Union County, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in April 2022...What you need to know...What it means for you...  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in April 2022.  It's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased 30.1% year-over-year.  Pending sales also increased 32% year-over-year, while closed sales were flat. Inventory dropped year-over-year -- 24.1% lower than one year ago in April.  Indian Trail Area Housing Market HighlightsApril 2022 vs April 2021  Average home prices increased 30.1% to $426,370 in April 2022 compared with the same month one year ago. Home prices were almost $123,000 ...
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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)
Crismark Neighborhood in Greater Charlotte's Indian Trail, NCReal Estate Report & Neighborhood SpotlightQuarter 1 - 2022 For a community with some 900 homes, the seven homes listed for sale in Crismark in Quarter 1 - 2022 were a mere drop in the bucket. Just six homes sold in Crismark in the first quarter, two fewer than one year ago in the first quarter. CRISMARK REAL ESTATE SNAPSHOT: Q 1 - 2022 Average days on market were 12 days, seven days higher than in the first quarter one year ago. Median days on market were seven days in the First Quarter 2022. Average sale price of homes in Crismark in Quarter 1 -2022 was $467,857, up  35.48% year-over-year. Average sale price also increased almost $30,000 over Quarter 4 - 2021. The median sale price was $420,000, up 44.79% year-over-year and ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in March 2022 and what it means for you...Home prices increased 39.5% year-over-year in the Indian Trail area in March 2022. Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in March 2022. Iit's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Pending sales also increased 15.5%  year-over-year, while closed sales were flat. Inventory dropped year-over-year -- 24% lower than one year ago in March 2021.  Indian Trail Area Housing Market HighlightsMarch 2022 vs March 2021  Average home prices increased 39.5% to $450,631 in March 2022 compared with the same month one year ago. Home prices a...
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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)
 Union County, NC Housing Market Report:  Quarter 1 - 2022 Latest news on the Union County real estate market and what it means for you... First Quarter 2022 Union County, North Carolina home sales kept the county a seller's market with just 0.5 months of inventory, equal to just two weeks of inventory. Union County includes the towns of Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Monroe, Hemby Bridge, Lake Park, Wesley Chapel, Wingate, Marshville, Fairview, Unionville, Matthews, and Mineral Springs.    During the first quarter of 2022, Union County saw inventory and months supply of homes shrink significantly compared with the same time frame one year ago. The months supply of homes for sale is at its lowest level ever. Days on market also decreased significantly and are at th...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in February 2022 and what it means for you...Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in February 2022. In fact, it's been six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased almost 29% year-over-year.  Pending sales also increased significantly year-over-year, while closed sales increased, as well. Inventory dropped year-over-year -- almost 50% lower than one year ago in February.  Indian Trail Area Housing Market HighlightsFebruary 2022 vs February 2021  Average home prices increased 28.8% to $427,735 in February 2022 compared with the same month one year ago.  Median home...
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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)
Latest news on the Indian Trail real estate market in January 2022 and what it means for you...  Indian Trail Area Housing Market HighlightsJanuary 2022 vs January 2021  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in January 2022. In fact, it's been six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased 29.1% year-over-year.  Pending sales also increased year-over-year, while closed sales decreased. Inventory dropped year-over-year, as well. Average home prices increased 29.1% to $427,735 in January 2022 compared with the same month one year ago.  Median home prices increased 31% to $451,000 year-over-year. Month-over-month, media...
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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)
 10 Hot Indian Trail, NC Neighborhoods To Watch In 2022 Indian Trail in Union County remains one of Greater Charlotte region's more affordable areas for homes, with any number of communities still selling in the $300,000's. 823 homes sold in the Indian Trail/28079 zip code area in 2021 at an average price of $387,770. This compares with 822 homes sold in 2020 at an average price of $312,761. Indian Trail home sellers received 103.2% of list price in final sale price in 2021 compared with 99.5% in 2020. Homes not only sold for more, they sold more quickly -- in 13 days, on average in 2021, compared with 30 days in 2020. Five of these 10 neighborhoods have been top selling neighborhoods in Indian Trail for six consecutive years: Fieldstone Farm, Brandon Oaks, The Enclaves at Crismark, Lak...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Crismark Neighborhood in Charlotte Area's Indian TrailReal Estate Report & Neighborhood SpotlightQuarter 4 - 2021 For a community with some 900 homes, the 11 homes listed for sale in Crismark in the Fourth Quarter 2021 were a drop in the bucket. 15 homes sold in Crismark in the Fourth Quarter, five more than one year ago.  Average days on market were 10 days, three days higher than in the Fourth Quarter one year ago. Median days on market were just three days during the Fourth Quarter 2021. Average sale price of homes in Crismark in the fourth quarter was $438,031, up an astonishing 48.01% year-over-year. The median sale price was $405,500, up 39.35% year-over-year. Home prices ranged from $340,000 to a high of $625,000. Crismark homes sold at 103.9% of listing price.  Buyers had virtua...
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