This Month In Real Estate: Waxhaw (28173 Zip Code) Update: Sept. 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

September 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 inventory and new listings tightening and negatively impacting sales growth and new construction remaining a big factor in Waxhaw area sales.

 

 

 

  

The average sale price of Waxhaw area homes was up down to just under $426,000 in September 2018 versus the same period one year ago. Median price of homes was up 4.6% to $383,000.

 

Average days on market for property listings increased to 60 days over the same period last year. Median days on market were 26.

 

Average price per square foot was $133/square foot in September 2018, up 4.7%. 

 

Closed sales in Waxhaw/Weddington/Marvin areas decreased 27.4% in September 2018 compared with September 2017.  Pending sales were down 24.2% versus September 2017.

 

The median percent of original list price that sellers received for their homes was 97.4%, 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 16.7% to 4.5 months with new listings down 28% versus September 2017. Factoring out new construction, the month's supply of homes is only 3.2 months (down 15.8%) versus September 2017. Resale inventory was down 17.3% versus the same time frame one year ago. New listings of more affordable resale homes priced under $315,000 were down 38%.

 

Average sale price for new construction homes was $464,825 in September 2018. The average sale price of a new construction home was about $57,000 higher than that of a resale home in September 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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FIND OUT WHAT YOUR WAXHAW AREA HOME IS WORTH

 

Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:

 

Waxhaw/Weddington/Marvin Housing Market Update: August 2018

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

 

This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is brought to you by Nina Hollander/Carolinas Realty Partners with Coldwell Baker Residential Brokerage, your metro area residential real experts and Waxhaw area specialists. We've been opening doors for Waxhaw area home buyers and sellers for 20 years.

 

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

"The Right Broker Makes All The Difference."

 

 

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 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
1,524,784
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

These are numbers a lot of us envy Nina Hollander except for the low inventory of course.

Oct 06, 2018 11:18 AM #1
Rainmaker
2,379,990
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You do such a great job in highlighting the neighborhoods in your area!  I hope that you are having a wonderful weekend my friend!

Oct 06, 2018 11:38 AM #2
Rainmaker
1,473,348
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander, as always, great market update and neighborhood information for Waxhaw. Have an awesome weekend! 

Oct 06, 2018 12:22 PM #3
Rainmaker
4,231,426
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another wonderful profile and market update of Waxhaw.  You do a great job as always...I did not mind you bursting my bubble about tea, I did not follow that style.  When I was digging around our garage looking for the elusive ikon, I found two tea glasses with enamel holders that someone gave me as a present.  I never used them...Ron was asking if it was true (he read that recently) that Solzhenitsyn's book, The Gulag Archipelago, was required reading in Russian schools.  

I remembered that it the manuscript was smuggled and published inthe US, and I read it in Russian in grad school.  It was heart wrenching...  Thanks.  A

Oct 06, 2018 12:32 PM #4
Rainmaker
4,431,023
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 

Oct 06, 2018 07:37 PM #5
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm hi Bob... the low inventory numbers are impacting lots of other important numbers, unfortunately, over time and making a home puchase increasingly unaffordable for many new buyers.

Oct 06, 2018 10:32 PM #6
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England thanks, Brian. Hope your weekend is going well, too, and that you've carved out time for both work and play.

Oct 06, 2018 10:33 PM #7
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay Thanks, Beth. I believe that home buyers and sellers should not make decisions in a vacuum so I try to be as thorough as possible.

Oct 06, 2018 10:35 PM #8
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... I always think of that tea drinking out of a glass as a very 19th century thing. Even my grandmother who was born in 1895 did not drink tea that way... and I've not seen it here in Russia, but that's not to say it doesn't happen. As for Solzhenitzyn's books, I've not heard that it's required reading here. I'll ask. What I'm hearing from the "younger" generation in many cases is a nostalgia for Stalin... they never lived through that terror and have a hard time believing those, like my sisters, who did.

Oct 06, 2018 10:38 PM #9
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal good morning, Gita... thanks, as always, for popping by. I'm still trying to get used to seeing everyone's new photos when I see their comments.

Oct 06, 2018 10:39 PM #10
Rainmaker
3,974,677
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, interesting to see your days on market increasing in Waxhaw.   Maybe your market is finally slowing down too?

Oct 07, 2018 05:59 AM #11
Rainmaker
1,636,740
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for letting us know how the market is doing this month in Waxhaw! 

Oct 07, 2018 06:11 AM #12
Rainmaker
4,231,426
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Why would anyone want to return to Stalinist times?  I am shocked at the very notion of it.  A

Oct 07, 2018 06:46 AM #13
Rainmaker
5,169,006
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Oct 07, 2018 11:38 AM #14
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, as always for stopping by. Here's wishing you a lovely Monday ahead.

Oct 07, 2018 08:39 PM #15
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... amazing isn't it? And yet... there is more nostalgia for Stalinist times than you can imagine and people make the most amazing arguments to justify that.

Oct 07, 2018 08:40 PM #16
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe hi Lise... always nice to see you "popping by." Hope all is going well at your end.

Oct 07, 2018 08:41 PM #17
Rainmaker
2,894,884
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... in Waxhaw it's not the market slowing down, it's that there is a lot of new construction there and the DOM are much longer for new construction. Plus different builders enter listing information at different stages of the building process, which skews the numbers as well.

Oct 07, 2018 08:43 PM #18
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Rainmaker
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