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Highgate in Weddington NC Real Estate Market Report--2011 Year-to-Date Review

Carol Fox,  Charlotte Neighborhoods, Union County NC Real Estate Broker: Real Estate Agent in Matthews, NC

Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review

Beautiful stone gates announce your arrival in Highgate, a WeddingtonNC neighborhood just minutes from the interchange of I-485 and Providence Road. A wooded and landscaped entry road winds through this luxury neighborhood of upscale homes of stone and brick. Large heavily wooded lots ensure privacy for Highgate homeowners.Highgate in Weddington NC

Highgate Real Estate Market Comparison

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

  1. Thirty percent of the sales year-to-date in Highgate have been foreclosures. The foreclosures plus the fact that smaller homes have sold in 2011 most likely account for the downward trend of the median closed price in the neighborhood. The 2011 median price is off nearly 30% from 2010 while the median square footage is only off 17.4%.
  2. With prices trending downward, now is a great time for buyers to consider a purchase in this luxury neighborhood.

Single Family Homes

Highgate
Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $890,000 5514 77 90%
Year 2010 $1,035,000 5661 198 88%
YTD 2011 $725,000 4673 149 91%

Source: Carolina Multiple Listing Service

Highgate Types of Closed Sales

Highgate Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 9 69.2%%
New Construction n/a n/a
Foreclosure 4 30.8%
Short Sale n/a n/a

Source: Carolina Multiple Listing Service

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

Highgate Homes for Sale

Click here to see Highgate homes for sale.

Ever wonder what your Highgate home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Highgate in Weddington NC Real Estate Market Report—2011 Year-to-Date Review*

Highgate in Weddington NC--2010 Real Estate Market Update

Carol Fox,  Charlotte Neighborhoods, Union County NC Real Estate Broker: Real Estate Agent in Matthews, NC

Highgate in Weddington NC—2010 Real Estate Market Update

Beautiful stone gates announce your arrival at Highgate, one of Union County’s prettiest luxury home neighborhoods. Highgate in Weddington NC Located in Weddington NC, Highgate has custom homes of brick, stone and stucco on wooded estate-sized lots. Highgate’s location along Providence Road just inside Union County offers residents easy access to the shopping and entertainment amenities of South Charlotte.

How did the 2010 real estate market in Highgate compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The real estate market in Highgate improved substantially in 2010. Twenty one homes sold in the neighborhood, almost twice as many as in 2009. The median closed price also improved, up 14% over 2009. The median square footage of homes sold in each year was similar, indicating a rise in the value of the homes sold on a dollar per square foot basis. While prices rose in 2010, median days on the market also increased requiring Highgate sellers to wait longer for a sale. The median list to sale ratio also dropped to 88% of asking price.

Highgate Real Estate Market Comparison

Single Family Homes

Highgate
Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $890,000 5514 77 90%
Year 2010 $1,035,000 5661 198 88%

Source: Carolina Multiple Listing Service

The mix of closed sale types affects the real estate market in any neighborhood. In 2010, Highgate resale sellers were competing with new construction and foreclosures. The table shows that almost a quarter of closed sales were foreclosures and short sales. The substantial number of new construction sales during 2010 may have contributed to the higher median closed prices.

Highgate Types of Closed Sales

Highgate Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 9 42.8%
New Construction 7 33.3%
Foreclosure 4 19%
Short Sale 1 4.9%

Source: Carolina Multiple Listing Service

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

Highgate Homes for Sale

Click here to see Highgate homes for sale.

Ever wonder what your Highgate home is worth?

Click here to receive a free market evaluation.

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

Highgate Homes in Weddington-Highgate Homes for Sale

09-18-10
Jane Cross
Jane Cross: Real Estate Agent in Charlotte, NC

Highgate Homes in Weddington-Highgate Homes for Sale

Highgate homes for sale, housing data and links for neighborhoods real estate listings in Weddington, NC-Union County. The following report numbers are market averages for “sold” properties (as noted in the MLS), using recorded Highgate home sales.

Highgate Housing Market Report: January - September, 2010:

Status
# of Homes
Listing Price
Sold Price
Days on Market
Active
19
$1,071,458

71
Pending
0



Status=SOLD




2010
4
$1,186,475
$990,000
88
2009
14
$1,171,850
$1,061,047
225

OUR LINKS ARE UPDATED DAILY, but will not work with AOL browsers.

* Waxhaw Homes for Sale
* Weddington Homes
* Matthews Real Estate for Sale
* South Charlotte Homes for Sale
* Ballantyne Homes for Sale
* Homes for Sale in Indian Trail
* Homes for Sale in Marvin

If you are a homebuyer or seller, interested in buying a home in Highgate or viewing homes for sale in Weddington, please give us a call. We live in the area, and know it well.

Claude Cross 704-975-1733 or Jane Cross 704-608-0228
Visit our Site

Use our site to find Highgate homes in Weddington as well as all real estate for sale.

First Time Buyers , Custom Homes and Relocation Needs

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Bridgehampton
Highgate homes
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Kensington at Ballantyne homes Hunter Oaks
Myers Park Somerset
Piper Glen homes for sale Ardrey
Lake Norman
Lake Wylie

Highgate Homes, Highgate Homes for Sale, Highgate Homes in Weddington, Highgate Real Estate, Highgate Home Listings in Weddington, NC Union County.

Highgate Homes for Sale-Weddington Realty- Homes in Highgate

05-26-10
Jane Cross
Jane Cross: Real Estate Agent in Charlotte, NC

Highgate homes for sale, Highgate housing data and links for neighborhoods real estate listings in Weddington. The following report numbers are market averages for Highgate “sold” properties (as noted in the MLS), using recorded home sales.

Highgate Housing Market Report: January 1-May 25, 2010:

Status

# of Homes

List Price

Sold Price

%SP/LP

Days on Market

Active

5

$1,191,170

136

Pending

1

$1,199,000

139

Status=SOLD
in Spring:

# of Homes

List Price

Sold Price

%SP/LP

Days on Market

2010

7

$1,386,200

$1,212,678

88%

256

2009

2

$1,724,700

$1,359,500

84%

285

2008

4

$1,090,696

$1,116,822

102%

35

OUR LINKS ARE UPDATED DAILY, but will not work with AOL browsers.

* Highgate Homes For Sale
* Highgate Community and School Information
* Waxhaw Homes for Sale
* Weddington Homes

* Matthews Real Estate for Sale
* South Charlotte Homes for Sale
* Ballantyne Homes for Sale
* Homes for Sale in Indian Trail
* Homes for Sale in Marvin

If you are a homebuyer or seller, interested in buying a home in Highgate or viewing homes for sale in Highgate, please give us a call. We live in the area, and know it well. Click here to learn more about living in Weddington.

Claude Cross 704-975-1733
Jane Cross 704-608-0228
Visit our Site

Use our site to find Highgate homes in Weddington as well as all real estate for sale.

First Time Buyers , Custom Homes and Relocation Needs

Highgate homes for sale, Highgate homes, Highgate custom homes, Weddington realty, Weddington homes for sale

Highgate Real Estate-Weddington Custom Home-Highgate Homes for Sale

Claude Cross - Charlotte NC Homes For Sale: Real Estate Brokerage in Charlotte, NC

Highgate real estate and Highgate homes for sale and Weddington NC listings analysis. Here is a quick review on Weddington homes for sale in Highgate, spanning current activity since October of 2009, and going back to review the same time span for the past three years-the numbers are all based on the market averages for Highgate real estate.

If you would like a free in-depth market analysis for your neighborhood, just give us a call and we will be happy to provide that to you.

Highgate MLS Housing Activity from 10/01/2009 through 3/01/2010

Status # of Homes List Price Sold Price %SP/LP Days on Market
Active 13 $1,123,061 81
Pending 3 $1,311,300 197
Status=SOLD # of Homes List Price Sold Price %SP/LP Days on Market
2009-2010 5
$936,940 $841,500 91% 133
2008-2009 2 $1,139,900 $1,079,500 95% 198
2007-2008w/new 8 $1,288,544 $1,307,724 102% 80

If you are a buyer or seller, interested in homes for sale in Highgate, please give us a call. We live in the area, and know it well. Find more information on Weddington or view other neighborhoods within this area.

Please note, our home search links will NOT work with AOL browsers.

OUR LINKS ARE UPDATED DAILY


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Claude Cross 704-975-1733
Jane Cross 704-608-0228
Broker/Owners of Homes By Cross, Inc.


We’ve been providing professional Charlotte area real estate services since 1994, and would love the chance to earn your business-call us today!

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