Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review
Beautiful stone gates announce your arrival in Highgate, a WeddingtonNC neighborhood just minutes from the interchange of I-485 and Providence Road. A wooded and landscaped entry road winds through this luxury neighborhood of upscale homes of stone and brick. Large heavily wooded lots ensure privacy for Highgate homeowners.
Highgate Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Highgate can be found in the tables below. What can Highgate buyers and sellers learn from these statistics?
- Thirty percent of the sales year-to-date in Highgate have been foreclosures. The foreclosures plus the fact that smaller homes have sold in 2011 most likely account for the downward trend of the median closed price in the neighborhood. The 2011 median price is off nearly 30% from 2010 while the median square footage is only off 17.4%.
- With prices trending downward, now is a great time for buyers to consider a purchase in this luxury neighborhood.
Single Family Homes
| Highgate Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $890,000 | 5514 | 77 | 90% |
| Year 2010 | $1,035,000 | 5661 | 198 | 88% |
| YTD 2011 | $725,000 | 4673 | 149 | 91% |
Source: Carolina Multiple Listing Service
Highgate Types of Closed Sales
| Highgate Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 9 | 69.2%% |
| New Construction | n/a | n/a |
| Foreclosure | 4 | 30.8% |
| Short Sale | n/a | n/a |
Source: Carolina Multiple Listing Service
Read more about Highgate, its community amenities, builders and public schools: Highgate in Weddington NC—Homes for Sale and Neighborhood Profile
Highgate Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review*
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