What Happened In Charlotte Area's Waxhaw Housing Market In Jan 2018?

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Real Estate Agent with RE/MAX Executive | Charlotte, NC

Waxhaw, North Carolina

 

January 2018 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)--began the new year on a strong note with closed and pending sales up, and days on market down. New construction sales remain a driving force in the Waxhaw area market.

 

The average sale price of Waxhaw area homes remained flat in January 2018 at just under $439,000 versus January 2017. 

 

Average days on market for property listings dropped by 3 days to 64 days, a 4.5% improvement over the same period last year. 

 

Average price per square foot increased by 0.8% to $128/square foot during January 2018 versus January 2017.

 

Closed sales in Waxhaw/Weddington/Marvin areas increased 6.1% in January 2018 as compared with January 2017.  Closed sales of new construction increased by 6.3% versus a 6.1% increase in resale homes in January 2018 compared with January 2017. Pending sales were up 8.9% versus January 2017 compared with resale homes at 6.4%. Clearly, new construction remains very much a driving force in Waxhaw area home sales.

 

The average percent of original list price that sellers received for their homes was 96.2%, showing relatively little negotiating room for Waxhaw area homes for a third year in a row. 

 

The Waxhaw area's months supply of homes was down 3.8% to 5 months with new listings up 4.4% versus January 2017. Factoring out new construction, the month's supply of homes is only 3.6 months, up 2.9% versus January 2017.

 

Average sale prices for new construction were just under $483,000 in January 2018. The average sale price of a new construction home was about $37,978 higher than that of a resale home in January 2018.  Average price of a resale home was up 3.1% in January 2018 as compared with one year ago.... a testament to the shortage of resale homes for sale. By the same token, with more inventory available, in general, home prices remained flat in January 2018.

 

 

Waxhaw/Weddington/Marvin Area Local Market Update - January 2018

 

 

 

 

 

 

 

 

 Check out 10 of the hottest selling neighborhoods to watch in Union County 

 

 

 

SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

 

 

CHECK OUT THE 8 HOTTEST SELLING NEIGHBORHOODS IN WAXHAW TO WATCH IN 2018

 

Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:

 

Waxhaw/Weddington/Marvin Housing Market Update: December 2017

Waxhaw/Weddington/Marvin Housing Market Update: Novembet 2017 

Waxhaw/Weddington/Marvin Housing Market Update: October 2017

Waxhaw/Weddington/Marvin Housing Market Update September 2017

Waxhaw/Weddington/Marvin Housing Market Update: July 2017

Waxhaw/Weddington/Marvin Housing Market Update: June 2017

Waxhaw/Weddington/Marvin Housing Market Update: May 2017 

 Waxhaw/Weddington/Marvin Housing Market Update: April 2017

 Waxhaw/Weddington/Marvin Housing Market Update: March 2017

Waxhaw/Weddington/Marvin Housing Market Update: February 2017

Waxhaw/Weddingt/Marvin Housing Market Update: January 2017

Waxhaw/Weddingt/Marvin Housing Market Update: December 2016

Waxhaw/Weddingt/Marvin Housing Market Update: November 2016

 

  

This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants and Waxhaw area specialists. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Originally posted at: https://www.greathomesincharlotte.com     https://www.greathomesincharlotte.com/waxhaw-weddington-marvin-nc-housing-market-update-video-january-2018   

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 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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Rainmaker
1,924,327
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Seems like Waxhaw has a strong market to me, of course I believe the market is always strong, people's perceptions seem to influence things way too much.

Feb 06, 2018 04:55 AM #1
Rainmaker
3,954,189
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Feb 06, 2018 05:16 AM #2
Rainmaker
2,346,797
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... the Waxhaw market is very strong... good schools, gorgeous communities... what's not to like?

Feb 06, 2018 05:23 AM #3
Rainmaker
2,346,797
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks, Gita, for the nice comment. Trust your day has gotten off to a great start!

Feb 06, 2018 05:24 AM #4
Rainmaker
2,613,500
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Another great market report Nina Hollander , hope you have a good day. 

Feb 06, 2018 06:18 AM #5
Rainmaker
2,346,797
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ thanks, Scott. Appreciate your popping by and the complimentary comment! Have a great day, yourself.

Feb 06, 2018 06:29 AM #6
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Rainmaker
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Nina Hollander

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