Although we've heard lots of talk about housing markets slowing down and inventory gradually increasing to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area in May 2022, where average days on market continued to decrease, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price.
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) … (30 comments)
While we've heard lots of talk about housing markets showing signs of slowing down and inventory gradually increasing in April to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area where average days on market continued to drop, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price.
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip … (38 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 significant declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in February 2022 versus February 2021. The only thing that increased were home prices, which surged almost 50% year-over-year. Lack of inventory is greatly impacting closed sales volume and home prices in the 28173 zip code.
Charlotte metro area's Waxhaw | Weddington | Marvin areas in Union County remained hot in 2021, especially luxury home neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2021 with at least 20 closed sales and are worth watching in 2022 for continued demand.
7 neighborhoods on the 2021 list have been hot neighborhoods for five consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel. One neighborhood made the 2021 hot neighborhoods list for a … (12 comments)
Six homes sold in Cureton during the Fourth Quarter of 2021, 15 fewer homes than in the same quarter one year ago. New listings were down compared with the same quarter one year ago -- down by seven homes to just six listings. It should be pointed out that six listings in a community with over 500 homes, is no "real" inventory to speak of.
Cureton home sellers received 105.5% of asking price on average. Average days on market were 11 days in Quarter 4, 2021, down 8 days from one year ago. … (16 comments)
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)
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)
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