Union County Real Estate Talk

Monroe NC Real Estate Market Report—April-June 2010

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

The number of homes sold in Monroe NC during the second quarter 2010 was up 140% over the first quarter of the year.  The average sales price in the second quarter increased 10% over the first quarter and 5% over the average sales price in 2009.  This increased activity and the increased prices were most likely due to the federal tax credits.

The number of townhomes quadrupled in the second quarter of 2010 and the average sales price increased 7% over the first quarter.  The average sales price for townhomes remained below the average sales price in 2009.

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 and townhomes in 2008 and 2009 plus first and second quarter 2010.

Single Family Homes in Monroe NC

2009 Average Sales Price:  $124,851   First Quarter 2010 Average Sales Price:  $119,357  Second Quarter 2010 Average Sales Price:  $131,493

2009 Number of Homes Sold:  218    First Quarter 2010 Number of Homes Sold:  30  Second Quarter 2010 Number of Homes Sold:  72   

2009 Average Days on Market:  117   First Quarter 2010 Average Days on Market:  127   Second Quarter 2010 Average Days on Market:  99

Townhomes and Condominiums in Monroe NC

2009 Average Sales Price:  $125,269    First Quarter 2010 Average Sales Price:  $109,617   Second Quarter 2010 Average Sales Price:  $117,525  

2009 Number of Homes Sold:  15       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  8    

2009 Average Days on Market:  93     First Quarter 2010 Average Days on Market:  399    Second Quarter 2010 Average Days on Market:  101

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Monroe NC

The most active Monroe NC neighborhoods are listed below. 

Windy Ridge

Hamilton Place

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

Monroe NC Real Estate Market Report—January-March 2010

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

The average sales price for single family homes in Monroe NC dropped slightly in the first quarter of 2010 compared with 2009.  Average days on market increased slightly to just over four months.  Only two townhomes sold in Monroe during the first quarter and they showed a dramatic drop.

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 and townhomes in 2008 and 2009 plus first quarter 2010.

Single Family Homes in Monroe NC

2009 Average Sales Price:  $124,851   First Quarter 2010 Average Sales Price:  $119,357

2009 Number of Homes Sold:  218    First Quarter 2010 Number of Homes Sold:  30    

2009 Average Days on Market:  117   First Quarter 2010 Average Days on Market:  127     

Townhomes and Condominiums in Monroe NC

2009 Average Sales Price:  $125,269    First Quarter 2010 Average Sales Price:  $109,617    

2009 Number of Homes Sold:  15       First Quarter 2010 Number of Homes Sold:  2      

2009 Average Days on Market:  93     First Quarter 2010 Average Days on Market:  399

Source:  Carolina Multiple Listing Service

Villas of Sun Valley in Monroe NC—Homes for Sale and Neighborhood Profile

The Villas of Sun Valley is a small neighborhood of ranch homes designed for active adults and seniors.  The community is located in unincorporated Union County NC between Monroe NC and Indian Trail NC.  Homeowners fees at the Villas of Sun Valley include lawn maintenance.  A clubhouse and walking trails are available for neighborhood residents.

Construction at the Villas of Sun Valley began in 2006.  The neighborhood is nearly finished.  Homes range in size from 1800 square feet to nearly 3000 square feet.  Exteriors are of maintenance-free vinyl with brick or stone accents on the front.  All are ranch-style homes although some have upstairs bonus rooms and guest rooms.

The Villas of Sun Valley have convenient shopping amenities nearby.  Sun Valley Commons includes a grocery store, a bank, a coffee shop, and several restaurants.  Big box retailers can be found along Highway 74.  Mall shopping is available at Monroe Crossing several miles away in Monroe.

Villas of Sun Valley  Community Features

Community Amenities:  Villas of Sun Valley Homeowners Association, clubhouse, walking trails

Builders:  Ryan Homes

Schools:  Shiloh Elementary, Sun Valley Middle, Sun Valley High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments.  

Villas of Sun Valley Real Estate Market Update

January to December 2009

Ranches

Homes Sold:  2

Prices:  $160,000 to $265,000      Average Sales Price:  $212,500   

Average Square Feet:  2343              

Average Days on Market:  198

Source:  Carolina Multiple Listing Service

Villas of Sun Valley Homes for Sale

Click here to see Villas of Sun Valley homes for sale.

Ever wonder what your Villas of Sun Valley home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Villas of Sun Valley in Monroe NC—Homes for Sale and Neighborhood Profile*

Old County Courthouse in Monroe NC

Like most southern small towns, the heart of Monroe NC’s downtown is its public square surrounding the Old County Courthouse.  Monroe’s courts have moved on to a new building nearby, but the beautiful old courthouse still shines in the center of the city.

Constructed in 1886, the courthouse has been restored several times over the years.  Its stately interiors and well-worn wood floors remind a visitor of earlier times.  A clock tower was added to the building in 1904.  In 2002, the clock tower was restored and a historical winding clock mechanism similar to the original was installed.  Clock faces were also restored to original condition.  The clock now chimes on the hour.

A walk around the courthouse reveals memorials to Union County soldiers who fought in the Civil War and other wars.  The historic buildings that line the streets around the courthouse serve as reminders of the days when law and commerce dominated Monroe’s courthouse square.

Click here to learn more about Monroe NC and living in Charlotte North Carolina’s best small towns.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Old County Courthouse in Monroe NC*

Rolling Hills in Monroe NC—Homes for Sale and Neighborhood Profile

Rolling Hills in Monroe NC is a golf course community that was built around the Rolling Hills Country Club.  Homes were built as early as the 1960s in Rolling Hills.  Construction continued in the 1970s and 1980s with some homes built as recently as the early 2000s.  The pretty wooded lots are generous ranging from a half acre to over an acre in size.

The golf course at Rolling Hills Country Club is a private, non-equity club with a traditional course designed by George Cobb.  The course has short distances between holes making the course compatible for walking or riding.  Other amenities at the club include dining and banquet facilities, an outdoor swimming pool with a wading pool for children, tennis courts and a golf practice and learning facility.

Rolling Hills Community Features

Community Amenities:  Rolling Hills Country Club

Builders:  Various custom builders

Schools:  Porter Ridge Elementary, Porter Ridge Middle, Porter Ridge High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments. 

Rolling Hills Real Estate Market Update

January to December 2009

Single Family Homes

Homes Sold:  None

Prices:          Average Sales Price: 

Average Square Feet:              

Average Days on Market:  

Source:  Carolina Multiple Listing Service

Rolling Hills Homes for Sale

Click here to see Rolling Hills homes for sale.

Ever wonder what your Rolling Hills home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Rolling Hills in Monroe NC—Homes for Sale and Neighborhood Profile*

Monroe Connector/Bypass Update

Why is the proposed Monroe Connector/Bypass important to you?  If you live in northern Union County and wish to sell your property, you need to know how the proposed route may affect your sale.  If you are considering a real estate purchase in this area, you also will want to know the proposed route.  And if you live in Charlotte, you may be happy to know that this roadway is estimated to save 30 minutes off your trip to the beach.

What is the Monroe Connector/Bypass?  The Monroe Connector/Bypass is  proposed to connect U.S. 74 near Wingate NC with the interchange of I-485 at Matthews NC.  Constructed by the NC Turnpike Authority, it will be a 20-mile toll road that will relieve congestion on U.S. 74 around Monroe NC.

What is the schedule for completion of the Monroe Connector/Bypass?  Discussion and planning for this roadway has been ongoing for many years.  The route was chosen by the Turnpike Authority in 2009 and is undergoing the Environmental Impact Study process now.  A draft Environmental Impact Statement has been completed.  The final Environmental Impact Statement is underway with engineers taking rock and soil samples along U.S. 74 during the first half of February.  The final EIS is expected to be complete during the first quarter of 2010.  The final decision on the chosen route will be published in a Record of Decision during the second quarter of 2010.  The Turnpike Authority now projects that the roadway will open in 2014.

Want to know more?

Click here to see the proposed route for the Monroe Connector/Bypass.

Monroe Connector/Bypass is One Step Closer

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Monroe Connector/Bypass Update*

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*