Union County Real Estate Talk

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*

Highgate in Weddington NC—2010 Real Estate Market Update

Beautiful stone gates announce your arrival at Highgate, one of Union County’s prettiest luxury home neighborhoods.  Located in Weddington NC, Highgate has custom homes of brick, stone and stucco on wooded estate-sized lots.  Highgate’s location along Providence Road just inside Union County offers residents easy access to the shopping and entertainment amenities of South Charlotte.

How did the 2010 real estate market in Highgate compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  The real estate market in Highgate improved substantially in 2010.  Twenty one homes sold in the neighborhood, almost twice as many as in 2009.  The median closed price also improved, up 14% over 2009.  The median square footage of homes sold in each year was similar, indicating a rise in the value of the homes sold on a dollar per square foot basis.  While prices rose in 2010, median days on the market also increased requiring Highgate sellers to wait longer for a sale.  The median list to sale ratio also dropped to 88% of asking price.

Highgate Real Estate Market Comparison

Single Family Homes

Source:  Carolina Multiple Listing Service

The mix of closed sale types affects the real estate market in any neighborhood.  In 2010, Highgate resale sellers were competing with new construction and foreclosures.  The table shows that almost a quarter of closed sales were foreclosures and short sales.  The substantial number of new construction sales during 2010 may have contributed to the higher median closed prices.

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—2010 Real Estate Market Update*

 Highgate in Weddington NC—Homes for Sale and Neighborhood Profile

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

Drive through the stone gates at Providence Road and Hemby Road to discover a tree-lined drive and beautiful custom homes on estate-size wooded lots.  You’ve entered Highgate, one of the prettiest luxury home communities in Weddington NC.  Rich exteriors of stone, stucco and brick and lush landscaping add appeal to these home in their lovely wooded settings.  Interiors of Highgate homes offer upscale appointments appropriate to the luxury home market.

Construction in Highgate began in 2003 and continues today with several builders offering new custom homes for sale.  Highgate’s location along Providence Road just two miles from I-485 allows convenient access to South Charlotte shopping and restaurants and Charlotte NC workplaces.  Once you enter Union County, you can enjoy the rural atmosphere maintained by Weddington’s requirement for acre lots and wooded vistas.  Highgate is assigned to the highly regarded Weddington schools, all located within five miles of the neighborhood in the same schools complex.

Map of Highgate in Weddington NC

View Highgate Neighborhood in Weddington NC in a larger map

Highgate Community Features

Community Amenities:  Highgate Homeowners Association, walking trails and pond

Builders:  Harrington and Associates, The Dowd Company, MacNeill Homes and various custom builders

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

Highgate Real Estate Market Update

January to December 2009

Homes Sold:  12 single family homes

Prices:  $$698,000 to $1,820,000   Average Sales Price:  $1,007,096

Average Square Feet:  5865

Average Days on Market: 179

Source:  Carolina Multiple Listing Service

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 2009.  Carol Fox.  Allen Tate Realtors.  *Highgate in Weddington NC—Homes for Sale and Neighborhood Profile*