Home Sale Prices Increase 25.65% In Waxhaw's Millbridge: Qtr 3-2021

By
Real Estate Agent with Coldwell Banker Realty

 

Millbridge in Waxhaw, NC: Quarter 3 - 2021

Home Sales Report & Neighborhood Spotlight

 

As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during the 3rd Quarter 2021 compared with the same quarter one year ago. Average home sale price was $492,307, which was also some $54,000 higher than in the 2nd Quarter 2021. Median sale prices of Millbridge homes averaged 100.3% of asking price in the third quarter 2021.  Median home sale price was $471,117 during Quarter 3 -2021.

 

Average home listing prices also increased in the 3rd Quarter 2021 compared with the same quarter one year ago. Average list price increased 21.3%, while average sale price increased 25.65%. 

 

47 homes sold during the 3rd Quarter 2021,  63 fewer homes than during the same quarter last year. New listings were down with 29 fewer listings year-over-year. Some of the drop in new listings can be attributed to fewer new construction homes for sale, as can the fewer sales.

 

Average days on market in the third quarter were 42 (down from 52 days year-over-year). One reason for the 42 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 5 days in the 3rd 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 third quarter 2021, seven homes were under contract. For a community that will have some 2,000 homes once completed, this shows just how impossibly tight inventory is in Millbridge.

 

Millbridge Home Sales Highlights: Q3 - 2021 versus Q3 - 2020

Millbridge Neighborhood In Waxhaw: Real Estate Report Qtr 3-2021

 

 Detailed report on Millbridge neighborhood home sales in the 3rd  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 amenities, 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.
 
 
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
Blog: News You Can Use From The Greater Charlotte Area
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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 (22)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... just so long as the Charlotte real estate market doesn't crash the way the "Roaring Twenties" did!  :)

Oct 16, 2021 05:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... the price increases from year to year and even quarter to quarter are mind-boggling.

Oct 16, 2021 05:55 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

Nice sales increase in the Millbridge neighborhood Nina. Seems this area is has lots to offer, and named community of the year award a couple times proves it's a popular place to live.

Oct 16, 2021 07:30 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Your area is hot and thanks for sharing with us here in the Rain.  I am sure you are making the most of it.

 

Oct 16, 2021 08:02 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 16, 2021 08:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good Saturday morning, Sheila... Millbridge has been a very popular neighborhood for years and a lot has to do with the amazing amenities.

Oct 16, 2021 08:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for stopping by. Wishing you a lovely weekend ahead... hopefully it doesn't snow at your end of the world.

Oct 16, 2021 08:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thank you, as always, Myrl, for making time to pop by and leave me a comment.

Oct 16, 2021 08:15 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- what i love about your market reports is that they are so easy to read and understand and visually appealing!!!!

Oct 16, 2021 10:43 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local community reports.

Oct 16, 2021 12:15 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Millbrook sure looks like it is still very desirable, and home value increases are verifying that! 

Oct 16, 2021 12:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib thank you so much, Kathy, for that lovely comment. I believe if something is not visually appealing people won't take the time to read.

Oct 16, 2021 02:02 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks again, Roy, for stopping by today. Hopefully you got your yard work done before the rains hit you.

Oct 16, 2021 02:02 PM
Roy Kelley

Yes. my timing was good for my yard work. We do have a rainy afternoon in Maryland.

Oct 16, 2021 02:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I would expect Millbridge to remain an in-demand neighborhood -- location, schools, amenities will keep it that way. But hard to imagine that a community with almost 2,000 homes has so few listings.

Oct 16, 2021 02:04 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

WOW! That is a big jump Nina Hollander, Broker . I hope you are having a good weekend. Mine is going way to fast.

Oct 16, 2021 06:26 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for sharing your Waxhaw Millbridge market report and area snapshot. Those are some interesting numbers to digest Nina Hollander, Broker 

Oct 16, 2021 07:26 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - Millbridge in Waxhaw is certainly a destination and the numbers prove it!

Oct 17, 2021 03:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm good Sunday morning, Bob... my weekends all go too fast... then again all my days seem to go too fast!

Oct 17, 2021 04:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... I continue to be astounded by the lack of inventory and the attendant increases in home prices in quite a number of our communities. Happy Sunday to you!

Oct 17, 2021 04:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... Union County is a destination, Waxhaw is a destination, and communities like Millbridge are all destinations in the Charlotte region.

Oct 17, 2021 04:34 AM