A record number of homes sold in the Millbridge community in Waxhaw, North Carolina in 2017 with a total of 164 homes sold and closed. 98 of these homes were new construction homes, whose average sale price was about $10,000 more per home than for a resale home.
The 164 homes sold in Millbridge in 2017 were almost twice the number of homes sold in 2016, which saw 89 home sales, 56 of which were new construction homes selling at about a $26,000 premium, on average versus resale homes.
Comparing 2017 and 2016 sales to those in 2015, it's clear that new construction in Millbridge had not yet become the factor it's been in the past two years, which resulted in a considerably lower average price per home sold. With the average year built of the homes sold in 2015 at 2012, it was also clear that homeowners who had purchased homes in Millbridge earlier in the community's development decided to take advantage of increasing demand for homes and higher home prices in Millbridge post market down-turn.
In all three of these years, the average sale price percentage to average list price remained quite steady at under 2%.
HOMES SOLD IN MILLBRIDGE IN WAXHAW, NC: 2015 - 2017
WHAT MAKES MILLBRIDGE ONE OF CHARLOTTE METRO AREA'S MOST DESIRED COMMUNITIES?
If you're considering selling your Charlotte area home, contact Nina Hollander/Carolinas Realty Partners with RE/MAX Executive. Let's get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who are ready, willing and able to buy now.
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