Stallings NC Real Estate Market Report—July-September 2010
How did the Stallings NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?
Closing activity and average prices dropped in the Stallings NC market in the third quarter of 2010. The third quarter average sales price was off 6% from the 2009 average sales price and off 9% from the second quarter of 2010. The number of homes sold during the third quarter dropped 28% from the second quarter. These lower numbers are most likely a result of the end of the federal tax credits.
Stallings NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Stallings NC for single family homes and townhomes in 2008 and 2009 plus the first three quarters of 2010.
Single Family Homes in Stallings NC
2009 Average Sales Price: $208,519 First Quarter 2010 Average Sales Price: $195,433 Second Quarter 2010 Average Sales Price: $215,207 Third Quarter 2010 Average Sales Price: $195,367
2009 Number of Homes Sold: 125 First Quarter 2010 Number of Homes Sold: 16 Second Quarter 2010 Number of Homes Sold: 32 Third Quarter 2010 Number of Homes Sold: 23
2009 Average Days on Market: 113 First Quarter 2010 Average Days on Market: 132 Second Quarter 2010 Average Days on Market: 103 Third Quarter Average Days on Market: 102
Townhomes and Condominiums in Stallings NC
2009 Average Sales Price: $137,890 First Quarter 2010 Average Sales Price: $118,750 Second Quarter 2010 Average Sales Price: $120,500 Third Quarter 2010 Average Sales Price: $84,000
2009 Number of Homes Sold: 18 First Quarter 2010 Number of Homes Sold: 4 Second Quarter 2010 Number of Homes Sold: 5 Third Quarter 2010 Number of Homes Sold: 1
2009 Average Days on Market: 119 First Quarter 2010 Average Days on Market: 119 Second Quarter 2010 Average Days on Market: 72 Third Quarter 2010 Average Days on Market: 187
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Stallings NC
The most active Stallings 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. *Stallings NC Real Estate Market Report—July-September 2010*
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