Welcome to Carolinas Real Estate Talk Sign in | Help

Carolinas Real Estate Talk

Presenting Information about Real Estate and Living in the Small Towns of the Carolinas

Tags

CarolinaSmallTownLiving!

Waxhaw NC Real Estate Market Report--Year 2011

Waxhaw NC Real Estate Market Report—Year 2011

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

How did the Waxhaw NC real estate market fare during 2011 and how did 2011 market activity compare with the previous three years?

The tables below compare the Waxhaw NC real estate market for years 2008 through 2011. 183 single family homes and 6 townhomes closed in Waxhaw in 2011. The highest priced single family home sale was $2,400,000. The highest priced townhome sale was $151,500. Median days on the market decreased to 81 for single family homes and increased to 303 for townhomes.

Single Family Homes in Waxhaw NC

The median sales price declined 7.6% in 2011 to $235,000. This median price represents a 24.8% drop since 2008. New construction represented approximately 44% of all 2011 sales in Waxhaw. The dramatic change in prices reflects the new lower price points under construction by builders compared with 2008. The number of single family homes sold in 2011 increased slightly from 2010 and is similar to the number of sales in 2008. Median days on market dropped 17.3% in 2011.

Waxhaw Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $312,725 $260,000 $254,597 $235,000
Number of Homes Sold 184 159 172 183
Median Days on Market 26 43 98 81

Source: Carolina Multiple Listing Service

Townhomes and Condominiums in Waxhaw NC

Only one development in Waxhaw had townhome sales in 2011. Most of those were new construction. The median sales price dropped 15.9% in 2011 probably due to the builder closing out the development.

Townhomes and Condominiums

Waxhaw Townhomes and Condos Year 2008 Year 2009 Year 2010 Year 2011
Median Sales Price $162,897 $151,585 $147,835 $124,200
Number of Homes Sold 12 18 8 6
Median Days on Market 35 4 110 303

Source: Carolina Multiple Listing Service

Types of Closed Sales in Waxhaw NC

Nearly half of all Waxhaw sales in 2011 were new construction. Distressed sales accounted for almost 30% of the remaining sales.

Waxhaw Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 49 25.9%
New Construction 84 44.4%
Foreclosure 37 19.5%
Short Sales 18 10.2%

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Waxhaw NC

The most active Waxhaw NC neighborhoods in 2011 are listed below. Click on the links to see homes for sale and more information about the neighborhood.

Lawson Millbridge Prescot
Quellin The Oaks on Providence Barrington
Camberly Anklin Forrest Cureton

Source: Carolina Multiple Listing Service

Copyright 2012. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—Year 2011*


Posted: Friday, January 6, 2012 5:17 PM by Carol Fox

Comments

New Comments to this post are disabled