Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: November 2019
Latest news on the Waxhaw area real estate market and what it means for you...
Waxhaw (28173 zip code) real estate report/snapshot for November 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 20.9% year-over-year) as well as a decrease of 8.1% in new listings.
New construction inventory, which has long been a "staple" for Waxhaw area home sales plummeted 47.1% year-over-year. Resale inventory also dropped significantly (20.2%) year-over-year. Average days on market were flat year-over-year at 74 days. Median days on market dropped 3 days to 49 days in November compared with the same month one year ago.
With continued tight inventory and months supply of homes dropping to 3.1 months (from 4.2 months one year ago), the Waxhaw area remains a seller’s market. The months supply of resale homes was even lower in November at just 1.9 months, down 26.9% year-over-year.
With home sellers receiving 95.9% of list price there's some room for home buyers to negotiate, but not a lot.
Home sale prices (median [$349,027] and average [$427,324]) were down slightly in October, but this might be more a factor of the huge decrease in new construction and the price mix of homes for sale in November than any dimunition in the value of homes in the 28173 zip code. Price per square foot increased by $4/square foot to $139 in November versus the same month one year ago.
Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area home?
We can help.
Call us today at 704-779-0813 or contact us here.
There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.
MORE INFORMATION ABOUT THE WAXHAW HOUSING MARKET'S PERFORMANCE IN NOVEMBER 2019
MORE INFOMATION ABOUT THE WEDDINGTON HOUSING MARKET'S PERFORMANCE IN NOVEMBER 2019
MORE INFORMATION ABOUT THE MARVIN HOUSING MARKET'S PERFORMANCE IN NOVEMBER 2019
Waxhaw Area Housing Market Highlights:
November 2019 versus November 2018
FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE
Did You Know...
Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?
Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?
Waxaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?
... So why not check out...
THE 13 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA
SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES
FREE Home Buyer Guide: “Things To Consider When Buying A Home,”
WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?
FREE Home Seller Guide: “Things To Consider When Selling Your House,”
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
Median Home Price Trends In Waxhaw | Weddington | Marvin
This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Charlotte metro area residential real experts and Waxhaw/Weddington/Marvin area specialists. We've been opening doors for Waxhaw area home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
"The Right Broker Makes All The Difference."
Previous Waxhaw |Weddington |Marvin Housing Market Updates:
Waxhaw/Weddington/Marvin Housing Market Update: October 2019
Waxhaw/Weddington/Marvin Housing Market Update: September 2019
Waxhaw/Weddington/Marvin Housing Market Update: August 2019
Waxhaw/Weddington/Marvin Housing Market Update: July 2019
Waxhaw/Weddington/Marvin Housing Market Update: June 2019
Waxhaw/Weddington/Marvin Housing Market Update: May 2019
Waxhaw/Weddington/Marvin Housing Market Update: April 2019
Waxhaw/Weddington/Marvin Housing Market Update: March 2019
Waxhaw/Weddington/Marvin Housing Market Update: February 2019
Waxhaw/Weddington/Marvin Housing Market Update: January 2019
Waxhaw/Weddington/Marvin Housing Market Update: December 2018
Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/waxhaw-real-estate-report-november-2019/
Comments(16)