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Stallings NC Real Estate Market Report--July-September 2011

Stallings NC Real Estate Market Report—July-September 2011

The number of single family homes sold in Stallings during the third quarter of 2011 increased 8% but the median sales price dropped 7.2% from the second quarter. Median days on market declined to 110 days.

Only two townhomes sold during the third quarter. The median sales price of these homes was higher than any time period since 2009. Median days on market were 110 days.

What do the third quarter 2011 numbers mean for Stallings NC buyers and sellers?

  • Single family home sellers in Stallings saw a downward pressure on home prices during the quarter while townhome sellers saw an improvement.
  • Buyers can find affordable housing in Stallings with great access to Charlotte amenities.

 

Single Family Homes

Stallings Single Family Homes Year 2008 Year 2009 Year 2010 Quarter 1 Year 2011 Quarter 2 Year 2011 Quarter 3 Year 2011
Median Sales Price $227,490 $193,000 $197,165 $199,495 $194,000 $180,000
Number of Homes Sold 161 125 95 14 24 32
Median Days on Market 34 38 85 74 163 110

Source: Carolina Multiple Listing Service

Townhomes and Condominiums

Stallings Townhomes and Condos Year 2008 Year 2009 Year 2010 Quarter 1 Year 2011 Quarter 2 Year 2011 Quarter 3 Year 2011
Median Sales Price $148,300 $135,000 $118,000 $118,000 $98,873 $133,625
Number of Homes Sold 18 18 10 2 2 2
Median Days on Market 47 47 123 63 160 110

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Stallings NC Third Quarter 2011

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

Shannamara

Copyright 2011. Carol Fox. Allen Tate Realtors. *Stallings NC Real Estate Market Report—July-September 2011*

Posted: Monday, October 3, 2011 2:42 PM by Carol Fox

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