September 2015 showed a respectable performance for home sales in the Waxhaw area of the Charlotte metro area (the 28173 zip code--encompassing Waxhaw, Weddington, and Marvin). The average sale price of Waxhaw area homes increased by 8.8% to just over $412,000 versus September 2014.
Median days on market for property listings dropped by 16 days to 36 days, a 30.8% improvement over the same period last year.
Price per square foot also increased by 5.5% to $116/square foot during September 2015 versus September 2014.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 10.2% in September 2015. Pending sales were also down versus September 2014 with 82 fewer homes going under contract. With new listings down almost 6% on top of an almost 11% decrease in the prior month, it's possible the lack of inventory contributed to the drop in September sales.
The average percent of original list price that sellers received for their homes was 95.7%, showing minimal negotiating room on Waxhaw area homes for a second year in a row.
The Waxhaw area's months supply of homes was down 8.5% to 4.3 months with new listings down 5.7% versus September 2014, indicating an ongoing trend of a seller's market more than a buyer's market.
Waxhaw/Weddington/Marvin Area Local Market Update - September 2015
Previous Waxhaw Area Housing Market Updates:
- August 2015: http://activerain.com/blogsview/4738380/what-s-happening-in-charlotte-s-waxhaw-area-housing-market-august-2015
July 2015: http://activerain.com/blogsview/4717107/july-2015-charlotte-housing-market-update-waxhaw-weddington-marvin
- June 2015: http://activerain.com/blogsview/4698877/june-2015-charlotte-housing-market-update-waxhaw-weddington-marvin
- May 2015: http://activerain.com/blogsview/4680997/may-2015-charlotte-housing-market-update-waxhaw-weddington-marvin
- April 2015: http://activerain.com/blogsview/4661764/april-2015-charlotte-housing-market-update-waxhaw-area
- March 2015: http://activerain.com/blogsview/4642388/march-2015-charlotte-housing-market-update-waxhaw-area
- February 2015: http://activerain.com/blogsview/4619808/february-2015-charlotte-housing-market-update-waxhaw-area
- January 2015: http://activerain.com/blogsview/4598840/january-2015-charlotte-housing-market-update---waxhaw-area
- December 2014: http://activerain.com/blogsview/4581457/december-2014-charlotte-housing-market-update---waxhaw-area
- November 2014: http://activerain.com/blogsview/4556811/november-2014-charlotte-housing-market-update---waxhaw-area