Union County, NC Real Estate News

By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Highgate Market Report | SEPT 2023Weddington, NC - Highgate Community - Nestled just over the border in Union County along Providence Road (Hwy 16), this lavish and meticulously crafted neighborhood stands as a beacon for luxury living. Highgate attracts buyers from every corner of the country with its remarkable homes, carefully designed landscapes and an unbeatable location. Thanks to its close proximity to I-485, residents find commuting a breeze whether they're heading to Uptown, Ballantyne, SouthPark, Fort Mill, the UNCC zone or the Charlotte Douglas International Airport. Residents of Highgate are served by the highly respected Weddington school district, with the added convenience of nearby private schooling options. Plus, the slightly lower property taxes of Union County are a p...
Comments 3
By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte NC Real Estate Market Report | Chatelaine - AUG 2023 Prepare to be captivated by the enchanting homes of Chatelaine! Each residence exudes regal charm, showcasing a variety of architectural designs while embracing a delightful European theme throughout. These homes are a minimum of 3,500 square feet, offering an abundance of space to live and thrive. Get ready to indulge in the finest appointments that the South Charlotte area has to offer. Welcome to CHATELAINE, a gated luxury home community nestled in the desirable South Charlotte/Waxhaw area. Here, you'll discover the perfect blend of elegance and warmth, all while enjoying the added benefit of low Union County taxes. It's truly a haven for those seeking both luxury and financial savvy. But what truly sets Chatelaine apart ...
Comments 7
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in July 2023...What you need to know...What it means for you... Key take-aways about the Indian Trail area (28079 zip code) housing market in July 2023, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include: Both average and median home prices decreased year-over-year and month-over-month. New listings declined from almost 37.7% compared with July one year ago. New listings also declined from June 2023. Housing inventory declined year-over-year and was flat month-over-month. Months supply of inventory at 2.52 months kept Indian Trail in "seller territory" in July 2023. Days on market declined by 11 days to 24 days in July 2023 compared with the prior month of June. This was a the sixth consecutiv...
Comments 20
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in July 2023: Closed home sales decreased in July after four consecutive months of increases. By the same token, closed sales in July were second highest in 2023. The list to sale price ratio still at over 100% at 100.06%. Median sale price increased 2.5% from June and 18.6% year-over-year. Average sale price declined 5.2% month-over-month and was flat year-over-year. The average sale price in June 2023 was abnormally high at $905,000. It would appear that the drop had more to do with the...
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in June 2023...What you need to know...What it means for you... Key take-aways about the Indian Trail area (28079 zip code) housing market in June 2023, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include: Both average and median home prices increased year-over-year by 13.38% and 12.32%, respectively. New listings declined from almost 16% compared with June one year ago. Housing inventory declined year-over-year and month-over-month. Months supply of inventory at 2.28 months kept Indian Trail in "seller territory" in June 2023. Days on market declined by eight days in June 2023 compared with the prior month of May. This was a fourth consecutive month of declines in DOM. Closed sales increased 1...
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in June 2023: Closed home sales increased a fourth consecutive month and were at  their highest level of closed sales since September 2022. The list to sale price ratio was just over 101% at 101.51%. Median sale price increased 20.6% from May and 12.2% year-over-year. Average sale price increased 22.7% from May and 19.5% year-over-year. Average days on market increased to 26 days from May's 19 days. June's days on market were 10 days fewer than the year-to-date average for DOM in the Waxh...
Comments 34
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight: Quarter 2 - 2023Median Sale Prices Up 16% | Just 9 Average Days On Market Cureton home prices increased in Quarter 2-2023 both year-over-year and quarter-over-quarter. The increase from the First Quarter 2023 was quite substantial. Inventory remained tight for the first half of 2023 compared with the same time period one year ago. The list to sale price ratio, while lower than one year ago, was still just under 100% year-to-date in 2023. The average days on market in Quarter 2-2023 were considerably lower at nine days versus the 61 days we saw in Cureton in Quarter 1-2023. CURETON HOME SALES SNAPSHOT: QUARTER 1 - 2023 CURETON HOME SALES SNAPSHOT: QUARTER 1 - 2023  To track sales in Cureton "real time," click h...
Comments 26
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight: Quarter 2 - 2023 Millbridge home sales held their own in Quarter 2-2023 both year-over-year and quarter-over-quarter. Compared with the Second Quarter 2022, average sale price was flat, while the median sale price declined by 3%. Quarter-over-quarter, average sale priced increased by $56,000. Median sale price increased by $38,000.Year-over-year,  the list to sale price ratio declined by 1%, but it was still just over 100%. The list to sale price ratio improved by 3.16% from the First Quarter 2023.Days on market were 18 and essentially flat quarter-over-quarter, which saw 19 days on market. The number of properties sold was also flat quarter-over-quarter. MILLBRIDGE HOME SALES SNAPSHOT: QUARTER 2- 2023 MILLBRIDGE HOME S...
Comments 16
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Weddington Chase Neighborhood in Marvin, NCReal Estate Report & Neighborhood Spotlight: Quarter 2 - 2023 Weddington Chase home sale values increased in Quarter 2-2023 year-over-year. The two homes that sold in the Second Quarter 2022 sold at 108.25% of list price and as quickly as they were listed. Limited inventory is without doubt keeping home prices high and day on market low. Just three homes sold in the first six months of 2023. WEDDINGTON CHASE HOUSING MARKET SNAPSHOT: QUARTER 2-2023 WEDDINGTON CHASE HOUSING MARKET SNAPSHOT: QUARTER 1-2023 MEDIAN SALE PRICE TRENDS FOR HOMES IN WEDDINGTON CHASE(12 Month Rolling Average)  To track sales in Weddington Chase "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Weddington Chase ho...
Comments 24
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Quellin Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight: Quarter 2 - 2023Quellin Homes Sold Quickly: Just 5 Days On Average After seeing NO sales in Quarter 1-2023, Quellin had three sales in the Second Quarter 2023. The three sales were half that of sales in the same quarter one year ago. The list to sale price ratio was just under 100% and home sold quickly -- in just 5 days on average. Both average and median sale prices declined year-over-year but they were considerably higher than the prices we saw in the Fourth Quarter 2022 when there were sales in Quellin. QUELLIN HOUSING MARKET SNAPSHOT: QUARTER 2 - 2023 MEDIAN SALE PRICE TRENDS FOR HOMES IN QUELLIN(12 Month Rolling Average) To track sales in Quellin "real time," click here for our Neighborhood Analyzer Re...
Comments 18
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Crismark Neighborhood in Greater Charlotte's Indian Trail, NCReal Estate Report & Neighborhood Spotlight: Quarter 2 - 2023 Crismark home prices increased both year-over-year and quarter-over-quarter for the quarter ended June 30, 2023. Year-over-year the average home price increased 10%, while the median sale price increased 18%. Compared with the First Quarter 2023, Crismark homes sold on average for $90,000 more in Quarter 2-2023. The median sale price increased by $85,000 quarter-over-quarter. Some of this increase is attributable to the higher price mix of Second Quarter listings.Although the average days on market increased 38% compared with the same quarter one year ago, days on market decreased by 40 days from the previous quarter, selling in just 11 days, on average. The list to...
Comments 10
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight: Quarter 2 - 2023List To Sale Price Ratio: 103.33% | Home Prices Up From Q1 - 2023 Although Somerset's average home sale price was down compared with Quarter 2-2022, the average sale price increased $68,000 from the First Quarter 2023. Median sale price was also down year-over-year, but $30,000 higher than in the First Quarter 2023.List to sale price ratio of 103.33% in Quarter 2-2023 was 6% lower than in the same quarter one year ago, but was 4.19% higher than in Quarter 1-2023.Continuing declines in the number of homes for sale in Somerset kept it a seller's market in Quarter 2-2023 despite an increase in days on market both year-over-year and quarter-over-quarter. SOMERSET HOME SALES SNAPSHOT: QUARTER 2 - 202...
Comments 6
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community Spotlight: Quarter 2 - 2023List To Sale Price Ratio: 101.65% | Days On Market: 7  Hunter Oaks had a strong showing for home sales in Quarter 2-2023. Although the average home sale price was down compared with Quarter 2-2022, the average sale price increased $55,000 from the First Quarter 2023. Median sale price was down year-over-year, but $20,000 higher than in the First Quarter 2023. List to sale price ratio of 101.65% in Quarter 2-2023 was 7% lower than in the same quarter one year ago, but was 6.74% higher than in Quarter 1-2023. It was the same story with days on market, with days on market increasing to 7 days year-over-year, but decreasing 71 days quarter-over-quarter. All this with continuing decli...
Comments 12
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight: Quarter 2 - 2023Home Prices Up $99,000 From Quarter 1- 2023 Lawson had a strong showing for home sales in Quarter 2-2023. Although average home sale price was down compared with Quarter 2-2022, the average sale price increased $99,000 from the First Quarter 2023. Median sale price was flat year-over-year and $109,000 higher than in the First Quarter 2023. List to sale price ratio of 101.49% in Quarter 2-2023 was 5% lower than in the same quarter one year ago, but was 4.56% higher than in Quarter 1-2023. It was the same story with days on market, with days on market increasing to 15 days year-over-year, but decreasing 28 days quarter-over-quarter. All this with continuing declines in the number of homes for sal...
Comments 22
By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Highgate Market Report | JULY 2023The Highgate community in Weddington, NC is an exquisitely designed, highly sought-after, luxury neighborhood that is located just beyond the Union County line on Providence Road (Hwy 16). The combination of its breathtaking homes, carefully curated landscaping and optimal location make it a magnet for buyers, both locally as well as from all across the country. Its proximity to I-485 facilitates easy commuting to key areas in the Charlotte Metro including Uptown, Ballantyne, SouthPark, Fort Mill, the UNCC region and Charlotte Douglas International Airport. Highgate residents benefit from being assigned to the highly esteemed Weddington school district; the neighborhood's location also offers convenient access to several private schools. The property ta...
Comments 4
By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte NC Real Estate Market Report | Chatelaine - JUNE 2023 Prepare to be captivated by the enchanting homes of Chatelaine! Each residence exudes regal charm, showcasing a variety of architectural designs while embracing a delightful European theme throughout. These homes are a minimum of 3,500 square feet, offering an abundance of space to live and thrive. Get ready to indulge in the finest appointments that the South Charlotte area has to offer. Welcome to CHATELAINE, a gated luxury home community nestled in the desirable South Charlotte/Waxhaw area. Here, you'll discover the perfect blend of elegance and warmth, all while enjoying the added benefit of low Union County taxes. It's truly a haven for those seeking both luxury and financial savvy. But what truly sets Chatelaine apart...
Comments 3
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in May 2023...What you need to know...What it means for you... Key take-aways about the Indian Trail area (28079 zip code) housing market, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include: Both average and median home prices had only a slight increase in May. New listings declined from May 2022, but increased month-over-month. Housing inventory was at its second lowest level since May 2022, despite a 37+% increase in new listings versus April 2023. Months supply of inventory fell below 3 months in May 2023. Days on market declined by 13 days in May 2023 compared with the prior month of April. This was a third consecutive month of declines in DOM. Closed sales declined both month-over-month a...
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in May 2023: Closed home sales increased for a third consecutive month and were at  their highest level of closed sales since September 2022. The list to sale price ratio was just under 101% at 100.72%. Median sale price declined slightly from April 2023 (most likely due to price mix of homes for sale), but increased year-over-year. Average days on market were at their lowest since September 2022, decreasing 7 days to 19 days in April. Waxhaw housing inventory dropped to its lowest level ...
Comments 14
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in April 2023...What you need to know...What it means for you... Key take-aways about the Indian Trail area (28079 zip code) housing market, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include: Both average and median home prices increased month-over-month and year-over-year. New listings declined 44+% from April 2022. New listings also declined from March 2023. Housing inventory was at its lowest level since April 2022, despite an 11.72% increase year-over-year. Days on market declined by 14 days in April 2023 compared with the prior month of March. Closed sales increased 26.32% over March 2023 and 1.41% year-over-year. List to sale price ratio just under 100% in April 2023.   Indian Trail Are...
Comments 30
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in April 2023: Closed home sales were at their highest level since September 2022. The list to sale price ratio was just under 100% at 99.72%. Both average and median sale prices increased month-over-month and year-over-year. Average days on market were at their lowest since September 2022, decreasing 15 days to 26 days in April.  WAXHAW AREA HOUSING MARKET HIGHLIGHTSAPRIL 2023WAXHAW AREA MEDIAN & AVERAGE SALE PRICES INCREASEThe median sale price in April 2023 was $696,346, 9.7% higher th...
Comments 28