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 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)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight2nd  Quarter 2021 28 homes sold in Lawson during the Second Quarter 2021, 13 more than in the same quarter one year ago. What contributed to this increase in Lawson home sales were 11 more listings for sale than in the same quarter one year ago.  Demand for Lawson homes was also reflected in the drop in average days on market, which were down 57 days to 17 days compared with the same quarter one year ago. As a result, home sellers received an average of 103.8% of their asking price during the second quarter 2021. Only two homes of all that sold in the second quarter received less than 100% of list price in final sale price. One home received 111.7% of list price. Median list and sale prices for Lawson homes i...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 2 - 2021 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased during the 2nd Quarter 2021 compared with the same quarter one year ago. Median home sale price was $438,070. Median sale prices of Millbridge homes averaged 100.9% of asking price in the second quarter 2021. If you look at median home sale prices for resale homes only, the sale price is much higher at $490,000 with sellers receiving 105.3% of list price in final sale price. Average home listing and sale prices also increased in the 2nd Quarter 2021 compared with the same quarter one year ago. The average sale price was $450,237, increasing 19.54% year-over-year. Average sal...
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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 2 - 2021 During the 2nd Quarter of 2021, 12 homes sold in the Somerset neighborhood; nine more than in the same quarter of the previous year. New listings were flat year-over-year with 12 new listings in each of the second quarters. Median listing and sale prices increased versus the first quarter of 2020.  Average selling price was $533,433. The median sale price in Somerset was $530,00. Average home prices increased approximately $114,000 over the first quarter 2021; median home sale prices increased about $124,000 over the first quarter 2021. Sellers received 106.8% of listing price in final sale price, on average, and 107.4% on a median basis. Average days on market were 12 days, down 4 days from th...
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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 2 - 2021 18 homes sold in Hunter Oaks in the 2nd quarter of 2021, 13 more than in the same period one year ago. There appear to be more homeowners in the Charlotte region who have decided to list their homes for sale this spring and summer to take advantage of buyer demand and the high home prices. It would appear that Hunter Oaks was no exception in this regard in the 2nd quarter of 2021.  Average home sale prices were up 17.96% compared with the 2nd quarter in 2020. Median sale prices for Hunter Oaks homes also increased 22.1% year-over-year. Average sale price was $577,814. The median sale price was $593,500 Home sale prices ranged from a low of $450,000 to a high of $750,000 during t...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw | Weddington | Marvin real estate markets in June 2021 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) continued to see tight inventory (dropping 71.3% year-over-year) in June 2021, accompanied by a drop in new listings of 19.3%, as well. This resulted in home prices increasing 26.9% year-over-year. Average days on market decreased 24 days to 16 days year-over-year. Average days on market also decreased by 9 days month-over-month. Median days on market were 3 days in June, down 14 days year-over-year and down 15 days from two years ago. Continued tight inventory and a months supply of homes of 0.7 months (a 2.3 month's drop from 3 month...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw | Weddington | Marvin real estate markets in May 2021 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) continued to see tight inventory (dropping almost 75% year-over-year) in May 2021 along with a drop in new listings, as well. The lack of inventory resulted in lackluster closed and pending sales in May 2021. Average days on market decreased 17 days to 25 days year-over-year. Median days on market were 3 days in May, down 7 days year-over-year and down 15 days from two years ago. Continued tight inventory and a months supply of homes of 0.7 months (a 2.8 month's drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in April 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) continued to see tight inventory (dropping 70.5% year-over-year) in April 2021, despite an increase in new listings of 32.6%.  The Waxhaw area's housing market has essentially bounced back after last year's pandemic lockdowns which put our housing market on pause. Average days on market decreased 15 days to 29 days year-over-year. Median days on market were 3 days in March, down 8 days year-over-year. Continued tight inventory and a months supply of homes of 0.8 months (a 2.7 month's drop from 3.5 months one year ago), kept the Waxhaw area ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw area (28173 zip code) real estate market in March 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) continued to see extremely tight inventory (dropping 74.3% year-over-year) in March 2021, coupled with a 30.1% decrease in new listings year-over-year. Average days on market decreased 17 days to 42 days year-over-year. Days on market also decreased 26 days versus February 2021. Median days on market were 4 days in March, down 8 days year-over-year and down 22 days month-over-month.  Continued tight inventory and a months supply of homes of 0.7 months (a 2.8 month's drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market....
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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 - 2021 Five homes sold in Hunter Oaks in the 1st quarter of 2021, two fewer than in the same period one year ago. Average home sale prices were up 8.5% compared with the 1st quarter in 2020. Median sale prices for Hunter Oaks homes also increased 2.58% year-over-year. Average sale price was $506,300. The median sale price was $477,000. Home sale prices ranged from a low of $445,000 to a high of $605,500 in the first three months of 2021. On average, sellers received 106.1% of list price in sale price during the 1st quarter 2021 and 101.8% on a median basis. Hunter Oaks homes took 2 days to sell, on average... 32 fewer days than in the same quarter one year ago. Median days on market we...
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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 - 2021  In the 1st Quarter of 2021, four homes sold in the Somerset neighborhood; one more than in the same quarter of the previous year. New listings in the first quarter of 2021 increased by two compared with the same quarter the prior year.  Median listing and sale prices increased versus the first quarter of 2020. Average selling price was $419,625. The median sale price in Somerset was $406,205. Sellers received 102.7% of listing price in final sale price, on average. Average days on market were 14 days, down 15 days from the same time frame one year ago. At quarter-end, no homes were listed for sale and two homes were under contract. Somerset Home Sale Snapshot: Quarter 1 - 2021     Detailed rep...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight1st  Quarter 2021 8 homes sold in Lawson during the First Quarter 2021, two fewer than in the same quarter one year ago. Lawson had eight fewer listings for sale than in the same quarter one year ago. The overall lack of new listings was also reflected in the drop in average days on market, which were down 60 days to 2 days compared with the same quarter one year ago. As a result, home sellers received 104.6% of their asking price during the first quarter 2021. Every single home sold above 100% of list price, except one. Median list and sale prices for Lawson homes increased in the 1st quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the first quarter was $459,438. Med...
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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 - 2021 4 homes sold in Cureton during the First Quarter of 2021, 4 fewer homes than in the same quarter one year ago. New listings were also down compared with the same quarter one year ago -- down 10 homes. It should be pointed out that 12 new listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton home sellers received 100.7% of asking price on average. Average days on market were 11. Median days on market were just two. Home prices in Cureton can range from the lower $300,000's to the low  $800,000's. Average sale price in Cureton in the first quarter 2021 was $542,000, considerably higher than the average sale price of $487,833 at the end of the fourth quarter 2020...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 1 - 2021 As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($393,382) increased during the 1st Quarter 2021 compared with the same quarter one year ago. Median home sale prices were also some $20,000 higher than in the most recent quarter ended December 31. 2020. Median sale prices of Millbridge homes averaged 100% of asking price in the first quarter 2021. Average home sale prices ($408,610) also increased in the 1st Quarter 2021 compared with the same quarter one year ago. Average sale prices increased some $17,000 over what they were at year end 2020. Sale prices of Millbridge homes averaged 100.8% of asking price.  69 homes sold in quarter fou...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in February and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 70.6% year-over-year) in February 2021, coupled with a 22.4% decrease in new listings year-over-year. Average days on market decreased 11 days to 68 days year-over-year.  Median days on market were 26 days in February, down 14 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high. Continued tight inventory and a months supply of homes of 0.8 months (a 2.3 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market.  With home sellers ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 12 Hot Neighborhoods To Watch In Charlotte's Waxhaw Area (28173 Zip Code) In 2021 Charlotte metro area's Waxhaw/Weddington/Marvin areas remained hot in 2020, especially luxury homes neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2020 and are worth watching in 2021 for continued demand.  9 neighborhoods on the 2020 list were hot neighborhoods for three consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel, Longview, Greenbrier. Two neighborhoods made the 2020 hot neighborhoods list for a second consecutive year -- Somerset and Briarcrest. Two new neighborhoods are on the hot neighborhood list in Waxhaw as of 2020 --  Anklin Forrest and Cortona. Excellent schools, reasonabl...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in January and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) was very much a home seller's market in January 2021 with tight inventory (dropping 62.9% year-over-year), coupled with an 11.5% decrease in new listings year-over-year. Average days on market decreased 14 days to 49 days year-over-year.  Median days on market were 7 days in January, down 45 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high. Continued tight inventory and a months supply of homes of 1 month (a 2.1 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market. ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight 4th  Quarter 2020 19 homes sold in Lawson during the Fourth Quarter 2020, four more than in the same quarter one year ago. Lawson had four more listings for sale than in the same quarter one year ago. However, the overall lack of new listings was also reflected in the drop in average days on market, which were down 34 days to 12 days compared with the same quarter one year ago. As a result, home sellers received 100.6% of their asking price during the first quarter 2020. Median list and sale prices for Lawson homes decreased in the 4th quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the fourth quarter was $443,537; median sale price was $380,000. This drop in sale pr...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 4 - 2020 As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($372,228) increased during the 4th Quarter 2020. Average home sale prices ($391,049) also increased in the 4th Quarter 2020 compared with the same quarter one year ago. Sale prices of Millbridge homes averaged 99.5% of asking price. Median sale to list price ratio in Millbridge was 100%. 65 homes sold in quarter four, 5 fewer homes than during the same quarter last year. New listings were down with three fewer listings year-over-year. Fewer closed sales were certainly as a result of fewer listings year-over-year. Average days on market were down 42 days versus the same quarter one year ag...
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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 4 - 2020 20 homes sold in Cureton during the Fourth Quarter of 2020, 15 more than in the same quarter one year ago. New listings were also up compared with the same quarter one year ago -- up by 3 homes. Although, it should be pointed out that 13 new listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton home sellers received 100.7% of asking price on average. Average days on market were 16,  down considerably from 49 days in the same quarter one year ago. Home prices in Cureton can range from the lower $300,000's to the low  $800,000's. Average sale price in Cureton in the fourth quarter 2020 was $487,833. Median sale price was $414,000. In the fourth quarter, home pri...
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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 4 - 2020  In the 4th Quarter of 2020, five homes sold in the Somerset neighborhood; one less than in the same quarter of the previous year. New listings in  the fourth quarter of 2020 were down by two compared with the same quarter the prior year.  Median listing and sale prices increased versus the fourth quarter of 2019. Average listing and selling prices also increased in the 4th quarter compared with the same time period one year ago. Average selling price was $446,300 and the median sale price in Somerset was $440,000. Average days on market were 18 days. With just five homes sold, the average days on market were somewhat skewed by one home that took 55 days to sell. Taking this home out of the eq...
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