Mint Hill NC Real Estate Market Report—April-June 2010
How did the Mint Hill NC real estate market fare in the second quarter of 2010 and how did it compare with 2009?
Activity in the Mint Hill NC real estate market during the second quarter showed the effects of the federal tax credit stimulus. The number of single family homes sold during the second quarter increased more than 300% over first quarter closings. Average sales prices in the second quarter were off approximately 12% likely reflecting the number of first time home buyers in the marketplace. Average days on market decreased substantially in the second quarter.
Fewer townhomes and condos sold in the second quarter in Mint Hill. The average price declined slightly while average days on market showed a substantial decrease.
Mint Hill NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Mint Hill NC for single family homes and townhomes in 2008 and 2009 plus first and second quarter 2010.
Single Family Homes in Mint Hill NC
2009 Average Sales Price: $246,025 First Quarter 2010 Average Sales Price: $244,428 Second Quarter 2010 Average Sales Price: $214,814
2009 Number of Homes Sold: 147 First Quarter 2010 Number of Homes Sold: 21 Second Quarter 2010 Number of Homes Sold: 66
2009 Average Days on Market: 114 First Quarter 2010 Average Days on Market: 158 Second Quarter 2010 Average Days on Market: 94
Townhomes and Condominiums in Mint Hill NC
2009 Average Sales Price: $282,247 First Quarter 2010 Average Sales Price: $153,378 Second Quarter 2010 Average Sales Price: $149,666
2009 Number of Homes Sold: 4 First Quarter 2010 Number of Homes Sold: 5 Second Quarter 2010 Number of Homes Sold: 3
2009 Average Days on Market: 176 First Quarter 2010 Average Days on Market: 116 Second Quarter 2010 Average Days on Market: 69
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Mint Hill NC
The most active Mint Hill 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. *Mint Hill NC Real Estate Market Report—April-June 2010*
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