Let’s take a look at the latest market conditions in Weddington, NC this month!

Active Homes (currently on the market)

Total:  25

Average Days on Market: 1151

Average List Price: $856,766

UNDER CONTRACT Homes

Total:  7

Average Days on Market:  168

Average List Price:  $581,553

SOLD Homes (from 1/27/12 – 2/08/12)

Total:  1

Average Days on Market:  111

Average List Price:  $444,313

Average Sales Price:  $444,313

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

 

It appears the average list price has gone up by about $40k and the average sales price has gone down by about $80,000.  However, in this month’s data there is only 1 sold and it was just for a short period, whereas I had 33 homes worth of data from last month’s blog.  Wedding, NC real estate appears to be doing fairly well based on these numbers.

Lots are selling!  I have put one of my larger tracts of land in Waxhaw, NC under contract this month as well.  As we all know – now is definitely a great time to buy and lenders are lending for construction to perm loans.  I have some great lots listed in the South Charlotte/Weddington/Waxhaw area – all are great buys.