The real estate market feels like a giant roller coaster ride, doesn’t it? Unfortunately, it feels as if we’ve been on the downslope for a very long time. RealEstate.com recently published an infographic about the national coaster ride called Crash and Bounce. The infographic shows that the national market has been on a trillion dollar ride where the market lost nine trillion dollars in value during the five year crash. But since November of 2011, the market’s regained 3.2 trillion dollars of that value.
You can see the Crash and Bounce infographic below.
What about the Union County NC real estate market? Are we still heading down or is there some bounce in the local market?
Prices are starting to rise in Union County as a whole and there is bounce in most of the county’s small towns. The table below shows where the county and some of these towns are on the real estate roller coaster based on median closed prices.
| Year 2011 | Third Quarter 2012 | Change | |
| Union County | $200,000 | $205,442 | +2.7% |
| Marvin | $542,975 | $614,066 | +13% |
| Stallings | $100,495 | $203,500 | +2% |
| Monroe | $113,950 | $118,000 | +3.5% |
| Indian Trail | $155,597 | $164,254 | +5.5% |
| Weddington | $412,500 | $430,000 | +4.2% |
| Waxhaw | $235,000 | $281,250 | +19.6% |
| Wesley Chapel | $301,000 | $280,750 | -6.7% |
Source: Carolinas Multiple Listing Service
The table shows that every location with the exception of Wesley Chapel has seen an increase in median closed prices when the third quarter of 2012 is compared with Year 2011. The increases can be as small as 2% or as high as 19%.
Want to know more about real estate and living in Union County NC? Request a free Union County NC relocation package.
Riding the Trillion-Dollar Real Estate Recovery Roller Coaster.
Comments(0)