Waxhaw NC Real Estate Market Report--Year 2010
Waxhaw NC Real Estate Market Report—Year 2010
How did the Waxhaw NC real estate market fare during 2010 and how did 2010 market activity compare with 2009 and 2008?
The tables below compare the Waxhaw NC real estate market for years 2008 through 2010. 172 single family homes and 8 townhomes closed in Stallings in 2010. The highest priced single family home sale was $625,000. The highest priced townhome sale was $155,915. Median days on the market jumped for both single family homes and townhomes. The increase in townhome median days reflected the fact that more new construction closed in 2009 than in 2010. New construction sales are often reported with just a few days on market. The median list to sale ratio in 2010 was 97% for single family homes and 95% for townhomes.
Single Family Homes in Waxhaw NC
The median sales price in Waxhaw was down 2% from 2009 and 18.5% from 2008. Much of the real estate market in Waxhaw consists of new construction. The median closed price in 2008 reflects the pricing of new construction before the recession. By 2010, prices on new construction had reset to lower numbers causing the large median price drop from 2008. The number of homes sold increased 8.1% from 2009 to 2010, bringing 2010 numbers close to 2008 numbers. Median days on the market were up 128% from 2009.
| Waxhaw Single Family Homes | Year 2008 | Year 2009 | Year 2010 |
| Median Sales Price | $312,725 | $260,000 | $254,597 |
| Number of Homes Sold | 184 | 159 | 172 |
| Median Days on Market | 26 | 43 | 98 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums in Waxhaw NC
The number of townhomes sold in Waxhaw during 2010 decreased 55% from 2009. The median sales price in 2010 was off 2.4% from 2009. Median days on the market increased in 2010.
| Waxhaw Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 |
| Median Sales Price | $162,897 | $151,585 | $147,835 |
| Number of Homes Sold | 12 | 18 | 8 |
| Median Days on Market | 35 | 4 | 110 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Waxhaw NC
The most active Waxhaw NC neighborhoods in 2010 are listed below. Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 and 2010 real estate activity and to search for current homes for sale.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—Year 2010*