Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington)-- included the following in October 2023: Closed home sales increased from September 2023, but declined year-over-year. The list to sale price ratio was just under 100% at 99.1%, limited the ability of homes buyers to negotiate on price. Median sale price declined from September, but increased 6.65% compared with October 2022. Average sale price declined both month-over-month and year-over-year. Average days on market decreased to … (12 comments)
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in July 2023: Closed home sales decreased in July after four consecutive months of increases. By the same token, closed sales in July were second highest in 2023. The list to sale price ratio still at over 100% at 100.06%. Median sale price increased 2.5% from June and 18.6% year-over-year. Average sale price declined 5.2% month-over-month … (22 comments)
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in June 2023: Closed home sales increased a fourth consecutive month and were at their highest level of closed sales since September 2022. The list to sale price ratio was just over 101% at 101.51%. Median sale price increased 20.6% from May and 12.2% year-over-year. Average sale price increased 22.7% from May and 19.5% year-over-year. Average … (34 comments)
Weddington Chase home sale values increased in Quarter 2-2023 year-over-year. The two homes that sold in the Second Quarter 2022 sold at 108.25% of list price and as quickly as they were listed. Limited inventory is without doubt keeping home prices high and day on market low. Just three homes sold in the first six months of 2023.
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in May 2023: Closed home sales increased for a third consecutive month and were at their highest level of closed sales since September 2022. The list to sale price ratio was just under 101% at 100.72%. Median sale price declined slightly from April 2023 (most likely due to price mix of homes for sale), but increased … (14 comments)
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in April 2023: Closed home sales were at their highest level since September 2022. The list to sale price ratio was just under 100% at 99.72%. Both average and median sale prices increased month-over-month and year-over-year. Average days on market were at their lowest since September 2022, decreasing 15 days to 26 days in April. … (28 comments)
Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington)--included the following in February 2023: Both average and median home sale prices increased year-over-year and month-over-month. The list to sale price ratio held its own month-over-month, but decreased year-over-year. Average days on market increased both year-over-year and month-over-month. Closed sales in February 2023 were at the lowest level in three years. Housing inventory was down from January 2023, … (22 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a 2.5% increase in average home prices and a 6.5% increase in median home prices, year-over-year. Home sale prices also increased month-over-month. Median home prices in Weddington and Marvin, which had exceeded $1 million in the prior four months, dropped below $1 million in November, but rebounded back to over $1 million in Weddington in December.
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a 4.8% increase in average home prices and a 3.3% decrease in median home prices, year-over-year. Median home prices in Weddington and Marvin, which had exceeded $1 million in the prior four months, dropped below $1 million in November. Clearly, the market is softening in the Waxhaw area.
Average days on market increased increased by one day to 36 days year-over-year. … (18 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a 20+% increase in both average and median home prices, year-over-year. Median home prices in Weddington and Marvin exceeded $1 million in September 2022, as they did in the prior two months. In Weddington, median home prices rose above $1.5 million. Average days on market increased slightly year-over-year and month-over-month. The list to sale ratio was down year-over-year and month-over-month, … (26 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year. Median home prices in Weddington and Marvin exceeded $1 million in August 2022, as they did in the prior month. Average days on market increased year-over-year and month-over-month. The list to sale ratio was down year-over-year and month-over-month.
It's clear that the Waxhaw area market is cooling down compared with the "feeding frenzy" … (26 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a significant increase in home prices, year-over-year and month-over-month in July 2022. Average home sale prices set a new record. Median home prices in Weddington and Marvin exceeded $1 million in July 2022. Average days on market increased year-over-year. The list to sale ratio was down year-over-year and month-over-month. While the Waxhaw area market is definitely cooling somewhat, home sellers … (22 comments)
Although we've heard lots of talk about housing markets slowing down and inventory gradually increasing to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Waxhaw area in May 2022, where average days on market continued to decrease, home prices continued to increase, inventory continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price.
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) … (30 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued significant declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in March 2022 versus March 2021. The only thing that increased were home prices, which increased 25.5% year-over-year, on average. Lack of inventory is clearly impacting sales volume and home prices in the 28173 zip code.
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued significant declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in January 2022 versus January 2021. The only thing that increased were home prices, which increased almost 33% year-over-year. Lack of inventory, which was down almost 59% in January 2022, is clearly impacting sales volume and … (18 comments)
Charlotte metro area's Waxhaw | Weddington | Marvin areas in Union County remained hot in 2021, especially luxury home neighborhoods. 12 neighborhoods in the Waxhaw area were particularly hot in 2021 with at least 20 closed sales and are worth watching in 2022 for continued demand.
7 neighborhoods on the 2021 list have been hot neighborhoods for five consecutive years now -- Millbridge, Lawson, Cureton, Hunter Oaks, Providence Downs, Providence Downs South, The Courtyards at Wesley Chapel. One neighborhood made the 2021 hot neighborhoods list for a … (12 comments)
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in December 2021 versus December 2020. The only thing that increased were home prices, which increased year-over-year and were the highest prices seen in Waxhaw history. Lack of inventory is certainly impacting sales volume and home prices in … (30 comments)
marvin nc homes for sale: Waxhaw Area Sales Down 34% Due To Lack Of Inventory In October 2021
- 11/14/21 04:42 AM
Latest news on the Waxhaw | Weddington | Marvin real estate markets in October 2021 and what it means for you... The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw continued declines in inventory, declines in pending and closed sales, declines in new listings, declines in days on market in October 2021 versus October 2020. The only increases we saw were home prices, which increased year-over-year. Lack of inventory is certainly impacting sales volume in the 28173 zip code.
Average days on market decreased 20 days (down 43.5%) … (20 comments)
Latest news on the Waxhaw | Weddington | Marvin real estate markets in June 2021 and what it means for you...
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 71.3% year-over-year) in June 2021, accompanied by a drop in new listings of 19.3%, as well. This resulted in home prices increasing 26.9% year-over-year.
Average days on market decreased 24 days to 16 days year-over-year. Average days on market also decreased by 9 days month-over-month. Median days on market were 3 days in … (28 comments)
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 extremely tight inventory (dropping 74.3% year-over-year) in March 2021, coupled with a 30.1% decrease in new listings year-over-year.
Average days on market decreased 17 days to 42 days year-over-year. Days on market also decreased 26 days versus February 2021. Median days on market were 4 days in March, down 8 days year-over-year and down 22 days month-over-month.
LATEST NEWS ON THE WAXHAW | WEDDINGTON | MARVIN HOUSING MARKET...
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