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Waxhaw NC Real Estate Market Report--First Quarter 2013

Waxhaw NC Real Estate Market Report—First Quarter 2013

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

How did the Waxhaw NC real estate market fare in the first quarter of 2013 and how does it compare with 2012 and previous years?

The tables below compare the Waxhaw NC real estate market from 2008 through 2012 with the first quarter of 2013. Fifty six single family homes closed in the Town of Waxhaw in the first quarter. The highest priced single family home sale was $482,000. Median days on the market were 65 days. Two townhomes sold with a median closed price of $148,500.

Single Family Homes in Waxhaw NC

At $271,000, the median closed price in the first quarter was up 0.1% over 2012 to the highest level since 2008. Days on market increased slightly to 65 days.

Single Family Homes

Waxhaw Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011 Year 2012 First Quarter 2013
Median Sales Price $312,725 $260,000 $254,597 $235,000 $270,679 $271,000
Number of Homes Sold 184 159 172 183 277 56
Median Days on Market 26 43 98 81 62 65

Source: Carolina Multiple Listing Service

Types of Closed Sales in Waxhaw NC

Distressed sales, primarily foreclosures, accounted for almost 50% of all sales in 2012. Approximately 45% were market resales with the rest new construction.

Waxhaw Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 20 35.7%
New Construction 26 46.4%
Foreclosure 7 12.5%
Short Sales 3 5.4%

Source: Carolina Multiple Listing Service

Most Active Waxhaw Neighborhoods—First Quarter 2013 

Neighborhoods with the most sales during the quarter are listed below. Click on each neighborhood for more information and to see homes for sale.

Weddington Trace Lawson
Kingston on Providence Cureton

Want to know more about real estate and living in Waxhaw NC? Visit www.CarolinaSmallTownLiving.com.

Copyright 2013. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—First Quarter 2013*


Posted: Tuesday, April 2, 2013 10:41 AM by Carol Fox

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