Waxhaw Area Home Sales UpdateJanuary 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)--began the new year on a strong note with closed and pending sales up, and days on market down. New construction sales remained a driving force in the Waxhaw area market.

The average sale price of Waxhaw area homes remained flat in January 2018 at just under $439,000 versus January 2017. 

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 January 2018 versus January 2017.

Closed sales in Waxhaw/Weddington/Marvin areas increased 6.1% in January 2018 as compared with January 2017. Closed sales of new construction increased by 6.3% versus a 6.1% increase in resale homes in January 2018 compared with January 2017. Pending sales were up 8.9% versus January 2017 compared with resale homes at 6.4%. 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 4.4% versus January 2017. Factoring out new construction, the month's supply of homes is only 3.6 months, up 2.9% versus January 2017.

Average sale prices for new construction were just under $483,000 in January 2018. The average sale price of a new construction home was about $37,978 higher than that of a resale home in January 2018.  Average price of a resale home was up 3.1% in January 2018 as compared with one year ago.... a testament to the shortage of resale homes for sale. By the same token, with more inventory available, in general, home prices remained flat in January 2018.


Waxhaw/Weddington/Marvin Area Local Market Update - January 2018

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Previous Waxhaw |Weddington |Marvin Area Housing Market Updates:

Waxhaw/Weddington/Marvin Housing Market Update: December 2017

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


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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