Quellin in Waxhaw NC--2010 Real Estate Market Update
Quellin in Waxhaw NC—2010 Real Estate Market Update
Whether you are looking for a full-brick transitional home or a craftsman-style home with a big front porch, you’ll love the homes in Quellin. Quellin is a pretty neighborhood in Waxhaw NC built from 2003 to 2007. Shopping is nearby at the Cureton Town Center and quaint historic downtown Waxhaw with its farmers market, shops and community festivals is just a couple of miles away.
How did the 2010 real estate market in Quellin compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Thirteen single family homes sold in the neighborhood in 2010 compared with 14 in 2009.
Quellin Real Estate Market Comparison
Single Family Homes
Both median closed prices and median square footage dropped in 2010. This means that smaller, less expensive homes were selling in Quellin in 2010. Buyers paid about 2% less on a square footage basis in 2010 over 2009. Median days on market increased over 55% in 2010 while the list to sale ratio increased slightly to 97%.
Quellin
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $345,750 | 4078 | 67 | 95% |
| Year 2010 | $315,000 | 3405 | 104 | 97% |
Source: Carolina Multiple Listing Service
Quellin Types of Closed Sales
Almost 70% of Quellin sales in 2010 were market resales. Foreclosures and short sales accounted for the remaining 4
sales. There is no new construction in the neighborhood.
| Quellin Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 9 | 69.2% |
| New Construction | n/a | n/a |
| Foreclosure | 1 | 7.6% |
| Short Sale | 3 | 23.2% |
Source: Carolina Multiple Listing Service
Read more about Quellin, its community amenities, builders and public schools: Quellin in Waxhaw NC: Homes for Sale and Neighborhood Profile
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Quellin in Waxhaw NC—2010 Real Estate Market Update*