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... 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 April 2023: Closed home sales increased for a third consecutive month and were at  their highest level of closed sales since September 2022. The list to sale price ratio was just under 101% at 100.72%. Median sale price declined slightly from April 2023 (most likely due to price mix of homes for sale), but increased year-over-year. Average days on market were at their lowest since September 2022, decreasing 7 days to 19 days in April. Waxhaw housing inventory dropped to its lowest leve...
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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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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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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin, NC real estate markets in January 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 January 2022 versus January 2021. The only thing that increased were home prices, which increased almost 33% year-over-year. Lack of inventory, which was down almost 59% in January 2022, is clearly impacting sales volume and home prices in the 28173 zip code.  Waxhaw Area Housing Market HighlightsJanuary 2022 Versus January 2021 Average days on market in the Waxhaw area decreased 19 days (...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 12 Hot Selling Neighborhoods To Watch In Charlotte's Waxhaw | Weddington | Marvin Areas In 2022 Charlotte metro area's Waxhaw | Weddington | Marvin areas in Union County remained hot in 2021, especially luxury home neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2021 with at least 20 closed sales and are worth watching in 2022 for continued demand.  7 neighborhoods on the 2021 list have been hot neighborhoods for five consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel. One neighborhood made the 2021 hot neighborhoods list for a second consecutive year -- Somerset. New on the list of hot Waxhaw neighborhoods in 2021 are Cortona,  Weddington Chase, and Tuscany. Excellent ...
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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 4 - 2021 Six homes sold in Hunter Oaks in the 4th quarter of 2021, 10 fewer than in the same quarter one year ago. As new listings were down 81.25% year-over-year with just three homes listed in Q4-2021 versus 16 homes listed in Q4-2020, it's not surprising that the number of closed sales were also down 62.5%. Average home sale prices were up 28.81% compared with the 4th quarter in 2020. Median sale prices for Hunter Oaks homes also increased 20.1% year-over-year. Average sale price was $645,833. The median sale price was $587,000 Home sale prices ranged from a low of $525,000 to a high of $836,000 during the 4th quarter. Median sale prices reached historic highs in Hunter Oaks in the Fou...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 4 - 2021 In the 4th Quarter 2021, four homes sold in the Somerset neighborhood, one less than in the same quarter of the previous year. Six fewer homes sold in Quarter 4 - 2021 versus Quarter 3 - 2021. New listings increased by three year-over-year from three homes to six homes in the fourth quarter 2021. Median listing and sale prices increased compared with the Fourth Quarter 2020.  Average selling price was $567,413, increasing 25.95% year-over-year. The median sale price in Somerset was $575,000, increasing 26.69% year-over-year. Home sales prices ranged from a low of $480,000 to a high of $653,500 in the fourth quarter 2021. Somerset home sellers received 103.5% of listing price in final sale price, ...
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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 - 2021 Six homes sold in Cureton during the Fourth Quarter of 2021, 15 fewer homes than in the same quarter one year ago. New listings were down compared with the same quarter one year ago -- down by seven homes to just six listings. It should be pointed out that six listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton home sellers received 105.5% of asking price on average. Average days on market were 11 days in Quarter 4, 2021, down 8 days from one year ago. Median days on market were just three, with a median list to sell ratio of 104.3%. Home prices in Cureton can range from the $400,000's to over $1 million. Average sale price in Cureton in the Fourth Quarter 20...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 4 -2021 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during the 4th Quarter 2021 compared with the same quarter one year ago. Average home sale price was $506,230, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $378,118 to a high of $725,000 in Millbridge during Quarter 4 - 2021. Home sellers received 102.3% of asking price, on average in the 4th Quarter 2021.  Median sale prices of Millbridge homes averaged 100.9% of asking price in the third quarter 2021.  Median home sale price was $490,000 during Quarter 4 -2021. This was almost $19,000 higher quarter-over-quarter. Median sale prices are n...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 4 - 2021 14 homes sold in Lawson during the Fourth Quarter 2021, four fewer than in the same quarter one year ago. New listings increased by four year-over-year to 13. Demand for Lawson homes was also reflected in the drop in average days on market, which were down 5 days to 10 days compared with the same quarter one year ago. Median days on market were just 3 days. As a result, home sellers received an average of 102.4% of their asking price during the fourth quarter 2021. 13 of the 14 homes that sold in the fourth quarter received at least 100% of list price in final sale price. Median list and sale prices for Lawson homes increased in the Fourth Quarter 2021 versus 2020, as did average and median list...
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