The Reserve in Waxhaw
The Reserve in Waxhaw
A Real Estate Market Report: The Reserve- Homes Sold, Homes for Sale
The Reserve is a popular Waxhaw community at the corner of New Town Road and Crane, just a few minutes to Rea Road to take you to Ballantyne, Uptown, or to the airport. Schools are the well regarded Sandy Ridge Elementary, and Marvin Ridge Middle and Marvin Ridge High School.
Built by Centex in 2004-2006, they feature many of the popular, open floor plans Centex is known for. Amenities include a terrific pool, playground and walking trails, and a clubhouse for parties and other community events.
Play fields around Large Oak
Large Pool at the Reserve
Playground, open space, walking trails
popular Stratford model at the Reserve
Homes Sold in the Reserve in 2009
One of the criteria I’ve been using to determine the market strength of a community is comparing the number of sales in 2009, compared to 2008? Because 2009 is post financial meltdown, and because our market was the worst in memory in 2009, the idea is if your subdivision sold in 2009 at similar levels to 2008, you are in a Blue Chip neighborhood. By this definition The Reserve is a Blue Chip.
There were 22 homes sold at the Reserve in 2009, compared with 23 in 2008, as reported in the Carolina MLS.
The median price of sold homes at the Reserve was $305,000 in 2009.
5 homes sold under $290,000 at the Reserve
6 homes sold under $312,000, but more than $290K.
4 homes sold under $360,000, but more than 312K.
5 homes sold for over $360,000, the highest being a real outlier at $450,000, $52,000 higher than the 2nd highest selling home.
Home Prices at the Reserve
The median Cost per Square foot was $100 on homes hold in 2009, representing an 11% decrease at the Reserve, the exact average for Union County. The lowest was $79/sf,a nd the highest was $115.00 3 or 4 of the lower prices were short sales or foreclosures, so of the 22, this shouldn’t affect appraisals adversely.
Homes For Sale at The Reserve
There are 8 homes for sale in The Reserve on February 1st, representing a 4 month supply of homes at this early market stage… the median Asking prices is $349,000
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Buying or Selling a Home in The Reserve? Union County? Call us- we can help you get it sold, and if youa re a buyer, we know where the Blue Chips and the deals are! 704-351-1519
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