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Waxhaw NC Real Estate Market Report--January-March 2011

Waxhaw NC Real Estate Market Report—January-March 2011

Lower-priced homes dominated the market in Waxhaw NC during the first quarter of 2011.  The median sales price of $215,000 was 15.5% lower than the median price for 2010.  Waxhaw NCThe highest single family sales price during the first quarter was $352,500.  Twenty one homes sold during this period.  Only one townhome sold during the first quarter of 2011.

What do the first quarter 2011 numbers mean for Waxhaw buyers and sellers?

  • Waxhaw sellers face a continued downward pressure on home pricing.  First quarter buyers were looking for homes in the lower price ranges. 
  • Buyers for properties in Waxhaw may be able to find the best pricing and values for many years.

Single Family Homes

Waxhaw Single Family Homes Year 2008 Year 2009 Year 2010 Quarter 1  Year 2011
Median Sales Price $312,725 $260,000 $254,597 $215,000
Number of Homes Sold 184 159 172 21
Median Days on Market 26 43 98 104

Source: Carolina Multiple Listing Service

Townhomes and Condominiums

Waxhaw Townhomes and Condos Year 2008 Year 2009 Year 2010 Quarter 1  Year 2011
Median Sales Price $162,897 $151,585 $147,835 $140,000
Number of Homes Sold 12 18 8 1
Median Days on Market 35 4 110 178

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Waxhaw NC  First Quarter 2011

The following neighborhoods had the most sales activity during the first quarter.  Click on the neighborhood for more information and a list of homes for sale.

Cureton

Lawson

Prescot

Quellin

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Waxhaw NC Real Estate Market Report—January-March 2011*


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