Shannamara in Stallings NC—2010 Real Estate Market Update
Click here for an update to the 2011 real estate market in Shannamara.
Shannamara is a large golf course community in Stallings NC. The neighbo
rhood has a mix of production and custom-built homes built from the 1990s until about 2005. Most of the homes have full brick exteriors or brick fronts. Lot sizes are generous with beautiful wooded backyards and golf course views. Shannamara is located off Stevens Mill Road within a mile or two of two interchanges with I-485. Community shopping and restaurants are nearby.
How did the 2010 real estate market in Shannamara compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The 2010 real estate market in Shannamara improved slightly with median closed prices up 1.5% Twenty two single family homes sold in the neighborhood compared with 19 in 2009. While 2010 home prices were up in Shannamara, homes took longer to sell. Median days on market increased 68% in 2010.
Shannamara Real Estate Market Comparison
Single Family Homes
| Shannamara Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $308,750 | 2973 | 58 | 96% |
| Year 2010 | $313,500 | 3016 | 98 | 96% |
Source: Carolina Multiple Listing Service
Shannamara Types of Closed Sales
Over sixty percent of Shannamara’s home sales in 2010 were market resales. Foreclosures and short sales accounted for about 36% of the marketplace.
| Shannamara Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 14 | 63.6% |
| New Construction | n/a | n/a |
| Foreclosure | 5 | 22.7% |
| Short Sale | 3 | 13.7% |
Source: Carolina Multiple Listing Service
Read more about Shannamara, its community amenities, builders and public schools: Shannamara in Stallings NC: Homes for Sale and Neighborhood Profile.
Shannamara Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Shannamara in Stallings NC—2010 Real Estate Market Update*
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