Waxhaw, NC (28173 Zip Code) Housing Market Update/Video: June 2018

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Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

Waxhaw | Weddington | Marvin Housing Market Update/Video: June 2018

 

June 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)--continued the trends we've seen all year with closed and pending sales up, days on market down, home prices increasing. New construction sales remain a driving force in the Waxhaw area market, while resale inventory struggles to hold on.

 

 

 

 

The average sale price of Waxhaw area homes was up 1.2% to just over $443,000 in June 2018 versus the same period one year ago.

 

Average days on market for property listings dropped to 63  days, a 6.0% improvement over the same period last year. Median days on market were 25 (down 7.4%).

 

Average price per square foot was $129/square foot in June 2018, up 0.8%.

 

Closed sales in Waxhaw/Weddington/Marvin areas increased 1.9% in June 2018 as compared with June 2017.  Pending sales were up 10.9% versus June 2017.

 

The median percent of original list price that sellers received for their homes was 97.3%, 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 9.6% to 4.7 months with new listings up 2.4% versus June 2017. Factoring out new construction, the month's supply of homes is only 3.2 months (down 13.5 %) versus June 2017 and new listings of resale homes were down 2.1%.

 

Average sale prices for new construction were $478,616 in June 2018. The average sale price of a new construction home was $26,380 higher than that of a resale home in June 2018. New construction remains a driving force in Waxhaw area home sales. Average price of a resale home was up 3.9% in June 2018 as compared with one year ago.

 

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WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

 

 

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Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:

 

Waxhaw/Weddington/Marvin Housing Market Update: May 2018

Waxhaw/Weddington/Marvin Housing Market Update: April 2018 

Waxhaw/Weddington/Marvin Housing Market Update: March 2018

Waxhaw/Weddington/Marvin Housing Market Update: February 2018

Waxhaw/Weddington/Marvin Housing Market Update: January 2018

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

 

   

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 residential real experts 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."

 

 

 

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, 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 - 2018 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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Tags:
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Rainmaker
4,303,466
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 

Jul 06, 2018 03:16 AM #5
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto good morning, George... for sure, we are into our fourth year of a very solid market... but low inventory levels of affordable homes can put the breaks on quickly.

Jul 06, 2018 03:26 AM #6
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. good morning, Endre...so far all okay in the Waxhaw area, but in other parts of Charlotte the lack of inventory is causing decreasing sales for several months now... which I don't see as a good thing.

Jul 06, 2018 03:27 AM #7
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal good morning, Gita. Thanks for stopping by. Wishing you a wonderful weekend to come!

Jul 06, 2018 03:27 AM #8
Rainmaker
1,850,229
Patricia Feager, MBA, CRS, GRI
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - thanks for keeping us up-to-date on the real estate news in your area. It's always good to know. Low inventory presents many challenges but I say, don't give up

Jul 06, 2018 05:11 AM #9
Rainmaker
1,413,943
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

Up, up, up. What agreat market Nina Hollander , thanks for the report.

Jul 06, 2018 06:03 AM #10
Rainmaker
2,816,131
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Very nice market report Nina Hollander , have a great Friday

Jul 06, 2018 06:24 AM #11
Rainmaker
999,733
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - I really like the Waxhaw video market update. Nice graphics and relaxing music as a background!

Jul 06, 2018 06:39 AM #12
Ambassador
1,681,190
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You know I'm a big fan of your video market updates - and the music is relaxing...as Sheri mentions. Buyers need to realize sellers are in the cat bird seat in Waxhaw. Hope you have a great Friday. 

Jul 06, 2018 07:07 AM #13
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD thank you, Debb. Amazes me still to have buyers ask how much they can negotiate on a home when they see homes selling in one day with multiple offers!

Jul 06, 2018 07:38 AM #14
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri. Just trying trying to stay up with the times (although, I personally virtually never watch videos).

Jul 06, 2018 07:39 AM #15
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk thanks, Scott. And a happy Friday and weekend to you, as well.

Jul 06, 2018 07:39 AM #16
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm hi Bob... how great a market it is depends on whom you ask. Entry level buyers are having a hard time finding a home and are increasingly frustrated.

Jul 06, 2018 07:40 AM #17
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager hi Patricia... our inventory levels are not just low now, they are critically low especially in what I would refer to as "reasonably" or "affordably" priced homes and I see buyers just giving up it's so stressful.

Jul 06, 2018 07:42 AM #18
Ambassador
2,893,778
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

The Waxhaw, Marvin and Weddington market reports really are well done and easy to understand Nina. Thank you!

Jul 06, 2018 08:55 AM #19
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... I like hearing that... it tells me that people can pick up the report and understand what's happening.

Jul 06, 2018 09:38 AM #20
Rainmaker
2,220,337
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I can always count on my cat loving, swimming pool hating friend to keep me up to date about Waxhaw!

Jul 06, 2018 10:57 AM #21
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ha, ha, ha Brian! I don't hate pools... I just am not enamored of them. Mostly indifferent.

Jul 06, 2018 11:01 AM #22
Rainmaker
3,818,389
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Waxhaw, and 63 days seems like a bit more now.

Jul 07, 2018 03:53 AM #23
Rainmaker
2,707,842
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. Actually, for Waxhaw two months of dom is not unusual... lots of new construction here and their dom are always a bit wacky and builders are not consistent at what part of the construction process they list in mls. Resale homes sell way faster. In Waxhaw, resale homes sell in about 45 days on average and median dom are just 22 days. Also, there are very rural parts of Waxhaw where resale homes sit longer on the market, as those are "niche" properties--lots of land, farmland, etc. All of my Waxhaw area listings in the past year have sold on average in about one week.

Jul 07, 2018 04:47 AM #24
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Rainmaker
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