Waxhaw NC Real Estate Market Report--January-March 2011
Waxhaw NC Real Estate Market Report—January-March 2011
Lower-priced homes dominated the market in Waxhaw NC during the first quarter of 2011. The median sales price of $215,000 was 15.5% lower than the median price for 2010. The highest single family sales price during the first quarter was $352,500. Twenty one homes sold during this period. Only one townhome sold during the first quarter of 2011.
What do the first quarter 2011 numbers mean for Waxhaw buyers and sellers?
- Waxhaw sellers face a continued downward pressure on home pricing. First quarter buyers were looking for homes in the lower price ranges.
- Buyers for properties in Waxhaw may be able to find the best pricing and values for many years.
Single Family Homes
| Waxhaw Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 |
| Median Sales Price | $312,725 | $260,000 | $254,597 | $215,000 |
| Number of Homes Sold | 184 | 159 | 172 | 21 |
| Median Days on Market | 26 | 43 | 98 | 104 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums
| Waxhaw Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 |
| Median Sales Price | $162,897 | $151,585 | $147,835 | $140,000 |
| Number of Homes Sold | 12 | 18 | 8 | 1 |
| Median Days on Market | 35 | 4 | 110 | 178 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Waxhaw NC First Quarter 2011
The following neighborhoods had the most sales activity during the first quarter. Click on the neighborhood for more information and a list of homes for sale.
Cureton
Lawson
Prescot
Quellin
Copyright 2011. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—January-March 2011*