Weddington NC Real Estate Market Report—April-June 2011
Weddington NC is home to large lots and luxury neighborhoods.
The real estate market in Weddington during the second quarter of 2011 improved over the first quarter. Twenty three homes sold during this time period compared with only 13 during the first quarter. The median sales price improved slightly over the first quarter. Median days on market declined 17.3% in the second quarter.
What do the second quarter 2011 numbers mean for Weddington buyers and sellers?
- Sellers in Weddington may find the market improving as more buyers mean stabilizing prices and fewer days on market.
- Buyers for properties in Weddington can still find bargains as median prices during the first half of 2011 have declined substantially from 2010 prices.
Single Family Homes
| Weddington Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $567,917 | $500,000 | $475,000 | $410,000 | $412,500 |
| Number of Homes Sold | 72 | 58 | 90 | 13 | 23 |
| Median Days on Market | 31 | 68 | 103 | 144 | 119 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Weddington Second Quarter 2011
The following neighborhoods had the most sales activity during the second quarter. Click on the neighborhood for more information and a list of homes for sale.
Hadley Park
Copyright 2011. Carol Fox. Allen Tate Realtors. *Weddington NC Real Estate Market Report—April-June 2011*
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