Union County, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year and month-over-month in July 2022. Average home sale prices set a new record. Median home prices in Weddington and Marvin exceeded $1 million in July 2022. Average days on market increased year-over-year. The list to sale ratio was down year-over-year and month-over-month. While the Waxhaw area market is definitely cooling somewhat, home sellers remained in the driver's seat in July. WAXHAW AREA HOUSING MARKET HIGHLIGHTSJULY 2022 VERSUS JULY 2021  WAXHAW AREA AVERAGE HOME SALE...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Market Report Zip Code 28104 | AUG 2022Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales, with diminishing days-on-the-market and increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.  Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,044 acres and...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Quellin Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Six homes sold in Quellin during Quarter 2 - 2022, four more than in the same quarter one year ago and one less than in the First Quarter 2022. Both listing and sale prices were up year-over-year, setting new records for home prices in Quellin. Average days on market remained at two days compared with the same quarter one year ago, but decreased by three days from the First Quarter 2022. Median days on market were just two days in Quarter 2 - 2022, in Quarter 1 - 2022, and Quarter 2 -2021. Home sellers received an average 104.9% of their asking price during the Second Quarter 2022. This compares to 105.8% in the same quarter one year ago and 106.8% in the first quarter of 2022. Median list to ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Crismark Neighborhood in Greater Charlotte's Indian Trail, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 For a community with some 900 homes, the five homes listed for sale in Crismark during Quarter 2 - 2022 were a mere drop in the bucket. Just six homes sold in Crismark in the first quarter, two more than one year ago in the second quarter. CRISMARK REAL ESTATE SNAPSHOT: Q 2 - 2022  Average days on market were 11 days, two days higher than in the second quarter one year ago, but one day lower than in Quarter 1 - 2022. Median days on market were five days in the Second Quarter 2022. Average sale price of homes in Crismark in Quarter 2 - 2022 was $471,333, up  10.0% year-over-year.  The median sale price was $450,000, up 19.4% year-over-year and up by almost $30000 over ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Weddington Chase Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Five homes sold in Weddington Chase during Quarter 2 - 2022, eight fewer than in the same quarter one year ago and two more than in the First Quarter 2022. Both listing and sale prices were up significantly year-over-year in Weddington Chase. Weddington Chase Home Sales Snapshot: Quarter 2 - 2022 Average days on market increased to four days from two days compared with the same quarter one year ago, but decreased by one day from the First Quarter 2022. Median days on market were just three days in Quarter 2 - 2022. Home sellers received an average 104.5% of their asking price during the Second Quarter 2022. This compares to 106.8% in the same quarter one year ago. Median list to sale ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Prescot Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 Two homes sold in Prescot during Quarter 2 - 2022, one less than in the same quarter one year ago, but one more than in the First Quarter 2022.  Both listing and sale prices were up significantly year-over-year in Prescot.  Prescot Home Sales Snapshot: Quarter 2 - 2022 Average and median days on market increased to five days from one day compared with the same quarter one year ago. Home sellers received an average and median 103.2% of their asking price during the Second Quarter 2022. This compares to 106.1% in the same quarter one year ago. Median and average sale prices for Prescot homes increased in Quarter 2 - 2022 compared with 2021. Both metrics are at record highs for Prescot. Average a...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 2 - 2022 16 homes sold in Lawson during Quarter 2 - 2022, 13 fewer than in the same quarter one year ago, but four more than in the first quarter of 2022. New listings decreased by 12 year-over-year to 19. Both listing and sale prices were up significantly year-over-year in Lawson. Lawson Home Sales Snapshot: Quarter 2 - 2022 Average days on market decreased to 11 days from 16 days compared with the same quarter one year ago. Average days on market dropped from 28 days to 11 quarter-over-quarter. Median days on market were just three days in the second quarter.  Home sellers received an average of 106.5% of their asking price during the Second Quarter 2022. This was 2.5% higher than in the first quarter ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Somerset Neighborhood in Waxhaw, NCReal Estate Report & Community SpotlightQuarter 2 - 2022 In the Quarter 2 - 2022, 13 homes sold in the Somerset neighborhood, one more than in the same quarter of the previous year. New listings increased by one year-over-year from 12 homes to 13 homes in the Second Quarter 2022. Median listing and sale prices increased significantly compared with  Quarter 2 - 2021.  Average selling price was $662,908, increasing 24.27% year-over-year. Compared with Quarter 1 - 2022, average home sale prices were about $108,000 higher. The median sale price in Somerset was $630,000, increasing 18.87% year-over-year. Compared with Quarter 1 - 2022, median home sale prices were $90,000 higher. Median home prices set a new record in the Second Quarter. Home sales prices r...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 2 -2022 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 2 -  2022 compared with the same quarter one year ago. Average home sale price increased 25.69% to $565,525, which was also almost $14,000 higher quarter-over-quarter. Home sale prices ranged from a low of $433,000 to a high of $750,000 in Millbridge during Quarter 2 - 2022. Home sellers received 101.8% of asking price, on average in the Second Quarter 2021. Median sale prices of Millbridge homes averaged 100.0% of asking price in the Second Quarter 2021.  Median home sale price increased to $550,000 during Quarter 2 - 2022, up 26.61%. This was $39,000 higher quarter-over-qua...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Market Report Zip Code 28104 | JULY 2022Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales, with diminishing days-on-the-market and increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.  Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,044 acres an...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Hunter Oaks Neighborhood in Charlotte's Waxhaw AreaReal Estate Report & Community SpotlightQuarter 2 - 2022 10 homes sold in Hunter Oaks in Quarter 2 - 2022, eight fewer homes than sold in quarter two one year ago. Hunter Oaks had 10 fewer listings in Quarter 2 - 2022 than in the same quarter one year ago. No doubt, this contributed to the lower number of homes sold. Average home sale prices were up 28.29% compared with the second quarter in 2021. Median sale prices for Hunter Oaks homes also increased 22.49% year-over-year. Average sale price was $741,250. The median sale price was $727,000. Home sale prices ranged from a low of $565,000 to a high of $976,000 during the second quarter.  On average, sellers received 109.0% of list price in sale price during the second quarter 2022 and 1...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in May 2022...What you need to know...What it means for you... Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge in Union County, remained a home seller's market in May 2022, despite all the talk of a market correction.  It's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Average home prices increased 32.5% year-over-year, setting a new record.  Average days on market also dropped in May. Pending sales also decreased 12.4% year-over-year, while closed sales increased 7.4%. Inventory increased year-over-year 3.7% (equal to three additional homes on the market).  Indian Trail Area Housing Market HighlightsMay 2022 vs Ma...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LATEST NEWS ON THE WAXHAW |  WEDDINGTON | MARVIN HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Although we've heard lots of talk about housing markets slowing down and inventory gradually increasing to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area in May 2022, where average days on market continued to decrease, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in May 20...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in April 2022...What you need to know...What it means for you...  Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in April 2022.  It's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased 30.1% year-over-year.  Pending sales also increased 32% year-over-year, while closed sales were flat. Inventory dropped year-over-year -- 24.1% lower than one year ago in April.  Indian Trail Area Housing Market HighlightsApril 2022 vs April 2021  Average home prices increased 30.1% to $426,370 in April 2022 compared with the same month one year ago. Home prices were almost $123,000 ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin, NC real estate markets in April 2022... What you need to know...What it means for you...   While we've heard lots of talk about housing markets showing signs of slowing down and inventory gradually increasing in April to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area where average days on market continued to drop, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued significant declines in inventory, declines in pending and closed sales, declines in new lis...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Crismark Neighborhood in Greater Charlotte's Indian Trail, NCReal Estate Report & Neighborhood SpotlightQuarter 1 - 2022 For a community with some 900 homes, the seven homes listed for sale in Crismark in Quarter 1 - 2022 were a mere drop in the bucket. Just six homes sold in Crismark in the first quarter, two fewer than one year ago in the first quarter. CRISMARK REAL ESTATE SNAPSHOT: Q 1 - 2022 Average days on market were 12 days, seven days higher than in the first quarter one year ago. Median days on market were seven days in the First Quarter 2022. Average sale price of homes in Crismark in Quarter 1 -2022 was $467,857, up  35.48% year-over-year. Average sale price also increased almost $30,000 over Quarter 4 - 2021. The median sale price was $420,000, up 44.79% year-over-year and ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Trail real estate market in March 2022 and what it means for you...Home prices increased 39.5% year-over-year in the Indian Trail area in March 2022. Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in March 2022. Iit's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Pending sales also increased 15.5%  year-over-year, while closed sales were flat. Inventory dropped year-over-year -- 24% lower than one year ago in March 2021.  Indian Trail Area Housing Market HighlightsMarch 2022 vs March 2021  Average home prices increased 39.5% to $450,631 in March 2022 compared with the same month one year ago. Home prices a...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Cureton Neighborhood in Waxhaw, NC: Real Estate Report & Community SpotlightQuarter 1 - 2022 10 homes sold in Cureton during Quarter 1 - 2022, six more homes than in the same quarter one year ago. New listings were flat at 12 compared with the same quarter one year ago.  It should be pointed out that 12 listings in a community with over 500 homes, is no "real" inventory to speak of. Cureton Home Sales Snapshot: Quarter 1 - 2022 Cureton home sellers received 104.7% of asking price on average. Average days on market were 18 days in Quarter 1, 2022, compared with 11 days one year ago. Median days on market were just three, with a median list to sell ratio of 104.6%. Home prices in Cureton can range from the $400,000's to over $1 million. Average sale price in Cureton in the First Quarter 2...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Lawson Neighborhood in Waxhaw, NCReal Estate Report & Neighborhood SpotlightQuarter 1 - 2022 12 homes sold in Lawson during Quarter 1 - 2022, four more than in the same quarter one year ago. New listings increased by four year-over-year to 14. Both listing and sale prices were up significantly year-over-year in Lawson. Lawson Home Sales Snapshot: Quarter 1 - 2022 Average days on market increased to 28 days from seven days compared with the same quarter one year ago. This was not a reflection of a slowdown in Lawson sales, overall. One home took 98 days to sell and another took 28 days to sell, which skewed the days on market negatively. Taking these two homes out of the mix took the average days on market down to just one day. Median days on market were just one day. As a result, home s...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Millbridge in Waxhaw, NCHome Sales Report & Neighborhood Spotlight:Quarter 1 -2022 As the Millbridge Real Estate Snapshot below shows, both median home listing and sale prices increased significantly during Quarter 1 -  2022 compared with the same quarter one year ago. Average home sale price was $541,657, which was also almost $35,500 higher quarter-over-quarter. Home sale prices ranged from a low of $420,000 to a high of $775,000 in Millbridge during Quarter 1 - 2022. Home sellers received 102.6% of asking price, on average in the First Quarter 2021. Millbridge Home Sales Highlights: Q1 - 2022 versus Q1 - 2021 Median sale prices of Millbridge homes averaged 101.8% of asking price in the First Quarter 2021.  Median home sale price was $511,000 during Quarter 1 - 2022. This was $21,000 ...
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