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Waxhaw's Millbridge Home Sale Prices Up 20+% In 2022

By
Real Estate Agent with Coldwell Banker Realty 179530

Millbridge in Waxhaw, NC

Home Sales Report & Neighborhood Spotlight:

 

Millbridge home sales remained robust throughout 2022 with both average and median sale prices increasing for the year ended December 31, 2022. What softening we saw in 2022 was a 1% decrease in the list to sales price ratio and an increase in average days on market to 17 days. Home sales were down 30%, but much of that is attributable to the fact that new construction has wound down considerably since 2021 as the neighborhood nears completion.

 

Much of the softening we saw in the Millbridge market not surprisingly came about in Quarter 4-2022. While average and median sale prices increased somewhat, they were down compared with Quarter 3-2022. The list to sale price ratio was also lower in the Fourth Quarter and average days on market were higher, which were 12 days higher in the last three months of the year as compared with average days on market for the entire year.

 

MILLBRIDGE HOME SALES SNAPSHOT: 2022

Millbridge Neighborhood In Waxhaw, NC Home Sales Snapshot 2022

 

MILLBRIDGE HOMES SALES SNAPSHOT: QUARTER 4 - 2022

Millbridge Neighborhood In Waxhaw, NC Home Sales Snapshot Quarter 4-2022

 

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 GREATER CHARLOTTE  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 MiIlbridge 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 SchoolCuthbertson Middle School, and Kensington Elementary School. Carolina Schools Hub gives each of these schools a 10 out 10 rating.
 
 
Newer sections of Millbridge are served by Waxhaw Elementary School, Parkwood Middle School, and Parkwood High 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 area. Cuthbertson Middle School is ranked #13 in the top 25 Charlotte area public middle schools. Kensington Elementary School is ranked  #22 out of 292 elementary public schools in the Charlotte area. The Union County School District is ranked the #3 best district in North Carolina. (School ratings from niche.com)

 
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 ONE OF WAXHAW AREA'S 10 HOTTEST NEIGHBORHOODS

 

 

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.

 

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
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.

 

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

Lise Howe hi Lise... our market is mirroring 2019, which in Charlotte was a very good year all-in-all. We are still tight on inventory in many neighborhoods and that will keep prices relatively strong.

Jan 29, 2023 06:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... our market has definitely softened... higher DOM, lower list to sale price ratios... but that being said our months supply of inventory in December was just 1.6 and down from 1.8 in November. It's all about supply and demand at the end of the day.

Jan 29, 2023 06:53 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

It's hard to say what 2023 will bring Nina Hollander, Broker . But I think its fair to say Millbridge might not have as strong appreciation as in 2023 but will still be doing well!

Jan 29, 2023 07:25 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and thank you for your great information on Millbridge to share with us here in the Rain.  Make it a great Sunday!

 

Jan 29, 2023 08:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX hi Dorie... I totally agree with your assessment.  Charlotte is back to historic appreciation levels of around 4-5% and that's good... it's normalizing the market.

Jan 29, 2023 09:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for stopping by. Wishing you an excellent Sunday and good week ahead.

Jan 29, 2023 09:28 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- Waxhaw in S. Millbridge has always been one of my favorite communities that you share with us. All around, it seems to have so much to offer. 

Jan 29, 2023 11:13 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker  Hold on to the seat of your pants - NC was predicted #1 place to live in the US on the news. 

Jan 29, 2023 11:33 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Sunday afternoon, Nina.

Have a great day and an outstanding week.

Jan 29, 2023 12:10 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... Millbridge is amazing! I'm always afraid to take clients there if they have their kids with them... the kids take one look at the amenities and don't want to live any where else.

Jan 29, 2023 12:46 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams hi Hannah... I was aware of that and also that Charlotte will probably be the #1 city to buy real estate in. Wishing you a great rest of the weekend (what little is left of it).

Jan 29, 2023 12:47 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Happy Sunday to you, Roy... trust you and Dolores are both doing well and looking forward to a good new week.

Jan 29, 2023 12:47 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

Clearly Millbridge has a lot to offer its residents and the statistics speak pretty well to the popularity. It will be interesting to see how the market will change there in 2023.

Jeff

Jan 29, 2023 02:47 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, 

The average sales price is in a sweet spot for the market.  Buyers will continue to show good activity even with higher interest rates.

Jan 29, 2023 05:12 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 30, 2023 01:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS hi Jeff... I expect sales to slow down a bit this year in Millbridge, especially as the community gets fully built out. But I don't expect any major changes in price... as inventory there is still low. Then again, I could be totally wrong! :)))

Jan 30, 2023 04:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® good morning, Sheri... so much demand for homes in this part of the Charlotte metro area... I don't expect that a shifting market will "kill" that demand in Millbridge.

Jan 30, 2023 04:17 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Monday morning, Myrl... thanks for popping by. Wishing you a terrific start to the new week.

Jan 30, 2023 04:18 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Is the Charlotte market continuing to increase while a lot of areas have flattened out a bit?

Jan 30, 2023 04:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... it depends on the neighborhood. Many have increased year-over-year (which is amazing given how strong 2021 was). Some have increased quarter-over-quarter. Others have flattened.

Jan 30, 2023 05:01 AM