Union County, NC Real Estate News

By David Snell 704.545.0098, CERTIFIED MOLD INSPECTOR, CERTIFIED MOLD REMOVAL.
(WWW.ExecutiveRestoration.Com)
Could Water Damage, Equal Mold and Wood Rot?How many times have I heard, that someone has had Water Damage and the person has wanted to save money and let it dry out, on its own? Since I have been in business, since 1987,  I hear of this quite often. Is this a wise thing to do?  I certainly would not advise it but some people feel like this is the way to save money but they are not saving money, in the long run.   Lets also look at safety and what water damage can turn into.  If someone does not have a Water Extraction and Dry Out, this can lead to not only Mold Removal but issues such as Wood Rot and this can be quite costly.  The above photo was taken of a clients home who wanted to save money and let the water dry out on its own but then developed a need for Mold Removal!  As the pho...
Comments 1
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in April and what it means for you...  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has fully recovered from the effects of the pandemic and is without doubt a home seller's market. Home prices increased over April 2020, while days on market and inventory dropped significantly year-over-year. Average home prices increased 6.6% to $322,707 in April 2021 compared with the same month one year ago. Median home prices increased 17.5% to $335,000 year-over-year.  Price per square foot averaged $158 (up $20/square foot), increasing 14.5% year-over-year. The months supply of homes for sale dropped to 0.8 months (down 60% from 2 months in April 2020). Inventory of homes also dropped 59.3% ...
Comments 28
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in April and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 70.5% year-over-year) in April 2021, despite an increase in new listings of 32.6%.  The Waxhaw area's housing market has essentially bounced back after last year's pandemic lockdowns which put our housing market on pause. Average days on market decreased 15 days to 29 days year-over-year. Median days on market were 3 days in March, down 8 days year-over-year. Continued tight inventory and a months supply of homes of 0.8 months (a 2.7 month's drop from 3.5 months one year ago), kept the Waxhaw area ...
Comments 18
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
   Crismark Neighborhood in Charlotte Area's Indian TrailReal Estate Report & Neighborhood Spotlight Quarter 1 - 2021 For a community with some 900 homes, the 8 homes listed for sale in Crismark in the first quarter of 2021 were a drop in the bucket. Just 6 homes sold in Crismark in the first quarter (down from 10 year-over-year). The number of new listings dropped year-over-year to 8 homes from 14 homes one year ago. Average days on market dropped to just 2 days due to lack of inventory. The longest any listed home in Crismark was on market was just 5 days in the first quarter 2021. Average sale price of homes in Crismark in the first quarter was $323,121 (about $10,000 higher than in the most recent fourth quarter 2020). The median sale price was $310,000.  Crismark homes sold at 103....
Comments 10
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw area (28173 zip code) real estate market in March and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see extremely tight inventory (dropping 74.3% year-over-year) in March 2021, coupled with a 30.1% decrease in new listings year-over-year. Average days on market decreased 17 days to 42 days year-over-year. Days on market also decreased 26 days versus February 2021. Median days on market were 4 days in March, down 8 days year-over-year and down 22 days month-over-month.  Continued tight inventory and a months supply of homes of 0.7 months (a 2.8 month's drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market....
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Charlotte's Annual Queen's Cup Steeplechase Live Stream: Saturday, April 24, 2021 Charlotte area's annual Queen's Cup Steeplechase reurns for the 26th year on Saturday, April 24th.  Even though the Steeplechase is virtual this year, you can still enjoy the thrill of the race at the annual Queen's Cup Steeplechase--one of Charlotte region's most loved springtime events! This iconic event is held the last Saturday of every April in Mineral Springs, North Carolina and is sponsored by the Charlotte Steeplechase Association, Inc., a non-profit organization partnering with and benefiting numerous local charities in the Charlotte region.  Since the inception of this event, more than $950,000 has been raised for local charities. This year, proceeds will go to the Alzheimer's Association. Buy ra...
Comments 30
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community Spotlight Quarter 1 - 2021 Five homes sold in Hunter Oaks in the 1st quarter of 2021, two fewer than in the same period one year ago. Average home sale prices were up 8.5% compared with the 1st quarter in 2020. Median sale prices for Hunter Oaks homes also increased 2.58% year-over-year. Average sale price was $506,300. The median sale price was $477,000. Home sale prices ranged from a low of $445,000 to a high of $605,500 in the first three months of 2021. On average, sellers received 106.1% of list price in sale price during the 1st quarter 2021 and 101.8% on a median basis. Hunter Oaks homes took 2 days to sell, on average... 32 fewer days than in the same quarter one year ago. Median days on market we...
Comments 24
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Somerset Neighborhood in Waxhaw, NCReal 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     Detailed rep...
Comments 12
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight1st  Quarter 2021 8 homes sold in Lawson during the First Quarter 2021, two fewer than in the same quarter one year ago. Lawson had eight fewer listings for sale than in the same quarter one year ago. The overall lack of new listings was also reflected in the drop in average days on market, which were down 60 days to 2 days compared with the same quarter one year ago. As a result, home sellers received 104.6% of their asking price during the first quarter 2021. Every single home sold above 100% of list price, except one. Median list and sale prices for Lawson homes increased in the 1st quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the first quarter was $459,438. Med...
Comments 16
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community SpotlightQuarter 1 - 2021 4 homes sold in Cureton during the First Quarter of 2021, 4 fewer homes than in the same quarter one year ago. New listings were also down compared with the same quarter one year ago -- down 10 homes. It should be pointed out that 12 new listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton home sellers received 100.7% of asking price on average. Average days on market were 11. Median days on market were just two. Home prices in Cureton can range from the lower $300,000's to the low  $800,000's. Average sale price in Cureton in the first quarter 2021 was $542,000, considerably higher than the average sale price of $487,833 at the end of the fourth quarter 2020...
Comments 6
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 1 - 2021 As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($393,382) increased during the 1st Quarter 2021 compared with the same quarter one year ago. Median home sale prices were also some $20,000 higher than in the most recent quarter ended December 31. 2020. Median sale prices of Millbridge homes averaged 100% of asking price in the first quarter 2021. Average home sale prices ($408,610) also increased in the 1st Quarter 2021 compared with the same quarter one year ago. Average sale prices increased some $17,000 over what they were at year end 2020. Sale prices of Millbridge homes averaged 100.8% of asking price.  69 homes sold in quarter fou...
Comments 19
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Indian Trail real estate market in February 2021 and what it means for you...  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has totally recovered from the effects of the pandemic. Home prices increased over February 2020, while days on market and inventory dropped significantly year-over-year. Average home prices increased 18.1% to $330,316 in February 2021 compared with the same month one year ago. Median home prices increased 14.7% to $323,000 year-over-year.  Price per square foot averaged $147 (up $20/square foot), increasing 15.7% year-over-year. The months supply of homes for sale dropped to 0.6 months (down 70% from 2 months in February 2020). Inventory of homes also dropped 68.7% compared with the same ...
Comments 8
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in February and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 70.6% year-over-year) in February 2021, coupled with a 22.4% decrease in new listings year-over-year. Average days on market decreased 11 days to 68 days year-over-year.  Median days on market were 26 days in February, down 14 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high. Continued tight inventory and a months supply of homes of 0.8 months (a 2.3 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market.  With home sellers ...
Comments 5
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 9 Hot Indian Trail, NC Neighborhoods To Watch In 2021 Indian Trail in Union County remains an affordable area for homes with numerous communities still selling at under $300,000 and just over $300,000. Five of these 9 neighborhoods have been top selling neighborhoods in Indian Trail for four consecutve years: Fieldstone Farm, Brandon Oaks, The Enclaves at Crismark, Lake Park, and Crismark.      BRANDON OAKS 69 homes sold in Brandon Oaks in 2020 compared with 79 homes sold in 2019. Brandon Oaks remains a perennially favorite and affordable Indian Trail neighborhood, although average sale prices in 2019 rose to over $300,000 to $300,906 in 2020 compared with $277,447 in 2019, $262,159 in 2018 and $251,772 in 2017. Average cumulative days on market in Brandon Oaks were just 14 days. Home ...
Comments 20
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 12 Hot Neighborhoods To Watch In Charlotte's Waxhaw Area (28173 Zip Code) In 2021 Charlotte metro area's Waxhaw/Weddington/Marvin areas remained hot in 2020, especially luxury homes neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2020 and are worth watching in 2021 for continued demand.  9 neighborhoods on the 2020 list were hot neighborhoods for three consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel, Longview, Greenbrier. Two neighborhoods made the 2020 hot neighborhoods list for a second consecutive year -- Somerset and Briarcrest. Two new neighborhoods are on the hot neighborhood list in Waxhaw as of 2020 --  Anklin Forrest and Cortona. Excellent schools, reasonabl...
Comments 16
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in January and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) was very much a home seller's market in January 2021 with tight inventory (dropping 62.9% year-over-year), coupled with an 11.5% decrease in new listings year-over-year. Average days on market decreased 14 days to 49 days year-over-year.  Median days on market were 7 days in January, down 45 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high. Continued tight inventory and a months supply of homes of 1 month (a 2.1 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market. ...
Comments 24
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
  Latest news on the Indian Trail real estate market in January 2021 and what it means for you...  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has not only recovered from the initial effects of the pandemic early in 2020, but began the new year as it ended the last year -- as a seller's market. Home prices increased over January 2020, while days on market and inventory dropped significantly year-over-year. Average home prices increased 12% to $329,160 in January 2021 compared with the same month one year ago. Median home prices increased 16.9% to $345,000 year-over-year.  Price per square foot averaged $147 (up $20/square foot), increasing 15.7% year-over-year. The months supply of homes for sale dropped to 0.9 months (down 55% f...
Comments 28
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Union County, NC Housing Market Report: 4th Quarter 2020 Latest news on the Union County real estate market and what it means for you... Fourth Quarter 2020 Union County, North Carolina home sales kept the county a seller's market with just 0.6 months of inventory. Union County includes the towns of Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Monroe, Hemby Bridge, Lake Park, Wesley Chapel, Wingate, Marshville, Fairview, Unionville, Matthews, and Mineral Springs.    During the fourth quarter of 2020, Union County saw inventory and months supply of homes shrink significantly compared with the same time frame one year ago. The months supply of homes for sale is at its lowest level in over 15 years. Days on market also decreased significantly and are at their lowest in over 15 yea...
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
   Crismark Neighborhood in Charlotte Area's Indian TrailReal Estate Report & Neighborhood Spotlight Quarter 4 - 2020 For a community with some 900 homes, the 7 homes listed for sale in Crismark in the fourth quarter of 2020 were a drop in the bucket. Just 12 homes sold in Crismark in the fourth quarter (same number of sales as in the same quarter one year ago). The number of new listings also dropped year-over-year to 7 homes from 9 homes one year ago. Average days on market, as a result, dropped to just 5 days from 24 days year-over-year. Average sale price of homes in Crismark in the fourth quarter was $312,613 and the median sale price was $291,500.  Crismark homes sold at 101.5% of listing price.  Buyers had virtually no room to negotiate on price in this popular community in the f...
Comments 18
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight 4th  Quarter 2020 19 homes sold in Lawson during the Fourth Quarter 2020, four more than in the same quarter one year ago. Lawson had four more listings for sale than in the same quarter one year ago. However, the overall lack of new listings was also reflected in the drop in average days on market, which were down 34 days to 12 days compared with the same quarter one year ago. As a result, home sellers received 100.6% of their asking price during the first quarter 2020. Median list and sale prices for Lawson homes decreased in the 4th quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the fourth quarter was $443,537; median sale price was $380,000. This drop in sale pr...
Comments 22