Union County Real Estate Talk

Lake Park NC Real Estate Market Report—April-June 2010

How did the Lake Park NC real estate market fare in the second quarter of 2010 and how did it compare with 2009?

There weren’t many single family or townhome/condominium sales in Lake Park NC during the first quarter of 2010.  The average sales price of the single family homes rose 5% over the first quarter of 2010 and 10% over 2009 prices.  Townhome and condominium prices were up over the first quarter but below the average sales price in 2009.

Lake Park NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Lake Park NC for single family homes and townhomes in 2008 and 2009 plus first and second quarter 2010.

Single Family Homes in Lake Park NC

2009 Average Sales Price:  $178,567   First Quarter 2010 Average Sales Price:  $187,375  Second Quarter 2010 Average Sales Price:  $197,461

2009 Number of Homes Sold:  17    First Quarter 2010 Number of Homes Sold:  4  Second Quarter 2010 Number of Homes Sold:  3   

2009 Average Days on Market:  107   First Quarter 2010 Average Days on Market:  141   Second Quarter 2010 Average Days on Market:  143

Townhomes and Condominiums in Lake Park NC

2009 Average Sales Price:  $154,780    First Quarter 2010 Average Sales Price:  $121,400   Second Quarter 2010 Average Sales Price:  $131,500  

2009 Number of Homes Sold:  5       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  2    

2009 Average Days on Market:  214     First Quarter 2010 Average Days on Market:  238    Second Quarter 2010 Average Days on Market:  108

Source:  Carolina Multiple Listing Service

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Lake Park NC Real Estate Market Report—April-June 2010*

Lake Park NC Real Estate Market Report—January-March 2010

How did the Lake Park NC real estate market fare in the first quarter of 2010 and how did it compare with 2009? 

The numbers reflect the fact that the Lake Park NC real estate market is very small.  Only four homes and two townhomes sold in Lake Park during the first quarter of 2010.  The average sales price for single family homes was up over the average price in 2009 while days on market increased to almost five months.  Townhome average prices dropped in 2010 while days on the market remained similar.

Lake Park NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Lake Park NC for single family homes and townhomes in 2008 and 2009 plus first quarter 2010.

Single Family Homes in Lake Park NC

2009 Average Sales Price:  $178,567   First Quarter 2010 Average Sales Price:  $187,375

2009 Number of Homes Sold:  17    First Quarter 2010 Number of Homes Sold:  4    

2009 Average Days on Market:  107   First Quarter 2010 Average Days on Market:  141     

Townhomes and Condominiums in Lake Park NC

2009 Average Sales Price:  $154,780    First Quarter 2010 Average Sales Price:  $121,400    

2009 Number of Homes Sold:  5       First Quarter 2010 Number of Homes Sold:  2      

2009 Average Days on Market:  214     First Quarter 2010 Average Days on Market:  238

Source:  Carolina Multiple Listing Service

Lake Park NC Real Estate Market Report—2009

How did the Lake Park NC real estate market fare in 2009 and how did it compare with 2008? 

The Lake Park NC real estate market is small due to the small size of the town.  In 2009, average prices for single family homes were down 6% compared with average prices in 2008.  Average prices for condos and townhomes in Lake Park were up 17% in 2009.  These numbers indicate that Lake Park’s real estate market performed better than most of the other small towns in Union County NC.  Sellers in Lake Park NC waited longer to sell their homes in 2009 with days on market increasing 36% for single family homes and 45% for townhomes and condos.

Lake Park NC Average Real Estate Prices, Homes Sold and Average Days on the Market

2008 Average Sales Price:  $190,277      2009 Average Sales Price:  $178,567    Year-to-Year Change:  -6%

2008 Number of Homes Sold:  22        2009 Number of Homes Sold:  17      Year-to-Year Change:  -22%

2008 Average Days on Market:  85        2009 Average Days on Market:  107      Year-to-Year Change:  +36%

Townhomes and Condominiums in Lake Park NC

2008 Average Sales Price:  $131,480      2009 Average Sales Price:  $154,780     Year-to-Year Change:  +17%

2008 Number of Homes Sold:  5          2009 Number of Homes Sold:  5       Year-to-Year Change:  no change

2008 Average Days on Market:  147      2009 Average Days on Market:  214     Year-to-Year Change:  +45%

Source:  Carolina Multiple Listing Service

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Lake Park NC Real Estate Market Report—2009*

How did Lake Park NC real estate market activity in the third quarter of 2009 compare with the second quarter 2009? 

This post will summarize third quarter 2009 real estate sales in Lake Park NC plus compare changes in sales data with second quarter 2009 results.  The chart shows average sales prices in Lake Park NC for 2008 and each quarter of 2009.

Lake Park NC Real Estate Market Report--2009 Third Quarter Data and Change from 2009 Second Quarter

Single Family Homes in Lake Park NC

Number of Sales:  5

Change from second quarter:  no change

Average Price:  $186,350

Change from second quarter:  +2%

Average Days on Market:  152

Change from second quarter:  +72%

Current Active Listings:  18

Change from second quarter:  -28%

Most Active Neighborhoods:  Lake Park

Townhomes and Condominiums in Lake Park NC

Number of Sales:  7

Change from second quarter:  +75%

Average Price:  $136,814

Change from second quarter:  -11%

Average Days on Market:  232

Change from second quarter:  +24%

Current Active Listings:  16

Change from second quarter:  +50%

Most Active Neighborhoods:  Lake Park

Source:  Carolina Multiple Listing Service

Compare with the 2008 Lake Park NC real estate market.

Copyright 2009.  Carol Fox.  *Lake Park NC Real Estate Market Report--July to September 2009*

What happened in the Lake Park NC real estate market during April and May of 2009?

This post will summarize first quarter real estate sales in Lake Park NC plus compare average sold prices with 2008 closed prices.

Lake Park NC Real Estate Market Report--April to May 2009

Single Family Homes in Lake Park NC

Number of Sales:  4

Price Range:  $128,000 to $230,000

Average Heated Area:  2052 sq.ft.

Average Price:  $178,250

Average 2008 Price:  $181,160    Change: -1%

Average Days on Market:  56

Number of Contracts Pending:  4

Most Active Neighborhood:  Lake Park

Current Active Listings on Market:  26

Townhomes and Condominiums in Lake Park NC

Number of Sales:  2 

Price Range:  $137,900 to $152,500

Average Heated Area:  1998

Average Price:  $145,200

Average 2008 Price:  $139,715    Change:  +3%

Average Days on Market:  191

Number of Contracts Pending:  1

Most Active Neighborhood:  Lake Park

Current Active Listings on Market:  8

Source:  Carolina Multiple Listing Service

Compare with the 2008 Lake Park NC real estate market.

Learn more about homes and neighborhoods in Lake Park NC.

Copyright 2009.  Carol Fox.  *Lake Park NC Real Estate Market Report--April to May 2009*

Do you want to know how the Lake Park NC real estate market fared in 2008?

This post will summarize the 2008 real estate sales for the Town of Lake Park NC.

2008 Real Estate Market Report for Lake Park NC

Single Family Homes

Number of Sales:  46   Price Range:  $110,000 to $295,000   Average Heated Area:  1881 sf   Average Price:  $181,160   Average Days on Market:  87  Years Built:  1992-2006

Townhouses and Condos

Number of Sales:  13   Price Range:  $110,000 to $160,000   Average Heated Area:  1522 sf   Average Price:  $139,715   Average Days on Market:  81  Years Built:  2001-2004

Schools 2008-09: Sardis Elementary, Porter Ridge Middle, Porter Ridge Senior

Source:  Carolina Multiple Listing Service 

Learn more about the Lake Park NC schools:

Union County NC Schools:  Just How Good are They? 

Want to know more about the Lake Park NC real estate market and Lake Park NC neighborhoods?

Visit www.CarolinaSmallTownLiving.com.

Copyright 2009.  Carol Fox.  All rights reserved.  *Lake Park NC 2008 Real Estate Market Report*