Waxhaw NC Real Estate Market Report--April-June 2011
Waxhaw NC Real Estate Market Report—April-June 2011
Historic downtown Waxhaw NC is the hub for the surrounding community of historic homes, new subdivisions and rural, large lot homesteads. The second quarter Waxhaw NC real estate market showed a dramatic improvement over the first. For single family homes, the median sales price was up 14.6%, the number of closings increased 166%, and median days on the market dropped 37.5%. With only two townhome/condominium sales during the quarter, statistics are not reliable. The median sales price of these two units with down about 16% from 2010 numbers.
What do the second quarter 2011 numbers mean for Waxhaw NC buyers and sellers?
- Sellers in Waxhaw may find the market improving as more buyers mean stabilizing prices and fewer days on market.
- Buyers for properties in Waxhaw may gain confidence from increasing prices and sales.
Single Family Homes
| Waxhaw Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $312,725 | $260,000 | $254,597 | $215,000 | $246,567 |
| Number of Homes Sold | 184 | 159 | 172 | 21 | 56 |
| Median Days on Market | 26 | 43 | 98 | 104 | 65 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums
| Waxhaw Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $162,897 | $151,585 | $147,835 | $140,000 | $124,200 |
| Number of Homes Sold | 12 | 18 | 8 | 1 | 2 |
| Median Days on Market | 35 | 4 | 110 | 178 | 303 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Waxhaw NC Second Quarter 2011
The following neighborhoods had the most sales activity during the second quarter. Click on the neighborhood for more information and a list of homes for sale.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—April-June 2011*