Homes for Sale in Union County NC: Weddington, Waxhaw and Marvin, 4th Quarter 2009
Relax in Waxhaw NC
The most popular “move to” county in nearby Charlotte NC is Union county, and these close-in suburbs Weddington, Waxhaw and Marvin- also Matthews in Union county, are communities of special interest to folks relocating to the greater Charlotte area. Union County is known for its bucolic setting and comfortable lifestyle, the area is served by qualioty Union County schools and the well regarded schools at Weddington (Weddington Elementary, Weddington Middle, and Weddington High School) and the campus at Marvin Ridge, with Marvin Ridge Middle School and Marvin Ridge High School, and is a comfortable commute to south Charlotte, the airport, and Uptown Charlotte.
Waxhaw and Marvin families love the new stores at Blakeney (Super Target, Best Buy, Pet Smart to name just a few, complete list) , Weddington families love the new Target and shops at Weddington and Waxhaw-Indian Trail Road. If you want more pictures and community information follow these links, Waxhaw Homes and Communities or Weddington Homes and Communities
Homes Sold- 10/1/2009 to 12/31/2009- Zip Codes 28173, 28104
233 Homes Sold in these Union County suburbs in the 4th quarter, 2009, ranging from just under $100,ooo to 2.5M. The median home price was $336,555 and the median net cost per square foot was $104. [click to continue…]
Matthews Homes Sold- A Market Report
Matthews,one of my favorite small towns in Charlotte, is a window into much of the Charlotte market.
For this report, I divided the sales into Under $300,000, and over $300K because this is roughly where the first time home buyer is most active (under 300K) and the move up buyer has historically been above $300K… not surprisingly, the Under $300,000 market is performing significantly better.
Matthews Home Sales
Under $300,000
Matthews homes sold in the summer of 2009, the quantity of homes sold, are off 18% from 2008, and 46% from their peak in 2007. Prices peaked in 2008, and are off 7% based on the average cost per square foot sold. This compares favorably with Charlotte’s 10% falling home prices, and actually shows improving numbers for August, if you looked at the preceding 90 days.
So 110 Matthews Homes sold in the 90 days ending August 31, 2009 under $300,000, the number of sales fell 18% and the averages price per square foot fell just under 7%. There are 248 Matthews Homes for sale under $300,000 at the end of August.
Homes Sold Over $300,000
Matthews Homes sold over $300,000 fell 35% from 2008, and 54% from their peak in 2007. The average cost per square foot fell 15% to $119/sf in 2009, twice the under $300k rate and 50% worse than the Charlotte average as a whole.
It is made clear also in the inventory of re-sale homes: 57 homes were sold this past 90 day period, and there are 229 Matthews Homes for Sale at the end of August over $300,000.
There is a 12 month supply of Over $300K homes versus a 6.6month supply of under $300K. One note of caution, these represent the summer selling period, when sales are “brisk”, a more accurate absorption rate calculation would include seasonal adjustments.
It remains a strong buyers market in Matthews, however, Sellers with homes in the best condition are selling, and it is much easier to sell that under $300K home. Questions? Interested in your home’s value? Please don’t hesitate to call
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90 Days Left For $8000 First Home Buyer Tax Credits
Matthews Homes Sold Report (earlier)
