Somerset In Waxhaw: Q1-2020 Real Estate Report/Neighborhood Spotlight

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Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5n6z

 

 

Somerset Neighborhood in Waxhaw, NC

Real Estate Report & Community Spotlight

 Quarter 1 - 2020

 

 

In the 1st Quarter of 2020, three homes sold in the Somerset neighborhood; three less than in the first quarter of the previous year. New listings in  the first quarter of 2020 were down by more than 50% compared with the same quarter the prior year. Median listing and sale prices ($375,000) were down versus the first quarter of 2019. Average listing and selling prices increased in the 1st quarter compared with the same time period one year ago. Average selling price was $407,500.

 

Average days on market were down 13 days versus the same quarter in the previous year to 29.

 

Somerset home sellers received 98.64% of list price in final sale price. The months supply of inventory in Somerset was razor thin at just one month in the 1st Quarter of 2020. 

 

At quarter-end, one home was listed for sale in Somerset. No homes were in contract at the end of Quarter 1, 2020.

 

 Somerset neighborhood in Waxhaw real estate snapshot for Qtr 1-2020

 

  

 

Detailed report on Somerset neighborhood home sales in the 1st Quarter 2020.

 

 To track sales in Somerset "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Somerset sales activity.

 

 

Median Sale Price History For Homes In Somerset

 

 

 

 

 

Why Somerset Is An In-Demand Waxhaw Neighborhood

 

Somerset Neighborhood In Waxhaw ClubhouseSomerset is a 200-acre master-planned community situated on the border of Mecklenburg and Union Counties, minutes from Ballantyne and surrounded by some of Charlotte/Waxhaw area's most prestigious and upscale neighborhoods, including Hunter Oaks, Providence Country Club, Longview, and Marvin Creek. Outstanding community amenities in Somerset include a pool, clubhouse, tennis courts, play ground, and walking trails.

 

The Somerset community was developed between 1998 and 2003 by St Lawrence Homes, D R Horton, Fortis, and Ryland. The homes in Somerset range in size from about 1,990 square feet to over 4,500 square feet with average square footage just under 3,000. Lot sizes average about .3 of an acre but can also range from .2 of an acre to over half an acre.

 

Somerset is located minutes from Charlotte's trendy and popular Ballantyne area. All the shopping you could want is literally just minutes away along Rea Road or Providence Road,  including three, large outdoor shopping centers (Blakeney, Waverly and Stonecrest) offering grocery shopping, high-end boutiques, spas, casual and fine dining restaurants, movie theatres, and more. Carolina Place Mall and Carolinas Medical Center/Pineville are clse by. Ballantyne Village, the world-class Ballantyne Resort and Spa, the Ballantyne Golf Course are all also quickly accessible. All the major medical practices in Charlotte, which maintain offices in Ballantyne, are but five minutes down the road. Also nearby are Trader Joe's, Ballantyne Country Club, Piper Glen Club, horseback riding facilities in nearby Waxhaw. 

 

Somerset provides easy commuting to the Ballantyne Corporate Park, SouthPark, Matthews, Charlotte-Douglas Airport, as well as easy access to I-485 and primary local roads.

 

All of life life's necessities are within easy reach of Somerset in less than a mile. And if you love the "great outdoors" and/or golf, there are 23 golf courses within 10 miles of Somerset and numerous parks for both humans and dogs!

 

Somerset Neighborhood in Waxhaw is convenient to all the necessities of life  Somerset neighborhood in Waxhaw is close to parks and golf

 

 

Top-rated Union County Schools Serve the Somerset Neighborhood in WaxhawTop-Rated Union County Schools 

 

Somerset is served by some of the top Union County public schools in: Marvin Ridge High School, Marvin Ridge Middle School, and Rea View Elementary School, all located witin less than four miles of the neighborhood. (Union County Public School system is ranked by niche.com as the 3rd best school district in the State of North Carolina.)

  

Marvin Ridge High School is one of the top ranked high schools in the Charlotte region, ranked #2 out of the top 25 high schools. Marvin Ridge Middle School ranks in the top 15 middle schools in the Charlotte region. Rea View Elementary ranks in the top 25 elementary schools in the Charlotte region. )School rankings provided by niche.com.)

 

   

 

  GET UPDATES ON SOMERSET HOME SALES ACTIVITY

 

Free home listing alerts from www.GreatHomesInCharlotte.com

 

 

SEARCH ALL SOMERSET HOMES FOR SALE 

 

 

WONDERING WHAT YOUR SOMERST HOME IS WORTH IN TODAY'S MARKET?

 

 

What's Your Somerset Home In Waxhaw NC Worth?

 

THINKING ABOUT SELLING YOUR HOME? SEE WHAT THE COLDWELL BANKER MARKETING ADVANTAGE IS ALL ABOUT.

 

 

 SEARCH ALL WAXHAW, NC AREA HOMES FOR SALE

 

Search Waxhaw Area Homes For Sale

 

 

 If you're considering purchasing or selling a home in Somerset, contact Nina Hollander/Carolinas Realty Partners with Coldwell Banker Realty. If you're buying, we have the complete inventory list of homes for sale in Somerset. If you're selling, let's get together and discuss the supply conditions in Somerset and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

And let us show you how:

 

"The Right Broker Makes All The Difference."

Great Homes In Charlotte

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
2,721,919
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Somerset home buyers and sellers are sure to appreciate your real estate market report, Nina.

Apr 28, 2020 04:22 PM #1
Rainmaker
3,339,698
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina in all fairness I loved that picture of the kitchen I want one like that in our house:)Endre

Apr 28, 2020 11:41 PM #2
Rainmaker
3,329,796
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Low inventory seems to be a big factor in your housing market, like this one for Somerset Nina. Let's see what the next round of stats will bring...

Apr 29, 2020 04:08 AM #3
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. hi Endre... lots of people seem to like this kitchen. If you like this one, I have a feeling you'd love my kitchen -- much larger and a huge island with storage below and shelves for cookbooks and wine fridge.

Apr 29, 2020 04:37 AM #4
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... I suspect that April will show lower inventory in our market. May is still a questionmark.

Apr 29, 2020 04:38 AM #5
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat thank you, Myrl, for popping by. Always great to see you on one of my posts! Happy Wednesday!

Apr 29, 2020 04:39 AM #6
Rainmaker
4,314,041
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, nice job with your market report for Somerset in Waxhaw, and know those searching for information will appreciate your expertise.

Apr 29, 2020 06:31 AM #7
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. It will be interesting to see how home sales do in this popular neighborhood this coming quarter.

Apr 29, 2020 06:45 AM #8
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Rainmaker
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Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
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