Waxhaw, NC

The good news is that home sales, pending contracts, and closings are on the rise. As I said before we hope this is a light at the end of the tunnel, and I don't mean a freight train. Our Market Center has had two very good months, for both gross commissions earned and profitability.

One of the things I have become aware of is the increased building activity among homebuilders in the Waxhaw, NC and Weddington, NC areas, as well as the areas of Lancaster and York Counties just next door to Charlotte. This is going to be a key factor in getting the economy rolling again, and some relief to the unemployment numbers.

One area that you, if you are a near future buyer, should be investgating is Waxhaw NC. Waxhwaw is located at the south end of Hwy 16, due south of Charlotte. It is 6 miles south of Weddington, at Hwy 84, and just 9 miles south of the I-485 loop. Check you map for reference.

Waxhaw is an old, historic, little railroad communtity with an original landmark footbridge over the rails, in between N. Main and S. Main Streets. There are several antique shops in Waxhaw, and it is becoming home to artist and craftsmen of all sorts, and has several small festivals every year to celebrate its heritage, and put its wares on display. There is even an annual Highland Games, with a gathering of the Clans.

Some of the most attractive land positions in Union County are located around Waxhaw, featuring planned communities with wonderful amenities, and surrounded by the best schools in the State of North Carolina. I know because I live down there, and my wife is an education professional in the Union County School System.

If you are surfing the internet and you come across neighborhoods in Waxhaw, Weddington, Marvin and Wesley Chapel, take pause. You may be home. Communties like Lawson, Millbridge, Edenmoor, Skyecroft, Weddington Chase are those you will want to visit.

All of this quaint, near-country living is within 10 miles of I-485 and 15 miles of some of the most desired shopping venues in the Charlotte and Ballantyne Area. There are also several equestrian and golf communities if those activities have special appeal to your family. And because the area is growing, so are the entertainment venues, like excellent restaurants and food finds of all kinds.

You owe it to yourself to meet this area personally, and I am one of its own.

Charlotte NC

Union County Real Estate Market Report- October 1-October 31,2009

Waxhaw, NC Homes for Sale- Homes Sold

There were 51 Homes sold in Waxhaw, at an average price of $395,148, on an average 3639 sf, or an average of $108/sf at a reported average of 98 Days on Market. In 2008, there were 38 home sales, at an average of $366,874, at an average sf of3373, at not quite $109/sf. So the market is holding steady '08 to '09.

Waxhaw Homes for Sale

At the end of October there were 572 homes for sale in Waxhaw. The average monthly Waxhaw home sales is 57 (Since June) which equates to about a rought 10 month supply of homes. certainly a strong buyers market, but not grotesque!

Weddington Homes For Sale

There were 7 homes sold in Weddington, at an average price of $713,214 on 5,118 sf, or an average of $139.00/sf, at a reported average of 187 Days on market. In 2008, there were 6 Weddington homes sold, at an average of $574,221, on 3,964 square feet, or $144/sf, and a reported Days on market of 94.

There were 122 Weddington Homes for Sale as of 10/31/2009. The average monthly sales- based on monthly sales since June, is 6.6, reflecting an 18 month supply of homes- bascially a buyers dream.

What accounts for this turn around--for decades Weddington led the way, now there is a strong bias in favor of Waxhaw, why?

The main artery to Weddington is Providence Road, and the expansion is nearing completion, but for the last 3 years Weddington has been nearly inaccessible.

First Home Buyers Tax Credits Affects Union County Homes For Sale Under $200,000

In the areas of 10-1, 10-2 and 10-3- the Weddington-Waxhaw-Marvin-Wesley Chapel area, there were a total of 131 homes sold.

Assuming a "First home balance"* sales price of $230,000- , there were 58 first home buyers in 2009, or 44% of the market. This compares with 34 home sales a year earlier, suggesting a dominant role in first home buyers in 2009- the tax credits at work .

*First Home Balance" sales price is an assumption based on the reality that there is no way to determine in real time who is a first time home buyer- but we know it is some percentage of our market. The "balance" works this way: take a home sales price number and assume that the number of homes sold, that were Not first home buyers, is offset by the people Above the sales price who WERE first home buyers. So when we "balance" the price at $230,000 for statistical analysis, we aren't saying all first home buyers bought below $230,0000 but that this quantity of sales is the balanced number we will uses to compare year to year, in this geographic area.

Related Posts

South Charlotte -October Market Snapshot

Charlotte NC Homes- Bubbilicious-The Over $1M Market

Charlotte Home Prices Passed Bottom and Trending UP

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Search for Charlotte Homes- Charlotte Townhomes and Condos

If you plan on buying a new home in Marvin Creek or anywhere else in Waxhaw NC, WHY NOT get an additional 1% Cash Rebate on your Purchase?

... I'll show you how!

View Waxhaw Homes for Sale
Print Your Cash Back Coupon and SAVE $$$

The Community of Marvin Creek is located in Union County, Waxhaw NC.

Community Features:
Tennis Courts
Club House
Playground
Pool

The Real Estate Brokers printed on your REBATE Coupon will give their clients an additional 1% Cash Back. Coupons are valid in all of North and South Carolina in addition to Charlotte NC Homes for Sale.

While you are out searching for your new home and spending time in the Marvin Creek Waxhaw, NC area, you may want to visit some local area attractions like: Ann Cline's Paintings ( 6.1 mi), Red Sky Galleries ( 6.2 mi), Museum of the Alphabet ( 6.5 mi), Details Gallery ( 7.3 mi), Gina Dalma Gallery ( 7.5 mi), MFK Designs ( 8.6 mi), A Heart of the World, Fine Art Gallery ( 11.2 mi), Crystal Art Gallery ( 12.1 mi), Rice Art & Silver ( 12.2 mi), Artful Dodger ( 12.6 mi), and enjoy all that Waxhaw, NC has to offer.

If you are moving into the Waxhaw NC area, you will have a lot of Waxhaw NC homes for sale to choose.The Waxhaw NC area is a great place to live. Scores of Waxhaw NC homes for sale are on the market now. Buying a home is one of the biggest financial decisions you will ever make. What is the reason for your home purchase? Do your homework if you are buying an investment property. Renting a home out can bring additional income. Most people are looking for a home to live in.

The Charlotte area is not that big so you can get to just about anywhere in 45 minutes or less. Where you work is a prime factor in chosing a location to live. How far you live from work and how long it takes you to get there are factors to evaluate when picking a location to live. I don't think gas prices will be coming down, so make sure you factor in the cost of travel when selecting a location. Because of the good infrastructure, the Charlotte area is a hub for many businesses.

If you are moving to Waxhaw NC, you need to consider if buying is better than renting. Pride in ownership is a huge advantage over renting and impacts the property values in your neighborhood. Most communities that consist primarily of owner/occupants tend to be in high demand. The home mortgage interest deduction is the largest tax advantage that most ordinary people can get.

There are many advantages of owning a new home. With everything new, your maintenance cost should be lower compared to old homes. Because of older appliances and systems, most used homes will not come with a warranty. New appliances and systems are designed with better overall efficiency ratings which lower operational cost. Many home builders are using manufactured I-beam flooring systems which allows heavier loads and more open floor plans. When you build a home, you can choose a builder based on their performance and track record.

You're never far from great Charlotte attractions. Discovery place brings science to life with interactive exhibits, an aquarium and IMAX Dome films. Check out our newest attraction - The Nascar Hall of Fame. Sit under the stars and watch an outdoor concert at Verison Ampitheater. The climate in Charlotte make outdoor activities possible all year long. There are many parks and public access to both Lake Norman and Lake Wiley.

Making the decision to buy a house is the first step of home ownership. Don't go it alone, mistakes can be costly. Licensed real estate professionals can help you navigate through the process. Everyones financial situation is different. A skilled agent can refer you to lenders that are best qualified to help you. Navigating the home buying process can be complicated. Always get your own real estate agent. North Carolina issues real estate licenses so that buyers have trained, professionals to help them through the home buying process.

Find Waxhaw NC Homes for Sale
Print Your Cash Back Coupon and SAVE $$$

* Cash back coupons are a Buyer Agent incentive and not a promotion of the builder.
** Verify school information independently before purchasing.

Marvin Creek, Waxhaw, NC, Union Lawson, Cureton, Cureton, Prescot, Providence Grove,

Get Cash Back on Your New Home in Copper Run, WAXHAW NC

If you plan on buying a new home in Copper Run or anywhere else in Waxhaw NC, WHY NOT get an additional 1% Cash Rebate on your Purchase?

... I'll show you how!

View WAXHAW Homes for Sale
Print Your Cash Back Coupon and SAVE $$$

The Community of Copper Run is located in UNION County, WAXHAW NC.

Community Features:
Walking Trails

The Real Estate Brokers printed on your REBATE Coupon will give their clients an additional 1% Cash Back. Coupons are valid in all of North and South Carolina in addition to Charlotte Homes for Sale.

While you are out searching for your new home and spending time in the Copper Run WAXHAW, NC area, you may want to visit some local area attractions like: Ann Cline's Paintings ( 6.1 mi), Red Sky Galleries ( 6.2 mi), Museum of the Alphabet ( 6.5 mi), Details Gallery ( 7.3 mi), Gina Dalma Gallery ( 7.5 mi), MFK Designs ( 8.6 mi), A Heart of the World, Fine Art Gallery ( 11.2 mi), Crystal Art Gallery ( 12.1 mi), Rice Art & Silver ( 12.2 mi), Artful Dodger ( 12.6 mi), and enjoy all that WAXHAW, NC has to offer.

If you are relocating to Waxhaw NC, you will have a wide variety of Waxhaw NC homes for sale to check out and see.The Waxhaw NC area is a the perfect location to lay down roots. Plenty of Waxhaw NC homes for sale are on the market now. Buying a house may be the most rewarding experiences in your life. The market is picking up and a lot of people are buying homes. There are a lot of factors to consider if you are buying a house for investment purposes. Renting a home out can bring additional income. Investors make up a small fraction of the market and most people buy a home to live in.

Regardless of which area in the Charlotte market you choose to live, you can get to just about anywhere within 45 minutes. Being close to the job is a high factor in choosing an area. It is highly desireble to most people to buy a home convenient to work. With high gas prices, many people are choosing to live closer to their jobs. Compared to other metropolitain areas, the Charlotte area is easy to get around.

Owning your own home verses renting a home has lots of advantages. If you are a move-up buyer, you may consider renting your current home. Most homes are appreciating assets and gain in value in a normal market. Home owners can write- off the interest on their home mortgage which is a huge tax benefit.

There are many advantages of owning a new home. You should expect lower maintenance costs since everything is brand new. You will not find many older homes with warranties like new home have. Higher energy efficiency codes make new homes much more efficient. Many newer homes offer on average an extra 700 heated square feet compared to homes just 20 years old. Building your home affords you the opportunity to get the things you want in your house.

The Charlotte area has plenty of attractions to explore. The Mint Museum features American and pre-Columbian art and hosts national and international exhibitions. Get your groove on, and watch a concert at the Charlotte Coliseum. Your whole family will beat the heat at the Great Wolf Water Park. With a mild winter and long spring and fall, outdoor activities are available all year long. Some of the Carolina's largest lakes are right here in the Charlotte area.

For some people, buying a new home only happens once in their lives. Licensed real estate professionals can guide you through the home buying process. Most real estate agents can refer you to lenders and guide you through the lending process. Check for easements or other limitations on the property you want to purchase. Before you start looking at homes, make an appointment with a buyer's agent that can help you all the way through closing.

Find WAXHAW NC Homes for Sale
Print Your Cash Back Coupon and SAVE $$$

* Cash back coupons are a Buyer Agent incentive and not a promotion of the builder.
** Verify school information independently before purchasing.