Millbridge in Waxhaw NC--2010 Real Estate Market Update
Millbridge in Waxhaw NC—2010 Real Estate Market Update
Click here for an update to the 2011 real estate market in Millbridge.
Millbridge is Waxhaw’s
largest development where eventually 2200 homes will be built on 920 acres. A
covered bridge leads you into the development where the community center,
reminiscent of a mill, has a functioning water wheel. Over 200 acres of common
area in Millbridge will include greenways, parks and walking trails.
Millbridge is a work in progress with new construction accounting for most
home sales. Current builders in the neighborhood include Ryan, Mattamy, Essex,
Bonterra and Ryland.
How did the 2010 real estate market in Millbridge compare with the
2009 market in the neighborhood? The table below shows median values
for several characteristics of the marketplace. Thirty eight homes sold in 2010
compared with 25 in 2009.
Millbridge Real Estate Market Comparison
Activity in Millbridge picked up during 2010 compared with 2009 with
approximately 50% more home sales. Over 90% of the sales were new
construction. The median price and the median square footage were lower than in
2009 but the dollars per square foot were the same indicating that builders were
selling in a lower price point.
Single Family Homes
Millbridge
Single Family Market
Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$261,440 |
3139 |
88 |
100% |
| Year 2010 |
$238,010 |
2883 |
91 |
98% |
Source: Carolina Multiple Listing Service
Millbridge Types of Closed Sales
| Millbridge Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
n/a |
n/a |
| New Construction |
36 |
94% |
| Foreclosure |
1 |
3% |
| Short Sale |
1 |
3% |
Source: Carolina Multiple Listing Service
Read more about Millbridge, its community amenities, builders and
public schools: Millbridge
in Waxhaw NC: Homes for Sale and Neighborhood Profile
Millbridge Homes for Sale
Click
here to see Millbridge homes for sale.
Ever wonder what your Millbridge home is worth?
Click
here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Millbridge in
Waxhaw NC—2010 Real Estate Market Update*