The 2011 Waxhaw NC Real Estate Market--Five Facts
It's time to look at the real estate market in Waxhaw NC and to assess how home buyers and home sellers fared in 2011. 
Here are five facts about the Waxhaw marketplace in 2011.
- Nearly half of all closings in 2011 were new construction.
- The median closed price for all single family homes in 2011 was $235,000. This represents the lowest median price in the last four years and almost a 25% decline since 2008.
- The number of single family homes sold in 2011 was similar to 2008 levels.
- Distressed sales accounted for roughly 30% of 2011 closings.
- The townhome market is very small in Waxhaw. There were only six sales in one development during the year.
What do these five facts mean for Waxhaw buyers and sellers?
- Waxhaw is a very attractive place for builders who are seeing good demand for their homes.
- Buyers can find good values in new homes because new construction prices in Waxhaw are the most affordable in years.
- Resale sellers may have difficulty selling their homes in the face of all the competition from new homes and distressed sales.
Want to learn more about the real estate market in Waxhaw and see all the numbers for each of the past four years? Want to know where the most active Waxhaw neighborhoods were in 2011? Click on the link below.
Waxhaw NC Real Estate Market Report—Year 2011
Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Waxhaw NC Real Estate Market--Five Facts*
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