Somerset (Waxhaw, NC)
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...
Comments 14
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...
Comments 13
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, ...
Comments 12
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 3 - 2021 In the 3rd Quarter 2021, 10 homes sold in the Somerset neighborhood, equal to the number of homes sold in the same quarter of the previous year. Two fewer homes sold in Quarter 3 - 2021 versus Quarter 2 - 2021. New listings were also flat year-over-year with eight new listings in each of the third quarters.  Median listing and sale prices increased compared with the Third Quarter 2020.  Average selling price was $587,981, increasing 36.87% year-over-year. The median sale price in Somerset was $568,00, increasing 34.44% year-over-year. Average home prices increased approximately $54,000 over the Second Quarter 2021; median home sale prices increased about $138,000 over the Second Quarter 2021. So...
Comments 22
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
  Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight Quarter 3 - 2020  In the 3rd Quarter of 2020, 10 homes sold in the Somerset neighborhood; two more than in the same quarter of the previous year. New listings in  the third quarter of 2020 were down by one compared with the same quarter the prior year. Median listing and sale prices increased versus the third quarter of 2019. Average listing and selling prices also increased in the 3rd quarter compared with the same time period one year ago. Average selling price was $429,600 and the median sale price in Somerset was $422,500. Average days on market were 43 days. Interestingly, 50% of the homes that sold, did so in under one week. Four of the homes that sold took 64-98 days to do so.  Somerset home sellers rec...
Comments 12
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
  Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight Quarter 1 - 2020  In the 1st Quarter of 2020, three homes sold in the Somerset neighborhood; three less than in the first quarter of the previous year. New listings in  the first quarter of 2020 were down by more than 50% compared with the same quarter the prior year. Median listing and sale prices ($375,000) were down versus the first quarter of 2019. Average listing and selling prices increased in the 1st quarter compared with the same time period one year ago. Average selling price was $407,500. Average days on market were down 13 days versus the same quarter in the previous year to 29. Somerset home sellers received 98.64% of list price in final sale price. The months supply of inventory in Somerset was ra...
Comments 8
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
  Somerset Neighborhood in Charlotte's Waxhaw AreaReal Estate Snapshot For 3rd Quarter 2019  During the 3rd Quarter of 2019, eight homes sold in the Somerset neighborhood. Median listing and sale prices increased versus the third quarter of 2019, while median days on market decreased. Although average days on market were up slightly, homes in Somerset, nonetheless, sold in about two weeks, on average. Somerset home sellers received 100% of list price in final sale price, much as they did in the first and second quarters of 2019. The months supply of inventory in Somerset was just over one month in the 3rd Quarter of 2019.      For a  detailed report about Somerset neighborhood home sales in the 3rd Quarter 2019, click here.  To track sales in Somerset "real time," click here for our Nei...
Comments 18
Waxhaw, NC Real Estate Professionals