Somerset In Waxhaw: Q1-2021 Home Sales Report And Community Spotlight

By
Real Estate Agent with Coldwell Banker Realty

 

Somerset Neighborhood in Waxhaw, NC

Real Estate Report & Community Spotlight

 Quarter 1 - 2020

 

 

In the 1st Quarter of 2021, four homes sold in the Somerset neighborhood; one more than in the same quarter of the previous year. New listings in the first quarter of 2021 increased by two compared with the same quarter the prior year.

 

Median listing and sale prices increased versus the first quarter of 2020. Average selling price was $419,625. The median sale price in Somerset was $406,205. Sellers received 102.7% of listing price in final sale price, on average.

 

Average days on market were 14 days, down 15 days from the same time frame one year ago.

 

At quarter-end, no homes were listed for sale and two homes were under contract.

 

Somerset Home Sale Snapshot: Quarter 1 - 2021

 

Somerset Neighborhood In Waxhaw Home Sales Snapshot Quarter 1-2021 

   

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

 

 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

Posted by

 

 

 

 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 

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.

 

Comments (12)

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Amazing kitchen photo. Hope you are well and enjoying your weekend!

Apr 18, 2021 11:01 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Apr 18, 2021 11:33 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good evening Nina! Thank you for your detailed and informative market report

Apr 18, 2021 09:52 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina hope this will generate some listings for you, Endre

Apr 18, 2021 09:58 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - I see the name D R Horton all over.  That is the builder that built our Florida Home.  Innovative designs.

Apr 19, 2021 03:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Thomas... thanks much for popping by. I had a busy weekend. Trust yours was lovely.

Apr 19, 2021 04:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Monday morning, Myrl... thanks for stopping by yesterday. Wishing you a wonderful new week ahead.

Apr 19, 2021 04:02 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Rocky.... as always, thank you for stopping by. Wishing you a great and productive week ahead.

Apr 19, 2021 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Endre... all I can say is from your lips to God's ears. Homeowners are really siting tight these days.

Apr 19, 2021 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Grant... DR Horton is a big national builder. They've been pretty active in the Charlotte region for at least two decades now.

Apr 19, 2021 04:04 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 Somerset in Waxhaw, and seeing no listings is becoming the norm, sadly.

Apr 19, 2021 06:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joan... seriously, have you ever seen anything like this... one community after another with zero new listings!

Apr 19, 2021 08:55 AM