Weddington NC Real Estate Market Report—2009
How did the Weddington NC real estate market fare in 2009 and how did it compare with 2008?
Weddington NC average real estate prices held up better in 2009 than most areas in Union County NC. Average prices were down only 4% year-over-year. Weddington saw 16% fewer sales in 2009 and sellers waited longer to sell their homes with average days on market up 35%.
Weddington NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Weddington NC for single family homes in 2008 and 2009 plus each 2009 quarter.
Single Family Homes in Weddington NC
2008 Average Sales Price: $628,610 2009 Average Sales Price: $599,265 Year-to-Year Change: -4%
2008 Number of Homes Sold: 73 2009 Number of Homes Sold: 61 Year-to-Year Change: -16%
2008 Average Days on Market: 128 2009 Average Days on Market: 173 Year-to-Year Change: +35%
Most Active Neighborhoods in Weddington NC 2009
The most active Weddington NC neighborhoods are listed below. Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.
Copyright 2010. Carol Fox. Allen Tate Realtors. *Weddington NC Real Estate Market Report—2009*
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Thanks for sharing the stats for your area with us. I always like to compare wih our area.