Union County Real Estate Talk

Cureton in Waxhaw NC Real Estate Market Report—2011 Mid-Year Review

Located in historic Waxhaw NC, Cureton is a 380-acre mixed use development where you can find a single family home or a townhome.  Cureton residents can use the 4000 square foot amenity center with water park and community lake or walk to the nearby community shopping center with grocery store, restaurants and banks.

Cureton Real Estate Market Comparison

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

1. Both single family and townhome prices have continued to drop in 2011.  Single family median prices are down 3.8% from 2010 while townhome prices are down 16.8%.  I believe that single family prices are down this year because of the significant number of foreclosures and short sales.  Most townhome sales have been new construction indicating that builders have lowered their prices.
2. Single family homes have the roughly the same median days on market and median list to sale ratio as 2010.  Townhomes, however, are taking longer to sell in 2011 and the median list to sale ratio has dropped to 91%.
3. New construction makes up over 70% of the townhome market in 2011 and a third of the single family market.
4. Foreclosures and short sales are 50% of the single family market, probably reflecting the fact that Cureton construction began at the height of the housing boom.

Single Family Homes

Source: Carolina Multiple Listing Service

Townhomes

Source: Carolina Multiple Listing Service

Cureton Sales Types

Source: Carolina Multiple Listing Service

Source: Carolina Multiple Listing Service

Read more about Cureton, its community amenities, builders and public schools: Cureton in Waxhaw NC: Homes for Sale and Neighborhood Profile.

Cureton Homes for Sale

Click here to see Cureton homes for sale.

Ever wonder what your Cureton home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Cureton in Waxhaw NC Real Estate Market Report—2011 Mid-Year Review*

Cureton in Waxhaw NC—2010 Real Estate Market Update

A 4000 square foot amenity center with water park and community lake welcomes you to Cureton, a walkable mixed use neighborhood in Waxhaw NC.  The neighborhood includes a community shopping center with a grocery, restaurants and banks.  This 380-acre Waxhaw neighborhood includes both single family homes and townhomes.  New construction is ongoing in Cureton.  Resale homes are available as well.

How did the 2010 real estate market in Cureton compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  The 2010 real estate market in Cureton was very similar to the 2009 market.  Forty one single family homes sold in the neighborhood compared with 40 in 2009.  The median closed price was down slightly in 2010 as was the median square footage of the single family homes sold.  Median days on market nearly quadrupled in 2010 but this may be an indication that builder inventory homes took longer to sell. 

Cureton townhomes were larger and sold for less money in 2010, indicating falling prices.  Median prices were off 4.4% in 2010.  Like the single family homes, median days on market increased dramatically.  The median list to sale ratio for townhomes was 93%.

Cureton Real Estate Market Comparison

Single Family Homes

Source:  Carolina Multiple Listing Service

Townhomes

Source:  Carolina Multiple Listing Service

Cureton Types of Closed Sales

Over sixty percent of the homes closed in Cureton in 2010 were new construction.  This was true of both single family homes and townhomes.  Almost 25% of the single family home sales and nearly 38% of the townhome sales were foreclosures or short sales.  Accordingly, resale sellers faced very stiff competition for homebuyers in 2010.

Source:  Carolina Multiple Listing Service

Source:  Carolina Multiple Listing Service

Read more about Cureton, its community amenities, builders and public schools:  Cureton in Waxhaw NC:  Homes for Sale and Neighborhood Profile.

Cureton Homes for Sale

Click here to see Cureton homes for sale.

Ever wonder what your Cureton home is worth?

Click here to receive a free market evaluation.

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

Cureton in Waxhaw NC—Homes for Sale and Neighborhood Profile

Click here for an update on the 2010 Cureton real estate market.

Cureton is the newest walkable neighborhood in Waxhaw NC, once an historic railroad town in a rural setting of horse farms and rolling farmland.  Located on 380 acres at the intersection of Providence and Cuthbertson Roads just north of downtown Waxhaw, Cureton is designed to be a mixed use development of retail shops, offices and homes.  The neighborhood, consisting of both single family homes and townhomes, has something for everyone.

Walk to the grocery store or one of the restaurants in the retail center.  Enjoy the 4000 sq. ft. amenity center at the entrance to the neighborhood.  Walking trails through the natural areas separating the residential villages provide more opportunities for walking and enjoying the outdoors.

Cureton has both resale homes and new construction.  Villages include single family homes of various price points and townhomes.  Exteriors are accented with front porches and stone and shingle accents.

Cureton Community Features

Community Amenities:  Cureton Homeowners Association, Clubhouse with library, kitchen and fitness center; swimming pool, playground, walking trails

Builders:  MI Homes, Standard Pacific, Cunnane Group, Turnberry, Zar Custom Homes

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

Cureton Real Estate Market Update

January to December 2009

Single Family Homes

Homes Sold:   39 homes

Prices:    $205,000 to $531,070      Average Sales Price:  $286,171

Average Square Feet:  3062            

Average Days on Market:   110

Townhomes

Homes Sold:  14

Prices:  $128,000 to $178,876   Average Sales Price:  $156,997

Average Square Feet:  1308

Average Days on Market:  111

Source:  Carolina Multiple Listing Service

Cureton Homes for Sale

Click here to see Cureton homes for sale.

Ever wonder what your Cureton home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Cureton in Waxhaw NC—Homes for Sale and Neighborhood Profile*

Cureton is the newest walkable neighborhood in Waxhaw, NC, once an historic railroad town in a rural setting of horse farms and rolling farmland.  Located on 380 acres at the intersection of Providence and Cuthbertson Roads just north of downtown Waxhaw, Cureton is designed to be a mixed use development of retail shops, offices and homes.  The neighborhood, consisting of both single family homes and townhomes, has something for everyone. 

Walk to the grocery store or one of the restaurants in the retail center.  Enjoy the 4000 sq.ft. amenity center at the entrance to the neighborhood.  The clubhouse includes a library, kitchen and a fitness center.  A junior olympic pool and a playground complete the outdoor amenities.  Walking trails through the natural areas separating the residential villages provide more opportunities for walking and enjoying the outdoors.

Cureton Villages

Cureton has both resale homes and new construction.  Pricing of new single family homes on small lots ranges from the $230,000s to the $270,000s.  The more upscale villages have homes from $400,000 to over $600,000.

During 2008, thirty nine single family homes sold in Cureton ranging from $247,000 to $645,000.  The average sales price was $370,208 and average square footage was 3387 sq.ft. Eight townhomes closed during 2008 with an average sales price of $167,674 and average size of 1280 sq.ft.

There are currently 13 homes under $400,000 for sale in Cureton and 19 homes available between $400,000 and $1,275,000.  Townhomes on the market range from $159,900 to $177,595.

Related articles:

Waxhaw NC Neighborhoods:  Lawson

Want to know more about buying or selling real estate in Waxhaw NC?

Visit www.carolinasmalltownliving.com.

About the author:  Carol Fox is a veteran real estate agent who has been selling homes and neighborhoods in Waxhaw NC for over twenty years.

Copyright 2008. Carol Fox. All rights reserved.  "Cureton:  A Walkable Neighborhood in Waxhaw NC"