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Waxhaw NC Real Estate Market Report--April-June 2011

Waxhaw NC Real Estate Market Report—April-June 2011

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

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 HomesYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$312,725$260,000$254,597$215,000$246,567
Number of Homes Sold1841591722156
Median Days on Market26439810465

Source: Carolina Multiple Listing Service

Townhomes and Condominiums

Waxhaw Townhomes and CondosYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$162,897$151,585$147,835$140,000$124,200
Number of Homes Sold1218812
Median Days on Market354110178303

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.

Anklin ForrestBarrington
CuretonLawson
QuellinMillbridge

Copyright 2011. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—April-June 2011*

Posted: Friday, July 08, 2011 11:09 AM by Carol Fox

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