Waxhaw Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight  In 2024, Somerset home sales remained strong and steady. Average and median home sale prices rose by 15% and 17%, respectively, compared with the previous year. The price per square foot decreased by 3% to $243. The number of homes sold dropped significantly, down 20% to just 12 homes.   The list-to-sale price ratio fell 3% year-over-year to 101.2%, with Quarter 1 of 2024 being the only quarter where this ratio exceeded 100%. This shift provided Somerset homebuyers with more opportunities to negotiate on price throughout the year. Days on market decreased by 16% to an average of 21 days. It’s worth noting that one outlier sale in Quarter 1-2024 heavily influenced this metric.   The Somerset months sup... 01/19/2025

Quellin Neighborhood In Waxhaw, NCReal Estate Report For 2024 + Neighborhood Spotlight Quellin home sales remained steady year-over-year, with 11 properties sold in both 2023 and 2024. The average sale price rose by 6%, while the median sale price increased by 13% compared with the previous year. However, the average price per square foot dropped by 4% to $188. The average days on market increased to 31 days, compared with just 5 days the prior year. While this was a significant increase year-over-year, 31 days on market is still a quick sale. Meanwhile, the list-to-sale price ratio dipped slightly by 1%, landing just below 100% at 99.5%. The months supply of inventory held steady at 0.73 months, reflecting a continued home seller's market with less than one month of available inventory... 01/18/2025