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Weddington NC Real Estate Market Report--Year 2015 First Half

Weddington NC Real Estate Market Report—Year 2015  First Half 

How did the Weddington NC real estate market fare in the first half of 2015 and how does it compare with previous years?  The tables below compare the Weddington NC real estate market from 2008 through 2015.  The results of the tables are explained in the frequently asked questions that follow.  Click here to search Weddington NC homes for sale.

 

How many homes sold in Weddington in 2015?

There were 62 single family closings in the first half of 2015. 

Were home prices up or down in 2015?

At $478,500, the median closed price was 8.8% lower than 2014. 

How long were Weddington homes on the market in 2015? 

Median days on market last year was 122, about the same at 2014.  

What was the Weddington condominium and townhome market like in 2015?

There are no condominiums or townhomes in Weddington.

Were distressed sales a big factor in the 2015 market?

Distressed sales continued to decline in 2015 representing about 5% of the marketplace.

Were there many new homes built in Weddington in 2015?

New home construction accounted for a third of the market.

What were the top selling neighborhoods in the first half of 2015?

 Lake Providence, Lake Forest Preserve, and Highgate were the most active neighborhoods.

Single Family Homes in Weddington NC

Weddington Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011 Year 2012 Year
2013
Year 2014 Year 2015 First Half
Median Sales Price $567,917 $500,000 $475,000 $412,500 $415,000 $456,000 $525,000 $478,500
Number of Homes Sold 72 58 90 89 100 108 107 62
Median Days on Market 31 68 103 89 79 75 123 122

Source: Carolina Multiple Listing Service

Types of Closed Sales in Weddington NC

Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 37 59.6%
New Construction 21 33.8%
Foreclosure 3 4.8%
Short Sales 1 1.8%

Source: Carolina Multiple Listing Service

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

Search for homes in Weddington NC by clicking the links below. Search results may include properties outside the Town of Weddington.

$100,000-$300,000

$300,000-$500,000

$500,000-$750,000

$750,000+

Want to know more about real estate and living in Weddington NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2015.  Carol Fox.  Weddington NC Real Estate Agent.  Allen Tate Realtors.  *Weddington NC Real Estate Market Report—Year 2015 First Half*

Posted: Thursday, July 30, 2015 12:18 PM by Carol Fox

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