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Weddington NC Real Estate Market Report--January-March 2011

Weddington NC Real Estate Market Report—January-March 2011

Thirteen homes sold in Weddington NC during the first quarter of 2011. Weddington NC Town Hall The median price of $410,000 represented a 15.7% drop from the median price in 2010.  The highest priced Weddington home in the first quarter sold for $975,000.  Median days on market increased almost 40% from 2010.

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

  • Pricing for Weddington NC sellers continues to decline and days on market continues to increase.   
  • Buyers for properties in Weddington can find the best values in years.

Single Family Homes

Weddington Single Family Homes Year 2008 Year 2009 Year 2010 Quarter 1  Year 2011
Median Sales Price $567,917 $500,000 $475,000 $410,000
Number of Homes Sold 72 58 90 13
Median Days on Market 31 68 103 144

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Weddington NC  First Quarter 2011

The following neighborhoods had the most sales activity during the first quarter.  Click on the neighborhood for more information and a list of homes for sale.

Highgate

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


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