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)
Lawson had a strong showing for home sales in Quarter 3-2023. Although home sale prices were down compared with Quarter 2-2023, both average and median home sale prices increased from Quarter 3-2022. Given the wide range of home prices in Lawson, it's not unreasonable to assume that the quarter-over-quarter sale prices were affected by the price mix of homes sold in the Third Quarter. List to sale price ratio of 100.48% in Quarter 3-2023 was flat compared with the same quarter one … (24 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 July 2023: Closed home sales decreased in July after four consecutive months of increases. By the same token, closed sales in July were second highest in 2023. The list to sale price ratio still at over 100% at 100.06%. Median sale price increased 2.5% from June and 18.6% year-over-year. Average sale price declined 5.2% month-over-month … (22 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 June 2023: Closed home sales increased a fourth consecutive month and were at their highest level of closed sales since September 2022. The list to sale price ratio was just over 101% at 101.51%. Median sale price increased 20.6% from May and 12.2% year-over-year. Average sale price increased 22.7% from May and 19.5% year-over-year. Average … (34 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)
Weddington Chase home sale values increased in Quarter 2-2023 year-over-year. The two homes that sold in the Second Quarter 2022 sold at 108.25% of list price and as quickly as they were listed. Limited inventory is without doubt keeping home prices high and day on market low. Just three homes sold in the first six months of 2023.
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 May 2023: Closed home sales increased for a third consecutive month and were at their highest level of closed sales since September 2022. The list to sale price ratio was just under 101% at 100.72%. Median sale price declined slightly from April 2023 (most likely due to price mix of homes for sale), but increased … (14 comments)
Home sale prices increased in Quellin throughout 2022, ending the year with a 14% increase. In Quarter 1 - 2023 NO homes were listed or sold in the Quellin neighborhood. If you've been thinking about selling your home in Quellin, Spring 2023 should prove a good time to do so. Waxhaw homes in neigborhoods like Quellin are seeing multiple offers and selling quickly at top dollar.
MEDIAN SALE PRICE TRENDS FOR HOMES IN QUELLIN (12 Month Rolling Average)
To track sales in Quellin "real time," click here for our Neighborhood Analyzer … (14 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.
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)
Home sale prices increased in Quellin throughout 2022, ending the year with a 14% increase. Average sale prices decreased 4% in Quarter 4-2022, while median sale prices increased 1%. Market shift was noticeable in the list to sale price ratio, which was almost 104% in 2022, but had dropped to 98.1% in the Fourth Quarter. Average days on market decreased both year-over-year and in the Fourth Quarter.
QUELLIN HOME SALES SNAPSHOT: 2022
QUELLIN HOME SALES SNAPHOT: QUARTER 4 - 2022
MEDIAN SALE PRICE TRENDS FOR HOMES IN QUELLIN (12 Month Rolling Average)
To track sales in Quellin "real time," … (16 comments)
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)
It was a strong showing for Lawson homes both in the Fourth Quarter 2022 and throughout 2022. Home sale prices increased year-over-year and quarter-over-quarter. To the extent the Lawson market shifted, it was in higher days on market, which increased to 31 days by the Fourth Quarter, and a lower list to sale price ratio, which was just under 100% in the Fourth Quarter.
Inventory remained tight in Lawson throughout 2022 and was down year-over-year. Just 50 homes sold in 2022 out of 600+ homes in the neighborhood. No doubt, this accounts for sale … (20 comments)
Chase saw a definite softening in its home sales numbers in the Fourth Quarter 2022, both year-over-year and quarter-over-quarter. In the Fourth Quarter only average sale prices improved slightly (+2%) compared with the same quarter one year ago. Median sale prices, the list to sale price ratio, and average days on market all showed a negative trend. Compared with the Third Quarter 2022, the Fourth Quarter also had a negative shift, with both average and median home sale prices lower, list to sale price ratio down about 3.5%. and days on market … (22 comments)
After softening somewhat in the Third Quarter of 2022, Somerset home prices rebounded in the Fourth Quarter of 2022. However, the list to sale price ratio decreased 3.89% quarter-over-quarter and days on market increased seven days quarter-over-quarter. 2022, as a whole, was a strong year for Somerset home sales, with home prices up year-over-year and the list to sale price ratio holding steady at 105.25%. While days on market increased, at 13 days, homes still sold relatively quickly throughout the year.
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.
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)
Six homes sold in Quellin during Quarter 2 - 2022, four more than in the same quarter one year ago and one less than in the First Quarter 2022. Both listing and sale prices were up year-over-year, setting new records for home prices in Quellin.
Average days on market remained at two days compared with the same quarter one year ago, but decreased by three days from the First Quarter 2022. Median days on market were just two days in Quarter 2 - 2022, in Quarter 1 - 2022, and Quarter 2 … (28 comments)
Five homes sold in Weddington Chase during Quarter 2 - 2022, eight fewer than in the same quarter one year ago and two more than in the First Quarter 2022. Both listing and sale prices were up significantly year-over-year in Weddington Chase.
Weddington Chase Home Sales Snapshot: Quarter 2 - 2022
Average days on market increased to four days from two days compared with the same quarter one year ago, but decreased by one day from the First Quarter 2022. Median days on market were just three days in Quarter 2 - … (22 comments)
Two homes sold in Prescot during Quarter 2 - 2022, one less than in the same quarter one year ago, but one more than in the First Quarter 2022. Both listing and sale prices were up significantly year-over-year in Prescot.
Prescot Home Sales Snapshot: Quarter 2 - 2022
Average and median days on market increased to five days from one day compared with the same quarter one year ago.
Home sellers received an average and median 103.2% of their asking price during the Second Quarter 2022. This compares to 106.1% in the same quarter … (22 comments)
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