Waxhaw, NC's Millbridge Neighborhood Home Sales Quarter 1-2025
By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Millbridge Home Prices And Sales Dip in Quarter 1-2025 As New Construction Ends In Quarter 1-2025, Millbridge home sale prices experienced a year-over-year decline, with the median sale price dropping 5% and the average sale price falling 6%. This decrease is partly due to a different price mix of homes sold compared with 2024, as well as the absence of new construction sales, which typically fetched premium prices. Despite the overall price drop, the average price per square foot rose 5% to $216 compared with Q1-2024. The list-to-sale price ratio dipped 3 percentage points to 98.3% from the same quarter one year ago, giving buyers slightly more room to negotiate. This change also reflects the end of new construction in the neighborhood, as builders typically do not negotiate on price. ...
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