Weddington Chase Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight  Chase saw a definite softening in its home sales numbers in the Fourth Quarter 2022, both year-over-year and quarter-over-quarter. In the Fourth Quarter only average sale prices improved slightly (+2%) compared with the same quarter one year ago. Median sale prices, the list to sale price ratio, and average days on market all showed a negative trend. Compared with the Third Quarter 2022, the Fourth Quarter also had a negative shift, with both average and median home sale prices lower, list to sale price ratio down about 3.5%. and days on market up 20 days. For the year ended December 31, 2022, Weddington Chase saw an overall increase in home prices, although clearly moderating. List to sale price ra... 01/26/2023

Millbridge in Waxhaw, NCHome 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... 01/29/2023

Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight It was a strong showing for Lawson homes both in the Fourth Quarter 2022 and throughout 2022. Home sale prices increased year-over-year and quarter-over-quarter. To the extent the Lawson market shifted, it was in higher days on market, which increased to 31 days by the Fourth Quarter, and a lower list to sale price ratio, which was just under 100% in the Fourth Quarter.  Inventory remained tight in Lawson throughout 2022 and was down year-over-year. Just 50 homes sold in 2022 out of 600+ homes in the neighborhood. No doubt, this accounts for sale prices that increased throughout the year. In December 2022, the median sale price of a home in Lawson exceeded $700,000 on a rolling 12-month basis and set a new reco... 01/27/2023

Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community Spotlight Hunter Oaks was already seeing a softening in home sale prices in the Third Quarter of 2022. We saw that trend continue in the Fourth Quarter of 2022, with both average and median home sale prices down quarter-over-quarter. Year-over-year, Hunter Oaks home prices continued to rise but leveling off slightly in the final months of 2022. Median home sale prices have remained above $700,000 since August 2022. The list to sale price ratio for the year was just over 103%. In the Fourth Quarter the median list to sale price ratio increased by 0.5% over the Third Quarter 2022 and days on market dropped by 50% to just six days. It's clear that the frenzied market of the past year with multiple offers driv... 01/25/2023