Union County Real Estate Talk

The 2011 Weddington NC Real Estate Market—Four Facts

It's time to look at the real estate market in Weddington NC and to assess how home buyers and home sellers fared in 2011.

Here are four facts about the Weddington marketplace in 2011.

• The number of homes sold was the same as the number sold in 2010 and more than units sold in 2008 or 2009.
• The median sales price of $412,500 continued declining in 2011, down 13.1% from 2010 and off 27.3% since 2008.
• New construction accounted for only 11% of all sales in 2011.
• Distressed sales made up a quarter of the 2011 market.

What do these four facts mean for Weddington buyers and sellers?

1. The luxury home market continues to suffer from the lack of new homes being built and the impact of distressed sales on pricing.
2. Home buyers in Weddington can find some of the best values ever in this small town.

Want to learn more about the real estate market in Weddington and see all the numbers for each of the past four years?  Click on the link below.

Weddington NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Weddington NC Real Estate Market—Four Facts*

Weddington NC Homes for Sale--100 Plymouth Drive is Sold!

The home at 100 Plymouth Drive in Weddington NC closed yesterday.  This ranch home on over two acres is typical of many homes in Weddington where heavily wooded lots provide lots of privacy.

100 Plymouth Drive is located in Wellington Woods, a Weddington neighborhood of two to three acre lots.  If you love trees, you'll love Wellington Woods.  While you can live in a wooded hideaway, shopping and restaurants are conveniently close at the Austin Village shopping center and the Wesley Chapel Village Commons.

Click here to read more about Wellington Woods and see homes for sale.

Want to know more about Weddington NC real estate and see other homes for sale in Union County NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Weddington NC Homes for Sale--100 Plymouth Drive is Sold!*

Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review

Beautiful stone gates announce your arrival in Highgate, a WeddingtonNC neighborhood just minutes from the interchange of I-485 and Providence Road.  A wooded and landscaped entry road winds through this luxury neighborhood of upscale homes of stone and brick.  Large heavily wooded lots ensure privacy for Highgate homeowners.

Highgate Real Estate Market Comparison

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

1. Thirty percent of the sales year-to-date in Highgate have been foreclosures.  The foreclosures plus the fact that smaller homes have sold in 2011 most likely account for the downward trend of the median closed price in the neighborhood.  The 2011 median price is off nearly 30% from 2010 while the median square footage is only off 17.4%.
2. With prices trending downward, now is a great time for buyers to consider a purchase in this luxury neighborhood.

Single Family Homes

Source: Carolina Multiple Listing Service

Highgate Types of Closed Sales

Source: Carolina Multiple Listing Service

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

Highgate Homes for Sale

Click here to see Highgate homes for sale.

Ever wonder what your Highgate home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review*

New Homes Available Again in Weddington’s Hollister Community

Located in Weddington NC, Hollister is a neighborhood where construction began during the real estate boom but ended when the recession began. The community amenities and some streets of homes were completed during that time.

Hollister’s builder, Shea Homes, has begun construction in the neighborhood again.  Two model homes are under construction and scheduled to be open by the first of January 2012.  All homes in the neighborhood will be built with full brick exteriors.

Hollister has two sections:  The Provinces and The Estates.  Homes in The Provinces will be built on 75-foot wide lots with base prices starting in the $260,000s.  Floor plans will include a ranch, master-down plans and two-story homes.  Square footage starts just under 2500 square feet and tops out at approximately 3500 square feet. 

Lots in The Estates are 95 feet wide.  Homes are larger in this section ranging from approximately 3500 square feet to over 4000 square feet.  Base prices range from the $320,000s to the $380,000s.

Learn more about Hollister and see homes for sale:  Hollister in Weddington NC—Homes for Sale and Neighborhood Profile.

Want to know more about living and real estate in Weddington NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *New Homes Available Again in Weddington’s Hollister Community*

Weddington NC Real Estate Market Report—July-September 2011

The number of homes sold in Weddington NC during the third quarter of 2011 increased by 47.8% but the median sales price dropped 10.5% to $369,000.  Days on market improved to three months.

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

• Sellers in Weddington are seeing a downward pressure on pricing in 2011.
• Housing remains more affordable for buyers in Weddington than recent years. 

Single Family Homes

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Weddington 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.

Highgate

Hadley Park

Providence Woods

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

Skyecroft in Weddington NC—2010 Real Estate Market Update

Skyecroft is a luxury gated community near Weddington NC.  You’ll feel that you’ve entered a European village when you pass through Skyecroft’s beautiful stone gates.  Beautiful luxury homes of stone, stucco and brick with an old world flair line the streets.

How did the 2010 real estate market in Skyecroft compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace. Six homes sold in 2010 compared with 7 in 2009. 

Skyecroft Real Estate Market Comparison

Skyecroft homes sold dropped in size and in price in 2010.  The median sales price was down 4.9%.  On a dollar per square foot basis, sellers were receiving 3.3% less for their homes in 2010.  Median days on market increased 140% to 168 days.  The median list to sale ratio dropped to 89%.

Resales and new construction accounted for most 2010 sales in Skyecroft.

Single Family Homes

Source:  Carolina Multiple Listing Service

Skyecroft Types of Closed Sales

Source:  Carolina Multiple Listing Service 

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

Skyecroft Homes for Sale

Click here to see Skyecroft homes for sale.

Ever wonder what your Skyecroft home is worth?

Click here to receive a free market evaluation.

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

Weddington NC Real Estate Market Report—April-June 2011

Weddington NC is home to large lots and luxury neighborhoods.  The real estate market in Weddington during the second quarter of 2011 improved over the first quarter.  Twenty three homes sold during this time period compared with only 13 during the first quarter.  The median sales price improved slightly over the first quarter.  Median days on market declined 17.3% in the second quarter.

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

• Sellers in Weddington may find the market improving as more buyers mean stabilizing prices and fewer days on market.
• Buyers for properties in Weddington can still find bargains as median prices during the first half of 2011 have declined substantially from 2010 prices.

Single Family Homes

Source: Carolina Multiple Listing Service

 Most Active Neighborhoods in Weddington  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.

Highgate

Hadley Park

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

Providence Woods in Weddington NC—2010 Real Estate Market Update

Providence Woods is a classic Weddington NC neighborhood of acre or larger lots and mostly full-brick colonial or georgian style homes.  There are two sections of Providence Woods called Providence Woods and Providence Woods South.  Built in the 1980s and 1990s, Providence Woods South has the newer homes.  Providence Woods residents enjoy the privacy afforded by their beautiful wooded lots and convenient access to South Charlotte’s amenities.

How did the 2010 real estate market in Providence Woods compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace. Thirteen homes sold in the neighborhood in 2010 compared with only three in 2009. 

Providence Woods Real Estate Market Comparison

Median sales prices in Providence Woods dropped 18.2% in 2010.  Slightly smaller homes were selling in the neighborhood as the median square footage dropped 7.6%.  Median days on market doubled while the list-to-sale ratio dropped to 94%.

Market resales accounted for nearly 77% of the sales in 2010.  There were three foreclosures in Providence Woods helping to drive the median sales price down.

Single Family Homes

Source:  Carolina Multiple Listing Service

Providence Woods Types of Closed Sales

Source:  Carolina Multiple Listing Service 

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

Providence Woods Homes for Sale

Click here to see Providence Woods homes for sale.

Ever wonder what your Providence Woods home is worth?

Click here to receive a free market evaluation.

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

Weddington NC Homes for Sale--100 Plymouth Drive Reduced!

Don't miss the best value in Wellington Woods!  100 Plymouth Drive has been reduced to $199,900.  Over two acres of wooded privacy and two porches and a deck for easy outdoor living.

Here is more information about this Weddington NC home...

Don't miss this great opportunity to live on a large wooded lot in beautiful Weddington. Make this property your home if you love outdoor living and trees.

Enjoy the privacy of this Wellington Woods home as well as the convenient location near shopping and restaurants. A covered porch across the front welcomes you into this ranch home. Stone accents the front door.

A stone fireplace where you can enjoy a real wood fire on cold winter evenings is the focal point of the spacious great room. Boxed beams add to the rustic feel of this room.

A wet bar and bar cabinetry make entertaining easy in this home. The great room is open to the formal dining room.

Gather with your friends around the wet bar.

A spacious formal dining room has views of the front porch and yard. Crown molding adds interest in this room.

Pretty oak cabinetry lines both sides of this home's kitchen. The view from the window over the double sink is serene.

Appliances include a dishwasher, smoothtop stove, and microwave. Ceramic tile flooring extends from the kitchen into the breakfast area.

A large bow window in the breakfast area offers bright sunny views of the wooded yard. This room has an updated light fixture. Glass doors provide access to the screen porch.

The master bedroom suite is a huge room with abundant wall space. It includes two walk-in closets and tile flooring in the master bathroom.

Two secondary bedrooms and a hall bath complete the bedroom wing of this home. Both bedrooms have double closets and overhead lights.

Enjoy Weddington's mild climate on the 16'x18' screen porch. There's plenty of space for relaxing and dining on this porch. A paddle fan keeps the breezes moving.

The outdoor living doesn't stop with the screen porch. An adjoining deck allows entertaining to flow outdoors.

The 16'x24' deck provides views of almost two and a quarter acres of wooded privacy.

This beautiful lot is level allowing space for a long circular driveway. You'll find parking space on the drive for your extra vehicles. The side-load garage is oversized with storage space.

This home had a new roof installed in 2001 and a new well pump installed in 2009. County water is available as a tap has been installed at the street and the tap fee has been paid.

Click here to see a virtual tour of 100 Plymouth Drive.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Weddington NC Homes for Sale--100 Plymouth Drive Reduced!

Longview in Weddington NC—2010 Real Estate Market Update

The Club at Longview, also called Longview, is a luxury gated community located in unincorporated Union County between Weddington NC and Marvin NC.  A Jack Nicklaus Signature golf course, one on the top-rated courses in Charlotte and North Carolina, winds through the neighborhood.  A 10,000 square foot activity center provides space for adult and children’s fitness and social activities.  The neighborhood’s location near I-485 and shopping at Blakeney and Stonecrest make it a convenient place to live.

How did the 2010 real estate market in Longview compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Seventeen single family homes sold in the neighborhood in 2010 compared with 11 in 2009. 

Longview Real Estate Market Comparison

Single Family Homes

The median sales price dropped over 28% in 2010 while the median square footage increased 5.8%.  These changes reflect the continuing adjustment of the luxury home market in 2010 as several builder inventory homes were sold through the foreclosure process.

Source:  Carolina Multiple Listing Service

Longview Types of Closed Sales

Foreclosures and short sales accounted for over 40% of the market in 2010.  Thirty five percent of the 2010 market in Longview was new construction with the remaining sales market resales.

Source:  Carolina Multiple Listing Service 

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

Longview Homes for Sale

Click here to see Longview homes for sale.

Ever wonder what your Longview home is worth?

Click here to receive a free market evaluation.

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