Union County Real Estate Talk

Weddington Chase in Marvin NC--A Video

Looking for an upscale neighborhood on larger lots in Union County NC?  You might like Weddington Chase, a luxury community in Marvin, one of Union County's small towns.

Built by the John Weiland Company, Weddington Chase has brick, stone and stucco homes on half acre lots.  You can find those upgraded interiors, three-car garages, and some basement homes in the neighborhood.

The Residents Club is the heart of the community.  Other neighborhood amenities include a pool with water park, tennis courts, walking trails and a pond.

Watch this video for a tour of Weddington Chase in Marvin NC. 

Want to learn more about other Marvin NC neighborhoods?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Weddington Chase in Marvin NC--A Video*

Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review

Providence Down South is a luxury gated community located in the MarvinNC area.  Exquisitely appointed homes on generous lots line the neighborhood streets.  A clubhouse and amenity center are available to Providence Downs South residents. 

Providence Downs South Real Estate Market Comparison

A detailed comparison of the 2011 year-to-date real estate market in Providence Downs South can be found in the tables below.  What can Providence Downs South buyers and sellers learn from these statistics?

1. The real estate market improved for sellers in 2011.  The median closed priced increased 7.3% in 2011 while the median home square footage decreased 8.7%.  Days on market declined 38.9% and the median list to sale ratio improved to 95%.
2. Despite the improving market in 2011, buyers were able to find bargains in the neighborhood.  Foreclosures and short sales accounted for just under 50% of 2011 sales.

Providence Downs South Real Estate Market Comparison

Single Family Homes

Source: Carolina Multiple Listing Service

Providence Downs South Types of Closed Sales

Foreclosures and short sales accounted for over half the sales in Providence Downs South during 2010. There were no new construction sales in the neighborhood although lots for construction remain.

Source: Carolina Multiple Listing Service

Read more about Providence Downs South, its community amenities, builders and public schools: Providence Downs South in Marvin NC: Homes for Sale and Neighborhood Profile

Providence Downs South Homes for Sale

Click here to see Providence Downs South homes for sale.

Ever wonder what your Providence Downs South home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review*

Hunter Oaks in Marvin NC Real Estate Market Report—2011 Year-to-Date Review

2011-11-6

A short drive down Rea Road into Union County NC brings you to Hunter Oaks, a community near the Village of Marvin.  This large neighborhood composed of several distinct villages is located on both sides of Rea Road.  A very popular neighborhood with great schools, Hunter Oaks is conveniently located near upscale shopping in South Charlotte and an interchange with I-485.

Hunter Oaks Real Estate Market Comparison

A detailed comparison of the 2011 year-to-date real estate market in Hunter Oaks can be found in the tables below.  What can Hunter Oaks buyers and sellers learn from these statistics?

1. Nearly 85% of Hunter Oaks sales year-to-date are market resales.  The remaining sales were foreclosures or short sales.  This indicates a healthy marketplace in the neighborhood for sellers.
2. The 2011 median closed price in Hunter Oaks dropped 7.4% from 2009 and 2.1% from 2010 while the median square footage remained the same.  Because homes in Hunter Oaks are selling for less in 2011, buyers may be able to find good buys in this popular neighborhood.

Single Family Homes

Source: Carolina Multiple Listing Service

Hunter Oaks Types of Closed Sales

Source: Carolina Multiple Listing Service

Read more about Hunter Oaks, its community amenities, builders and public schools: Hunter Oaks in Marvin NC: Homes for Sale and Neighborhood Profile

Hunter Oaks Homes for Sale

Click here to see Hunter Oaks homes for sale.

Ever wonder what your Hunter Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Hunter Oaks in Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review*

Marvin NC Real Estate Market Report—July-September 2011

The median sales price in Marvin NC recovered in the third quarter rising 5.1% over second quarter numbers.  The third quarter median sales price of $546,900 remained below the first quarter and 2010 median prices.  Nineteen homes sold in the third quarter increasing 46% over the second quarter.  Median days on market dropped to 58 days.

What do the third quarter 2011 numbers mean for Marvin NC buyers and sellers?

• Sellers in Marvin are seeing lower prices than in 2010.
• Housing remains more affordable for buyers in Marvin than recent years. 

Single Family Homes

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Marvin Third Quarter 2011

The following neighborhoods had the most sales activity during the third quarter. Click on the neighborhood for more information and a list of homes for sale.

Marvin Creek

Weddington Chase

Firethorne

Copyright 2011. Carol Fox. Allen Tate Realtors. *Marvin NC Real Estate Market Report—July-September 2011*

Weddington Trace in Marvin NC Has a New Builder

New construction homes will begin closing again in Weddington Trace in October.   Construction in the neighborhood came to a halt about two years ago when the previous builder pulled out.  Standard Pacific Homes has purchased the remaining lots and built a new model home. The sound of hammers and saws again fills the neighborhood.

Weddington Trace is located in unincorporated Union County NC adjacent to other Marvin NC neighborhoods and near Weddington NC.  The neighborhood has two sections of home sites.  The Estates offers homes from the $320,000s while the Preserves has prices starting in the $250,000s.  Exterior materials include full brick, stucco, fiber cement and vinyl.  Luxury appointments include kitchens with stainless appliances and granite countertops, wood and tile flooring, and elegant trim packages.  The size of the homes ranges from approximately 2600 square feet to almost 4000 square feet.

Community amenities in Weddington Trace include a pond with fountains and a walking trail and a swimming pool and clubhouse.  There is abundant shopping nearby in Weddington and Waxhaw.

Learn more about Weddington Trace:  Weddington Trace in Marvin NC:  Homes for Sale and Neighborhood Profile.

Weddington Trace Homes for Sale

Click here to see Weddington Trace homes for sale.

Ever wonder what your Weddington Trace home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox.  Allen Tate Realtors.  *Weddington Trace in Marvin NC Has a New Builder*

Marvin NC Real Estate Market Report—April-June 2011

Marvin NC is a rural town in the northwestern part of Union County.  Because of its low density development, Marvin doesn’t have very many home sales.  During the second quarter of 2011, there were thirteen home sales.  Although the median square footage of home sold in Marvin remained nearly the same as the first quarter of 2011, the median price dropped 11.2% in the second quarter.  Median days on market increased nearly five-fold.

What do the second quarter 2011 numbers mean for Marvin buyers and sellers?

• Sellers in Marvin will have to deal with declining values for their homes.
• Buyers for properties in Marvin may be able to find more bargains in this small town’s real estate market.

Single Family Homes

Source: Carolina Multiple Listing Service 

 Most Active Neighborhoods in Marvin  Second Quarter 2011

The following neighborhoods had the most sales activity during the second quarter.  Click on the neighborhood for more information and a list of homes for sale.

Marvin Creek

Weddington Chase

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Marvin NC Real Estate Market Report—April-June 2011*

Somerset in Marvin NC—2010 Real Estate Market Update

Somerset is a surprisingly affordable neighborhood off Tom Short Road in an area of upscale luxury neighborhoods and golf courses.  Located in unincorporated Union County between Marvin NC and Weddington NC, the neighborhood has a Waxhaw mailing address.  A beautiful magnolia-lined parkway leads into this swim club neighborhood.  South Charlotte and its amenities plus I-485 are a short distance from Somerset.

How did the 2010 real estate market in Somerset compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace. Eighteen homes sold in the neighborhood in 2010 compared with thirteen in 2009. 

Somerset Real Estate Market Comparison

Median sale prices in Somerset declined 4.5% in 2010 over 2009.  The median square footage of homes sold was only slightly higher than 2009 meaning that home buyers in the neighborhood were getting more house for the money in 2010.  Median days on market more than doubled while the list-to-sale ratio remained stable at 95%.

The Somerset real estate market was healthy in 2010 with only one foreclosure and no short sales.

Single Family Homes

Source:  Carolina Multiple Listing Service

Somerset Types of Closed Sales

Source:  Carolina Multiple Listing Service 

Read more about Somerset, its community amenities, builders and public schools: Somerset in Marvin NC:  Homes for Sale and Neighborhood Profile

Somerset Homes for Sale

Click here to see Somerset homes for sale.

Ever wonder what your Somerset home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Somerset in Marvin NC—2010 Real Estate Market Update*

Hunter Oaks in Marvin NC—2010 Real Estate Market Update

Hunter Oaks is a large neighborhood of several distinct villages built on both sides of Rea Road.  It is located in unincorporated Union County NC between Marvin NC and Weddington NC.  The neighborhood has great access to shopping, restaurants and I-485 in South Charlotte.

How did the 2010 real estate market in Hunter Oaks compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Thirty three homes sold in the neighborhood each year. 

Hunter Oaks Real Estate Market Comparison

Single Family Homes

The median closed price in Hunter Oaks dropped 5.4% in 2010.  The median square footage of homes was similar for both years indicating that homes sold for somewhat less in 2010.  Median days on market increased 36.7% while the median list to sale ratio improved to 96%.

Source:  Carolina Multiple Listing Service

Hunter Oaks Types of Closed Sales

The 2010 market in Hunter Oaks was relatively healthy with over 90% of homes market resales.  Foreclosures and short sales accounted for the remaining sales.

Source:  Carolina Multiple Listing Service 

Read more about Hunter Oaks, its community amenities, builders and public schools: Hunter Oaks in Marvin NC:  Homes for Sale and Neighborhood Profile

Hunter Oaks Homes for Sale

Click here to see Hunter Oaks homes for sale.

Ever wonder what your Hunter Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Hunter Oaks in Marvin NC—2010 Real Estate Market Update*

Weddington Chase in Marvin NC—2010 Real Estate Market Update

Weddington Chase at the intersection of Providence Road and New Town Road in Marvin NC is a neighborhood of luxury homes on half acre and acre lots.  A landscaped parkway leads to the neighborhood amenity center with clubhouse, pool and tennis courts.

How did the 2010 real estate market in Weddington Chase compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Sixteen single family homes sold in the neighborhood in 2010 compared with 12 in 2009. 

Weddington Chase Real Estate Market Comparison

Single Family Homes

The median sales price dropped 8.4% in 2010 while the median square footage dropped only 1.9%.  On a per square foot basis, Weddington Chase homes were selling for more in 2010 than in 2009.

Source:  Carolina Multiple Listing Service

Weddington Chase Types of Closed Sales

The 2010 market in Weddington Chase was relatively healthy with 75% of total sales as market resales.  Foreclosures and short sales accounted for 25% of the total.

Source:  Carolina Multiple Listing Service 

Read more about Weddington Chase, its community amenities, builders and public schools: Weddington Chase in Marvin NC:  Homes for Sale and Neighborhood Profile

Weddington Chase Homes for Sale

Click here to see Weddington Chase homes for sale.

Ever wonder what your Weddington Chase home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Weddington Chase in Marvin NC—2010 Real Estate Market Update*

Marvin NC Real Estate Market Report—January-March 2011

Marvin NC is a rural town in the northwestern part of Union County.  Because of its low density development, Marvin doesn’t have very many home sales.  During the first quarter of 2011, there were eight home sales.  The median price increased 2.7% over 2010 and roughly the same over 2009.  Median days on market dropped 49.1% in the first quarter.

What do the first quarter 2011 numbers mean for Marvin buyers and sellers?

• Sellers in Marvin may find home prices stabilizing. 
• Buyers for properties in Marvin may have more confidence in its housing market.

Single Family Homes

Source: Carolina Multiple Listing Service 

 Most Active Neighborhoods in Marvin  First Quarter 2011

The following neighborhoods had the most sales activity during the first quarter.  Click on the neighborhood for more information and a list of homes for sale.

Marvin Creek

Firethorne

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Marvin NC Real Estate Market Report—January-March 2011*