Union County Real Estate Talk

Mint Hill NC Open House--13927 Jonathans Ridge Road on Sunday, May 20

Don't miss this beautiful home in a wooded setting.  Visit the open house on Sunday May 20th from 2:00pm to 4:00pm.

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Custom Mint Hill Home in Magnificent Wooded Setting

Overview Maps Photos Features Description Open House

$300,000 Single Family Home Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Lot: 0.86 acre(s) Location 13927 Jonathans Ridge Road Mint Hill, NC 28227 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Carol S. Fox Allen Tate Realtors (704) 905-3935 carol.fox@atcmail.com http://carolinasmalltownliving.com   Listed by: Allen Tate Company

Nearby properties for sale

Buyers market or sellers market in Union County NC?  In a previous post, we looked at the market absorption rate for Union County and concluded that the real estate market for the county as a whole has been a buyers market for the past year.  Click here to read more about Union County's market absorption rate.

With many parts of the country reporting that sellers markets have returned, we should ask whether sellers' fortunes have improved in any segments of the Union County real estate market.  Let's look at various price points within the market to see if we can find any part of the market favorable to sellers.

Remember that a sellers market is defined as fewer than 5 months of supply, a balanced market as 5 to 7 months of supply and a buyers market as over 7 months of supply.  Union County's supply of inventory has been a 8 months for the past year.

Analyzing the numbers for various price points we find the following:

• Under $200,000             Balanced market of 5 to 6 months
• $201,000 to $500,000    Buyers market of 9 to 10 months
• $501,000 to $750,000    Buyers market of 15 to 23 months
• Over $750,000               Buyers market of 10 to 14 months

If you are a Union County NC home seller with a home under $200,000, you are in a fairly good position with a balanced market.  For other sellers in the county, buyers still have a stronger position.

Click here to see all the numbers for the various price points within the Union County NC real estate market.

Want to know more about buying and selling real estate in Union County NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2012.  Carol Fox.  Allen Tate Realtors.  *Some Union County NC Sellers Find Real Estate Market Improving*

Wesley Oaks, a Charlotte neighborhood with a rural setting and great access to community amenities.

Do you like the idea of living in an area where you can enjoy open spaces and picturesque horse farms?  But you worry that living in an area with a country atmosphere will mean that you’ll have a long drive to the grocery store and other shopping and services.  You can have both at Wesley Oaks, a Charlotte neighborhood located in the Wesley Chapel area of Union County.

The Wesley Oaks neighborhood is adjacent to the Wesley Chapel Commons shopping center where you can find two grocery stores, restaurants, a Target and a number of other shops.  Wesley Oaks homes were built on lots of approximately a half acre making it a neighborhood that doesn’t feel crowded.  The neighborhood has a community center with pool for residents.

Click the link below to get more information about Wesley Oaks, its builders, its community amenities, the 2011 real estate market, and its schools.

Wesley Oaks—Neighborhood Information and Homes for Sale

Click here to see Wesley Oaks homes for sale.

Click here to receive a free market evaluation of your Wesley Oaks home.

Want to know more about other Charlotte neighborhoods?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2012.  Carol Fox.  Allen Tate Realtors. *Charlotte Neighborhoods—Wesley Oaks*

Buyers Market or Sellers Market in Union County NC?

Who's on top in the Union County real estate market? Buyers or sellers?

Before we can answer that question, we need to understand how a buyers market and a sellers market are defined.  The generally accepted definition is based on the supply of housing available versus the demand for it.  The number of closed sales per month for a given time period is divided into the number of homes currently listed to reach a number that shows how many months of housing supply are available.

A sellers market has fewer than five months of supply.

A balanced market has five to seven months of supply.

A buyers market has more than seven months of supply.

An analysis of the Union County NC real estate market shows that the county as a whole has maintained an eight month supply of homes.  That's a buyers market and buyers have a stronger position in the current market.

See all the numbers for Union County by clicking on the link below.

Union County NC--Buyers Market or Sellers Market?

It's important to remember that there may be areas within Union County or certain price points that are more balanced or perhaps tipping into a sellers market.  These areas will be explored in future posts.

Want to know more about buying and selling real estate in Union County NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2012.  Carol Fox.  Allen Tate Realtors.  *Buyers Market or Sellers Market in Union County NC?*

The First Quarter 2012 Union County NC Real Estate Market—Four Facts

It's time to look at the real estate market in Union County NC and to assess how home buyers and home sellers fared during the first quarter of 2012.

Here are four facts about the Union County marketplace in January to March 2012.

• The median closed price for single family homes declined 7.4% compared with 2011 to a median price of $175,000.
• The median closed price for townhomes and condominiums remained nearly the same as the 2011 price.
• Approximately a third of all home sales were distressed sales.
• Almost a quarter of all home sales were new construction.

What do these four facts mean for Union County NC buyers and sellers?

1. Union County home sellers face declining prices from the pressure of the large number of distressed sales.
2. Union County home buyers will find the county real estate market more affordable than ever.
3. Home builders are back in Union County offering new home opportunities for buyers and competition for sellers of resale homes.

Want to learn more about the real estate market in Union County NC and see all the numbers for each of the past four years?  Click on the link below.

Union County NC Real Estate Market Report—January-March 2012

Copyright 2012. Carol Fox. Allen Tate Realtors. *The First Quarter 2012 Union County NC Real Estate Market—Four Facts*

Matthews NC Homes for Sale--1009 Jerry Lane

Do you need a home with one-level living plus a separate suite for an in-law, a roommate or guests?  If so, check out this stunning custom-built home on a quiet, private cul-de-sac near historic downtown Matthews NC.

Matthews NC Custom Ranch with Two Master Suites

Overview Maps Photos Description Matthews NC Lifestyle Neighborhood

$315,000 Single Family Home Main Features 3 Bedrooms 3 Bathrooms Lot: 0.37 acre(s) Location 1009 Jerry Lane Matthews, NC 28105 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Carol S. Fox Allen Tate Realtors (704) 905-3935 carol.fox@atcmail.com http://carolinasmalltownliving.com   Listed by: Allen Tate Company

Nearby properties for sale

The First Quarter 2012 Waxhaw NC Real Estate Market—Three Facts

It's time to look at the real estate market in Waxhaw NC and to assess how home buyers and home sellers fared during the first quarter of 2012.

Here are three facts about the Waxhaw marketplace in January to March 2012.

• The median closed price in Waxhaw in the first quarter was $260,999, higher than any year since 2009.
• Seventy five homes sold in Waxhaw during the first quarter, a pace higher than previous years.
• Almost 50% of first quarter sales were new construction with only 14% distressed sales.

What do these three facts mean for Waxhaw buyers and sellers?

1. Waxhaw offers plentiful opportunities for buyers who wish to purchase a new home.
2. The high number of new home sales combined with the relatively lower number of distressed sales is the most likely reason for the substantially higher median sales price.
3. Sellers of resale homes in Waxhaw need to ensure that the condition and price of their homes is competitive with the new homes.

Want to learn more about the real estate market in Waxhaw and see all the numbers for each of the past four years?  Click on the link below.

Waxhaw NC Real Estate Market Report—January-March 2012

Copyright 2012. Carol Fox. Allen Tate Realtors. *The First Quarter 2012 Waxhaw NC Real Estate Market—Three Facts*

The First Quarter 2012 Weddington NC Real Estate Market—Three Facts

It's time to look at the real estate market in Weddington NC and to assess how home buyers and home sellers fared during the first quarter of 2012.

Here are three facts about the Weddington marketplace in January to March 2012.

• The median closed price in the first quarter was $416,300, an amount slightly above the median price in 2011 but lower than previous years.
• Median days on market was 89, the same as 2011.
• New construction and market resales accounted for over 90% of all Weddington sales during the first quarter.

What do these three facts mean for Weddington buyers and sellers?

1. Although lower than in 2008-2012, median prices in Weddington have remained stable from 2011 through the first quarter of 2012.
2. Sellers may be experiencing a bottoming of the market in Weddington.
3. Weddington prices remain very affordable for buyers compared to years prior to 2011.
4. The relatively low number of distressed sales may contribute to a stabilization of Weddington prices.

Want to learn more about the real estate market in Weddington and see all the numbers for each of the past four years?  Click on the link below.

Weddington NC Real Estate Market Report—January-March 2012

Copyright 2012. Carol Fox. Allen Tate Realtors. *The First Quarter 2012 Weddington NC Real Estate Market—Three Facts*

The Matthews Community Farmers Market opened for the 2012 spring and summer season last Saturday morning.  Established in 1991, this farmers market is a great place to meet neighbors and friends and just have a good time shopping for local produce.

Watch the video below to learn more about the Matthews Community Farmers Market. 

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

Copyright 2012.  Carol Fox.  Allen Tate Realtors.  *Video Tour of Matthews Community Farmers Market*

 The First Quarter 2012 Marvin NC Real Estate Market—Three Facts

It's time to look at the real estate market in Marvin NC and to assess how home buyers and home sellers fared during the first quarter of 2012.

Here are three facts about the Marvin marketplace in January to March 2012.

• The median closed price in Marvin during the first quarter was $491,486, a 9.4% decline from the 2011 median sales price.
• Median days on market dropped 14% to 67 days in the first quarter over 2011.
• Nearly 70% of all sales during the quarter were market resales with remaining sales divided between new construction and distressed sales.

What do these three facts mean for Marvin buyers and sellers?

1. The Marvin real estate market is fairly healthy with over 80% of first quarter sales either market resales or new construction.
2. Marvin sellers continue to see price declines in the marketplace.
3. Buyers of Marvin homes benefit from a 30% in median home prices since 2008.

Want to learn more about the real estate market in Marvin and see all the numbers for each of the past four years?  Click on the link below.

Marvin NC Real Estate Market Report—January-March 2012

Copyright 2012. Carol Fox. Allen Tate Realtors. *The First Quarter 2012 Marvin NC Real Estate Market—Three Facts*