Waxhaw | Weddington | Marvin Monthly Real Estate Report: January 2020

By
Real Estate Agent with Coldwell Banker Realty

 

Waxhaw | Weddington | Marvin (28173 Zip Code)

Real Estate Report/Housing Market Snapshot:

January 2020

 

Latest news on the Waxhaw area real estate market and what it means for you...

 

The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see razor-thin, tight inventory (dropping 26.2% year-over-year). New listings also dropped 19.3% year-over-year in January.

 

Average days on market decreased 9 days to 63 days year-over-year.  Median days on market were 53 days in January 2020. 

 

Continued tight inventory and a months supply of homes of 2.8 months ( a 1.2 month's drop from 4 months one year ago), kept the Waxhaw area a seller’s market. 

 

With home sellers receiving 96.3% of list price there was some room for home buyers to negotiate in January 2020.

 

Home sale prices (median [$343,500] and average [$391,812]) in January were down 1.6% on average and up 2.5% for median home prices year-over-year.  Price per square foot increased 3.1% to $135/square foot in January versus the same month one year ago. The slight drop in average home prices in January should not be seen as a drop in Waxhaw area home values... rather it's more a reflection of the price point of homes sold in the month.

 

Closed sales decreased 6.8% and pending sales increased 9.2% in January 2020 compared with the same month one year ago. The drop in closed sales can be attributed to the lack of inventory. Resale inventory dropped in January by 27.6%; new construction inventory dropped 53.8%.  

 

  

Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

MORE INFORMATION ABOUT THE WAXHAW HOUSING MARKET'S PERFORMANCE IN JANUARY 2020 

 

MORE INFOMATION ABOUT THE WEDDINGTON HOUSING MARKET'S PERFORMANCE IN JANUARY 2020 

 

MORE INFORMATION ABOUT THE MARVIN HOUSING MARKET'S PERFORMANCE IN JANUARY 2020

 

 

Waxhaw Area Housing Market Highlights:

January 2020 versus January 2019

 

 Waxhaw Area (28173 zip code) Housing Market Report: January 2020



  

FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE

 

Did You Know...

Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?

Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?

Waxaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?

               

... So why not check out...

 

 THE 13 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA

 

Hot Waxhaw Area Neighborhoods

 

 

               SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

 

Search For Waxhaw, Weddington, Marving Homes For Sale

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home,”

 

 

 

WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

 

 

 

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House,”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 

Median Home Price Trends In Waxhaw | Weddington | Marvin

 

 

 

This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Charlotte metro area residential real experts and Waxhaw/Weddington/Marvin 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."

 

 

 

 

Previous Waxhaw |Weddington |Marvin Housing Market Updates:

Waxhaw/Weddington/Marvin Housing Market Update: December 2019

Waxhaw/Weddington/Marvin Housing Market Update: November 2019

Waxhaw/Weddington/Marvin Housing Market Update: October 2019

Waxhaw/Weddington/Marvin Housing Market Update: September 2019

Waxhaw/Weddington/Marvin Housing Market Update: August 2019

Waxhaw/Weddington/Marvin Housing Market Update: July 2019

Waxhaw/Weddington/Marvin Housing Market Update: June 2019

Waxhaw/Weddington/Marvin Housing Market Update: May 2019

Waxhaw/Weddington/Marvin Housing Market Update: April 2019

Waxhaw/Weddington/Marvin Housing Market Update: March 2019

Waxhaw/Weddington/Marvin Housing Market Update: February 2019

Waxhaw/Weddington/Marvin Housing Market Update: January 2019

 

 

 

 

 

 Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/waxhaw-real-estate-report-january-2020/

 

Posted by

 

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 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Oh by the way, I'm never too busy for any of your referrals!

 

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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
3,107,626
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

I bet those who do decide to sell, are happy with the thin inventory.

Feb 16, 2020 01:17 AM #1
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... no doubt. However, the underlying problem is that sellers are worried about the thinventory and their ability to find a new home as quickly as they can sell... so many are sitting on the sidelines and not selling.

Feb 16, 2020 04:23 AM #2
Rainmaker
2,092,724
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - we are just about to enter North Carolina but on 95.  We are changing cars in Florida.

Feb 16, 2020 04:51 AM #3
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... one of these days as you pass through, do it through Charlotte so we can have lunch again. Safe travels to Florida.

Feb 16, 2020 04:52 AM #4
Rainmaker
2,805,170
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anything that people want to know about the area it would be wise to contact you and find out.

Feb 16, 2020 05:41 AM #5
Rainmaker
2,148,470
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander - Can you believe the month is more than half over? Time is flying. Happy sales to you. 

Feb 16, 2020 05:46 AM #6
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... I like to think that I'm pretty clued in when it comes to the Waxhaw area, since it's literally my back yard.

Feb 16, 2020 05:47 AM #7
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... every year seems to fly by more quickly than the last... my grandmother warned me about this!

Feb 16, 2020 05:48 AM #8
Rainmaker
1,340,995
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - When sellers decide to sell, they will get the best information from you to make the right decisions.  

You would think that with low-interest rates on mortgages, people who want to make a change do have the ability. 

Feb 16, 2020 08:02 AM #9
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... it's not buyers who don't want to take advantage of the low rates, it's sellers who are afraid to list because they fear (rightfully so) that they won't find a new home to buy.

Feb 16, 2020 08:04 AM #10
Rainmaker
3,353,419
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Always great to see what is happening in other area of the country by these market reports.  Thank You!

 

Feb 16, 2020 08:54 AM #11
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm hi Will... thanks for popping by. Haven't seen any good recipes from you recently...have you run out of them? :)

Feb 16, 2020 08:57 AM #12
Rainmaker
2,683,865
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Waxhaw - WeddingtonHome buyers and sellers are certain to find this real etate market information valuable, Nina.

Feb 16, 2020 09:01 AM #13
Rainmaker
3,353,419
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  My cookbook is almost done and not trying new ones plus, I can not get pictures to download here in the rain so not posting many.

 

Feb 16, 2020 09:09 AM #14
Rainmaker
5,689,319
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Feb 16, 2020 09:30 AM #15
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... thanks, as always, for your visit.  Waxhaw remains one of the most in-demand areas of the Charlotte region.

Feb 16, 2020 10:04 AM #16
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm oh wow, Will. I've had issues uploading pictures in the Rain, but just switch browsers from Chrome to do it. It's very cumbersome to say the least.

Feb 16, 2020 10:05 AM #17
Rainmaker
3,378,909
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, again, Roy, for your visit... always happy to see you here on one of my posts.

Feb 16, 2020 10:06 AM #18
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Rainmaker
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