Hunter Oaks in Marvin NC Real Estate Market Report—2011 Year-to-Date Review
2011-11-6
A short drive down Rea Road into Union County NC brings you to Hunter Oaks, a community near the Village of Marvin. This large neighborhood composed of several distinct villages is located on both sides of Rea Road.
A very popular neighborhood with great schools, Hunter Oaks is conveniently located near upscale shopping in South Charlotte and an interchange with I-485.
Hunter Oaks Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Hunter Oaks can be found in the tables below. What can Hunter Oaks buyers and sellers learn from these statistics?
- Nearly 85% of Hunter Oaks sales year-to-date are market resales. The remaining sales were foreclosures or short sales. This indicates a healthy marketplace in the neighborhood for sellers.
- The 2011 median closed price in Hunter Oaks dropped 7.4% from 2009 and 2.1% from 2010 while the median square footage remained the same. Because homes in Hunter Oaks are selling for less in 2011, buyers may be able to find good buys in this popular neighborhood.
Single Family Homes
| Hunter Oaks Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $350,000 | 3182 | 49 | 95% |
| Year 2010 | $331,000 | 3113 | 67 | 96% |
| YTD 2011 | $324,027 | 3181 | 96 | 96% |
Source: Carolina Multiple Listing Service
Hunter Oaks Types of Closed Sales
| Hunter Oaks Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 27 | 84.5% |
| New Construction | n/a | n/a |
| Foreclosure | 3 | 9.3% |
| Short Sale | 2 | 6.2% |
Source: Carolina Multiple Listing Service
Read more about Hunter Oaks, its community amenities, builders and public schools: Hunter Oaks in Marvin NC: Homes for Sale and Neighborhood Profile
Hunter Oaks Homes for Sale
Click here to see Hunter Oaks homes for sale.
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Hunter Oaks in Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review*
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