Waxhaw NC Real Estate Market Report--Year 2011
Waxhaw NC Real Estate Market Report—Year 2011
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.
Source: Carolina Multiple Listing Service
Copyright 2012. Carol Fox. Allen Tate Realtors. *Waxhaw
NC Real Estate Market Report—Year 2011*