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Winter 2012 Market Update
The proximity to Lake Norman, Davidson College, and an excellent public school system make Davidson a terrific choice for families.
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| Average Home Price | $475,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $850,000 - $899,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Davidson is | Increasing |
| Seller Activity for the past 90 days in Davidson is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Sellers are only receiving multiple offers when they have priced their homes at least 5% under other comparable homes for sale. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | As with the rest of the country, lenders here are looking for great credit and 20% down. If that is you - you have no worries. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Davidson enjoys a very wide range of housing prices thanks in part to their commitment to affordable housing. A Buyer today can expect to find everything from $100,000 up to $1,600,000 in a variety of neighborhoods. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Prices have increased slightly during the past 90 days in Davidson, and there are more homes on the market. For Sellers, this is a decent market if you price your home correctly and make sure it is in tip-top showing condition. For Buyers, it’s still a great market. While prices have increased, interest rates have dropped again and there are many more homes on the market to choose from. |
| Nearest Metro Area | Charlotte |
| Housing Hot Spots | Davidson Gateway, located just off I-77 is the new |
| Average Sold Price | $475,000 - View Graph Trend |
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Top Agent
HouseHunt, Inc.
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