Waxhaw (28173 Zip Code) Housing Market Update & Video: December 2018

• Average sale price of Waxhaw area homes increased in December 2018 by 2.7% to just over $433,000 compared with the same period one year ago. 
• Median sale price for Waxhaw area homes in December 2018 decreased by 3.2% versus one year ago to $370,000.
• Average days on market for property listings in Waxhaw were 79 days (up 4 days compared with one year ago). 
• Median days on market stood at 41 days in December 2018 (down 2 days compared with one year ago). 
• Average price per square foot for Waxhaw area homes increased 8.5% to $140/square foot in December 2018 versus the same period in 2017. The average price per square foot was also up by $5/square foot compared with the previous month (November 2018).
• Pending sales in Waxhaw area decreased 19.7% in December 2018 versus the same month last year.
• Closed sales in Waxhaw area decreased 36.9% in December compared with the same month one year ago. Lack of affordable inventory no doubt contributed to this drop.
• New listings in Waxhaw area decreased 20.4% versus December 2017.
• Months supply of inventory remained low at 3.5 months, down 14.6%. Resale inventory was down 13.8%, which more than likely helped increase average resale prices by 11.7% to almost $466,000 versus one year ago. Overall inventory was down 15.5% year-over-year.
• Median percent of original list price sellers received for their homes was 96.4%, showing relatively little negotiating room in the 28173 zip code for Waxhaw/Weddington/Marvin homes.
• Average sale price for new construction homes in the Waxhaw area was $472,218. Average sale price of new construction homes was only about $7,000 higher than that of a resale home in December 2018 — probably the smallest margin we’ve seen in a very long time. But resale inventory remains very tight and was down 13.8% in December 2018 and pushed home prices up.

Wondering what the hot neighborhoods in  Waxhaw/Weddington/Marvin are? Click on the picture below to discover the 8 hottest neighborhoods to be watching in the 28173 zip code.

It’s easy to find your dream home in the Waxhaw area at GreatHomesInCharlotte.com. You can search for all homes for sale in the 28173 zip code for sale here at: www.GreatHomesInCharlotte.com.

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Get your FREE Winter 2019 Home Buyer’s Guide: “Things To Consider When Buying A Home” here.

Wondering what your Waxhaw/Weddington/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 the Waxhaw/Weddington/Marvin neighborhoods 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.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

We’re happy to provide this information with no obligation on your part.

Get your FREE Winter 2019 Home Sellers Guide: “Things To Consider When Selling Your House” here.

Waxhaw/Weddington/Marvin Housing Market Update: November 2018

Waxhaw/Weddington/Marvin Housing Market Update: October 2018

Waxhaw/Weddington/Marvin Housing Market Update: September 2018

Waxhaw/Weddington/Marvin Housing Market Update: August 2018

Waxhaw/Weddington/Marvin Housing Market Update: July 2018

Waxhaw/Weddington/Marvin Housing Market Update: June 2018

Waxhaw/Weddington/Marvin Housing Market Update: May 2018

Waxhaw/Weddington/Marvin Housing Market Update: April 2018 

Waxhaw/Weddington/Marvin Housing Market Update: March 2018

Waxhaw/Weddington/Marvin Housing Market Update: February 2018

Waxhaw/Weddington/Marvin Housing Market Update: January 2018

… The Right Broker Makes All The Difference!

This Charlotte, North Carolina real estate monthly update for Waxhaw is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Waxhaw/Weddington/Marvin specialists 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.

If you’re considering selling or purchasing a home in the Waxhaw/28173 zip code area, I’d love an opportunity to earn your business, exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”