Millbridge in Waxhaw NC—2010 Real Estate Market Update
Click here for an update to the 2011 real estate market in Millbridge.
Millbridge is Waxhaw’s largest development where eventually 2200 homes will be built on 920 acres. A covered bridge leads you into the development where the community center, reminiscent of a mill, has a functioning water wheel. Over 200 acres of common area in Millbridge will include greenways, parks and walking trails.
Millbridge is a work in progress with new construction accounting for most home sales. Current builders in the neighborhood include Ryan, Mattamy, Essex, Bonterra and Ryland.
How did the 2010 real estate market in Millbridge compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Thirty eight homes sold in 2010 compared with 25 in 2009.
Millbridge Real Estate Market Comparison
Activity in Millbridge picked up during 2010 compared with 2009 with approximately 50% more home sales. Over 90% of the sales were new construction. The median price and the median square footage were lower than in 2009 but the dollars per square foot were the same indicating that builders were selling in a lower price point.
Single Family Homes
| Millbridge Single Family Market Update |
Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $261,440 | 3139 | 88 | 100% |
| Year 2010 | $238,010 | 2883 | 91 | 98% |
Source: Carolina Multiple Listing Service
Millbridge Types of Closed Sales
| Millbridge Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | n/a | n/a |
| New Construction | 36 | 94% |
| Foreclosure | 1 | 3% |
| Short Sale | 1 | 3% |
Source: Carolina Multiple Listing Service
Read more about Millbridge, its community amenities, builders and public schools: Millbridge in Waxhaw NC: Homes for Sale and Neighborhood Profile
Millbridge Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Millbridge in Waxhaw NC—2010 Real Estate Market Update*
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Millbridge in Waxhaw sounds like quite a nice development. It is unusual to find a track of land that large to build that many homes on in one location.
Betty