Shannamara in Stallings NC--2010 Real Estate Market Update

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

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 neighboShannamara in Stallings NCrhood 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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Ever wonder what your Shannamara home is worth?

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Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Shannamara in Stallings NC—2010 Real Estate Market Update*

 

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