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Waxhaw, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
 Somerset Home Sales – Quarter 1-2025 OverviewTight Market Conditions Persist In Somerset In Early 2025 In the first quarter of 2025, both the average and median home sale prices in Somerset rose 12% year-over-year. The price per square foot increased 4% to $244. However, the total number of homes sold remained unchanged at two, the same as in Q1-2024. Given the low volume, price trends should be interpreted with caution.  The list-to-sale price ratio increased slightly—up 1% from a year ago to just under 100%—but 3% higher than the previous quarter ending December 31, 2024. This suggests limited room for negotiation for buyers. Homes also sold more quickly, with days on market dropping 73% from 81 days one year ago to just 22 in the current year. Inventory remained tight, with the mont...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Cureton Home Sales: Quarter 1-2025 Market Overview In the first quarter of 2025, Cureton experienced a 7% year-over-year decline in median home price, while the average home price dropped 4% compared with the same period last year. However, these year-over-year figures should not be interpreted as a decrease in overall home values in the community. Homes in Cureton span a wide price range—from the upper $400,000s to over $1.2 million—making pricing trends highly sensitive to the mix of homes sold in any given period. This sensitivity to the price mix of homes sold is evident when comparing Q1-2025 to the previous quarter ending December 31, 2024. Both the median and average sale prices in Q1-2025 were notably higher than Q4-2024, when the average price was $707,000 and the median was $5...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Fewer Sales, More Inventory Push Lawson Toward A Balanced Market In Quarter 1-2025 In Lawson, both average and median home sale prices declined in the first quarter of 2025—down 8% and 1%, respectively, compared with the same period a year earlier. This decrease is likely due to the mix of homes sold rather than due to any notable drop in property values in this highly sought-after Waxhaw neighborhood. The average price per square foot rose to $217, a 3% increase year-over-year. The list-to-sale price ratio dipped slightly to 99.2%, down 2% from Q1 2024, but up 2.2% from the previous quarter ending December 31, 2024. Days on market climbed to 43, a significant increase from the same quarter last year, though an improvement from 68 days in the prior quarter. Just four homes sold in Q1-2...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Quellin Remains A Seller’s Market In Quarter 1-2025Quellin Holds Steady Amid Zero New Listings Home sales in Quellin remained steady in Quarter 1-2025, with four properties sold—the same as in Quarter 1-2024. Both the average and median sale prices were unchanged year-over-year, as was the average price per square foot, which held at $200. The number of homes for sale declined 13% to seven, while new listings dropped sharply to zero, a 100% decrease from the previous year. Inventory remained flat year-over-year with a 1.75 month supply of inventory, keeping Quellin firmly in home seller "territory." Homes spent an average of 37 days on the market, unchanged from last year. The list-to-sale price ratio also held steady at 101.6%, leaving Quelling home buyers little room for price negotia...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
February 2025 Waxhaw Housing Report: Prices, Sales, Inventory Trends Waxhaw's real estate market remained strong in February 2025, with home prices reaching their highest levels compared with February 2024 and February 2023. The average price per square foot hit $267, marking a three-year high for the area.  Home sales rose both month-over-month and year-over-year, while the list-to-sale price ratio increased to 99.41%, up 1.8% from the previous month, leaving buyers with limited room for negotiation. The average days on market (DOM) dropped significantly by nearly 26%, from 77 days in January—the highest in three years—to 57 days in February.  While housing inventory remained stable from the prior month, it grew by 18.18% year-over-year. New listings saw a 21% month-over-month increase...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
January 2025 Waxhaw Area Housing Report: Prices, Sales, Inventory Trends In January 2025, the Waxhaw area real estate market remained strong, with home prices reaching their highest levels compared with January 2024 and January 2023. While home sales decreased from the previous month, they showed improvement over January of the prior year. The list-to-sale price ratio held steady at 97.55%, unchanged both month-over-month and year-over-year. The average days on the market surged to 74 days, marking a three-year high. Inventory of homes for sale declined for the fourth consecutive month, while new listings increased for the first time after seven months of declines. With a months supply of inventory at 7.35 months, Waxhaw remained a buyer’s market in January 2025.  WAXHAW REAL ESTATE JAN...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Hunter Oaks Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight  Home sale prices in Hunter Oaks experienced significant year-over-year growth, with average and median home sale prices improving by 14% and 21%, respectively. The price per square foot rose 10% to $241 compared to 2023. The list-to-sale price ratio held steady at 101.3%, offering home buyers little to no room for negotiation. The number of properties sold climbed 22% to 33, compared with the previous year, while days on market (DOM) dropped 31% to just 22 days, highlighting the tight inventory conditions in 2024 despite the increased sales activity. Although the months supply of inventory grew by 23% year-over-year, it remained critically low at just 0.27 months, solidifying Hunter Oaks as a str...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Cureton Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight Cureton's home prices declined in 2024, reflecting changes driven largely by the price mix of homes sold rather than a shift in overall values. The median home price fell 30% year-over-year, while the average home price declined by 11% compared with the previous year. Sale prices in Cureton ranged from the upper $400,000s to over $1.2 million, with median and average prices influenced by the specific mix of properties sold during the year. The price per square foot increased by 3%, reaching $217 year-over-year. Total home sales dropped 23% to just 20 transactions, representing only 3% of the community's 638 homes. The average days on market rose by 36% to 38 days. Despite these changes, the list-to-sa...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Millbridge Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight2024 saw a notable rise in home prices in Millbridge, with the median sale price climbing 12% and the average sale price increasing by 13% year-over-year. The average price per square foot rose by 7% to $211. The list-to-sale price ratio grew by 2%, reaching 100.5%, indicating minimal room for Millbridge home buyers to negotiate on price in 2024. The number of homes sold fell by 6% to 93, reflecting a tightening market. The limited inventory resulted in a significant 38% drop in the average days on market, which plummeted to just 15 days. With a meager 0.17 months supply of inventory, Millbridge remained a home seller's market throughout 2024. MILLBRIDGE 2024 HOME SALES SNAPSHOT         To track sal...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Lawson Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight  Lawson experienced good growth in 2024, with the average home sale price rising 13% year-over-year and the median sale price increasing by 10%. The average price per square foot reached $212, reflecting a 6% increase from 2023. The list-to-sale price ratio remained steady at 100.1%, unchanged from the previous year.   Days on market increased slightly, up 5% to an average of 23 days in 2024, yet homes in Lawson continued to sell quickly.   2024 saw 45 homes sell, marking a 7% increase compared with 2023. With more than 765 homes in the Lawson neighborhood, these 45 sales accounted for just 6% of the total inventory.   Lawson's months supply of inventory rose by 5% to 0.2 months, reinforcing its status...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Somerset Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight  In 2024, Somerset home sales remained strong and steady. Average and median home sale prices rose by 15% and 17%, respectively, compared with the previous year. The price per square foot decreased by 3% to $243. The number of homes sold dropped significantly, down 20% to just 12 homes.   The list-to-sale price ratio fell 3% year-over-year to 101.2%, with Quarter 1 of 2024 being the only quarter where this ratio exceeded 100%. This shift provided Somerset homebuyers with more opportunities to negotiate on price throughout the year. Days on market decreased by 16% to an average of 21 days. It’s worth noting that one outlier sale in Quarter 1-2024 heavily influenced this metric.   The Somerset months s...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Quellin Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight Quellin home sales remained steady year-over-year, with 11 properties sold in both 2023 and 2024. The average sale price rose by 6%, while the median sale price increased by 13% compared with the previous year. However, the average price per square foot dropped by 4% to $188. The average days on market increased to 31 days, compared with just 5 days the prior year. While this was a significant increase year-over-year, 31 days on market is still a quick sale. Meanwhile, the list-to-sale price ratio dipped slightly by 1%, landing just below 100% at 99.5%. The months supply of inventory held steady at 0.73 months, reflecting a continued home seller's market with less than one month of available inventory...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Chatelaine in Focus: The Latest Waxhaw NC Real Estate Insights | FEB 2024 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 Chatel...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW AREA HOUSING MARKET...WHAT YOU NEED TO KNOW... Median Sale Price Up 21.6% Year-Over-YearAverage Sale Price Up 14.43% Year-Over-Year 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 November 2023: Closed home sales declined both month-over-month and year-over-year. The list to sale price ratio was just under 100% at 99.19%, limited the ability of home buyers to negotiate on price and remained unchanged both month-over-month and year-over-year. Median sale price unchanged from the prior month, but increased almost 22% compared with November 2022. Average sale price declined slightly from the prior month, but increased 14...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Chatelaine in Focus: The Latest Waxhaw NC Real Estate Insights | DEC 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 Chatel...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW... 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 October 2023: Closed home sales increased from September 2023, but declined year-over-year. The list to sale price ratio was just under 100% at 99.1%, limited the ability of homes buyers to negotiate on price. Median sale price declined from September, but increased 6.65% compared with October 2022. Average sale price declined both month-over-month and year-over-year. Average days on market decreased to 18 days from September's 35 days. This was the lowest number of days on market since August 2022. Waxhaw ...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Chatelaine in Focus: The Latest Waxhaw NC Real Estate Insights | Oct 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 Chatel...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight: Quarter 3 - 2023 Cureton Median Sale Price Up 42% Compared With Quarter 3-2022Cureton home sales in Quarter 3-2023 saw median home prices jump 42% compared with the same quarter one year ago. Average home prices increased 10% from one year ago. Home prices also increased from Quarter 2-2023. The 11 homes sold in Quarter 3-2023 was the highest number of homes sold in a single quarter this year and almost equal to the number of homes sold in the first two quarters of the year combined. Average days on market increased year-over-year and quarter-over-quarter, but were still a respectable 30 days. List to sale price ratio was just under 99%, flat compared with the same quarter one year ago and slightly down from t...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight: Quarter 3 - 2023 List To Sale Price Ratio: 107.27% | Days On Market Just 2 DaysSomerset home sales Q3-2023 saw average and median home sale prices increase 18% and 12%, respectively, compared with the same quarter one year ago. Home prices also increased significantly over Quarter 2-2023. The list to sale price ratio increased to 107.27%. Lack of inventory in Somerset kept it a seller's market in Quarter 3-2023 and was reflected in the average two days on market for listed homes. SOMERSET HOME SALES SNAPSHOT: QUARTER 3 - 2023 SOMERSET HOME SALES SNAPSHOT: QUARTER 2 - 2023 SOMERSET HOME SALES SNAPSHOT: QUARTER 1 - 2023   To track sales in Somerset "real time," click here for our Neighborhood Analyzer Report and ...
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By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight: Quarter 3 - 2023 Days On Market Decline To 12 Days Lawson had a strong showing for home sales in Quarter 3-2023. Although home sale prices were down compared with Quarter 2-2023, both average and median home sale prices increased from Quarter 3-2022. Given the wide range of home prices in Lawson, it's not unreasonable to assume that the quarter-over-quarter sale prices were affected by the price mix of homes sold in the Third Quarter. List to sale price ratio of 100.48% in Quarter 3-2023 was flat compared with the same quarter one year ago. Days on market declined 14% to 12 days from one year ago and were three days lower than in Quarter 2-2023. The number of properties sold also declined year-over-year (-35%)...
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