Waxhaw's Millbridge Home Sale Prices Up 19.54% In Quarter 2 - 2021

By
Real Estate Agent with Coldwell Banker Realty

 

2019 Community Of The Year, Millbridge in Waxhaw, NC

Home Sales Report & Neighborhood Spotlight

 Quarter 2 - 2021

 

As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased during the 2nd Quarter 2021 compared with the same quarter one year ago. Median home sale price was $438,070. Median sale prices of Millbridge homes averaged 100.9% of asking price in the first quarter 2021. If you look at median home sale prices for resale homes only, the sale price is much higher at $490,000 with sellers receiving 105.3% of list price in final sale price.

 

Average home listing and sale prices also increased in the 2nd Quarter 2021 compared with the same quarter one year ago. The average sale price was $450,237, increasing 19.54% year-over-year. Average sale prices increased some $41,000 over the first quarter of 2021. Sale prices of Millbridge homes averaged 102.4% of asking price. As with median home sale prices, if you look at average sale prices of resale homes only, the average sale price is much higher at $497,246 with sellers receiving 105% of list price in final sale price.

 

64 homes sold in quarter four, 23 more homes than during the same quarter last year. New listings were down with 38 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 second quarter were 57 (down from 58 days in the most recent quarter). One reason for the higher days on market is the new construction still going on in Millbridge, which increases days on market as construction time often goes into the days on market calculation. Days on market for resale homes only were just 4 days in the 2nd quarter 2021, while median days on market for resale homes were just 2 days.

 

At quarter-end, NO homes were actively listed for sale. At the end of the second quarter 2021, NO homes were under contract. For a community that will have some 2,000 homes once completed, this shows just how impossible tight inventory is in Millbridge.

 

Millbridge Home Sales Highlights: Q2-2021 versus Q2-2020

Millbridge In Waxhaw Real Estate Snapshot Quarter 2-2021

 

 

 Detailed report on Millbridge neighborhood home sales in the 2nd  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, Pulte, Essex Homes, beginning in 2008. New homes in two new sections of Millbridge are currently being built by DR Horton and Lennar.
 
 
Millbridge homes range in size from approximately 1,800 square feet to over 5,000 square feet. Home prices can ranges from the mid-$300,000's to the high $600,000's.
 
              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 #11 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 #15. Kensington Elementary School is also ranked #26 out of 279 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 #5 in North Carolina as a top magnet high school with an A+ rating. Central Academy of Technology and Arts is also ranked in the top 25 public high schools in North Carolina.
 
 
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 why experience matters and 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
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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 (14)

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

Top rated schools, pocket parks, and all that green space in Millbridge are only part of what makes this one of Waxhaw's desired neighborhoods. Best advice...Call Nina Hollander to get started on your Real Estate journey!

Aug 03, 2021 06:46 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 report for Millbridge, and with over 102%, it speaks to the demand for more listings! 

Aug 03, 2021 07:10 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina, Millbridge report is good for buyers and sellers and us here in the rain.  Mke it a great day!

 

Aug 03, 2021 07:19 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Nina,

Who could ask for anything more if Millbridge in Waxhaw is the choice?  Well, I would say, they should call the best person for the job, YOU!  A

Aug 03, 2021 08:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... the amenities in Millbridge are second to none in our area. The clubhouse is also one of a kind.

Aug 03, 2021 01:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... we are desperate for listings in Millbridge... what comes on blows out the door in a NY minute.

Aug 03, 2021 01:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... thanks, as always, for popping by and taking time to leave me a comment. Happy Tuesday.

Aug 03, 2021 01:25 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I do appreciate that shout-out. I've sold my share of Millbridge homes over the years, but always ready to sell more.

Aug 03, 2021 01:26 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- this is another thorough market report for Waxhaw's Millbridge Community!! It looks like it has so much to offer. 

Aug 03, 2021 01:44 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... many people buy in Millbridge precisely because of all the amenities the community offers residents.

Aug 03, 2021 01:49 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

When the market is hot, the market is hot.  So happy for you and your clients.

Aug 04, 2021 12:32 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Waxhaw's Millbridge home buyers and sellers are sure to value your real estate Market report, Nina.

Aug 04, 2021 02:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... our market is quite hot... and then there are neighborhoods that are hot, hot, hot! :)

Aug 04, 2021 03:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... nice to see you this Wednesday morning... wishing you a lovely day ahead.

Aug 04, 2021 03:55 AM