Cureton in Waxhaw NC Real Estate Market Report—2011 Mid-Year Review
Located in historic Waxhaw NC, Cureton is a 380-acre mixed use development where you can find a single family home or a townhome. Cureton residents can use the 4000 square foot amenity center with water park and community lake or walk to the nearby community shopping center with grocery store, restaurants and banks.
Cureton Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Cureton can be found in the tables below. What can Cureton buyers and sellers learn from these statistics?
- Both single family and townhome prices have continued to drop in 2011. Single family median prices are down 3.8% from 2010 while townhome prices are down 16.8%. I believe that single family prices are down this year because of the significant number of foreclosures and short sales. Most townhome sales have been new construction indicating that builders have lowered their prices.
- Single family homes have the roughly the same median days on market and median list to sale ratio as 2010. Townhomes, however, are taking longer to sell in 2011 and the median list to sale ratio has dropped to 91%.
- New construction makes up over 70% of the townhome market in 2011 and a third of the single family market.
- Foreclosures and short sales are 50% of the single family market, probably reflecting the fact that Cureton construction began at the height of the housing boom.
Single Family Homes
| Cureton Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $253,821 | 2909 | 20 | 97% |
| Year 2010 | $246,835 | 2826 | 109 | 96% |
| YTD 2011 | $237,362 | 2995 | 110 | 96% |
Source: Carolina Multiple Listing Service
Townhomes
| Cureton Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $154,675 | 1295 | 3 | 94% |
| Year 2010 | $147,835 | 1388 | 110 | 93% |
| YTD 2011 | $122,900 | 1280 | 294 | 91% |
Source: Carolina Multiple Listing Service
Cureton Sales Types
| Cureton Sales Types Single Family | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 2 | 16.7% |
| New Construction | 4 | 33.3% |
| Foreclosure | 4 | 33.3% |
| Short Sale | 2 | 16.7% |
Source: Carolina Multiple Listing Service
| Cureton Sales Types Townhomes | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 1 | 14.3% |
| New construction | 5 | 71.4% |
| Foreclosure | 1 | 14.3% |
| Short Sale | n/a | n/a |
Source: Carolina Multiple Listing Service
Read more about Cureton, its community amenities, builders and public schools: Cureton in Waxhaw NC: Homes for Sale and Neighborhood Profile.
Cureton Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Cureton in Waxhaw NC Real Estate Market Report—2011 Mid-Year Review*
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