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Waxhaw NC Real Estate Market Report--Year 2015 First Half

Waxhaw NC Real Estate Market Report—Year 2015 First Half 

How did the Waxhaw NC real estate market fare in 2015 and how does it compare with previous years?  The tables below compare the Waxhaw NC real estate market from 2008 through the first half of 2015.  The results of the tables are explained in the frequently asked questions that follow.   Click here to see all Waxhaw NC homes for sale.

 

How many homes sold in Waxhaw in  the first half of 2015?

The 2015 market has been strong  with 148 single family closings. 

Were home prices up or down in 2015?

The median closed price rose to $325,365.  This was an 4.9% increase over 2014.  The 2015 median closed price was higher than any year since 2007.

How long were Waxhaw homes on the market in 2015?

Homes are selling slightly quicker in 2015.   Median days on market are 74 days.

What was the Waxhaw condominium and townhome market like in 2015?

Ten townhomes sold at a median sales price of $168,500.

Were distressed sales a big factor in the 2015 market?

Distressed sales continued their downward trend representing less than 5% of the marketplace.

Were there many new homes built in Waxhaw in 2015?

New home construction is significant at 31% of all sales.

Which neighborhoods had the most sales in 2015?

The top selling neighborhoods were The Oaks on Providence, Quellin,  Millbridge, Lawson, Kingston on Providence, and Cureton.

Single Family Homes in Waxhaw NC

Waxhaw Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011 Year 2012 Year
2013
Year 2014 Year 2015 First Half
Median Sales Price $312,725 $260,000 $254,597 $235,000 $270,679 $261,000 $310,000 $325,365
Number of Homes Sold 184 159 172 183 277 321 393 148
Median Days on Market 26 43 98 81 62 61 78 74

Source: Carolina Multiple Listing Service

Types of Closed Sales in Waxhaw NC

Waxhaw NC Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 94 63.5%
New Construction 47 31.7%
Foreclosure 5 3.3%
Short Sales 2 1.5%

Source: Carolina Multiple Listing Service

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

Search for homes in Waxhaw NC by clicking the links below. Search results may include properties outside the Town of Waxhaw.

$100,000-$300,000

$300,000-$500,000

$500,000-$750,000

$750,000+

Want to know more about real estate and living in Waxhaw NC?  Visit Carolina Small Town Living.

Copyright 2015.  Carol Fox.  Waxhaw NC Real Estate Agent.  Allen Tate Realtors.  *Waxhaw NC Real Estate Market Report—Year 2015 First Half*

Posted: Tuesday, July 28, 2015 12:38 PM by Carol Fox

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