Marvin NC Real Estate Market Report—2009
How did the Marvin NC real estate market fare in 2009 and how did it compare with 2008?
The Marvin NC real estate market is a small market because of the limited number of neighborhoods within the town limits. Many of these neighborhoods are luxury communities and the 21% drop in prices in 2009 reflects the difficulty of the high-end market. More homes sold in 2009 than in 2008 with total sales up 11%. Marvin sellers sold their properties slightly faster in 2009, waiting on average only 106 days for a contract.
Marvin NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Marvin NC for single family homes in 2008 and 2009 plus each 2009 quarter.
Single Family Homes in Marvin NC
2008 Average Sales Price: $756,884 2009 Average Sales Price: $592,573 Year-to-Year Change: -21%
2008 Number of Homes Sold: 34 2009 Number of Homes Sold: 38 Year-to-Year Change: +11%
2008 Average Days on Market: 111 2009 Average Days on Market: 106 Year-to-Year Change: -4%
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Marvin NC 2009
The most active Marvin NC neighborhoods are listed below. Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.
Copyright 2010. Carol Fox. Allen Tate Realtors. *Marvin NC Real Estate Market Report—2009*
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