What Happened In Charlotte Area's Waxhaw Housing Market In Nov. 2017?

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Real Estate Agent with RE/MAX Executive | Charlotte, NC
http://actvra.in/58CG

Waxhaw, North Carolina

 

November 2017 home sales in the Waxhaw area of the Charlotte, North Carolina  metro area (the 28173 zip code--encompassing the three towns of Waxhaw, Marvin and Weddington)--continued on the strong path we've seen year-to-date with home prices up, closed and pending sales up, and days on market down. New construction sales remain a driving force in the Waxhaw area market.

 

The average sale price of Waxhaw area homes increased in November 2017 by 2.4% to just over $440,000 versus November 2016. 

 

Average days on market for property listings dropped by 2 days to 65 days, a 3.0% improvement over the same period last year.  Median days on market also dropped 1 day to 27, a 3.6% improvement in November 2017.

 

Average price per square foot increased by 1.6% to $128/square foot during November 2017 versus November 2016.

 

Closed sales in Waxhaw/Weddington/Marvin areas increased 5.8% in November 2017 as compared with November 2016.  Closed sales of new construction continued to increase at a high rate -- 17.5% versus a 2.3% increase in resale homes in November 2017 compared with November 2016. Pending sales were up 9.1% versus November 2016 with a 16.5% increase in new construction pending sales versus a 6.3% increase in pending sales of resale homes. Clearly, new construction remains very much a driving force in Waxhaw area home sales.

 

The average percent of original list price that sellers received for their homes was 96.2%, showing relatively little negotiating room for Waxhaw area homes for a third year in a row. 

 

The Waxhaw area's months supply of homes was down 5.7% to 5 months with new listings up 7.5% versus November 2016. Factoring out new construction, the month's supply of homes is only 3.6 months, essentially flat versus November 2016.

 

Average sale prices for new construction were just over $486,000 in November 2017. The average sale price of a new construction home was about $41,302 higher than that of a resale home in November 2017.  Average price of a resale home was up 4.6% in November 2017 as compared with one year ago.... a testament to the shortage of resale homes for sale.

 

 

Waxhaw/Weddington/Marvin Area Local Market Update -

November 2017

 

 

 

 

 

 

 

 

 

 You might also want to check out 10 of the hottest selling neighborhoods to watch in Union County in 2017.

 

SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

 

 

 

Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:

 

Waxhaw/Weddington/Marvin Housing Market Update: October 2017

Waxhaw/Weddington/Marvin Housing Market Update September 2017

Waxhaw/Weddington/Marvin Housing Market Update: July 2017

Waxhaw/Weddington/Marvin Housing Market Update: June 2017

Waxhaw/Weddington/Marvin Housing Market Update: May 2017 

 Waxhaw/Weddington/Marvin Housing Market Update: April 2017

 Waxhaw/Weddington/Marvin Housing Market Update: March 2017

Waxhaw/Weddington/Marvin Housing Market Update: February 2017

Waxhaw/Weddingt/Marvin Housing Market Update: January 2017

Waxhaw/Weddingt/Marvin Housing Market Update: December 2016

Waxhaw/Weddingt/Marvin Housing Market Update: November 2016

Waxhaw/Weddingt/Marvin Housing Market Update: October 2016

Waxhaw/Weddingt/Marvin Housing Market Update: September 2016

 

 

 

This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants and Waxhaw area specialists. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Topic:
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Groups:
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Buyer Information - What Buyers Need to Know in Today's Market
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2017 Market Trend Reports
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Tags:
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waxhaw weddington marvin nc homes sales update november 2017

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Rainmaker
2,449,625
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Seeing your blog reminds me its the first of the month and i need to get going on my own market reports. Hope you had a good day Nina Hollander 

Dec 04, 2017 02:35 PM #1
Rainmaker
1,311,040
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander, Charlotte Waxhaw real estate market was hot in November, I suspect the trend will continue in the coming months.

Dec 04, 2017 04:09 PM #2
Ambassador
2,518,537
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

It is truly a pleasure to read your Market updates Nina Hollander. I look forward to the first part of each month so I can see how you're doing with your Market 

Dec 04, 2017 09:50 PM #3
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Scott Godzyk ~ hi Scott... I know... the first of the month sort of crept up on me, as well.

Dec 05, 2017 03:26 AM #4
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Beth Atalay ~ good morning, Beth. Right now I see nothing on our horizon that would increase listings and dampen price increases or buyer demand.

Dec 05, 2017 03:27 AM #5
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Paul S. Henderson, REALTOR®,CRS, ~ good morning, Paul. Thanks!!! Stay tuned... more reports coming this week! Meantime, wishing yo a terrific Tuesday.

Dec 05, 2017 03:27 AM #6
Rainmaker
3,223,176
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

The Waxhaw North Carolina real estate market continued to be Activity in  November 2017.

Good luck and success.

Lou Ludwig

Dec 05, 2017 08:18 PM #7
Rainmaker
3,710,251
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 06, 2017 02:40 AM #8
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lou Ludwig ~ good morning, Lou... the Waxhaw market has been very active for going on two years now. And I see nothing much slowing it down into 2018.

Dec 06, 2017 03:49 AM #9
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gita Bantwal ~ good morning, Gita... thanks for stopping by and taking time to leave a comment. Have a wonderful Wednesday.

Dec 06, 2017 03:49 AM #10
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Rainmaker
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