Weddington NC Real Estate Market Report--July-September 2011
Weddington NC Real Estate Market Report—July-September
2011
The number of homes sold in Weddington
NC during the third quarter of 2011 increased by 47.8% but the median sales
price dropped 10.5% to $369,000. Days on market improved to three months.
What do the third quarter 2011 numbers mean for Weddington NC buyers
and sellers?
- Sellers in Weddington are seeing a downward pressure on pricing in 2011.
- Housing remains more affordable for buyers in Weddington than recent
years.
Single Family Homes
| Weddington Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$567,917 |
$500,000 |
$475,000 |
$410,000 |
$412,500 |
$369,000 |
| Number of Homes Sold |
72 |
58 |
90 |
13 |
23 |
34 |
| Median Days on Market |
31 |
68 |
103 |
144 |
119 |
90 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Weddington 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.
Highgate
Hadley Park
Providence
Woods
Copyright 2011. Carol Fox. Allen Tate Realtors. *Weddington NC Real
Estate Market Report—July-September 2011*