Marvin NC Real Estate Market Report--July-September 2011
Marvin NC Real Estate Market Report—July-September 2011
The median sales price in Marvin
NC recovered in the third quarter rising 5.1% over second quarter numbers. The
third quarter median sales price of $546,900 remained below the first quarter
and 2010 median prices. Nineteen homes sold in the third quarter increasing 46%
over the second quarter. Median days on market dropped to 58 days.
What do the third quarter 2011 numbers mean for Marvin NC buyers and
sellers?
- Sellers in Marvin are seeing lower prices than in 2010.
- Housing remains more affordable for buyers in Marvin than recent
years.
Single Family Homes
| Marvin Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$731,250 |
$573,270 |
$570,000 |
$585,804 |
$520,000 |
$546,900 |
| Number of Homes Sold |
34 |
30 |
39 |
8 |
13 |
19 |
| Median Days on Market |
33 |
38 |
118 |
60 |
77 |
58 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Marvin 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.
Marvin
Creek
Weddington
Chase
Firethorne
Copyright 2011. Carol Fox. Allen Tate Realtors. *Marvin NC Real
Estate Market Report—July-September 2011*