Weddington, NC is located just 15 miles south of Uptown Charlotte.  This town offers beautiful tree lined roads, many horse lovers and is mostly comprised of low density single family residences. 

Let’s take a look at  market conditions in Weddington, NC.

Active Homes (currently on the market)

Total:  53

Average Days on Market: 211

Average List Price: $708,636

SOLD Homes (from 1/1/11 – 4/11/11)

Total:  17

Average Days on Market:  215

Average List Price:  $684,871

Average Sales Price:  $599,562

These figures are from the local MLS and a macroscopic view of the Weddington Real Estate market.

I am asked all the time, “How is the Real Estate market”?  While every local market is different, one thing does remain the same:  There will always be homes for sale and there will always be buyers.  We are all aware of the growing/grown number of foreclosures and short-sales all over the country.  However, there have always been foreclosures and short-sales.  The biggest obstacle at this time is the decreasing home values which make it more difficult for home sellers to sell.  But at the same time, mortgage rates are so low that it makes a great time to buy.

So this brings me to ask you, the readers a question.  If you’re a buyer – are you ready to buy?  If not, what is keeping you from buying?  If you’re a seller – have you listed your home?  If not – what  is preventing you from listing?  Getting a feel for the Real Estate climate through our community is essential for all of us in this recovery so let’s get some dialogue flowing!