Emerald Lake in Stallings NC--2010 Real Estate Market Update

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

Emerald Lake in Stallings NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Emerald Lake.

Picture your next home with views of a beautiful golf course. Golf Course Clipart If this is your vision, you will want to take a look at Emerald Lake in Stallings NC where the Emerald Lake golf course winds through the neighborhood.  Custom and semi-custom brick and stone luxury homes give Emerald Lake a lot of appeal.  The neighborhood location is ideal.  A community shopping center with grocery store, gas station, and restaurants is nearby.  An interchange with I-485 is within two miles of Emerald Lake making access to Charlotte workplaces and amenities easy.

How did the 2010 real estate market in Emerald Lake compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Eight single family homes sold in the neighborhood in 2010 compared with 13 in 2009. 

Emerald Lake Real Estate Market Comparison

Single Family Homes

Median prices declined 1.5% in 2010 while median square footage dropped 8.2%.  This means that Emerald Lake homes were selling for slightly more dollars per square foot in 2010.  Median days on market more than tripled and the median list to sale ratio decreased to 95%.

Emerald Lake
Single Family Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $365,000 3744 47 96%
Year 2010 $359,250 3436 140 95%

Source:  Carolina Multiple Listing Service

Emerald Lake Types of Closed Sales

Over 62% of the sales in Emerald Lake in 2010 were market resales.  Foreclosures and short sales accounted for the remaining 3 sales.  There is no new construction in the neighborhood.

Emerald Lake Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 5 62.5%
New Construction n/a n/a
Foreclosure 2 25%
Short Sale 1 12.5%

Source:  Carolina Multiple Listing Service 

Read more about Emerald Lake, its community amenities, builders and public schools: Emerald Lake in Stallings NC:  Neighborhood Profile and Homes for Sale

Emerald Lake Homes for Sale

Click here to see Emerald Lake homes for sale.

Ever wonder what your Emerald Lake home is worth?

Click here to receive a free market evaluation.

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

 

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