Millbridge In Waxhaw: Home Sales Report/Community Spotlight: Q1-2021

By
Real Estate Agent with Coldwell Banker Realty

 

2019 Community Of The Year, Millbridge in Waxhaw, NC

Home Sales Report & Neighborhood Spotlight

 Quarter 1 - 2021

 

As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($393,382) increased during the 1st Quarter 2021 compared with the same quarter one year ago. Median home sale prices were also some $20,000 higher than in the most recent quarter ended December 31. 2020. Median sale prices of Millbridge homes averaged 100% of asking price in the first quarter 2021.

 

Average home sale prices ($408,610) also increased in the 1st Quarter 2021 compared with the same quarter one year ago. Average sale prices increased some $17,000 over what they were at year end 2020. Sale prices of Millbridge homes averaged 100.8% of asking price. 

 

69 homes sold in quarter four, 13 more homes than during the same quarter last year. New listings were down with 42 fewer listings year-over-year. Some of the drop in new listings can be attributed to fewer new construction homes for sale.

 

Average days on market in the first quarter 25 (down from 33 days in the most recent quarter). Median days on market in the first quarter 2021 were just 3 days (down from 14 days in the most recent quarter ended December 31, 2020).  In other words, Millbridge homes are selling more quickly and for more money than just three months ago.

 

At quarter-end, NO homes were actively listed for sale. At the end of the first quarter 2021, 14 Millbridge homes were in contract, 4 of them new construction homes. Lennar, MI, Dan Ryan, and DR Horton continue to build in Millbridge.

 

 

Millbridge Home Sales Highlights: Q1-2021 versus Q1-2020

 

Millbridge in Waxhaw Home Sales Snapshot Quarter 1-2021

 

 Detailed report on Millbridge neighborhood home sales in the 1st Quarter 2021

 

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

 

 

WHY IS WAXHAW'S MILLBRIDGE ONE OF CHARLOTTE METRO AREA'S MOST DESIRED COMMUNITIES?

 
 
 
It's All About The Lifestyle In Millbridge!
 
Millbridge Community In Waxhaw, NCNamed Community of the Year in 2016 and again in 2019, Millbridge is one of Waxhaw, North Carolina's most desired master-planned communities with top rated schools, Millbridge is an idyllic neighborhood set on 920 picturesque acres with tree-lined sidewalks, pocket parks, common squares, green way systems and trails, 250 acres of green space.
 
 
The Carolina Thread Trail, a regional network of green ways, trails, and blue ways also runs through Millbridge and with a new cross-state suspension bridge connecting the Twelve Mile Greek Greenway in Waxhaw, NC with the Twelve Mile Creek Trail in Lancaster, SC there are now four continuous miles of pathway to walk and explore.
 
 
The $6 million, 9,000 square foot Community House is a state-of-the-art facility with outdoor fireplace, fitness center, cafe with coffee bar and baked goods, movie theatre, catering kitchen and more. The Community House offers lectures, movies, workshops and tutoring, as well as a free book-swap program, library and kids' corner with video games and foosball table.  The full-time Lifestyle Director organizes many community events including summer camps, game nights, educational programs.
 
 
Community amenities include a fantastic pool pavilion with Jr. Olympic pool, water slide, splash pool, lazy river. There's also a children's playground and basketball Airnasium. The adjacent 40-acre Nesbit Park offers soccer and baseball fields and picnic areas.
 
 
Cane Creek Park is close-by, featuring camping areas, a 300 acre lake for swimming, fishing, canoeing, and trails for biking and horseback riding. 
 
 
Love to golf? There are nine golf courses within 10 miles of Millbridge. 
 
 
The charming, historic town of Waxhaw, which is on the National Register of Historic Places,  is minutes away and offers quaint shops, restaurants, a farmer's market, and lots of community activities throughout the year.
 
 
Located an easy 15 minutes drive from south Charlotte's prestigious Ballantyne area with its limitless amenties, 30 minutes from Charlotte's South Park Mall, and 45 minutes from Uptown Charlotte, MillBridge is perfectly situated to provide a beautiful country setting close to all the amenities and conveniences of sophisticated city life.
 
 
Millbridge In Waxhaw Community of The YearMore recognition and awards for Millbridge.
 
In April 2019, Millbridge was named the 2019 Community of the Year by the Home Builders Association of Greater Charlotte. In April 2018 Millbridge received three of the Home Builders Association of Greater Charlotte’s major achievement in market excellence (MAME) awards: (1) Developer of the Year, (2) Marketing Professional of the Year,  and (3)  the Best Sales Environment award.
 
No wonder they say that Millbridge is not just a neighborhood, but a destination! 
 
 
 

 
 
What Kind Of Homes Will You Find In Millbridge?
 
Millbridge homes have been built by some of Charlotte, North Carolina area's top builders, including Ryland Homes, Ryan, Mattamy, Centex beginning in 2008. Essex Homes have recently sold out in Millbridge. New homes in two new sections of Millbridge are currently being built by Bonterra, MI Homes, Pulte, and Lennar. 
 
 
Millbridge homes range in size from approximately 1,800 square feet to over 5,000 square feet. 
 
 
 
       Median Home Sale Price Trends For Millbridge Homes
 
 
 

  
 
Millbridge Children Attend Top Schools:
 
 
Millbridge children are served by some of the top schools in Union County, including Cuthbertson High School, Cuthbertson Middle School, and Kensington Elementary School.  Also nearby are Central Academy of Technology and Arts and Union Day Charter School. With Union County school assignments subject to change from year to year, parents should verify all school assignments.
 
 
Cuthbertson High School is ranked #13 out of the top 25 public high schools in the Charlotte region. Cuthbertson Middle School is ranked  in the top 25 Charlotte middle schools at #14. Kensington Elemetary School is also ranked as one of the top 25 elementary public schools in the Charlotte region. The Union County School District ranks #3 best in North Carolina.
 
 
Central Academy of Technology and Arts in Monroe, ranks #6 in the Charlotte region with an A+ rating. Central Academy of Technology and Arts, a magnet schoo,  is one of the highest performing high schools not just in the Charlotte region, but in the State of North Carolina.
 
 
Union Day School, which opened only in 2016, is already rated by niche.com as the #7 best charter elementary school in the Charlotte region out of 34 charter schools. And it's in the top 9% of all elementary charter schools in North Carolina. In 2020, the Union Day School received the Best of the Best Award from Charlotte Magazine.
 
 
Do top schools make a difference when buying or selling a home? The answer is a YES! Find out why good schools matter when you’re buying or selling a home here.
 
 
MIllbridge School Assignments In Waxhaw

 

 


 

 

MILLBRIDGE ONE OF WAXHAW AREA'S 12 HOTTEST NEIGHBORHOODS

 

Hottest Selling Neighborhoods In Waxhaw, NC

 

SEARCH ALL MILLBRIDGE HOMES FOR SALE

 

SEARCH ALL WAXHAW, NC HOMES FOR SALE 

 

 

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

 

 

Find out what your home is worth

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

 

 If you're considering purchasing or selling a home in Millbridge, 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 Millbridge and can also assist you with building a new home.

 

If you're selling, let's get together and discuss the supply conditions in Millbridge 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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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

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 The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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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.

 

Comments (19)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Nina,

Great stats. Love the $17k year over year increase.  Who says RE is not a great investment. Make it the best Friday, the weekend is right around the corner.  Thanks for the post.  Bill Salvatore 

Apr 16, 2021 04:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Bill... thanks for stopping by. By the way, that $17K increase is not year-over-year, it's quarter-over-quarter, which makes the return even more amazing, if you ask me!

Apr 16, 2021 05:10 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Now is definitely a good time to sell in Millbridge. Your area is giving whole new meaning to thinventory. Enjoy your day!

Apr 16, 2021 05:19 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I really like the look of that bridge!  Millbridge definitely looks like a great place to call home!

Apr 16, 2021 05:24 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

With increased home sales in the Waxhaw Real Estate market, the smart choice for home sellers is to work with Nina Hollander. She will get you Listed and SOLD!

Apr 16, 2021 05:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Wayne... our thinventory is on life support these days! It's really beyond imagining.

Apr 16, 2021 06:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Brian... it's one of a few covered bridges left in North Carolina, much less in the immediate Charlotte metro area. I'm so glad they saved it. It's a great entry into Millbridge.

Apr 16, 2021 06:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning again, Sheila... getting it sold is the easy part these day. Getting it listed is the hard part! :)

Apr 16, 2021 06:12 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Millbridge in Waxhaw home buyers and sellers are sure to value your real estate market report, Nina.

Apr 16, 2021 06:38 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Good time for those thinking of selling in Millbridge to contact you for stellar advice.  Happy Friday.  A

Apr 16, 2021 06:47 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina and thank you for such a detailed market report

Apr 16, 2021 06:48 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Millbridge in Waxhaw, and days on market are sure shrinking! 

Apr 16, 2021 07:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Myrl... thanks for stopping by today. Wishing you a lovely weekend to come.

Apr 16, 2021 07:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Alexandra... the best advice I can give any homeowner right now is that the time to sell is NOW!

Apr 16, 2021 07:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Rocky... as always, thanks for popping by. I like to combine my market reports with a solid community description to keep the post more "evergreen."

Apr 16, 2021 07:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joan... the only reason those DOM aren't lower is because sales include new construction. Resale homes are gone in 24 hours.

Apr 16, 2021 07:49 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina,

Increased pricing in real estate sales in DFW Texas are similar to yours. Coincidentally, I was on a webinar a couple days ago and the person who was the presenter mentioned you can thank increased homes prices everywhere to all the people who moved out of CA, I know, he said. I moved out of CA in 2020 and I'm a Broker in both states now.

I really liked the kitchen from your snapshot and in my opinion, that new median home listing (sales price) is still a really good deal! The Millbridge Community is charming, fresh, and homes appear to be in much better condition than what I recently explored with my buyer who was looking to buy in Dallas. Here, in my area of DFW, older homes built in the 1950's and 60's in good condition started at around half a million (one car garage, limited closet space, small kitchens, etc.).

You're doing good!!!

Apr 16, 2021 09:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Patricia... at my end we are not seeing all the Californians... I have a feeling they are going to Texas and Colorado and Arizona. We've been short on inventory for six years now. It's really unbelievable. 

Apr 16, 2021 09:56 AM
Patricia Feager, MBA, CRS, GRI,MRP

Hi Nina,


We are suffering from a shortage of inventory for both new construction and pre-existing homes. Due to the situation, rent has sky rocketed!!!!!!!!!

Apr 16, 2021 09:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Patricia... same is happening here. Our inventory is on life support these days. 

Apr 16, 2021 03:48 PM