Waxhaw | Weddington | Marvin Housing Market Report: January 2021

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Waxhaw area (28173 zip code) real estate market in January 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) was very much a home seller's market in January 2021 with tight inventory (dropping 62.9% year-over-year), coupled with an 11.5% decrease in new listings year-over-year.

 

Average days on market decreased 14 days to 49 days year-over-year.  Median days on market were 7 days in January, down 45 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high.

 

Continued tight inventory and a months supply of homes of 1 month (a 2.1 month's drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market. 

 

With home sellers receiving a median 100% of list price (up 3.8% year-over-year) there was less room for home buyers to negotiate in January 2021 than in the same month the previous year.

 

Home sale prices (median [$396,632] and average [$472,507]) in January increased 16.4%, on average, and increased 14.3% for median home prices year-over-year. 

 

Price per square foot increased 20% to $162/square foot (up $27/square foot) in January versus the same month one year ago. 

 

Closed sales increased 43.7% and pending sales increased 16.7% in January 2021 compared with the same month one year ago. 

   

 

 

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

 

MORE INFOMATION ABOUT THE WEDDINGTON HOUSING MARKET'S PERFORMANCE

 

MORE INFORMATION ABOUT THE MARVIN HOUSING MARKET'S PERFORMANCE 

   

 

 

Waxhaw Area Housing Market Highlights:

January 2021 versus January 2020

 

Waxhaw, Weddington, Marvin Housing Market Snapshot January 2021

 

 

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 12 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA

 

Hot Waxhaw Area Neighborhoods

 

             

 SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

 

 

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

 

 

WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

What's My Home 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 Realty, your Greater Charlotte 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 Waxhaw area or anywhere in the Greater Charlotte 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."

 

 

 

Read the original and search for Waxhaw homes for sale at www.GreatHomesInCharlotte.com

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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.

 

Comments (24)

Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

For information on the Charlotte area, one need only visit your blog daily to find out all they need to know!

Feb 11, 2021 05:18 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina, This is another one of your thorough updates on the Waxhaw market place.  I am sure residents and potential buyer will appreciate this.  A

Feb 11, 2021 07:13 AM
Joan Cox
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 and looks like your market remains strong for Sellers.   

Feb 11, 2021 07:22 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander your market reports are always the balance between details and brevity and I learn so much from you.

Feb 11, 2021 08:00 AM
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 and Home Specialists

Tight inventory in the Waxhaw/Marvin neighborhoods is keeping some buyers from finding their perfect home. Call Nina Hollander now to get your home listed and sold!

Feb 11, 2021 08:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe thanks, Lise... sadly, none of those under contract properties are mine... all my listings sold out before end of 2020 except for one which just went under contract, but not in the Waxhaw area.

Feb 11, 2021 02:49 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... I am so happy I'm not a buyer in this market. One really needs to be very vigilant in the pursuite of a new home right now.

Feb 11, 2021 02:50 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley hi Roy... trust you've had a good Thursday... are you all snowed in again?

Feb 11, 2021 02:50 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... I've been following the weather reports and it seems some 45% of the country is covered with snow and ice right now! Hopefully, it's not too bad in Chicago... although I'm sure the wind chills are mind-boggling! I've been in Chicago in January, so I know.

Feb 11, 2021 02:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... maybe I should stop selling real estate and just publish on sales in the Greater Charlotte area? What do you think? :)

Feb 11, 2021 02:52 PM
Brian England

I think you should do what you love to do!

Feb 11, 2021 05:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... I've been selling in the Waxhaw area which is minutes from my house for 20+ years... before many agents knew how to spell Waxhaw or find it. It's one of my favorite areas in which to list and sell.

Feb 11, 2021 02:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... the market is so tight now, even new construction isn't helping alleviate the inventory shortage.

Feb 11, 2021 02:54 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... what a lovely thing to say. Thank you. Wish I was a creative with videos as you are, however!

Feb 11, 2021 02:55 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... I can only hope that shout out of yours to Waxhaw area hoe sellers can be heard loud and clear at this end! Did the snow hit you badly again or just coming your way?

Feb 11, 2021 02:56 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

There is certainly a wealth of useful information in your update, with some good analysis. It's a tough market to be a buyer, no?!

Jeff

Feb 11, 2021 05:47 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Waxhaw - Weddington Marvin home buyers and sellers are sure to value your real estate market report, Nina.

Feb 11, 2021 06:30 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!
 
Thank you for sharing your Waxhaw, Weddington, Marvin Housing Market Report. I saw your dog make a cameo appearance during the Zoom meeting kissing your ring Nina Hollander 😃   
Feb 11, 2021 07:19 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS thanks, Jeff... it's a terrible market in which to be a home buyer... takes so much patience and determination to make it happen. Hard on buyers' agents, as well, as a result.

Feb 12, 2021 04:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thanks, as always, for taking time to pop by and leave me a comment. Happy Friday!

Feb 12, 2021 04:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS you saw that did you, Paul? Actually, Bingo was trying to lick my ear and I was pushing him away. He's 50 pounds of muscle and it's not easy to push him away. 

Feb 12, 2021 04:29 AM

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