Happy New Year to all!

I hope everyone enjoyed their holiday season and are getting back into the groove of our normal (and maybe not so normal!) routines.  I've done a new search for Weddington Real Estate.  Here's what I've found:

Active Homes (currently on the market)

Total:  28

Average Days on Market: 2272

Average List Price: $814,559

SOLD Homes (from 7/1/11 – 1/27/12)

Total:  33

Average Days on Market:  140

Average List Price:  $568,336

Average Sales Price:  $528,632

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

Sometimes you can look at this data and think "What does this mean?".  While this is basically a bird's eye view, it does tell us that listing prices, and of course, sales prices are going up!  This is great news for anyone contemplating selling their home in this area and aren't sure that they can break even.  We all know how the Real Estate market is affect by the economy, but it appears prices are going up in this area.

Please keep in mind - Real Estate is local in nature.  While the Weddington, NC Real Estate market is on the upturn, that doesn't necessarily mean it is everywhere. 

Thanks for taking a look, if you have any specific questions, don't hesitate to email me - I don't bite!

-Holly"would" Pasut

And remember, "Who WOULD help you with all your Real Estate needs?...Holly-would!"