indicating that Farmwood sellers were receiving less for their homes. The median list to sale ratio remained steady at 94%. the 2010 Farmwood market was healthy with only four foreclosures. The remaining homes were market resales.
Single Family Homes
Farmwood
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $215,000 | 2441 | 41 | 94% |
| Year 2010 | $199,500 | 2510 | 106 | 94% |
Source: Carolina Multiple Listing Service
Farmwood Types of Closed Sales
| Farmwood Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 18 | 81.8% |
| New Construction | n/a | n/a |
| Foreclosure | 4 | 18.2% |
| Short Sale | n/a | n/a |
Source: Carolina Multiple Listing Service
Read more about Farmwood, its community amenities, builders and public schools: Farmwood in Mint Hill NC: Homes for Sale and Neighborhood Profile
Farmwood Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Farmwood in Mint Hill NC—2010 Real Estate Market Update*