Union County Real Estate Talk

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

Marvin NC Real Estate Market Report—January-March 2011

Marvin NC is a rural town in the northwestern part of Union County. Marvin Creek Neighborhood Because of its low density development, Marvin doesn’t have very many home sales.  During the first quarter of 2011, there were eight home sales.  The median price increased 2.7% over 2010 and roughly the same over 2009.  Median days on market dropped 49.1% in the first quarter.

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

  • Sellers in Marvin may find home prices stabilizing. 
  • Buyers for properties in Marvin may have more confidence in its housing market.

Single Family Homes

Marvin Single Family Homes Year 2008 Year 2009 Year 2010 Quarter 1  Year 2011
Median Sales Price $731,250 $573,270 $570,000 $585,804
Number of Homes Sold 34 30 39 8
Median Days on Market 33 38 118 60

Source: Carolina Multiple Listing Service 

 Most Active Neighborhoods in Marvin  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.

Marvin Creek

Firethorne

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


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