Waxhaw's Millbridge Home Sale Prices Up 20+% In 2022
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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