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Stallings NC Real Estate Market Report--Year 2011

Stallings NC Real Estate Market Report—Year 2011

How did the Stallings NC real estate market fare during 2011 and how did 2011 market activity compare with the previous three years?

The tables below compare the Stallings NC real estate market for years 2008 through 2011. 88 single family homes and 12 townhomes closed in Stallings in 2011. The highest priced single family home sale was $465,000. The highest priced townhome sale was $147,250. Median days on the market increased to 113 for single family homes and 91 for townhomes.

Single Family Homes in Stallings NC

The median sales price in Stallings improved slightly 2011 over 2009 and 2010 prices but remains 12.3% below the 2008 median price. The number of homes sold has declined each year since 2008.

Single Family Homes

Stallings Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $227,490 $193,000 $197,165 $199,495
Number of Homes Sold 161 125 95 88
Median Days on Market 34 38 85 113

Source: Carolina Multiple Listing Service

Townhomes and Condominiums in Stallings NC

The number of townhome sales in Stallings was slightly above sales in 2010. The median sales price has continued to slide each year since 2008.

Townhomes and Condominiums

Stallings Townhomes and Condos Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $148,300 $135,000 $118,000 $114,000
Number of Homes Sold 18 18 10 12
Median Days on Market 47 47 123 99

Source: Carolina Multiple Listing Service

Types of Closed Sales in Stallings NC

Most 2011 sales in Stallings were resales. Only 16% were distressed sales.

Stallings Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 82 82%
New Construction 2 2%
Foreclosure 9 9%
Short Sales 7 7%

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Stallings NC

The most active Stallings NC neighborhoods in 2011 are listed below. Click on the links to see homes for sale and more information about the neighborhood.

Buckingham Callonwood
Chestnut Oaks Fairhaven
Shannamara Arlington Downs

Source: Carolina Multiple Listing Service

Copyright 2012. Carol Fox. Allen Tate Realtors. *Stallings NC Real Estate Market Report—Year 2011*


Posted: Tuesday, January 10, 2012 6:02 PM by Carol Fox

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