Union County Real Estate Talk

Weddington NC Real Estate Market Report—April-June 2010

How did the Weddington NC real estate market fare during the second quarter of 2010 and how did it compare with 2009? 

The average sales price in Weddington NC during the second quarter 2010 dropped 4% from the average sales price in the first quarter 2010 and 3% from 2009 average prices.  The number of homes sold doubled in the second quarter over the first quarter and average days on market dropped 43%.

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

The chart below shows average sales prices in Weddington NC for single family homes in 2008 and 2009 plus the first and second quarter of 2010.

Single Family Homes in Weddington NC

2009 Average Sales Price:  $599,265   January-March 2010 Average Sales Price:  $602,450    June-April 2010 Average Sales Price:  $577,382  

2009 Number of Homes Sold:  61       January-March 2010 Number of Homes Sold:  14    June-April 2010 Number of Homes Sold:  29

2009 Average Days on Market:  173    January-March 2010 Days on Market:  196   June-April 2010 Days on Market:  110  

Most Active Neighborhoods in Weddington NC

The most active Weddington 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.

Highgate

Providence Woods

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

Weddington NC Real Estate Market Report—January-March 2010

How did the Weddington NC real estate market fare during the first quarter of 2010 and how did it compare with 2009? 

The average sales price in Weddington NC increased during the first quarter of 2010 over the 2009 average sales price.  The number of homes sold in the first quarter were up relative to 2009.  Days on market increased somewhat during the first quarter 2010.

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

The chart below shows average sales prices in Weddington NC for single family homes in 2008 and 2009 plus the first quarter of 2010.

Single Family Homes in Weddington NC

2009 Average Sales Price:  $599,265   January-March 2010 Average Sales Price:  $602,450   

2009 Number of Homes Sold:  61       January-March 2010 Number of Homes Sold:  14  

2009 Average Days on Market:  173    January-March 2010 Days on Market:  196   

Most Active Neighborhoods in Weddington NC 2009

The most active Weddington 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.

Highgate

Providence Woods

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Weddington NC Real Estate Market Report—January-March 2010*

Weddington NC Real Estate Market Report—2009

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

Weddington NC average real estate prices held up better in 2009 than most areas in Union County NC.  Average prices were down only 4% year-over-year.  Weddington saw 16% fewer sales in 2009 and sellers waited longer to sell their homes with average days on market up 35%.

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

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

Single Family Homes in Weddington NC

2008 Average Sales Price:  $628,610      2009 Average Sales Price:  $599,265    Year-to-Year Change:  -4%

2008 Number of Homes Sold:  73        2009 Number of Homes Sold:  61      Year-to-Year Change:  -16%

2008 Average Days on Market:  128        2009 Average Days on Market:  173      Year-to-Year Change:  +35%

Most Active Neighborhoods in Weddington NC 2009

The most active Weddington 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.

Highgate

Providence Woods

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

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

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

Weddington NC Real Estate Market Report--July to September 2009

Single Family Homes in Weddington NC

Number of Sales:  17

Change from second quarter:  +41%

Average Price:  $597,429

Change from second quarter:  +8% 

Average Days on Market:  205

Change from second quarter:  +2%

Most Active Neighborhood:  Highgate

Current Active Listings on Market:  135

Change from second quarter:  no change

Source:  Carolina Multiple Listing Service

Compare with the 2008 Weddington NC real estate market.

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

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

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

Weddington NC Real Estate Market Report--April to June 2009

Single Family Homes in Weddington NC

Number of Sales:  12

Change from first quarter:  no change

Average Price:  $549,814

Change from first quarter:  -17% 

Average Days on Market:  170

Change from first quarter:  no change

Most Active Neighborhood:  Highgate, Providence Place

Current Active Listings on Market:  136

Change from first quarter:  -11%

Source:  Carolina Multiple Listing Service

Compare with the Weddington NC 2008 real estate market.

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

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

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

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

Single Family Homes in Weddington NC

Number of Sales:  12

Price Range:  $175,000 to $1,820,000

Average Heated Area:  4860 sq.ft.

Average Price:  $666,970

Average 2008 Price:  $619,683    Change: +7%

Average Days on Market:  173

Number of Contracts Pending:  7

Most Active Neighborhood:  Stratford on Providence

Current Active Listings on Market:  153

Source:  Carolina Multiple Listing Service

Compare with the 2008 Weddington NC Real Estate Market. 

Learn more about real estate and living in Weddington NC.

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

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

This post will summarize the 2008 real estate sales for the town as a whole plus report on the most active neighborhoods with the Town of Weddington.

2008 Real Estate Market Report for Weddington NC

Single Family Homes

Number of Sales:  74   Price Range:  $220,000 to $1,585,000   Average Heated Area:  4087 sf    Average Price:  $619,683   Average Days on Market:  131

Most Active Neighborhoods in Weddington NC 2008

Providence Woods/Providence Woods South   Years Built: 1983-1988

Number of Sales:  19   Price Range:  $311,000 to $534,000   Average Heated Area:  3513 sf   Average Price:  $427,708   Average Days on Market:  115

Schools 2008-09:  Weddington Elementary, Weddington Middle, Weddington High

Stratford Hall   Years Built:  2006-2008

Number of Sales:  7   Price Range:  $636,843 to $820,957   Average Heated Area:  4308 sf   Average Price:  $722,400   Average Days on Market:  277

Waybridge   Years Built:  2007-2008

Number of Sales:  8   Price Range:  $838,317 to $1,540,582   Average Heated Area:  5094 sf   Average Price:  $1,033,491   Average Days on Market:  34

Highgate  Years Built:  2004-2008

Number of Sales:  9   Price Range:  $680,777 to $1,585,000   Average Heated Area:  5530 sf   Average Price:  $1,121,953   Average Days on Market:  48

Source:  Carolina Multiple Listing Service 

Learn more about the Union County schools:

Union County NC Schools:  Just How Good Are They?

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

Visit www.CarolinaSmallTownLiving.com.

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