Olde Sycamore in Mint Hill NC Real Estate Market Report--2011 Year-to-Date Review
Olde Sycamore in Mint Hill NC Real Estate Market Report—2011
Year-to-Date Review
Olde Sycamore is a golf course community located in both Mecklenburg County
and Union
County NC. The Town of Mint
Hill NC has annexed all of the neighborhood homes in both counties. A
large community, Olde Sycamore wraps around Olde Sycamore Golf Plantation, a
highly regarded golf course built in 1997 and renovated in 2007. The
neighborhood contains a variety of homes and price points. Construction in Olde
Sycamore is nearly complete.
Olde Sycamore Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Olde
Sycamore can be found in the tables below. What can Olde Sycamore buyers and
sellers learn from these statistics?
- Sellers have less competition from new construction as it is nearly
complete. The median price dropped in 2011 but the size of the homes sold also
dropped substantially reflecting the fact that less new construction sold.
- Buyers who want to live in a golf course community will find that Olde
Sycamore is a very affordable choice.
Olde Sycamore Real Estate Market Comparison
Single Family Homes
Olde Sycamore
Single Family Market Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$282,000 |
3043 |
35 |
95% |
| Year 2010 |
$294,900 |
3485 |
134 |
96% |
| YTD 2011 |
$253,500 |
2802 |
102 |
96% |
Source: Carolina Multiple Listing Service
Olde Sycamore Types of Closed Sales
Seventy five percent of the 2011 sales were resales. The neighborhood had no
foreclosures and only one short sale.
| Olde Sycamore Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
9 |
75% |
| New Construction |
2 |
16.6% |
| Foreclosure |
n/a |
n/a |
| Short Sale |
1 |
8.4% |
Source: Carolina Multiple Listing Service
Read more about Olde Sycamore, its community amenities, builders
and public schools: Olde
Sycamore in Mint Hill NC: Homes for Sale and Neighborhood
Profile
Olde Sycamore Homes for Sale
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here to see Olde Sycamore homes for sale.
Ever wonder what your Olde Sycamore home is worth?
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here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Olde Sycamore in
Mint Hill NC Real Estate Market Report—2011 Year-to-Date Review*