Millbridge home sales softened in Quarter 1-2023 compared with the three most recent months. Both average and median home sale prices decreased, as did the list to sale price ratio. Home sales were down 53%, but much of that is attributable to the fact that new construction has wound down considerably since 2021 as the neighborhood nears completion. The days on market also increased, but at 19 days on market, on average, homes are still selling quickly.
MILLBRIDGE HOME SALES SNAPSHOT: QUARTER 1 - 2023
To track sales in Millbridge "real time," … (14 comments)
Millbridge home sales remained robust throughout 2022 with both average and median sale prices increasing for the year ended December 31, 2022. What softening we saw in 2022 was a 1% decrease in the list to sales price ratio and an increase in average days on market to 17 days. Home sales were down 30%, but much of that is attributable to the fact that new construction has wound down considerably since 2021 as the neighborhood nears completion.
Much of the softening we saw in the Millbridge market not surprisingly came about in Quarter … (26 comments)
As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 2 - 2022 compared with the same quarter one year ago. Average home sale price increased 25.69% to $565,525, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $433,000 to a high of $750,000 in Millbridge during Quarter 2 - 2022. Home sellers received 101.8% of asking price, on average in the Second Quarter 2022.
Median sale prices of Millbridge homes averaged 100.0% of asking price in … (18 comments)
As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 1 - 2022 compared with the same quarter one year ago. Average home sale price was $541,657, which was also almost $35,500 higher quarter-over-quarter. Home sale prices ranged from a low of $420,000 to a high of $775,000 in Millbridge during Quarter 1 - 2022. Home sellers received 102.6% of asking price, on average in the First Quarter 2021.
Millbridge Home Sales Highlights: Q1 - 2022 versus Q1 - 2021
As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during the 4th Quarter 2021 compared with the same quarter one year ago. Average home sale price was $506,230, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $378,118 to a high of $725,000 in Millbridge during Quarter 4 - 2021. Home sellers received 102.3% of asking price, on average in the 4th Quarter 2021.
Median sale prices of Millbridge homes averaged 100.9% of asking price in the … (16 comments)
As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during the 3rd Quarter 2021 compared with the same quarter one year ago. Average home sale price was $492,307, which was also some $54,000 higher than in the 2nd Quarter 2021. Median sale prices of Millbridge homes averaged 100.3% of asking price in the third quarter 2021. Median home sale price was $471,117 during Quarter 3 -2021.
Average home listing prices also increased in the 3rd Quarter 2021 compared with the same quarter … (22 comments)
Millbridge in Waxhaw, NC
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