Union County Real Estate Talk

Monroe NC Real Estate Market Report—2009

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

Average sales prices and number of homes sold declined in the Monroe NC real estate market in 2009.  Single family home prices and sales were off 18% and 19% from 2008.  Similarly townhome/condo prices declined 16% and total sales declined 21% in 2009.  Townhome sellers in Monroe sold their homes more quickly in 2009 averaging only 93 days on the market while single family home sellers waited 27% longer for their properties to sell.

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

The chart below shows average sales prices in Monroe NC for single family homes in 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Monroe NC

2008 Average Sales Price:  $153,515      2009 Average Sales Price:  $124,851    Year-to-Year Change:  -18%

2008 Number of Homes Sold:  271        2009 Number of Homes Sold:  218      Year-to-Year Change:  -19%

2008 Average Days on Market:  92        2009 Average Days on Market:  117      Year-to-Year Change:  +27%

Townhomes and Condominiums in Monroe NC

2008 Average Sales Price:  $149,321      2009 Average Sales Price:  $125,269     Year-to-Year Change:  -16%

2008 Number of Homes Sold:  19          2009 Number of Homes Sold:  15       Year-to-Year Change:  -21%

2008 Average Days on Market:  108      2009 Average Days on Market:  93     Year-to-Year Change:  -13%

Source:  Carolina Multiple Listing Service

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

How did Monroe 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 Monroe NC plus compare changes in sales data with second quarter 2009 results.  The chart shows average sales prices in Monroe NC for 2008 and each quarter of 2009.

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

Single Family Homes in Monroe NC

Number of Sales:  53

Change from second quarter:  +3%

Average Price:  $121,311

Change from second quarter:  -11%

Average Days on Market:  127

Change from second quarter:  +5%

Current Active Listings:  286

Change from second quarter:  -3%

Most Active Neighborhoods:  Hamilton Place

Townhomes and Condominiums in Monroe NC

Number of Sales:  2

Change from second quarter:  -33%

Average Price:  $170,572

Change from second quarter:  +32%

Average Days on Market:  120

Change from second quarter:  +20%

Current Active Listings:  22

Change from second quarter:  +8%

Most Active Neighborhoods:  Charles Town

Source:  Carolina Multiple Listing Service

Compare with the 2008 Monroe NC real estate market.

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

How did Monroe NC real estate market activity in the second quarter of 2009 compare with the first quarter 2009? 

This post will summarize second quarter 2009 real estate sales in Monroe NC plus compare changes in sales data with first quarter 2009 results.

Monroe NC Real Estate Market Report--2009 Second Quarter Data and Change from 2009 First Quarter

Single Family Homes in Monroe NC

Number of Sales:  51

Change from first quarter:  +21%

Average Price:  $136,817

Change from first quarter:  +8%

Average Days on Market:  120

Change from first quarter:  +46%

Current Active Listings:  295

Change from first quarter:  +1%

Most Active Neighborhoods:  Hamilton Place, Colonial Village

Townhomes and Condominiums in Monroe NC

Number of Sales:  3

Change from first quarter:  +33%

Average Price:  $128,552

Change from first quarter:  +22%

Average Days on Market:  100

Change from first quarter:  -36%

Current Active Listings:  24

Change from first quarter:  no change

Most Active Neighborhoods:  Charlestown

Source:  Carolina Multiple Listing Service

Compare with the Monroe NC 2008 Real Estate Market

Copyright 2009.  Carol Fox.  *Monroe NC Real Estate Market Report--April to June 2009*

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

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

Monroe NC Real Estate Market Report--April to May 2009

Single Family Homes in Monroe NC

Number of Sales:  36

Price Range:  $19,900 to $265,900

Average Heated Area:  1821 sq.ft.

Average Price:  $131,119

Average 2008 Price:  $139,649    Change: -6%

Average Days on Market:  121

Number of Contracts Pending:  30

Most Active Neighborhood:  Fox Hunt Estates, Hamilton Place

Current Active Listings on Market:  306

Townhomes and Condominiums in Monroe NC

Number of Sales:  2 

Price Range:  $128,900 to $156,858

Average Heated Area:  1925

Average Price:  $142,879

Average 2008 Price:  $150,296    Change:  -4%

Average Days on Market:  113

Number of Contracts Pending:  3

Most Active Neighborhood:  Charlestown

Current Active Listings on Market:  22

Source:  Carolina Multiple Listing Service

Compare with the 2008 Monroe NC real estate market.

Learn more about homes and neighborhoods in Monroe NC.

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

What happened in the Monroe NC real estate market during the first three months of 2009?

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

Monroe NC Real Estate Market Report--January to March 2009

Single Family Homes in Monroe NC

Number of Sales:  42

Price Range:  $29,900 to $279,900

Average Heated Area:  1822 sq.ft.

Average Price:  $126,292

Average 2008 Price:  $139,649    Change: -9%

Average Days on Market:  82

Number of Contracts Pending:  19

Most Active Neighborhood:  Lexington Commons

Current Active Listings on Market:  291

Townhomes and Condominiums in Monroe NC

Number of Sales:  2 

Price Range:  $86,400 to $123,740

Average Heated Area:  1270 sq.ft.

Average Price:  $105,000

Average 2008 Price:  $150,296    Change:  -30%

Average Days on Market:  158

Number of Contracts Pending:  1

Most Active Neighborhood:  Middleton Place

Current Active Listings on Market:  25

Source:  Carolina Multiple Listing Service

Compare with the 2008 Monroe NC Real Estate Market. 

Learn more about real estate and living in Monroe NC.

Copyright 2009.  Carol Fox.  *Monroe NC Real Estate Market Report--January to March 2009* 

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

This post will summarize the 2008 real estate sales for the city as a whole plus report on the most active neighborhoods within the City of Monroe NC.

2008 Real Estate Market Report for Monroe NC

Single Family Homes

Number of Sales:  157  Price Range:  $15,500 to $700,000   Average Heated Area:  1693 sf  Average Price:  $139,649   Average Days on Market:  99

Townhouses and Condos

Number of Sales:  16   Price Range:  $103,445 to $186,355   Average Heated Area:  1661 sf   Average Price:  $150,296   Average Days on Market:  102

Most Active Neighborhoods in Monroe 2008

Single Family Neighborhoods

Brekonridge  Years Built:  1997-2003

Number of Sales:  11   Price Range:  $113,750 to $150,000   Average Heated Area:  1425 sf   Average Price:  $137,013   Average Days on Market:  70

Schools 2008-09:  Porter Ridge Elementary, Porter Ridge Middle, Porter Ridge High

Colonial Village   Years Built:  1998-2002

Number of Sales:  9    Price Range: $127,500 to $193,500   Average Heated Area:  1761 sf   Average Price:  $165,555   Average Days on Market:  62

Schools 2008-09:  Rocky River Elementary, Sun Valley Middle, Sun Valley High

Historic District   Years Built:  1875-2002

Number of Sales:  9   Price Range:  $99,900 to $248,000   Average Heated Area:  2456 sf   Average Price:  $182,933   Average Days on Market:  120

Schools 2008-09:  Elementary varies, Monroe Middle, Monroe High

Savannah Way   Years Built:  2002-2008

Number of Sales:  4   Price Range:  $245,000 to $430,000  Average Heated Area:  2402 sf   Average Price:  $312,250   Average Days on Market:  91

Schools 2008-09:  Porter Ridge Elementary, Porter Ridge Middle, Porter Ridge High

Townhouse/Condo Neighborhoods

Charlestown   Years Built:  2006-2008

Number of Sales:  11   Price Range:  $140,788 to $186,355   Average Heated Area:  1897 sf   Average Price:  $166,272   Average Days on Market:  102

Schools 2008-09:  Porter Ridge Elementary, Porter Ridge Middle, Porter Ridge High

Learn more about Monroe NC schools:

Union County NC Schools:  Just How Good Are They?

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

Visit www.CarolinaSmallTownLiving.com.

Copyright 2009.  Carol Fox.  All rights reserved.  "Monroe NC 2008 Real Estate Market Report"