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 56+% increase in average home prices and a 31+% increase in median home prices, year-over-year.  Median home prices in Weddington and Marvin exceeded $1 million in October 2022, as they have in the prior three months. However, in both Weddington and Marvin, home sale prices were lower than in September 2022. Average days on market increased were flat and down month-over-month. The list to sale ratio was down year-over-year and month-over-month providing home buyers a window of opportunity to negotiate for the first time in qu...
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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 3 - 2022 13 homes sold in Cureton during Quarter 3 - 2022, one fewer homes than in the same quarter one year ago and three fewer than in Quarter 2 - 2022.. New listings increased by three to 12 compared with the same quarter one year ago. However, new listings were half that of the 24 we saw in the Second Quarter 2022.  Days on market increased both year-over-year and quarter-over-quarter, signaling a shift in demand for Cureton homes. A significant drop in list to sale price ratios year-over-year and quarter-over-quarter further underscored a shift in demand. Cureton Home Sales Snapshot: Quarter 3 - 2022 Cureton home sellers received 99% of asking price on average. This compares with 102.4% in the same ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 3 -2022 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased in Quarter 3 -  2022 compared with the same quarter one year ago. Average home sale price increased 14.63% to $564,414. Quarter-over-quarter average sale prices decreased minimally by about $1,100. Home sale prices ranged from a low of $420,000 to a high of $820,000 in Millbridge during Quarter 3 - 2022. Home sellers received 100.4% of asking price, on average, in the Third Quarter 2022.  This was 2.6% less than one year ago and 1.4% less than in Quarter 2 - 2022. Median sale prices of Millbridge homes averaged 100% of asking price in the Third Quarter 2021. This was 2% less than one year ago and equal t...
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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 3 - 2022 Nine homes sold in Hunter Oaks in Quarter 3 - 2022, six fewer homes than sold in quarter three one year ago and one fewer than in Quarter 2 - 2022. Hunter Oaks had 11 new home listings in the Third Quarter 2022, equaling what we saw in the same quarter one year ago, and two fewer new listings quarter-over quarter. The biggest shift in the Hunter Oaks neighborhood in the Quarter 3 - 2022 was in the average days on market and in the list to sale price rations compared with one year ago and one quarter ago. Average home sale prices were down 1.83% compared with the third quarter in 2021. Average sale price was also down compared with Quarter 2 - 2022 at $660,000. This was approximate...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 3 - 2022 17 homes sold in Lawson during Quarter 3 - 2022, equal to the 17 homes that sold in the same quarter one year ago and one more than the 16 that sold in Quarter 2 - 2022. New listings increased by two year-over-year to 20 and by one quarter-over-quarter. We saw a shift in Lawson home sales to more days on market and while home prices appreciated year-over-year, they appreciated at a much lower rate than what we've seen in the past couple of years. Quarter-over-quarter, home sale prices decreased as did the list to sale price ratios. Lawson Home Sales Snapshot: Quarter 3 - 2022 Average days on market increased to 16 days from seven days compared with the same quarter one year ago. Average days on ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Quellin Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 3 - 2022 Five homes sold in Quellin during Quarter 3 - 2022, one fewer than in the same quarter one year ago and one fewer than in the Second Quarter 2022. Home prices increased year-over-year. We did see a shift in home sales in the Third Quarter 2022 with an increase in days on market and a lower list to sale price ratio compared with one year ago and one quarter ago. Nonetheless, homes in Quellin sold quickly and at over 100% of list to sale price. QUELLIN HOME SALES SNAPSHOT: QUARTER 3 - 2022 Average days on market increased to 11 days from five days compared with the same quarter one year ago and increased from two days in the Second Quarter 2022. Median days on market increased to 12 days in Quar...
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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 3 - 2022 Seven homes sold in Weddington Chase during Quarter 3 - 2022, three more than in the same quarter one year ago and two more than in the Second Quarter 2022. Year-over-year, both average and median home sale prices increased. We saw a small shift in Weddington Chase in the Third Quarter 2022 with days on market increasing and the list to sale price decreasing. Nonetheless, homes sold quickly and the median list to sale price ratio was 100%. Weddington Chase Home Sales Snapshot: Quarter 3 - 2022 Average days on market increased to 12 days from four days compared with the same quarter one year ago and with the Second Quarter 2022. Median days on market were five days in Quarter 3 - 2022,...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 3 - 2022 In Quarter 3 - 2022, three homes sold in the Somerset neighborhood, seven fewer than in the same quarter of the previous year and 10 fewer than in Quarter 2 - 2022. . New listings decreased by three year-over-year from eight homes to five homes in the Third Quarter 2022. New listings decreased by eight from 13 in the Second Quarter 2022. Higher days on market year-over-year and quarter over quarter signaled a shift in the market, as did the lower list to sale price ratios in Quarter 3 - 2022. Median listing and sale prices increased slightly compared with  Quarter 3 - 2021, but decreased quarter-over-quarter.  Average selling price was $593,167 increasing 0.88% year-over-year. Compared with Quart...
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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 20+% increase in both average and median home prices, year-over-year.  Median home prices in Weddington and Marvin exceeded $1 million in September 2022, as they did in the prior two months. In Weddington, median home prices rose above $1.5 million. Average days on market increased slightly year-over-year and month-over-month. The list to sale ratio was down year-over-year and month-over-month, providing home buyers a window of opportunity to negotiate for the first time in many months. It's clear that the Waxhaw area market is...
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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.  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 2022. 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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