November 2014 Charlotte Housing Market Update - Waxhaw Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4sZT

November 2014 showed a solid performance for home sales in the Waxhaw area of the Charlotte metro area (28173 zip code--encompassing Waxhaw, Weddington, Marvin). The average sale price of Waxhaw area homes increased by 5.2% to just under $369,000, while days on market for property listings dropped to 83 days, a 17% improvement over the same period last year. Price per square foot also increased by 4.8% to $110/square foot during November versus the same period in 2013. There is quite a bit of new construction happening in Waxhaw and it's worth pointing out that new construction homes sold in November 2014 at an average price of just over $414,000 (a 21% increase over the same period last year).

 

Closed sales in Waxhaw increased in November 2014 by 9.3%, while pending sales increased by 4.4% (augering a good sales month for December 2014).

 

The average percent of original list price that sellers received for their homes was flat compared with last year, but at a 95.5% figure, it shows how little negotiating room there is on Waxhaw area homes.

 

The Waxhaw area's months supply of homes stands at 6 months--indicating a balanced market for buyers and sellers, but it is worth pointing out that the spate of new construction may be increasing the month's supply of homes (new construction listings were up over 7% in November). Months supply of resale homes is 5 months in Waxhaw.

 

Waxhaw Area Local Market Update - November 2014

 

Waxhaw Area November 2014 Average Sale Price

November 2014 Average Days On Market Waxhaw Homes

November 2014 Closed Sales of Homes in Waxhaw

November 2014 Months Supply Of Homes For Sale Waxhaw

November 2014 Pending Home Sales Waxhaw

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 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:
Real Estate Market Trends
Location:
North Carolina Union County Waxhaw
Groups:
City and State
Waxhaw Rocks!
Charlotte North Carolina Area
Market Reports
2014 Market Reports
Tags:
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Rainmaker
1,695,269
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Looks like the market is doing well in your area of Charlotte, NC. Thanks for sharing! Buyers and sellers should definitely call Nina Hollander for all their real estate needs! 

Dec 12, 2014 08:07 PM #1
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise... our market is indeed doing well all around the Charlotte metro area, with very few exceptions.

Dec 12, 2014 08:15 PM #2
Rainmaker
2,265,996
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. Very detailed report and easy to understand. Some nice increases, hopefully that trend continues. You are certainly the Realtor of choice.

Make it a great weekend!

Dec 12, 2014 08:15 PM #3
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning to you, Joe Petrowsky. I love knowing that you're out there each day early in the morning when I am thinking no one but me is checking things out! We've had a good trend in the Charlotte area for going on two years now and hopefully it will continue into a third year of improvement. Have a great weekend, yourself, Joe.

Dec 12, 2014 08:27 PM #4
Rainmaker
2,036,375
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

This is really great news for Waxhaw in Charlotte Nina! I will keep my fingers crossed that the market stays strong and healthy for your area and that you continue to grow your business in an abundance of success.

Dec 12, 2014 09:17 PM #5
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, Patricia Feager... Waxhaw was hot, hot, hot before the market went sideways and it took it a bit longer to recover than other parts of Charlotte. But it's on the righ track now,

Dec 12, 2014 09:20 PM #6
Rainmaker
2,309,508
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Nina: A thorough Waxhaw real estate report that consumers will appreciate. It is good to hear sales prices are going up and days-on-market is dropping...that is music to sellers ears!

Dec 12, 2014 09:35 PM #7
Rainmaker
920,467
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Good morning Nina with sales and pending sales increasing that is good new for 2015 sellers wanting you to sell their homes.

Dec 12, 2014 09:52 PM #8
Rainmaker
4,102,950
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander interesting to see good increases yet Waxhaw is a balanced market.   Hope after the first of the year it takes off again!  

Dec 12, 2014 10:24 PM #9
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox... interestingly, while statistically Waxhaw is a balanced market, it's not easy to find a home priced under $400,000 and they move quickly. So to buyers it feels like a seller's market.

Dec 12, 2014 10:30 PM #10
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob Ratliff... Waxhaw grew so rapidly before the market went "sideways" with new construction, unfortunately for home owners who bought new at the top of the market, as good as the trends are in Waxhaw right now, they are still somewhat under water and may be well into 2015.

Dec 12, 2014 10:31 PM #11
Rainmaker
3,127,347
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Anita Clark... we've got lots of music going on these days all over the Charlotte metro area!

Dec 12, 2014 10:32 PM #12
Rainmaker
1,570,174
David Saks
(retired) - Memphis, TN

Very nice post and great info. Have a great day ahead.

Dec 13, 2014 03:54 AM #13
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Rainmaker
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