Waxhaw NC Real Estate Market Report—July-September 2010
How did the Waxhaw NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?
Average sales prices in the Waxhaw NC real estate market rebounded during the third quarter of 2010. The single family home average sales price was up 6% over the second quarter and up 3% over the 2009 average sales price. There were no townhome or condominium sales in Waxhaw during the second quarter but the third quarter average sales price was off just 3% from the 2009 average sales price. The number of single family sales decreased about 30% from the second quarter. The increased pricing and decreased number of sales most likely reflect the end of the federal tax credit for first time home buyers and a return to move-up buyers in the marketplace.
Waxhaw NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Waxhaw NC for single family homes and townhomes in 2008 and 2009 plus the first three quarters of 2010.
Single Family Homes in Waxhaw NC
2009 Average Sales Price: $319,902 First Quarter 2010 Average Sales Price: $300,199 Second Quarter 2010 Average Sales Price: $311,741 Third Quarter 2010 Average Sales Price: $330,339
2009 Number of Homes Sold: 205 First Quarter 2010 Number of Homes Sold: 29 Second Quarter 2010 Number of Homes Sold: 88 Third Quarter 2010 Number of Homes Sold: 61
2009 Average Days on Market: 130 First Quarter 2010 Average Days on Market: 112 Second Quarter 2010 Average Days on Market: 117 Third Quarter Average Days on Market: 100
Townhomes and Condominiums in Waxhaw NC
2009 Average Sales Price: $146,524 First Quarter 2010 Average Sales Price: $102,000 Second Quarter 2010 Average Sales Price: no sales Third Quarter 2010 Average Sales Price: $141,117
2009 Number of Homes Sold: 19 First Quarter 2010 Number of Homes Sold: 1 Second Quarter 2010 Number of Homes Sold: no sales Third Quarter 2010 Number of Homes Sold: 5
2009 Average Days on Market: 112 First Quarter 2010 Average Days on Market: 50 Second Quarter 2010 Average Days on Market: no sales Third Quarter 2010 Average Days on Market: 168
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Waxhaw NC 2009
The most active Waxhaw NC neighborhoods are listed below. Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.
Copyright 2010. Carol Fox. Allen Tate Realtors. *Waxhaw NC Real Estate Market Report—July-September 2010*
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