The 2011 Mint Hill NC Real Estate Market--Four Facts

The 2011 Mint Hill NC Real Estate Market—Four Facts

It's time to look at the real estate market in Mint Hill NC and to assess how home buyers and home sellers fared in 2011.

Here are four facts about the Mint Hill marketplace in 2011.

1. The Mint Hill single family real estate market has experienced a steep decline in prices since 2008 with the median price in 2011 over 30% below the median price in 2008.
2. The number of single family homes sold in 2011 was slightly above 2009 levels but approximately 11% below 2010.
3. Townhome prices also declined in 2011 dropping almost 8% below 2010 prices.
4. Distressed sales made up approximately 35% of all sales in Mint Hill in 2011.

What do these four facts mean for Mint Hill buyers and sellers?

• Mint Hill home sellers are feeling the impact of the large number of foreclosures and short sales in the steep price declines over the past four years.
• Home buyers will find the Mint Hill market to be very affordable.

Want to learn more about the real estate market in Mint Hill and see all the numbers for each of the past four years? Want to know where the most active Mint Hill neighborhoods were in 2011? Click on the link below.

Mint Hill NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Mint Hill NC Real Estate Market—Four Facts*