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... 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)
Charlotte NC Real Estate Market Report | Chatelaine - APR 2023How is the real estate market doing in Chatelaine?The regal homes that comprise Chatelaine vary in architectural design, although all feature the European theme throughout.  Homes are all a minimum of 3,500 square feet and boast some of the finest appointments in the South Charlotte area.CHATELAINE – Gated Luxury Home Community in South Charlotte / Waxhaw AreaChatelaine offers low Union County taxes and a truly neighborly community like no other.The Chatelaine neighborhood is faring well as the Charlotte luxury real estate market remains stable in today's market.Average Sales prices in Chatelaine rose 44.4% year-over-year to $1,667,500!Chatelaine’s average price per square foot demonstrates sound equity for homeowners in the ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight: Quarter 1 - 2023 After softening somewhat in the Third Quarter of 2022, Somerset home prices rebounded in the Fourth Quarter of 2022. In the First Quarter 2023, Somerset home prices softened again compared with the most recent three months. Average sale price declined 4%, while median home price declined 6%. Despite the decline in home prices, the list to sale price ratio was a very respectable 99.14%. Days on market increased to 46 but are in line with the Waxhaw area's days on market. SOMERSET HOME SALES SNAPSHOT: QUARTER 1 - 2023  To track sales in Somerset "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Somerset sales activity. Median Sale Price H...
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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 Spotlight: Quarter 1 - 2023 Hunter Oaks was already seeing a softening in home sale prices in the Third and Fourth Quarters of 2022. Home prices continued the softening trend in Quarter 1 - 2022 with the average sale price down 13% and median sale price down 15% compared with the most recent three months of sales activity in Hunter Oaks. Although home prices have softened, the list to sale price ratio was still a very respectable 97.9% with two of the five homes that sold, selling at over 100% of list price. Inventory remained tight with just five homes selling in the first quarter. Days on market increased significantly to 81 days (compared with 6 days in the fourth quarter 2022). It should be noted that ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight: Quarter 1 - 2023 Lawson had a reasonably strong showing for home sales in Quarter 1-2023. Compared with the previous three months, median home sale price increased 10%, while the average sale price increased 6%. Tight inventory put upward pressure on home prices. Average days on market increased and compared to Quarter 4-2022, they were 12 days higher. Although the list to sale price ratio decreased 7% compared with the previous three months, Lawson home sellers still realized a most respectable almost 97% of list price in final sale price. LAWSON HOME SALES SNAPSHOT: QUARTER 1 -  2023  To track sales in Lawson "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive re...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight: Quarter 1 - 2023 Median home sale price increased 21% to $820,000 in Quarter 1-2023 compared with the most recent three months. Average sale price also increased, albeit more moderately at 3%. Although the list to sale price ratio decreased in the first quarter, it was still almost 99% of list price. Inventory was tight and the number of properties sold decreased 50%.  CURETON HOME SALES SNAPSHOT: QUARTER 1 - 2023  To track sales in Cureton "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Cureton sales activity. 12-Month RollingMedian Sale Price History For Cureton Homes Why Do People Love Living In Cureton? Waxhaw's Cureton neighborhood offers the co...
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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 - 2023 Millbridge home sales softened in Quarter 1-2023 compared with the three most recent months. Both average and median home sale prices decreased, as did the list to sale price ratio.  Home sales were down 53%, but much of that is attributable to the fact that new construction has wound down considerably since 2021 as the neighborhood nears completion. The days on market also increased, but at 19 days on market, on average, homes are still selling quickly. MILLBRIDGE HOME SALES SNAPSHOT: QUARTER 1 - 2023  To track sales in Millbridge "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Millbridge sales activity. WHY IS WAXHAW'S MILLBRIDGE ONE OF GREA...
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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... 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 March 2023: Closed home sales increased 40% month-over-month after posting the lowest closed sales figures in three years in February 2023. The list to sale price ratio increased month-over-month as did the median home price. Average sale price also increased month-over-month. Average days on market decreased 21 days from February 2023, while increasing year-over-year.  WAXHAW AREA HOUSING MARKET HIGHLIGHTSMARCH 2023 WAXHAW AREA MEDIAN SALE PRICE UP IN MARCH | AVERAGE SALE PRICE FLAT Y...
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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... 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 February 2023: Both average and median home sale prices increased year-over-year and month-over-month. The list to sale price ratio held its own month-over-month, but decreased year-over-year. Average days on market increased both year-over-year and month-over-month. Closed sales in February 2023 were at the lowest level in three years. Housing inventory was down from January  2023, but up year-over-year. With the exception of December 2022, the Waxhaw area saw the lowest number of ne...
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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... 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 January 2023: Both average and median home sale prices decreased year-over-year and month-over-month. The list to sale price ratio held its own month-over-month, but decreased year-over-year. Average days on market decreased by one day from December 2022, but almost doubled compared with January 2022. Closed sales in January 2023 were at the lowest level in three years. Housing inventory was down from December 2022, but up year-over-year. With the exception of December 2022, the Waxha...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte NC Real Estate Market Report | Chatelaine - FEB 2023How is the real estate market doing in Chatelaine?The regal homes that comprise Chatelaine vary in architectural design, although all feature the European theme throughout.  Homes are all a minimum of 3,500 square feet and boast some of the finest appointments in the South Charlotte area.CHATELAINE – Gated Luxury Home Community in South Charlotte / Waxhaw AreaChatelaine offers low Union County taxes and a truly neighborly community like no other.The Chatelaine neighborhood is faring well as the Charlotte luxury real estate market remains stable in today's market.Average Sales prices in Chatelaine rose 44.4% year-over-year to $1,664,000!Chatelaine’s average price per square foot is up 32.7% year-over-year, as one of Union Coun...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Market Report Zip Code 28104 | FEB 2023Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales, with diminishing days-on-the-market and increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.  Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,044 acres and...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
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...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Quellin Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood Spotlight Home sale prices increased in Quellin throughout 2022, ending the year with a 14% increase. Average sale prices decreased 4% in Quarter 4-2022, while median sale prices increased 1%. Market shift was noticeable in the list to sale price ratio, which was almost 104% in 2022, but had dropped to 98.1% in the Fourth Quarter. Average days on market decreased both year-over-year and in the Fourth Quarter. QUELLIN HOME SALES SNAPSHOT: 2022 QUELLIN HOME SALES SNAPHOT: QUARTER 4 - 2022 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 Report and sign up to automatically receive reports on Quellin home sales.  Why Do P...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight Home sale prices "soared" in Cureton in both the Fourth Quarter 2022 and throughout 2022. For the year ended, December 31, 2022 average home sale prices increased 23%; median home sale prices increased 26%. In the Fourth Quarter 2022, average sale prices increased 41%; median home sale prices increased 58%. To the extent we saw a softening in Cureton's home sales, it was in days on market which increased year-over-year and quarter-over-quarter. In the Fourth Quarter average days on market increased from 22 to 28 days.  Cureton also saw a softening in the list to sale price ratio. For the year ended December 31, 2022, the ratio dropped 1% over the prior year. The Fourth Quarter's list to sale price ratio dropped...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
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...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 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...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight After softening somewhat in the Third Quarter of 2022, Somerset home prices rebounded in the Fourth Quarter of 2022. However, the list to sale price ratio decreased 3.89% quarter-over-quarter and days on market increased seven days quarter-over-quarter. 2022, as a whole, was a strong year for Somerset home sales, with home prices up year-over-year and the list to sale price ratio holding steady at 105.25%. While days on market increased, at 13 days, homes still sold relatively quickly throughout the year. SOMERSET HOME SALES SNAPSHOT: 2022 SOMERSET HOME SALES SNAPSHOT: QUARTER 4 - 2022  To track sales in Somerset "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive re...
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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 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...
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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 2.5% increase in average home prices and a 6.5% increase in median home prices, year-over-year.  Home sale prices also increased month-over-month. Median home prices in Weddington and Marvin, which had exceeded $1 million in the prior four months, dropped below $1 million in November, but rebounded back to over $1 million in Weddington in December.  Average days on market increased increased 10 days to 45 days year-over-year. Month-over-month, the average days on market increased 11 days.  The list to sale ratio was down year-o...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 10 Hot Selling Neighborhoods To Watch In Charlotte's Waxhaw | Weddington | Marvin Areas In 2023 Waxhaw | Weddington | Marvin areas in Union County in the Charlotte region remained hot in 2022, especially luxury home neighborhoods. 10 neighborhoods in the Waxhaw area were especially hot in 2022 and are worth watching in 2023 for continued demand.  Five neighborhoods on the 2022 list have been "hot neighborhoods" for six consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs. One neighborhood made the 2022 hot neighborhoods list for a third consecutive year -- Somerset. Weddington Chase has now made the list for a second consecutive year.  New on the list of hot Waxhaw neighborhoods in 2022 are Grove Manor, Oldenburg, and The Chimneys of Marvin. Excellent sch...
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