Hunter Oaks in Marvin NC Real Estate Market Report--2011 Year-to-Date Review

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

Hunter Oaks in Marvin NC Real Estate Market Report—2011 Year-to-Date Review

2011-11-6

A short drive down Rea Road into Union County NC brings you to Hunter Oaks, a community near the Village of Marvin.  This large neighborhood composed of several distinct villages is located on both sides of Rea Road.Hunter Oaks in Marvin NC  A very popular neighborhood with great schools, Hunter Oaks is conveniently located near upscale shopping in South Charlotte and an interchange with I-485.

Hunter Oaks Real Estate Market Comparison

A detailed comparison of the 2011 year-to-date real estate market in Hunter Oaks can be found in the tables below.  What can Hunter Oaks buyers and sellers learn from these statistics?

  1. Nearly 85% of Hunter Oaks sales year-to-date are market resales.  The remaining sales were foreclosures or short sales.  This indicates a healthy marketplace in the neighborhood for sellers.
  2. The 2011 median closed price in Hunter Oaks dropped 7.4% from 2009 and 2.1% from 2010 while the median square footage remained the same.  Because homes in Hunter Oaks are selling for less in 2011, buyers may be able to find good buys in this popular neighborhood.

Single Family Homes

Hunter Oaks
Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $350,000 3182 49 95%
Year 2010 $331,000 3113 67 96%
YTD 2011 $324,027 3181 96 96%

Source: Carolina Multiple Listing Service

Hunter Oaks Types of Closed Sales

Hunter Oaks Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 27 84.5%
New Construction n/a n/a
Foreclosure 3 9.3%
Short Sale 2 6.2%

Source: Carolina Multiple Listing Service

Read more about Hunter Oaks, its community amenities, builders and public schools: Hunter Oaks in Marvin NC: Homes for Sale and Neighborhood Profile

Hunter Oaks Homes for Sale

Click here to see Hunter Oaks homes for sale.

Ever wonder what your Hunter Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Hunter Oaks in Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review*

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