The average sale price of Waxhaw area homes increased last month by 9.6% to just under $414,000 versus May 2015.
Median days on market for property listings dropped by 8 days to 34 days, a 19.0% improvement over the same period last year. Average days on market also dropped by 6.7% in May 2016.
Price per square foot increased by 8.8% to $122/square foot during May 2016 versus May 2015.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 0.6% in May 2016 as … (14 comments)
The average sale price of Ballantyne area homes increased by 6.% to just over $339,000 as compared with the same period one year ago.
Median days on market for property listings dropped to 16 days from 22 days just one year ago--a 27.3% improvement over the same period last year. Average days on market also dropped by 17.4% to 38 days in May 2016.
Average price per square foot increased by 5.7% to $129/square foot in … (13 comments)
Welcome to the May 2016 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this eNewsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
The May 2016 edition also features the … (9 comments)
The second quarter of 2016 had strong start in home sales in April 2016 with home sales increasing 7.5% versus March 2016. April 2016 sales were also 3.2% higher than in April 2015. Average year-over-year sales increases stand at 4.3%.
The median price of homes increased 7.5% in April 2016 over the previous month. We've now experienced 51 consecutive months without a price drop. Of the 53 metro markets the RE/MAX report tracks, only two reported a drop in home prices on a year-over-year basis, with 16 reporting double-digit increases in terms of percentages. That's six more markets than just in the previous month.
The Charlotte region's housing market continued the strong start of the year we saw in the first quarter through April 2016, with closed and pending sales and home prices up and days on market and inventory levels down. In a market where the average sale price of a home is some $75,000 lower than average list price, it's easy to see how the extreme lack of inventory in the more affordable price ranges is impacting the affordability of Charlotte housing.
April 2016 Closed Sales: up 3.1% versus April 2015 and up 3.7% year-to-date. April 2016 Pending Sales: up 21.1% versus April 2015 and up … (26 comments)
charlotte area housing market report: RE/MAX National Housing Report ~ April 2016 (Infographic)
- 05/04/16 11:17 PM
The April 2016 National Housing Report headline from RE/MAX reads "STRONG MARCH SALES DEFY LOW INVENTORY." Lack of inventory continues to be a big issue in many major metro markets, Charlotte, North Carolina among them, where the supply of homes is under 2.8 months and down 27.8% compared with March 2015. Increasingly we don't talk about inventory, but talk about thinventory.
For home buyers this means fewer homes to choose from, less (if any) negotiating on price, fewer affordable housing options, and very often bidding wars.
For home sellers this means homes are selling faster than ever and at higher prices, but sellers … (12 comments)
The new year's strong start in home sales continued into March 2016 with home sales increasing double digits by 33.4% versus February 2016. March 2016 sales were also 3.6% higher than in March 2015. Average year-over-year sales increases stand at 4.9%.
The median price of homes increased 2.5% over the previous month. We've now experienced 50 consecutive months without a price drop. Of the 53 metro markets the RE/MAX report tracks, 37 reported higher prices on a year-over-year basis, with 10 reporting double-digit increases in terms of percentages.
The month's supply of homes for sale remained low at 3.3 months as … (12 comments)
April 2016 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region showed a solid performance continuing the trends we saw in the first quarter of 2016.
The average sale price of Fort Mill area homes increased by 3.1% to just over $292,000 compared with April 2015, while average days on market for property listings dropped by 11 days to 53 days, a 17.2% improvement over the same period last year. Price per square foot also increased by 3.6% to $115/square foot during April 2016 versus the same period in 2015.
In Tega Cay, average home sale prices were up 1.9% to just … (24 comments)
April 2016 homes sales in the Indian Land, South Carolina area of the Charlotte metro region had another excellent month. The average sale price of Indian Land area (29707 zip code area) homes increased 3.3% to just over $284,000, while average days on market for property listings dropped by 9 days to 52 days in April, a 14.8% improvement over the same period last year.
Price per square foot also increased by 3.5% to $118/square foot during April 2016 versus the same period in 2015. Buyers should no longer be looking in Indian Land for a "bargain," as the days when homes in Lancaster County versus York County … (12 comments)
The average sale price of Waxhaw area homes increased last month by 9.4% to just over $409,000 versus April 2015.
Median days on market for property listings dropped by 10 days to 33 days, a 22.2% improvement over the same period last year. Average days on market also dropped by 9.1% in April 2016.
Price per square foot increased by 8.0% to $121/square foot during April 2016 versus April 2015.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 1.1% in … (18 comments)
The average sale price of Ballantyne area homes increased by 6.6% to just under $339,000 as compared with the same period one year ago.
Median days on market for property listings dropped to 16 days from 24 days just one year ago--a 33.3% improvement over the same period last year. Average days on market also dropped by 17% to 39 days in April 2016.
Average price per square foot increased by 5.8% to $128/square foot in … (10 comments)
The Charlotte region's housing market continued its strong start of the year in March 2016, with pending sales and home prices up and days on market, inventory levels, and new listings all down. Only closed sales were down (1.4%) -- and partially due to lack of affordable homes for sale, as also evidenced by the increased average list price of home to just over $368,000. In a market where the average sale price of a home is some $120,000 lower than average list price, it's easy to see why sales are down due to the extreme lack of inventory in … (16 comments)
March 2016 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region continued their strong start of the new year.
The average sale price of Fort Mill area homes increased by 4.3% to just over $292,000 compared with March 2015, while average days on market for property listings dropped by 10 days to 54 days, a 15.6% improvement over the same period last year. Price per square foot also increased by 3.6% to $115/square foot during March 2016 versus the same period in 2015.
In Tega Cay, average home sale prices were up 3.3% to just over $317,000 versus March 2015, while days on market were down … (10 comments)
March 2016 homes sales in the Indian Land, South Carolina area of the Charlotte metro region had another excellent month. The average sale price of Indian Land area (29707 zip code area) homes increased 2.3% to just under $283,000, while average days on market for property listings dropped by 11 days to 54 days in March, a 16.9% improvement over the same period last year.
Price per square foot also increased by 2.6% to $117/square foot during March 2016 versus the same period in 2015. Buyers can no longer look in Indian Land for a "bargain," as the days when homes in Lancaster County versus York … (12 comments)
charlotte area housing market report: What Happened In Charlotte's Waxhaw Area Housing Market In March 2016?
- 03/31/16 10:58 PM
March 2016 home sales in the Waxhaw area of the Charlotte metro area (the 28173 zip code--encompassing the towns of Waxhaw, Weddington, and Marvin) continued on the strong path begun in January and February. The average sale price of Waxhaw area homes increased last month by 7.3% to just over $402,000 versus March 2015.
Median days on market for property listings dropped by 11 days to 36 days, a 23.4% improvement over the same period last year. Average days on market also dropped by 7.7% in March 2016.
Price per square foot increased by 7.2% to $119/square foot during March 2016 versus March 2015.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 6.0% in … (12 comments)
Median days on market for property listings dropped to 16 days from 27 days just one year ago--a 40.7% improvement over the same period last year. Average days on market also dropped by 20.4% in March 2016.
Average price per square foot increased by 5.0% to $127/square foot in March 2016 versus the same period in 2015. Pending sales were up 4.9% in … (20 comments)
February 2016 homes sales had another excellent performance in the Indian Land, South Carolina area of the Charlotte metro region.
The average sale price of Indian Land area (29707 zip code area) homes increased 2.7% to just over $280,000, while average days on market for property listings dropped by 11 days to 55 days, a 16.7% improvement over the same period last year. Meantime, median days on market dropped by 37.5% to 30 days in February 2016 as compared with February 2015.
Price per square foot also increased by 3.5% to $117/square foot during February versus the same period in 2015. Buyers should no longer look … (14 comments)
The Charlotte region's housing market continued its strong start of the new year in February 2016, with none of the key metrics disappointing with closed sales, pending sales, home prices all up and days on market, inventory levels, and new listings all down.
February 2016 Closed Sales: up 1.4% versus February 2015. February 2016 Pending Sales: up 22.2% versus February 2015. February 2016 Average List Price: increased 10.8% to just under $314,000 versus February 2015. February 2016 Average Sale Prices: up 4.2% to just under $231,000 versus February 2015. Median Sale Price was also up 2.2% to $182,000 as compared with February 2015. February 2016 Percent of Original List Price Received: up 1.4% to 94.9% compared with February … (20 comments)
Welcome to the February 2016 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this eNewsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
The February 2016 edition also features the following … (13 comments)
Median days on market for property listings dropped by 11 days to 37 days, a 22.9% improvement over the same period last year.
Price per square foot also increased by 7.2% to $119/square foot during February 2016 versus February 2015.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 4.2% in February 2016 as compared with February 2015. The lack of inventory priced at $300,000 and below is hurting sales … (12 comments)
May 2016 home sales in the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zipcode--encompassing the three towns of Waxhaw, Marvin and Weddington) continued on the strong path we saw since the start of 2016.
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