Union County NC Real Estate Market--July-September 2011
Union County NC Real Estate Market—July-September 2011
The single family real estate market in Union
County NC showed a lower median sales price and fewer sales in the third
quarter versus the second quarter. The median sales price, however, was higher
than the first quarter as were the number of sales. Days on market increased
slightly to 93 days.
The median sales price for townhomes and condominiums remained stable in the
third quarter at $115,000. The number of sales has been stable as well all
year. Days on market increased to 128 days.
Single Family Homes
| Union County NC Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$217,000 |
$195,000 |
$200,000 |
$175,000 |
$205,000 |
$190,000 |
| Number of Homes Sold |
2372 |
2089 |
1992 |
399 |
633 |
587 |
| Median Days on Market |
36 |
43 |
94 |
108 |
80 |
93 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums
| Union County NC Townhomes |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$145,495 |
$131,000 |
$119,000 |
$93,000 |
$114,000 |
$115,000 |
| Number of Homes Sold |
114 |
84 |
79 |
16 |
17 |
17 |
| Median Days on Market |
48 |
35 |
105 |
113 |
112 |
128 |
Source: Carolina Multiple Listing Service
Union County NC Small Town Price Changes from 2009, 2010 to Third
Quarter 2011
What about the small towns in Union County? Which ones saw price declines in
the second quarter and which ones had price increases? Prices in Union
County, as a whole, dropped 5% when comparing the third quarter median price
with the 2010 median closed price. Each of the small towns saw comparative
price declines in the third quarter. Weddington and Monroe had the sharpest
declines while Marvin and Waxhaw saw the least declines.
Single Family Homes
| Area |
2009 to 2010 Change |
Median 2010 Closed Price |
Quarter 3 Year 2011 Median Closed Price |
2010 to 2011 Change |
| Union County |
+2.5% |
$200,000 |
$190,000 |
-5% |
| Wesley
Chapel |
+12.8% |
$299,000 |
$275,000 |
-8% |
| Monroe |
+4.9% |
$128,000 |
$110,000 |
-14% |
| Stallings |
+2.1% |
$197,165 |
$180,000 |
-8.7% |
| Marvin |
-0.5% |
$570,000 |
$554,900 |
-2.8% |
| Waxhaw |
-2% |
$254,597 |
$250,000 |
-1.8% |
| Lake
Park |
-3.6% |
$165,692 |
$150,000 |
-9.4% |
| Weddington |
-5% |
$475,000 |
$369,000 |
-22.3% |
| Indian
Trail |
-8.4% |
$154,900 |
$149,000 |
-3.8% |
Source: Carolina Multiple Listing Service
Copyright 2011. Carol Fox. Allen Tate Realtors. *Union County NC
Real Estate Market—July-September 2011*