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Home Cureton in Waxhaw NC--2010 Real Estate Mar...

Cureton in Waxhaw NC--2010 Real Estate Market Update

Cureton in Waxhaw NC—2010 Real Estate Market Update

A 4000 square foot amenity center with water park and community lake welcomes you to Cureton, a walkable mixed use neighborhood in Waxhaw NC. Cureton in Waxhaw NC The neighborhood includes a community shopping center with a grocery, restaurants and banks. This 380-acre Waxhaw neighborhood includes both single family homes and townhomes. New construction is ongoing in Cureton. Resale homes are available as well.

How did the 2010 real estate market in Cureton compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The 2010 real estate market in Cureton was very similar to the 2009 market. Forty one single family homes sold in the neighborhood compared with 40 in 2009. The median closed price was down slightly in 2010 as was the median square footage of the single family homes sold. Median days on market nearly quadrupled in 2010 but this may be an indication that builder inventory homes took longer to sell.

Cureton townhomes were larger and sold for less money in 2010, indicating falling prices. Median prices were off 4.4% in 2010. Like the single family homes, median days on market increased dramatically. The median list to sale ratio for townhomes was 93%.

Cureton Real Estate Market Comparison

Single Family Homes

Cureton
Market Update		 Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $253,821 2909 20 97%
Year 2010 $246,835 2826 109 96%

Source: Carolina Multiple Listing Service

Townhomes

Cureton Market Update Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $154,675 1295 3 94%
Year 2010 $147,835 1388 110 93%

Source: Carolina Multiple Listing Service

Cureton Types of Closed Sales

Over sixty percent of the homes closed in Cureton in 2010 were new construction. This was true of both single family homes and townhomes. Almost 25% of the single family home sales and nearly 38% of the townhome sales were foreclosures or short sales. Accordingly, resale sellers faced very stiff competition for homebuyers in 2010.

Cureton Sales Types Single Family Number of Closed Sales Percentage of Closed Sales
Resale 4 9.7%
New Construction 27 65.8%
Foreclosure 7 17%
Short Sale 3 7.5%

Source: Carolina Multiple Listing Service

Cureton Sales Types Townhomes Number of Closed Sales Percentage of Closed Sales
Resale 0 0
New construction 5 62.5%
Foreclosure 2 25%
Short Sale 1 12.5%

Source: Carolina Multiple Listing Service

Read more about Cureton, its community amenities, builders and public schools: Cureton in Waxhaw NC: Homes for Sale and Neighborhood Profile.

Cureton Homes for Sale

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

Posted Monday Jan 24