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What Happened In Charlotte Area's Waxhaw Housing Market In Dec 2016
December 2016 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 all year long with both closed and pending sales up by double digits in December 2016, closing the year out on a high note.
 
The average sale price of Waxhaw area homes increased in December 2016 by 8.1% to just under $434,000 versus December 2015. Average sale price was also up versus November 2016.
 
Average days on market for property listings dropped by 5 days to 67 days, a 6.9% improvement over the same period last year.  Median days on market also dropped 9 days to 27, a 28.9% improvement in December 2016.
 
Average price per square foot increased by 7.6% to $127/square foot during December 2016 versus December 2015.
 
Closed sales in Waxhaw/Weddington/Marvin areas increased double digits by 16.0% in December 2016 as compared with December 2015.  Pending sales were up 17.9% versus December 2015 with a huge 83.0% increase in new construction pending sales versus a 2.3% increase in pending sales of resale homes. Clearly, new construction is 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 little negotiating room for Waxhaw area homes for ... more

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