Skyecroft in Weddington NC--2010 Real Estate Market Update

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

Skyecroft in Weddington NC—2010 Real Estate Market Update

Skyecroft is a luxury gated community near Weddington NC.  You’ll feel that you’ve entered a European village when you pass through Skyecroft’s beautiful stone gates.  Beautiful luxury homes of stone, stucco and brick with an old world flair line the streets.

How did the 2010 real estate market in Skyecroft compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace. Six homes sold in 2010 compared with 7 in 2009. 

Skyecroft Real Estate Market Comparison

Skyecroft homes sold dropped in size and in price in 2010.  The median sales price was down 4.9%.  On a dollar per square foot basis, sellers were receiving 3.3% less for their homes in 2010.  Median days on market increased 140% to 168 days.  The median list to sale ratio dropped to 89%.

Resales and new construction accounted for most 2010 sales in Skyecroft.

Single Family Homes

Single Family Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $800,000 5940 70 95%
Year 2010 $760,600 5237 168 89%

Source:  Carolina Multiple Listing Service

Skyecroft Types of Closed Sales

Skyecroft Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 3 50%
New Construction 2 33%
Foreclosure 1 17%
Short Sale n/a n/a

Source:  Carolina Multiple Listing Service 

Read more about Skyecroft, its community amenities, builders and public schools:  Skyecroft in Weddington NC:  Homes for Sale and Neighborhood Profile

Skyecroft Homes for Sale

Click here to see Skyecroft homes for sale.

Ever wonder what your Skyecroft home is worth?

Click here to receive a free market evaluation.

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


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