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Marvin NC Real Estate Market Report--Year 2011

Marvin NC Real Estate Market Report—Year 2011

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

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

The tables below compare the Marvin NC real estate market for years 2008 through 2011. 54 single family homes closed in Marvin in 2011. The highest priced single family home sale was $807,000. Median days on the market were 78 days.

Single Family Homes in Marvin NC

The 2011 median sales price dropped 4.7% over the median price in 2010. Median prices have dropped every year since 2008 with 2011 prices 25.7% lower than in 2008. More homes sold in Marvin in 2011 with sales units up 27.7%.

Single Family Homes

Marvin Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $731,250 $573,270 $570,000 $542,975
Number of Homes Sold 34 30 39 54
Median Days on Market 33 38 118 78

Source: Carolina Multiple Listing Service

Types of Closed Sales in Marvin NC

New construction and market resales accounted for almost 80% of all sales in 2011. Distressed sales were approximately 20% of the market.

Marvin Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 36 66.6%
New Construction 7 12.9%
Foreclosure 4 7.6%
Short Sales 7 12.9%

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Marvin—Year 2011

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

Weddington Chase Marvin Creek Firethorne

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

Posted: Thursday, January 19, 2012 5:21 PM by Carol Fox


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