Waxhaw, NC Real Estate News

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... The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year.  Median home prices in Weddington and Marvin exceeded $1 million in August 2022, as they did in the prior month. Average days on market increased year-over-year and month-over-month. The list to sale ratio was down year-over-year and month-over-month.  It's clear that the Waxhaw area market is cooling down compared with the "feeding frenzy" we saw one year ago. By the same token, Waxhaw area home sellers were still in the driver's seat in August 2022. WAXHAW AREA HOUSING MARK...
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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... The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year and month-over-month in July 2022. Average home sale prices set a new record. Median home prices in Weddington and Marvin exceeded $1 million in July 2022. Average days on market increased year-over-year. The list to sale ratio was down year-over-year and month-over-month. While the Waxhaw area market is definitely cooling somewhat, home sellers remained in the driver's seat in July. WAXHAW AREA HOUSING MARKET HIGHLIGHTSJULY 2022 VERSUS JULY 2021  WAXHAW AREA AVERAGE HOME SALE...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Quellin Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Six homes sold in Quellin during Quarter 2 - 2022, four more than in the same quarter one year ago and one less than in the First Quarter 2022. Both listing and sale prices were up year-over-year, setting new records for home prices in Quellin. Average days on market remained at two days compared with the same quarter one year ago, but decreased by three days from the First Quarter 2022. Median days on market were just two days in Quarter 2 - 2022, in Quarter 1 - 2022, and Quarter 2 -2021. Home sellers received an average 104.9% of their asking price during the Second Quarter 2022. This compares to 105.8% in the same quarter one year ago and 106.8% in the first quarter of 2022. Median list to ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Weddington Chase Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Five homes sold in Weddington Chase during Quarter 2 - 2022, eight fewer than in the same quarter one year ago and two more than in the First Quarter 2022. Both listing and sale prices were up significantly year-over-year in Weddington Chase. Weddington Chase Home Sales Snapshot: Quarter 2 - 2022 Average days on market increased to four days from two days compared with the same quarter one year ago, but decreased by one day from the First Quarter 2022. Median days on market were just three days in Quarter 2 - 2022. Home sellers received an average 104.5% of their asking price during the Second Quarter 2022. This compares to 106.8% in the same quarter one year ago. Median list to sale ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Prescot Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Two homes sold in Prescot during Quarter 2 - 2022, one less than in the same quarter one year ago, but one more than in the First Quarter 2022.  Both listing and sale prices were up significantly year-over-year in Prescot.  Prescot Home Sales Snapshot: Quarter 2 - 2022 Average and median days on market increased to five days from one day compared with the same quarter one year ago. Home sellers received an average and median 103.2% of their asking price during the Second Quarter 2022. This compares to 106.1% in the same quarter one year ago. Median and average sale prices for Prescot homes increased in Quarter 2 - 2022 compared with 2021. Both metrics are at record highs for Prescot. Average a...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 16 homes sold in Lawson during Quarter 2 - 2022, 13 fewer than in the same quarter one year ago, but four more than in the first quarter of 2022. New listings decreased by 12 year-over-year to 19. Both listing and sale prices were up significantly year-over-year in Lawson. Lawson Home Sales Snapshot: Quarter 2 - 2022 Average days on market decreased to 11 days from 16 days compared with the same quarter one year ago. Average days on market dropped from 28 days to 11 quarter-over-quarter. Median days on market were just three days in the second quarter.  Home sellers received an average of 106.5% of their asking price during the Second Quarter 2022. This was 2.5% higher than in the first quarter ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 2 - 2022 In the Quarter 2 - 2022, 13 homes sold in the Somerset neighborhood, one more than in the same quarter of the previous year. New listings increased by one year-over-year from 12 homes to 13 homes in the Second Quarter 2022. Median listing and sale prices increased significantly compared with  Quarter 2 - 2021.  Average selling price was $662,908, increasing 24.27% year-over-year. Compared with Quarter 1 - 2022, average home sale prices were about $108,000 higher. The median sale price in Somerset was $630,000, increasing 18.87% year-over-year. Compared with Quarter 1 - 2022, median home sale prices were $90,000 higher. Median home prices set a new record in the Second Quarter. Home sales prices r...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 2 -2022 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 2 -  2022 compared with the same quarter one year ago. Average home sale price increased 25.69% to $565,525, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $433,000 to a high of $750,000 in Millbridge during Quarter 2 - 2022. Home sellers received 101.8% of asking price, on average in the Second Quarter 2021. Median sale prices of Millbridge homes averaged 100.0% of asking price in the Second Quarter 2021.  Median home sale price increased to $550,000 during Quarter 2 - 2022, up 26.61%. This was $39,000 higher quarter-over-qua...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community SpotlightQuarter 2 - 2022 10 homes sold in Hunter Oaks in Quarter 2 - 2022, eight fewer homes than sold in quarter two one year ago. Hunter Oaks had 10 fewer listings in Quarter 2 - 2022 than in the same quarter one year ago. No doubt, this contributed to the lower number of homes sold. Average home sale prices were up 28.29% compared with the second quarter in 2021. Median sale prices for Hunter Oaks homes also increased 22.49% year-over-year. Average sale price was $741,250. The median sale price was $727,000. Home sale prices ranged from a low of $565,000 to a high of $976,000 during the second quarter.  On average, sellers received 109.0% of list price in sale price during the second quarter 2022 and 1...
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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... Although we've heard lots of talk about housing markets slowing down and inventory gradually increasing to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area in May 2022, where average days on market continued to decrease, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in May 20...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin, NC real estate markets in April 2022... What you need to know...What it means for you...   While we've heard lots of talk about housing markets showing signs of slowing down and inventory gradually increasing in April to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area where average days on market continued to drop, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued significant declines in inventory, declines in pending and closed sales, declines in new lis...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community SpotlightQuarter 1 - 2022 10 homes sold in Cureton during Quarter 1 - 2022, six more homes than in the same quarter one year ago. New listings were flat at 12 compared with the same quarter one year ago.  It should be pointed out that 12 listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton Home Sales Snapshot: Quarter 1 - 2022 Cureton home sellers received 104.7% of asking price on average. Average days on market were 18 days in Quarter 1, 2022, compared with 11 days one year ago. Median days on market were just three, with a median list to sell ratio of 104.6%. Home prices in Cureton can range from the $400,000's to over $1 million. Average sale price in Cureton in the First Quarter 2...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 1 - 2022 12 homes sold in Lawson during Quarter 1 - 2022, four more than in the same quarter one year ago. New listings increased by four year-over-year to 14. Both listing and sale prices were up significantly year-over-year in Lawson. Lawson Home Sales Snapshot: Quarter 1 - 2022 Average days on market increased to 28 days from seven days compared with the same quarter one year ago. This was not a reflection of a slowdown in Lawson sales, overall. One home took 98 days to sell and another took 28 days to sell, which skewed the days on market negatively. Taking these two homes out of the mix took the average days on market down to just one day. Median days on market were just one day. As a result, home s...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 1 -2022 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 1 -  2022 compared with the same quarter one year ago. Average home sale price was $541,657, which was also almost $35,500 higher quarter-over-quarter. Home sale prices ranged from a low of $420,000 to a high of $775,000 in Millbridge during Quarter 1 - 2022. Home sellers received 102.6% of asking price, on average in the First Quarter 2021. Millbridge Home Sales Highlights: Q1 - 2022 versus Q1 - 2021 Median sale prices of Millbridge homes averaged 101.8% of asking price in the First Quarter 2021.  Median home sale price was $511,000 during Quarter 1 - 2022. This was $21,000 ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 1 - 2022 In the Quarter 1 - 2022, four homes sold in the Somerset neighborhood, one less than in the same quarter of the previous year. New listings decreased by one year-over-year from five homes to four homes in the First Quarter 2022. Median listing and sale prices increased significantly compared with  Quarter 1 - 2021.  Average selling price was $555,00, increasing 32.26% year-over-year. The median sale price in Somerset was $540,000, increasing 32.92% year-over-year. Home sales prices ranged from a low of $475,000 to a high of $650,000 in the First Quarter 2022. Somerset home sellers received 106.3% of listing price in final sale price, on average. The median list to sell  ratio was 106.1%. With mor...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community SpotlightQuarter 1 - 2022 Five homes sold in Hunter Oaks in Quarter 1- 2022, the same number as sold in quarter one year ago. Hunter Oaks had two more listings (eight) in Quarter 1 - 2022 than in the same quarter one year ago. Average home sale prices were up 59.6% compared with the first quarter in 2021. Median sale prices for Hunter Oaks homes also increased 62.68% year-over-year. Average sale price was $768,000. The median sale price was $776,000. Home sale prices ranged from a low of $689,000 to a high of $900,000 during the first quarter. Median sale prices reached historic highs in Hunter Oaks in the Quarter 1 - 2022. On average, sellers received 105.1% of list price in sale price during the first qu...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin, NC real estate markets in March 2022 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) saw continued significant declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in March 2022 versus March 2021. The only thing that increased were home prices, which increased 25.5% year-over-year, on average. Lack of inventory is clearly impacting sales volume and home prices in the 28173 zip code.  Waxhaw Area Housing Market HighlightsMarch 2022 Versus March 2021 Average days on market decreased 12 days (down 28.6%) to 30 days year-over-year from 59 days one year ago. A...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin, NC real estate markets in February 2022 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) saw continued significant declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in February 2022 versus February 2021. The only thing that increased were home prices, which surged almost 50% year-over-year. Lack of inventory is greatly impacting closed sales volume and home prices in the 28173 zip code.  Waxhaw Area Housing Market HighlightsFebruary 2022 Versus February 2021 Average days on market in the Waxhaw area decreased 31 days (down 47%) to 35 days year-over-year...
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By David Lee Morton, Real Estate Broker, Owner, Realtor®, Credit Guru
(David Morton Real Estate)
Waxhaw is roughly 20 minutes south of Charlotte and three miles from the South Carolina state line.Waxhaw is one of Union County's oldest cities, dating back to the 1700s, and named after the Waxhaws (formerly known as the Wysacky), an Indian tribe who historically inhabited the area. Waxhaw took its rightful place as Union County's third oldest town when it was founded in 1889.Waxhaw, with a population of about 17,147 people, has managed to keep its small-town character while achieving quality growth. The Waxhaw Historic District, located in the heart of town, is listed on the National Register of Historic Places and is home to a number of historic structures and attractions.The pedestrian bridge that spans the railroad lines is the most famous attraction. It was originally used to all...
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By David Lee Morton, Real Estate Broker, Owner, Realtor®, Credit Guru
(David Morton Real Estate)
"Life is a journey, not a destination," you've probably heard before. While we all follow our own routes, many of us share a few bright spots along the journey, such as buying a house and getting married. On the other side, life can be full of ups and downs, such as divorce and unexpected job changes.Whether it's good, bad, or bittersweet, life happens, and it's vital to evaluate the impact major life events might have on your credit and money. Here are six of them:1) Inquiry at Home, Sweet InquiryWhen you borrow money to buy a house, lenders will typically pull your credit report from one of the three major credit bureaus. This is referred to as a "hard inquiry." Hard inquiries show up on your credit report and have the potential to lower your credit score. A hard inquiry after you've ...
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