Waxhaw (28173 zip code) real estate report/snapshot: September 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 21.9% year-over-year) despite an increase (+16.4%) in new listings year-over-year. With continued tight inventory and decreasing days on market, Waxhaw homes are selling quickly and the area remains a seller’s market. Lack of inventory has driven up average home prices — +5.1% year-over-year, while median home sale prices increased 5.7% year-over-year. The months supply of homes dropped 25% in September versus the same month last year and resale home inventory is low at 2.4 months.
Waxhaw Housing Market Snapshot: September 2019
Average sale price of Waxhaw area homes increased in September 2019 by 5.1% to just over $442,000 compared with the same period one year ago.
Median sale prices for Waxhaw area homes in September 2019 increased 5.7% versus one year ago to just under $409,000.
Average days on market for property listings in Waxhaw area were 43 days in September 2019 — down 21 days year-over-year and down 4 days month-over-month.
Median days on market were 12 days in September 2019 — down 18 days compared with one year ago and down 9 days month-over-month.
Average price per square foot for Waxhaw area homes increased $3 per square foot to $136/square foot in September 2019 versus the same period in 2018,
Pending salesin Waxhaw area increased 23.9% in September 2019 versus the same month last year.
Closed sales in Waxhaw area increased 28.9% in September 2019 compared with the same month one year ago.
New listings in Waxhaw area increased 16.4% in September 2019 versus September 2018.
Months supply of inventory was 3.6 months, down 25% versus September 2018. Resale inventory was down in September 2019 23% compared with September 2018, while new construction inventory decreased 42.2%. Months supply of inventory for resale homes was just 2.4% in September.
Percent of original list price sellers received for their homes was 98,2%, providing relatively little negotiating room in the 28173 zip code for homes in Waxhaw, Weddington, and Marvin in September 2019.
How The Waxhaw | Weddington | Marving Housing Markets Performed In
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This Charlotte, North Carolina real estate monthly update for Waxhaw is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Waxhaw/Weddington/Marvinspecialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Waxhaw, Weddington, and Marvin home buyers and sellers for 20+ years.
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