Home Sale Prices Up 28.73% Y-O-Y In Waxhaw's Millbridge: Qtr 4-2021

By
Real Estate Agent with Coldwell Banker Realty

Millbridge in Waxhaw, NC

Home Sales Report & Neighborhood Spotlight:

Quarter 4 -2021

 

As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during the 4th Quarter 2021 compared with the same quarter one year ago. Average home sale price was $506,230, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $378,118 to a high of $725,000 in Millbridge during Quarter 4 - 2021. Home sellers received 102.3% of asking price, on average in the 4th Quarter 2021.

 

Median sale prices of Millbridge homes averaged 100.9% of asking price in the third quarter 2021.  Median home sale price was $490,000 during Quarter 4 -2021. This was almost $19,000 higher quarter-over-quarter. Median sale prices are now at their highest-ever levels in Millbridge history.

 

Average home listing prices also increased in the 4th Quarter 2021 compared with the same quarter one year ago. Average list price increased 24.90%, while average sale price increased 28.73%. 

 

49 homes sold during the 4th Quarter 2021,  19 fewer homes than during the same quarter last year. New listings were down with 15 fewer listings year-over-year. Some of this 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 67 (up from 46 days year-over-year). One reason for the 67 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. 20 of the 49 homes that sold in the fourth quarter were new construction. Days on market for resale homes, only, were just 4 days in the 4th quarter 2021, while median days on market for resale homes were just 3 days.

 

At quarter-end, two new construction homes were actively listed for sale. At the end of the fourth quarter 2021, 10 homes were under contract, seven of which were new construction. 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: Q4 - 2021 versus Q4 - 2020

Millbridge In Waxhaw Home Sales Report For Quarter 4-2021

 

 Detailed report on Millbridge neighborhood home sales in the 4th  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 in MIlbridge 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 #10 out of the top 25 public high schools in the Charlotte region. Cuthbertson Middle School is ranked #15 in the top 25 Charlotte middle schools and the #3 best middle school in Union County. Kensington Elementary School is ranked as the 8th best public elementary school in Union County and #26 out of 293 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 (16)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Millbridge is another HOT Seller's market, but looks like days on market are higher, but sellers are still seeing over list price!  Great report.

Jan 25, 2022 07:20 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another amazing stat for the Waxhaw's Millbridge area.  Happy Tuesday!  A

Jan 25, 2022 07:28 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Nina,

How long do you foresee the 20+% increases?  i can't see us out here sustaining.  We made it to Taco Tuesday, so all that is left is to decide soft or Hard?  Bill 

 

Jan 25, 2022 08:28 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I love the kitchen, dining room area in your featured photo.  I would love an area like that to entertain friends.

What a year in real estate.  Over 27% growth....WOW!!!

Jan 25, 2022 08:56 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local community reports.

Jan 25, 2022 09:16 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and another great snapshot for this area to get the word out to buyers and sellers in your area.  Have a good day, we got snow today in Aurora.

Jan 25, 2022 09:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... the days on market are higher because of new construction in Millbridge... for resale homes the DOM are less than 5 days.

Jan 25, 2022 10:07 AM
Joan Cox

That makes perfect sense! 

Jan 25, 2022 10:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I'm certainly totally gob-smacked by the numbers every time I research them.

Jan 25, 2022 10:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog I wish I had an answer to your question about sustainability... but when you have two listings in a community with almost 2,000 homes, supply and demand issues reign.

Jan 25, 2022 10:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty Hi Ray... I have a kitchen/dining area of that ilk... but I hate having anyone there. I like having my kitchen to myself. Off to the dining room with them, I say! :)

Jan 25, 2022 10:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy, for popping by and for the good wishes. Happy Tuesday to you.

Jan 25, 2022 10:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... no snow here, thank heavens. Two weekends in a row for us with icy snow was enough.

Jan 25, 2022 10:12 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- I loved reading about Waxhaw's Millbridge area!!! The downtown area is where I'd want to visit first!!!

Jan 25, 2022 10:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib historic, downtown Waxhaw is a great place to walk. Cute antique shops, restaurants, etc. You really can feel what it was like 100 years ago.

Jan 25, 2022 10:36 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.

Jan 27, 2022 04:10 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... as always, I appreciate your taking time to pop by and leave me a comment.

Jan 28, 2022 05:14 AM