Highgate in Weddington NC Real Estate Market Report--2011 Year-to-Date Review
Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date
Review
Beautiful stone gates announce your arrival in Highgate, a Weddington
NC neighborhood just minutes from the interchange of I-485 and Providence Road.
A wooded and landscaped entry road winds through this luxury neighborhood of
upscale homes of stone and brick. Large heavily wooded lots ensure privacy for
Highgate homeowners.
Highgate Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Highgate
can be found in the tables below. What can Highgate buyers and sellers learn
from these statistics?
- Thirty percent of the sales year-to-date in Highgate have been
foreclosures. The foreclosures plus the fact that smaller homes have sold in
2011 most likely account for the downward trend of the median closed price in
the neighborhood. The 2011 median price is off nearly 30% from 2010 while the
median square footage is only off 17.4%.
- With prices trending downward, now is a great time for buyers to consider a
purchase in this luxury neighborhood.
Single Family Homes
Highgate
Market Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$890,000 |
5514 |
77 |
90% |
| Year 2010 |
$1,035,000 |
5661 |
198 |
88% |
| YTD 2011 |
$725,000 |
4673 |
149 |
91% |
Source: Carolina Multiple Listing Service
Highgate Types of Closed Sales
| Highgate Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
9 |
69.2%% |
| New Construction |
n/a |
n/a |
| Foreclosure |
4 |
30.8% |
| Short Sale |
n/a |
n/a |
Source: Carolina Multiple Listing Service
Read more about Highgate, its community amenities, builders and
public schools: Highgate
in Weddington NC—Homes for Sale and Neighborhood Profile
Highgate Homes for Sale
Click
here to see Highgate homes for sale.
Ever wonder what your Highgate home is worth?
Click
here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Highgate in
Weddington NC Real Estate Market Report—2011 Year-to-Date Review*