Median Sale Price Up 21.6% Year-Over-Year Average Sale Price Up 14.43% Year-Over-Year
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington)-- included the following in November 2023: Closed home sales declined both month-over-month and year-over-year. The list to sale price ratio was just under 100% at 99.19%, limited the ability of home buyers to negotiate on price and remained unchanged both month-over-month and year-over-year. Median sale price unchanged from the prior month, but increased almost 22% compared … (18 comments)
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington)-- included the following in October 2023: Closed home sales increased from September 2023, but declined year-over-year. The list to sale price ratio was just under 100% at 99.1%, limited the ability of homes buyers to negotiate on price. Median sale price declined from September, but increased 6.65% compared with October 2022. Average sale price declined both month-over-month and year-over-year. Average days on market decreased to … (12 comments)
Millbridge home sales held their own in Quarter 3-2023 both year-over-year and quarter-over-quarter. Compared with the Third Quarter 2022, average and median sale prices increased 11% and 7% respectively.
Quarter-over-quarter, the list to sale price ratio declined by 1%, but it was just under 100%. Year-over-year the list to sale price ratio was flat.
Days on market were 28 up 10 days from the second quarter. The number of properties sold was down 21% compared with the same quarter one year ago, but was up by eight homes from the previous … (11 comments)
Cureton home prices increased in Quarter 2-2023 both year-over-year and quarter-over-quarter. The increase from the First Quarter 2023 was quite substantial. Inventory remained tight for the first half of 2023 compared with the same time period one year ago. The list to sale price ratio, while lower than one year ago, was still just under 100% year-to-date in 2023. The average days on market in Quarter 2-2023 were considerably lower at nine days versus the 61 days … (26 comments)
Millbridge home sales held their own in Quarter 2-2023 both year-over-year and quarter-over-quarter. Compared with the Second Quarter 2022, average sale price was flat, while the median sale price declined by 3%. Quarter-over-quarter, average sale priced increased by $56,000. Median sale price increased by $38,000. Year-over-year, the list to sale price ratio declined by 1%, but it was still just over 100%. The list to sale price ratio improved by 3.16% from the First Quarter 2023. Days on market were 18 and essentially flat quarter-over-quarter, which saw 19 days on market. … (16 comments)
After seeing NO sales in Quarter 1-2023, Quellin had three sales in the Second Quarter 2023. The three sales were half that of sales in the same quarter one year ago. The list to sale price ratio was just under 100% and home sold quickly -- in just 5 days on average. Both average and median sale prices declined year-over-year but they were considerably higher than the prices we saw in the Fourth Quarter 2022 when there were sales in … (18 comments)
Hunter Oaks was already seeing a softening in home sale prices in the Third and Fourth Quarters of 2022. Home prices continued the softening trend in Quarter 1 - 2022 with the average sale price down 13% and median sale price down 15% compared with the most recent three months of sales activity in Hunter Oaks. Although home prices have softened, the list to sale price ratio was still a very respectable 97.9% with two of the five homes that sold, selling at over 100% of list price.
Home sale prices "soared" in Cureton in both the Fourth Quarter 2022 and throughout 2022. For the year ended, December 31, 2022 average home sale prices increased 23%; median home sale prices increased 26%. In the Fourth Quarter 2022, average sale prices increased 41%; median home sale prices increased 58%.
To the extent we saw a softening in Cureton's home sales, it was in days on market which increased year-over-year and quarter-over-quarter. In the Fourth Quarter average days on market increased from 22 to 28 days.
Cureton also saw a softening in the list to … (12 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a 2.5% increase in average home prices and a 6.5% increase in median home prices, year-over-year. Home sale prices also increased month-over-month. Median home prices in Weddington and Marvin, which had exceeded $1 million in the prior four months, dropped below $1 million in November, but rebounded back to over $1 million in Weddington in December.
Waxhaw | Weddington | Marvin areas in Union County in the Charlotte region remained hot in 2022, especially luxury home neighborhoods. 10 neighborhoods in the Waxhaw area were especially hot in 2022 and are worth watching in 2023 for continued demand.
Five neighborhoods on the 2022 list have been "hot neighborhoods" for six consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs. One neighborhood made the 2022 hot neighborhoods list for a third consecutive year -- Somerset. Weddington Chase has now made the list for … (24 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code – encompassing the three towns of Waxhaw, Marvin and Weddington) saw a 56+% increase in average home prices and a 31+% increase in median home prices, year-over-year. Median home prices in Weddington and Marvin exceeded $1 million in October 2022, as they have in the prior three months. However, in both Weddington and Marvin, home sale prices were lower than in September 2022.
Average days on market increased were flat … (8 comments)
As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased in Quarter 3 - 2022 compared with the same quarter one year ago. Average home sale price increased 14.63% to $564,414. Quarter-over-quarter average sale prices decreased minimally by about $1,100. Home sale prices ranged from a low of $420,000 to a high of $820,000 in Millbridge during Quarter 3 - 2022. Home sellers received 100.4% of asking price, on average, in the Third Quarter 2022. This was 2.6% less than one year ago and 1.4% … (26 comments)
17 homes sold in Lawson during Quarter 3 - 2022, equal to the 17 homes that sold in the same quarter one year ago and one more than the 16 that sold in Quarter 2 - 2022. New listings increased by two year-over-year to 20 and by one quarter-over-quarter. We saw a shift in Lawson home sales to more days on market and while home prices appreciated year-over-year, they appreciated at a much lower rate than what we've seen in the past couple of years. Quarter-over-quarter, home sale prices decreased as … (26 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year and month-over-month in July 2022. Average home sale prices set a new record. Median home prices in Weddington and Marvin exceeded $1 million in July 2022. Average days on market increased year-over-year. The list to sale ratio was down year-over-year and month-over-month. While the Waxhaw area market is definitely cooling somewhat, home sellers … (22 comments)
Six homes sold in Hunter Oaks in the 4th quarter of 2021, 10 fewer than in the same quarter one year ago. As new listings were down 81.25% year-over-year with just three homes listed in Q4-2021 versus 16 homes listed in Q4-2020, it's not surprising that the number of closed sales were also down 62.5%.
Average home sale prices were up 28.81% compared with the 4th quarter in 2020. Median sale prices for Hunter Oaks homes also increased 20.1% year-over-year. Average sale price was $645,833. The median sale price was $587,000 Home … (30 comments)
In the 4th Quarter 2021, four homes sold in the Somerset neighborhood, one less than in the same quarter of the previous year. Six fewer homes sold in Quarter 4 - 2021 versus Quarter 3 - 2021. New listings increased by three year-over-year from three homes to six homes in the fourth quarter 2021.
Median listing and sale prices increased compared with the Fourth Quarter 2020. Average selling price was $567,413, increasing 25.95% year-over-year. The median sale price in Somerset was $575,000, increasing 26.69% year-over-year. Home sales prices ranged from a low of … (12 comments)
14 homes sold in Lawson during the Fourth Quarter 2021, four fewer than in the same quarter one year ago. New listings increased by four year-over-year to 13.
Demand for Lawson homes was also reflected in the drop in average days on market, which were down 5 days to 10 days compared with the same quarter one year ago. Median days on market were just 3 days. As a result, home sellers received an average of 102.4% of their asking price during the fourth quarter 2021. 13 of the 14 homes that … (20 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in December 2021 versus December 2020. The only thing that increased were home prices, which increased year-over-year and were the highest prices seen in Waxhaw history. Lack of inventory is certainly impacting sales volume and home prices in … (30 comments)
waxhaw nc: Waxhaw Area Home Prices Rise To Their Highest Levels Ever: Nov 2021
- 12/09/21 05:20 AM
Latest news on the Waxhaw | Weddington | Marvin real estate markets in November 2021 and what it means for you... The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in November 2021 versus November 2020. The only thing that increased were home prices, which increased year-over-year and were the highest prices seen in Waxhaw history. Lack of inventory is certainly impacting sales volume and home prices in … (24 comments)
2006 Sandy Pond Lane, located in Walden Pond, one of Waxhaw's most in-demand, exclusive estate neighborhoods is now out of due diligence and fully pending. The home, listed by Nina Hollander with Coldwell Banker Realty, at $875,000 sold in five days. Sellers and buyers are now looking forward to a closing date in early November.
Situated on a private cul-de-sac, this 4,971 square foot, 4 bedroom | 4.5 bathroom home offers exceptional indoor and outdoor living and entertaining space. It’s a beautiful, private, tranquil country setting close to … (32 comments)
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