Waxhaw Area Real Estate Report: February 2020
It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (47.7%) in February 2020. Resale inventory was also significantly down (almost 32.7%) in February year-over-year to just 1.6 months. Both average and median home sale prices increased in February year-over-year, as did closed and pending sales.
Waxhaw Area Real Estate Report: February 2020
Latest news on the Waxhaw area real estate market and what it means for you…
Waxhaw area (28173 zip code) real estate report for February 2020. 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 tight inventory (dropping 30% year-over-year). New listings also dropped 6% year-over-year in February.
Average days on market increased 11 days to 81 days year-over-year. Median days on market were 41 days in February 2020.
Continued tight inventory and a months supply of homes of 2.7 months (a 1.5 month’s drop from 4.2 months one year ago), kept the Waxhaw area a seller’s market. Resale inventory dropped in February by 32.7%; new construction inventory dropped 47.7%. The months supply of resale inventory was 1.6 months in February, down 38.5% year-over-year from 2.6 months.
With home sellers receiving 96.9% of list price there was some room for home buyers to negotiate in February 2020.
Home sale prices (median [$393,509] and average [$423,359]) in February increased 3.7% on average and 5.9% for median home prices year-over-year. Price per square foot increased 10.7% to $145/square foot (up $14/square foot) in February versus the same month one year ago.
Closed sales increased 9.8% and pending sales increased 8.2% in February 2020 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.
Waxhaw Area Housing Market Highlights: February 2020 vs February 2019
Median Home Price Trends In Waxhaw Area
Find Your Waxhaw Area Dream Home
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?
Waxhaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?
FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE
… So why not check out…
13 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA
It’s easy to find your Waxhaw | Weddington | Marvin dream home at GreatHomesInCharlotte.com.
And don’t miss out on the newest home listings in the Waxhaw area. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in Waxhaw, Weddington, and Marvin.
FREE Home Buyer Guide: “Things To Consider When Buying A Home”
What’s Your Waxhaw Area Home Worth?
Wondering what your Waxhaw, Weddington or Marvin home is worth in today’s market? Find out by clicking on the picture below.
If you’re thinking about selling your Waxhaw area home, let’s get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.
We’re happy to provide this information with no obligation on your part.
FREE Home Seller Guide: “Things To Consider When Selling Your House”
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
Previous Waxhaw Area Housing Market Updates
Waxhaw/Weddington/Marvin Housing Market Update: January 2020
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
Whether You’re Buying Or Selling A Waxhaw Area Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, and Marvin is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Waxhaw area specialists and Charlotte metro area residential real estate experts. 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.”
