Waxhaw (28173 Zip Code) Housing Market Update And Video: August 2018

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Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

August 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.

 

 

  

The average sale price of Waxhaw area homes was up 0.3% to just under $476,000 in August 2018 versus the same period one year ago.

 

Average days on market for property listings dropped to 51 days, an 8.9% improvement over the same period last year. Median days on market were 25 (down 19.4%).

 

Average price per square foot was $132/square foot in August 2018, up 3.1%. (New construction is averaging $140/square foot, about $8 more per square foot than resale homes.)

 

Closed sales in Waxhaw/Weddington/Marvin areas increased 16.7% in August 2018 as compared with August 2017.  Pending sales were up 18.4% versus August 2017.

 

The median percent of original list price that sellers received for their homes was 97.8%, 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 21.4% to 4.4 months with new listings up a scant 1.6% versus August 2017. Factoring out new construction, the month's supply of homes is only 3 months (down 19.5%) versus August 2017. Resale inventory was down 16.2% versus the same time frame one year ago. New listings of more affordable resale homes priced under $315,000 were down 35.7%.

 

Average sale prices for new construction were $490,594 in August 2018. The average sale price of a new construction home was $13,346 higher than that of a resale home in August 2018. New construction remains a driving force in Waxhaw area home sales. 

 

FIND OUT WHY PEOPLE LOVE LIVING IN THE WAXHAW | WEDDINGTON | MARVIN AREAS

 

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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: July 2018

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

 

 

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-august-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, 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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Rainmaker
4,350,982
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

What an excellent report on Waxhaw.  Anyone looking to sell or buy in Waxhaw should pick up the phone and give you a call.  A

Sep 06, 2018 10:38 AM #1
Rainmaker
751,075
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Healthy sounding market for Waxhaw, hope you are doing well.

Sep 06, 2018 10:57 AM #2
Rainmaker
698,735
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Great market update as usual my friend. Straight to the point with the stats - easy to understand. That market is very strong.

Sep 06, 2018 11:43 AM #3
Rainmaker
3,139,068
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Waxhaw and so many places across the country are seeing the same market...homes selling more quickly, home prices increasing, and inventory decreasing!

Sep 06, 2018 12:40 PM #4
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... I think many of us are singing from the same hymn book, as they say!

Sep 06, 2018 02:58 PM #5
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Richard Bazinet /MBA, CRS, ABR thanks, Richard... thanks for popping by... trust all is well at your end and not too hot.

Sep 06, 2018 02:58 PM #6
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick & Trudy Vandekar, 610-203-4543 hi Nick... thanks... and thanks for popping by. Any plans for a trip to Charlotte soon?

Sep 06, 2018 02:59 PM #7
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... a very big portion of my sales this year were in Waxhaw area... I love selling there... one more listing to come there in near future.

Sep 06, 2018 03:00 PM #8
Rainmaker
1,518,217
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Nina, I know from reading your post you not only sell a lot in Waxhaw but, you also love doing it. There is a lot of valuable information for buyers and sellers in this post. When they're ready to take the next step all they need to do is reach out to you. 

Sep 07, 2018 05:36 AM #9
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson hi Amanda... if I didn't live in Ballantyne, which is adjacent to the Waxhaw/Weddington/Marvin areas, I'd move right over the county line to the Waxhaw area.

Sep 07, 2018 06:22 AM #10
Rainmaker
5,303,745
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Sep 07, 2018 08:37 AM #11
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy... wishing you and Dolores a lovely weekend ahead... hopefully your heat has abated somewhat.

Sep 07, 2018 08:49 AM #12
Ambassador
3,982,164
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Great information here, Nina. The market is very strong in Waxhaw/Weddington and Marvin. 

Sep 07, 2018 01:11 PM #13
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds thanks, Debbie... the good schools are a big part of this performance... but still, the average home price is so much higher than our region, in general, it's quite amazing how strong the market is.

Sep 08, 2018 03:32 AM #14
Ambassador
3,056,643
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 You serve all your communities well by providing accurate and up-to-date statistics on what is going on Nina...

Sep 08, 2018 06:09 AM #15
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, thanks, Paul. At the end of the day, that's an integral part of what we do for our clients.

Sep 08, 2018 06:26 AM #16
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Rainmaker
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