April 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 begun in the first quarter of 2016.
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 April 2016 as compared with April 2015. The lack of inventory priced at $300,000 and below is hurting sales in the Waxhaw area. Pending sales were up 8.0% versus April 2015.
The average percent of original list price that sellers received for their homes was 95.5%, showing minimal negotiating room for Waxhaw area homes for a second year in a row.
The Waxhaw area's months supply of homes was down 5.2% to 5.5 months with new listings up 1.6% versus April 2015.
Waxhaw/Weddington/Marvin Area Local Market Update -
April 2016
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Previous Waxhaw Area Housing Market Updates:
- March 2016: http://activerain.com/blogsview/4860238/what-happened-in-charlotte-s-waxhaw-area-housing-market-in-march-2016-
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February 2016: http://activerain.com/blogsview/4844586/what-happened-in-charlotte-s-waxhaw-area-housing-market-in-feb-2016-
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January 2016: http://activerain.com/blogsview/4825220/what-happened-in-charlotte-area-s-waxhaw-housing-market-in-jan-2016-
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December 2015: http://activerain.com/blogsview/4808366/what-happened-in-charlotte-area-s-waxhaw-housing-market-in-dec-2015-
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November 2015: http://activerain.com/blogsview/4791645/what-happened-in-charlotte-area-s-waxhaw-housing-market-in-nov-2015-
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October 2015: http://activerain.com/blogsview/4775576/what-happened-in-charlotte-area-s-waxhaw-housing-market
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September 2015: http://activerain.com/blogsview/4757319/what-happened-in-charlotte-area-s-waxhaw-housing-market-in-sept-2015-
- August 2015: http://activerain.com/blogsview/4738380/what-s-happening-in-charlotte-s-waxhaw-area-housing-market-august-2015
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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
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April 2015: http://activerain.com/blogsview/4661764/april-2015-charlotte-housing-market-update-waxhaw-area
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