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 August 2023: Closed home sales decreased in August. By the same token, closed sales in August were at their third highest level since September 2023. The list to sale price ratio still at over 100% at 100.81%. Median sale price declined from July, but was equal to the median sale price in August one year ago. Average sale price declined both year-over-year and month-over-month. Average days on market decreased to 20 days from July's 28days. August's days on market were 13 days fewer th...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 12 Hot Neighborhoods To Watch In Charlotte's Waxhaw Area (28173 Zip Code) In 2021 Charlotte metro area's Waxhaw/Weddington/Marvin areas remained hot in 2020, especially luxury homes neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2020 and are worth watching in 2021 for continued demand.  9 neighborhoods on the 2020 list were hot neighborhoods for three consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel, Longview, Greenbrier. Two neighborhoods made the 2020 hot neighborhoods list for a second consecutive year -- Somerset and Briarcrest. Two new neighborhoods are on the hot neighborhood list in Waxhaw as of 2020 --  Anklin Forrest and Cortona. Excellent schools, reasonabl...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in January and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) was very much a home seller's market in January 2021 with tight inventory (dropping 62.9% year-over-year), coupled with an 11.5% decrease in new listings year-over-year. Average days on market decreased 14 days to 49 days year-over-year.  Median days on market were 7 days in January, down 45 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high. Continued tight inventory and a months supply of homes of 1 month (a 2.1 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market. ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight 4th  Quarter 2020 19 homes sold in Lawson during the Fourth Quarter 2020, four more than in the same quarter one year ago. Lawson had four more listings for sale than in the same quarter one year ago. However, the overall lack of new listings was also reflected in the drop in average days on market, which were down 34 days to 12 days compared with the same quarter one year ago. As a result, home sellers received 100.6% of their asking price during the first quarter 2020. Median list and sale prices for Lawson homes decreased in the 4th quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the fourth quarter was $443,537; median sale price was $380,000. This drop in sale pr...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 4 - 2020 As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($372,228) increased during the 4th Quarter 2020. Average home sale prices ($391,049) also increased in the 4th Quarter 2020 compared with the same quarter one year ago. Sale prices of Millbridge homes averaged 99.5% of asking price. Median sale to list price ratio in Millbridge was 100%. 65 homes sold in quarter four, 5 fewer homes than during the same quarter last year. New listings were down with three fewer listings year-over-year. Fewer closed sales were certainly as a result of fewer listings year-over-year. Average days on market were down 42 days versus the same quarter one year ag...
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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 - 2020 20 homes sold in Cureton during the Fourth Quarter of 2020, 15 more than in the same quarter one year ago. New listings were also up compared with the same quarter one year ago -- up by 3 homes. Although, it should be pointed out that 13 new listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton home sellers received 100.7% of asking price on average. Average days on market were 16,  down considerably from 49 days in the same quarter one year ago. Home prices in Cureton can range from the lower $300,000's to the low  $800,000's. Average sale price in Cureton in the fourth quarter 2020 was $487,833. Median sale price was $414,000. In the fourth quarter, home pri...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
  Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community Spotlight Quarter 4 - 2020  In the 4th Quarter of 2020, five homes sold in the Somerset neighborhood; one less than in the same quarter of the previous year. New listings in  the fourth quarter of 2020 were down by two compared with the same quarter the prior year.  Median listing and sale prices increased versus the fourth quarter of 2019. Average listing and selling prices also increased in the 4th quarter compared with the same time period one year ago. Average selling price was $446,300 and the median sale price in Somerset was $440,000. Average days on market were 18 days. With just five homes sold, the average days on market were somewhat skewed by one home that took 55 days to sell. Taking this home out of the eq...
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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 - 2020 16 homes sold in Hunter Oaks in the 4th quarter of 2020, two more than in the same period one year ago. Average home sale prices were up compared with the 4th quarter in 2019. Median sale prices for Hunter Oaks homes also increased. Average sale price was $486,471; the median sale price was $485,000. Home sale prices ranged from a low of $248,000 to a high of $700,000. Hunter Oaks homes took 8 days to sell, on average... 27 fewer days than in the same quarter one year ago. On average, sellers received 100.6% of list price in sale price during the 4th quarter 2020 and 101.3% on a median basis. In the 4th quarter, the number of new listings increased by seven to 15 listings compar...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Latest news on the Waxhaw area (28173 zip code) real estate market in November and what it means for you...   The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 55% year-over-year) in November 2020, despite a 22.6% increase in new listings year-over-year. Average days on market decreased 35 days to 38 days year-over-year.  Median days on market were just 4 days in November, down 46 days year-over-year.  Continued tight inventory and a months supply of homes of 1.4 months (a 2.1 month's drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market.  With home sellers receiving a median 100% of list price (up 4.1% year-over-year) there was less ...
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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...
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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 3 - 2020 18 homes sold in Hunter Oaks in the 3rd quarter of 2020, one less than in the same period one year ago. Average home sale prices were up compared with the 3rd quarter in 2019. Median sale price decreased somewhat, but this is more an indicator of the price mix of homes that were listed and sold in the third quarter as opposed to any dimunition in home values in Hunter Oaks. Average sale price was $473,028; the median sale price was $460,000. Hunter Oaks homes took 43 days to sell on average. This number was skewed somewhat by one home that took over 300 days to sell. If that home is excluded from the overall sales, average days on market in the third quarter were 30 days. On av...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight 3rd Quarter 2020 25 homes sold in Lawson during the Third Quarter 2020, three fewer than the same quarter one year ago. Lawson had eight more listings for sale than in the same quarter one year ago. However, the overall lack of new listings was also reflected in the drop in average days on market, which were down 104 days to 29 days compared with the same quarter one year ago. As a result, home sellers received 100.1% of their asking price during the first quarter 2020. Median list and sale prices for Lawson homes increased in the 3rd quarter 2020 versus 2019, as did average and median listing prices. Average sale price in the third quarter was $467,869; median sale price was $473,300. At third quarter-end 2...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight  Quarter 3 - 2020 23 homes sold in Cureton during the Third Quarter of 2020, 10 more than in the same quarter one year ago. New listings were also up compared with the same quarter one year ago -- up by 7 homes. Cureton home sellers received 99.4% of asking price on average. Average days on market were higher than one year ago at 54 days, but median days on market were just 19 days. The average days on market were skewed by three sold listings that had been on market for between 210 and 278 days. While the average sale price of homes was lower in Quarter 3, 2020 compared with Quarter 3, 2019, this is less an indication of a dimunition in home values in Cureton than it is reflective of the price mix of homes so...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Sold In One Day Above Asking Price: 8309 Haveron Street In Cureton Numerous showings and multiple offers for this beautiful home in Waxhaw's Cureton neighborhood resulted in a final sale price of $554,000, $14,000 above asking price, setting a new record sales price for the Charleston section of Cureton. Wondering why? This is Southern lifestyle at its best in Waxhaw's Cureton neighborhood. Beautifully appointed, move-in ready, 3,273 square foot, 5 bedroom/3.5 bath home in the Charleston section of Cureton impressed lots of buyers looking for a home in Cureton. Virtual Tour 8309 Haveron Street. This exquisite home featured great craftsmanship, close attention to detail, and fine finishes throughout the home, as well as exceptional curb appeal of  featuring an expansive, covered rocking...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: May 2020  Latest news on how Covid-19 impacted the Waxhaw area real estate market in May 2020 and what it means for you...  The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 30.5% year-over-year).  COVID-19 restrictions impacted inventory, closed sales, new listings -- all of which were down significantly in May. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers remained high. Pending sales increased slightly. New listings decreased 12.8% year-over-year in May. No doubt a significant part of t...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: April 2020  Latest news on how Covid-19 restrictions impacted the Waxhaw area real estate market in April and what it means for you...  COVID-19 restrictions in North Carolina were in full force in April, impacting inventory, closed and pending sales, new listings, home showings -- all of which were down significantly in April. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers realized increased. The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 29.4% year-over-year). New listings decreased 31...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Lawson Neighborhood in Waxhaw, NC: Real Estate Report & Neighborhood Spotlight 1st Quarter 2020 10 homes sold in Lawson during the First Quarter 2020, one fewer than the same quarter one year ago, however there were also nine fewer homes listed for sale than one year ago. Lack of new listings was also reflected in the drop in average days on market, which were down 34 days to 62 days compared with the same quarter one year ago. As a result, home sellers received 98.47% of their asking price during the first quarter 2020. Median list and sale prices for Lawson homes decreased in the 1st quarter 2020 versus 2019, as did average and median listing prices. Because Lawson is a huge community with homes in many price points, this is less reflective of a diminution in home values in Lawson th...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 2019 Community Of The Year, Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight Quarter 1- 2020 As the Millbridge Real Estate Snapshot below shows, median home listing and sale prices ($361,622) increased during the 1st Quarter 2020. Average home sale prices ($383,899, about $20,000 higher than in the most recent quarter of 2019) also increased in the 1st quarter 2020 compared with the same quarter one year ago. Sale prices of Millbridge homes were 98.88% of asking price.  86 homes sold in quarter one, 5 more homes than during the same quarter last year. New listings were up 6.17% in the first quarter of 2020, year-over-year. Average days on market were down 18 days versus the same quarter one year ago. Median days on market dropped 32.8%.  In other words, Millbridge hom...
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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...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community Spotlight  Quarter 1 - 2020 8 homes sold in Cureton during the First Quarter of 2020, 7 more than in the same quarter one year ago. New listings were also up compared with the same quarter one year ago -- up by 8 homes. Cureton home sellers received 98.51% of asking price on average. Average days on market were also markedly lower at 54 days -- 44 days lower than one year ago. While both average and median listing and sale prices of homes were lower in Quarter 1, 2020 compared with Quarter 1, 2019, this is less an indication of a dimunition in home values in Cureton versus the price mix of homes sold in the most recent quarter. Home prices in Cureton can range from the lower $300,000's to the high $600,000's. Average sa...
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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 1 - 2020 7 homes sold in Hunter Oaks in the 1st quarter of 2020, three fewer than in the same period one year ago. Both average and median home sale prices were up compared with the 1st quarter in 2019. Average sale price was $468,143; the median sale price was $465,000. Hunter Oaks homes took 35 days to sell on average, a decrease of 43 days compared with the 1st quarter of 2019. On average, sellers received 98.81% of list price in sale price during the 1st quarter 2020. In the 1st quarter, the number of new listings were essentially flat compared with the same quarter one year ago at 11 new listings (one less than in the previous year).  At the end of the 1st quarter, two homes was li...
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