The 2011 Stallings NC Real Estate Market—Four Facts
It's time to look at the real estate market in Stallings NC and to assess how home buyers and home sellers fared in 2011.
Here are four facts about the Stallings marketplace in 2011.
- The median sales price of single family homes in Stallings has improved slightly each of the past three years over the previous year. Down 12.3% from the 2008 median price, the 2011 median price in Stallings was $199,495.
- Townhome median prices in Stallings have declined each year since 2008 with the 2011 median sales price at $114,000.
- Distressed sales accounted for only 16% of all sales in 2011.
- New construction accounted for only 2% of all sales in 2011.
What do these four facts mean for Stallings buyers and sellers?
- Single family real estate prices have been stable the past few years, perhaps signaling a bottom in the Stallings market.
- Townhome prices appear to be continuing their downward trend making it difficult for townhome owners to sell.
- Home buyers can find good values in the Stallings real estate market, especially in the townhome sector.
- The resale market in Stallings appears fairly healthy with little competition from new homes or distressed sales.
Want to learn more about the real estate market in Stallings and see all the numbers for each of the past four years? Want to know where the most active Stallings neighborhoods were in 2011? Click on the link below.
Stallings NC Real Estate Market Report—Year 2011
Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Stallings NC Real Estate Market—Four Facts*
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Located in 
Stallings has a variety of neighborhoods from two golf course communities in the northern part of town to neotraditional neighborhoods where everyone has a front porch to townhome communities.
The median sales price increased 1.1% over the median price in 2010 and 3.3% over the prices in 2009. Days on market dropped 12.9% in the first quarter. Only two Stallings townhomes sold from January to March 2011. The median sales price remained the same as the 2010 median sales price. Median days on market for these townhomes dropped 50%.
95 single family homes and 10 townhomes closed in Stallings in 2010. The highest priced single family home sale was $410,000. The highest priced townhome sale was $148,000. Median days on the market jumped for both single family homes and townhomes. The median list to sale ratio in 2010 was 96% for single family homes and 93% for townhomes.
