Chestnut Oaks in Stallings NC—2010 Real Estate Market Update
Click here for an update to the 2011 real estate market in Chestnut Oaks.
If you like bungalow-style homes and big front porches with gingerbread trim, visit Chestnut Oaks in Stallings NC. 
This neighborhood of single family home and townhomes is nearly complete but does have some new construction. The Chestnut Oaks location is very conveniently located adjacent to Austin Village with its new Harris Teeter grocery, shops, a pharmacy, a day care and offices.
How did the 2010 real estate market in Chestnut Oaks compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Thirteen single family homes sold in 2010 compared with 11 in 2009. Chestnut Oaks has a small townhome section as well. There were no townhome sales in 2010.
Chestnut Oaks Real Estate Market Comparison
In 2010, Chestnut Oaks median sales prices were dramatically higher. The median square footage was larger as well. The sales price per square foot was equal in 2009 and in 2010 demonstrating that the median home price was stable during these two years. Median days on market increased slightly in 2010 and the list to sale ratio dropped to 96%.
Over half the sales in 2010 were market resales. Foreclosures and short sales accounted for a little over 30% of the market. There were two new construction sales as well.
Single Family Homes
| Chestnut Oaks Single Family Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $219,900 | 2243 | 63 | 93% |
| Year 2010 | $250,000 | 2738 | 74 | 96% |
Source: Carolina Multiple Listing Service
Chestnut Oaks Types of Closed Sales
| Chestnut Oaks Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 7 | 53.8% |
| New Construction | 2 | 15.3% |
| Foreclosure | 3 | 23% |
| Short Sale | 1 | 7.9% |
Source: Carolina Multiple Listing Service
Read more about Chestnut Oaks, its community amenities, builders and public schools: Chestnut Oaks in Stallings NC: Homes for Sale and Neighborhood Profile
Chestnut Oaks Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Chestnut Oaks in Stallings NC—2010 Real Estate Market Update*
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