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Waxhaw NC Real Estate Market Report--2009

Waxhaw NC Real Estate Market Report—2009

Click here to see other Waxhaw NC real estate market reports, both updated and historical.

How did the Waxhaw NC real estate market fare in 2009 and how did it compare with 2008? 

The Waxhaw NC single family home market in 2009 declined in average price and number of homes sold, reflecting what happened to the Charlotte NC market as a whole.  Average prices were off 14% and the number of sales was off 19%.  Single family home sellers waited an average of 11% longer to sell their homes.

The townhome market in Waxhaw was stronger than the single family home market in 2009.  Average prices were only off 6% and there were 58% more sales during 2009 than in 2008.  Average days on the market were the same for both years.

Waxhaw NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Waxhaw NC for single family homes in 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Waxhaw NC

2008 Average Sales Price:  $372,503      2009 Average Sales Price:  $319,902    Year-to-Year Change:  -14%

2008 Number of Homes Sold:  254        2009 Number of Homes Sold:  205      Year-to-Year Change:  -19%

2008 Average Days on Market:  117        2009 Average Days on Market:  130      Year-to-Year Change:  +11%

Townhomes and Condominiums in Waxhaw NC

2008 Average Sales Price:  $157,134      2009 Average Sales Price:  $146,624     Year-to-Year Change:  -6%

2008 Number of Homes Sold:  12          2009 Number of Homes Sold:  19       Year-to-Year Change:  +58%

2008 Average Days on Market:  113      2009 Average Days on Market:  112     Year-to-Year Change:  no significant change

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Waxhaw NC 2009

The most active Waxhaw NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

Cureton

Anklin Forrest

Lawson

Quellin

Millbridge

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Waxhaw NC Real Estate Market Report—2009*

Posted: Saturday, January 30, 2010 4:54 PM by Carol Fox

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