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Weddington NC Real Estate Market Report--Year 2011

Weddington NC Real Estate Market Report—Year 2011

Click here to see other Weddington NC real estate market reports, both updated and historical.

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

The tables below compare the Weddington NC real estate market for years 2008 through 2011. 89 single family homes closed in Weddington in 2011. The highest priced single family home sale was $1,275,000. Median days on the market decreased to 89 days.

Single Family Homes in Weddington NC

The 2011 median sales price dropped 13.1% from 2010. It has tumbled 27.3% since 2008. The number of homes sold in 2011 was roughly the same as in 2009.

Single Family Homes

Weddington Single Family HomesYear 2008Year 2009Year 2010Year 2011
Median Sales Price$567,917$500,000$475,000$412,500
Number of Homes Sold72589089
Median Days on Market316810389

Source: Carolina Multiple Listing Service

Types of Closed Sales in Weddington NC

New construction sales were only 11.2% of all 2011 Weddington sales. Distressed sales accounted for approximately 25% of all sales.

Weddington Sales TypesNumber of Closed SalesPercentage of Closed Sales
Resale5764%
New Construction1011.2%
Foreclosure1415.7%
Short Sales89.1%

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Weddington—Year 2011

Click on each neighborhood below to get more information about the community and to see homes for sale.

Wellington WoodsStratford on ProvidenceStratford HallProvidence Woods
Lake Forest PreserveHighgateHadley Park

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


Posted: Wednesday, January 18, 2012 2:53 PM by Carol Fox

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