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

Active Homes (currently on the market)

Total:  38

Average Days on Market: 221

Average List Price: $708,267

SOLD Homes (from 7/12/11 – 11/14/11)

Total:  13

Average Days on Market:  159

Average List Price:  $555,585

Average Sales Price:  $505,150

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

While it appears the average list price has gone down, the average sales price has gone up by about $10,000.  This is telling us that higher end homes ARE selling.  In fact, there are 2 homes in my sold data that have sold for over $1,000,000 in the town of Weddington – both in the beautiful Highgate neighborhood (and one spent a paltry 37 days on the market!).

There are also great buys on lots in the Weddington/Waxhaw area.  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.