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Weddington Chase in Marvin NC--2010 Real Estate Market Update

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Real Estate Agent with Allen Tate Company 704-905-3935 105804

Weddington Chase in Marvin NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Weddington Chase.

Weddington Chase at the intersection of Providence Road and New Town Road in Marvin NC is a neighborhood of luxury homes on half acre and acre lots. Weddington Chase in Marvin NC A landscaped parkway leads to the neighborhood amenity center with clubhouse, pool and tennis courts.

How did the 2010 real estate market in Weddington Chase compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Sixteen single family homes sold in the neighborhood in 2010 compared with 12 in 2009. 

Weddington Chase Real Estate Market Comparison

Single Family Homes

The median sales price dropped 8.4% in 2010 while the median square footage dropped only 1.9%.  On a per square foot basis, Weddington Chase homes were selling for more in 2010 than in 2009.

Weddington Chase
Single Family Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $535,750 4652 56 96%
Year 2010 $490,365 4563 93 85%

Source:  Carolina Multiple Listing Service

Weddington Chase Types of Closed Sales

The 2010 market in Weddington Chase was relatively healthy with 75% of total sales as market resales.  Foreclosures and short sales accounted for 25% of the total.

Weddington Chase Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 12 75%
New Construction n/a n/a
Foreclosure 3 18.7%
Short Sale 1 6.3%

Source:  Carolina Multiple Listing Service 

Read more about Weddington Chase, its community amenities, builders and public schools: Weddington Chase in Marvin NC:  Homes for Sale and Neighborhood Profile

Weddington Chase Homes for Sale

Click here to see Weddington Chase homes for sale.

Ever wonder what your Weddington Chase home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Weddington Chase in Marvin NC—2010 Real Estate Market Update*

 

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