Waxhaw, NC (28173 Zip Code) Housing Market Update And Video: July 2018

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

 

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

 

July 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 homes selling more quickly, home prices increasing, and inventory decreasing. 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 2.1% to just over $449,000 in July 2018 versus the same period one year ago.

 

Average days on market for property listings dropped to 61 days, a 9.0% improvement over the same period last year. Median days on market were 25 (down 10.7%).

 

Average price per square foot was $130/square foot in July 2018, up 1.6%. (New construction is averaging $134/square foot, about $6 more per square foot than resale homes.)

 

Closed sales in Waxhaw/Weddington/Marvin areas decreased 0.7% in July 2018 as compared with July 2017.  Pending sales were up 7.4% versus July 2017.

 

The median percent of original list price that sellers received for their homes was 97.2%, 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 11.5% to 4.6 months with new listings down 0.1% versus July 2017. Factoring out new construction, the month's supply of homes is only 3.1 months (down 16.2 %) versus July 2017. New listings of resale homes were down 4.4% and down 7.7% for "affordable" homes priced under $315,000.

 

Average sale prices for new construction were $479,391 in July 2018. The average sale price of a new construction home was $22,995 higher than that of a resale home in July 2018. New construction remains a driving force in Waxhaw area home sales. Average price of a resale home was up 3.8% in July 2018 as compared with one year ago.

 

  SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

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: June 2018

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

 

   

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

 

If you're 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 published at: https://greathomesincharlotte.com/housing-market-reports-updates/waxhaw-july-2018-housing-market-update/ 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 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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waxhaw nc housing market update and video
waxhaw nc housing market update july 2018

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Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel Thanks much, Alexandra. I like to think of it as "one stop shopping." People can get as much or as little from the reports as they want.

Aug 08, 2018 02:41 PM #5
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hannah Williams hi Hannah... thank you. Everyone says videos are the bomb... not sure yet whether they make any difference.

Aug 08, 2018 02:42 PM #6
Rainmaker
3,559,015
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Nina Hollander,

Wow..You have a great handle on the Washaw, North Carolina real estate market and are the agent to call whether listing or selling in Washaw NC. Great video!

Aug 08, 2018 04:52 PM #7
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard thanks, Dorie. I was selling in Waxhaw before it became chic and expensive... so I like to think there isn't much I don't know about the neighorhoods in the Waxhaw area.

Aug 09, 2018 03:59 AM #8
Rainmaker
4,469,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for the information and update about the Waxhaw, NC real estate market.

Aug 09, 2018 04:54 AM #9
Ambassador
2,828,140
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You make market reports fun and easy to understand Nina. You have made it an art form 

Aug 09, 2018 05:30 AM #10
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... now that is a compliment calling a market report an art form! Thank you.

Aug 09, 2018 05:43 AM #11
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders good morning, Gabe... trust your day has gotten off to a great start. Are you having the same problems today in the Rain that I'm seeing with very slow loading? I think I've added a dozen grey hairs to my head while waiting around this morning.

Aug 09, 2018 05:44 AM #12
Rainmaker
3,692,160
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 valuable information for buyers and sellers looking for data.   

Aug 09, 2018 05:52 AM #13
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. Waxhaw is one of my favorite areas to sell in and I closed on three homes in various parts of Waxhaw last week and one the week prior.

Aug 09, 2018 05:59 AM #14
Rainmaker
2,927,858
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

You're the Realtor to call for all things Washaw, North Carolina Real Estate Nina. Buyers and sellers know this already!

Aug 09, 2018 06:09 AM #15
Rainmaker
1,381,091
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nina, I know you have sold many homes in Waxhaw, North Carolina. Your market report shows how well you know the current market conditions. Buyers and sellers just need to contact you for their real estate needs!

Aug 09, 2018 08:14 AM #16
Rainmaker
529,098
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Timely update and video for Waxhaw NC. Very professionally done.

Aug 09, 2018 08:38 AM #17
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson thanks, Amanda... Waxhaw is one of my favorite places to sell and I've been selling here for almost 20 years now, before Waxhaw was even on the radar for many people.

Aug 09, 2018 08:52 AM #18
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Pat Starnes-Front Gate Realty hi Pat... thanks for the compliment... always appreciate your popping by.

Aug 09, 2018 08:53 AM #19
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... thank you. I'd love to get my hands on some Waxhaw listings priced under $350K... scarcer than hen's teeth these days.

Aug 09, 2018 08:54 AM #20
Rainmaker
2,109,972
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When I hear Waxhaw, I definitely think of you and your superb market reports!

Aug 09, 2018 09:22 AM #21
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gee, thanks, Brian! If you ever saw how beautiful Waxhaw is, you'd forget all about me and think of the beautiful horse country there instead.

Aug 09, 2018 10:48 AM #22
Rainmaker
4,800,025
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Sunday morning, Nina. Have a great day and an outstanding week.

Aug 12, 2018 05:07 AM #23
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thank you... and wishing you and Dolores the very same.

Aug 12, 2018 05:19 AM #24
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