The 2011 Weddington NC Real Estate Market--Four Facts

The 2011 Weddington NC Real Estate Market—Four Facts

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

Here are four facts about the Weddington marketplace in 2011.

• The number of homes sold was the same as the number sold in 2010 and more than units sold in 2008 or 2009.
• The median sales price of $412,500 continued declining in 2011, down 13.1% from 2010 and off 27.3% since 2008.
• New construction accounted for only 11% of all sales in 2011.
• Distressed sales made up a quarter of the 2011 market.

What do these four facts mean for Weddington buyers and sellers?

1. The luxury home market continues to suffer from the lack of new homes being built and the impact of distressed sales on pricing.
2. Home buyers in Weddington can find some of the best values ever in this small town.

Want to learn more about the real estate market in Weddington and see all the numbers for each of the past four years? Click on the link below.

Weddington NC Real Estate Market Report—Year 2011

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