Waxhaw Weddington Marvin, NC Housing Update December 2017 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)--ended the year on the strong path we've seen year-to-date with home prices up, closed and pending sales up, and days on market down. New construction sales remain a driving force in the Waxhaw area market.

The average sale price of Waxhaw area homes increased in December 2017 by 0.3% to just over $436,000 versus December 2016. 

Average days on market for property listings dropped by 3 days to 64 days, a 4.5% improvement over the same period last year. 

Average price per square foot increased by 0.8% to $128/square foot during December 2017 versus December 2016.

Closed sales in Waxhaw/Weddington/Marvin areas increased 4.2% in December 2017 as compared with December 2016.  Closed sales of new construction continued to increase at a high rate -- 7.0% versus a 3.7% increase in resale homes in December 2017 compared with December 2016. Pending sales were up 6.7% versus December 2016. Clearly, new construction remains very much a driving force in Waxhaw area home sales.

The average percent of original list price that sellers received for their homes was 96.2%, 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 3.8% to 5 months with new listings up 4.6% versus December 2016. Factoring out new construction, the month's supply of homes is only 3.6 months, essentially flat versus December 2016.

Average sale prices for new construction were just over $481,000 in December 2017. The average sale price of a new construction home was about $38,158 higher than that of a resale home in December 2017.  Average price of a resale home was up 3.6% in December 2017 as compared with one year ago.... a testament to the shortage of resale homes for sale.


Waxhaw/Weddington/Marvin Area Local Market Update - December 2017


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Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:


Waxhaw/Weddington/Marvin Housing Market Update: Novembet 2017 

Waxhaw/Weddington/Marvin Housing Market Update: October 2017

Waxhaw/Weddington/Marvin Housing Market Update September 2017

Waxhaw/Weddington/Marvin Housing Market Update: July 2017

Waxhaw/Weddington/Marvin Housing Market Update: June 2017

Waxhaw/Weddington/Marvin Housing Market Update: May 2017 

 Waxhaw/Weddington/Marvin Housing Market Update: April 2017

 Waxhaw/Weddington/Marvin Housing Market Update: March 2017

Waxhaw/Weddington/Marvin Housing Market Update: February 2017

Waxhaw/Weddingt/Marvin Housing Market Update: January 2017

Waxhaw/Weddingt/Marvin Housing Market Update: December 2016

Waxhaw/Weddingt/Marvin Housing Market Update: November 2016

Waxhaw/Weddingt/Marvin Housing Market Update: October 2016


This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants and Waxhaw area specialists. 


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