Waxhaw Housing Market Update for January 2019. 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) saw a change in the trends of 2018 with both home prices and price per square foot decreasing in January 2019, while new listings increased by 50.8% after decreasing by double digits in December 201 . Nonetheless, housing Inventory remains low, especially in affordable homes. With pending sales increasing by 21.6% in January 2019, it remains to be seen if this is the start of a new trend or a “winter respite.”

Video Update For The Waxhaw Housing Market: January 2019

 

Waxhaw, NC Remained A Seller’s Market in January 2019

  • Average sale price of Waxhaw area homes decreased in January 2019 by 14.7% to just under $405,000 compared with the same period one year ago. Prices of resale homes which had been steadily increasing in 2018, dropped by 10% in January, while new construction home sale prices dropped by 9.1% in January.
  • Median sale price for Waxhaw area homes in January 2019 decreased by 18.5% versus one year ago to $335,000.
  • Average days on market for property listings in Waxhaw area were 66 days in January 2019 (up 9 days compared with one year ago). 
  • Median days on market dropped to 32 days in January 2019 (down 3 days compared with one year ago). This is the second month in a row that median days on market in the Waxhaw area have dropped.
  • Average price per square foot for Waxhaw area homes decreased by $6 per square foot to $129/square foot in January 2019 versus the same period in 2018. 
  • Pending sales in Waxhaw area increased 21.6% in January 2018 versus the same month last year. This increase reversed the 19.7% decrease of the prior month.
  • Closed sales in Waxhaw area decreased 7.1% in January compared with the same month one year ago. However, this decrease was an improvement on the decrease of 36.9% the prior month. Lack of affordable inventory no doubt contributes to the ongoing drop in closed sales.
  • New listings in Waxhaw area increased 50.8% versus January 2018.
  • Months supply of inventory remained low at 3.8 months, down 7.3% versus January 2018. Resale inventory was down 13% to just 2 months of housing supply. New construction inventory stood at 4.5 months in January 2019. down 4.3% compared with January 2018.
  • Percent of original list price sellers received for their homes was 94.5%, showing a bit of negotiating room in the 28173 zip code for Waxhaw/Weddington/Marvin homes.
  • Average sale price for new construction homes in the Waxhaw area was $445,758 in January 2019. Average sale price of new construction homes was just over $12,000 higher than that of a resale home in January 2019. 

 

13 Hot Neighborhoods In Waxhaw Area

Wondering what the hot neighborhoods in  Waxhaw/Weddington/Marvin are? Click on the picture below to discover the 13 hottest neighborhoods to be watching in the 28173 zip code.

Hot Waxhaw area neighborhoods

 

Find Your Waxhaw Area Dream Home

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.

 

 

 

And don’t miss out on the newest home listings in Waxhaw/Weddington/Marvin. 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 the Waxhaw area.

 

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

 

Find Out What Your Waxhaw Area Home Is Worth

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.

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.

Previous Housing Market Updates For Waxhaw Area

Buying Or Selling A Home In The Waxhaw Area…

… 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.”

Great Homes In Charlotte

 

Summary
Waxhaw Area (28173 Zip Code) Housing Market Update & Video: January 2019
Article Name
Waxhaw Area (28173 Zip Code) Housing Market Update & Video: January 2019
Description
Waxhaw Housing Market Update for January 2019. 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) saw a change in the trends we were seeing in 2018 with both home prices and price per square foot decreasing in January 2019 and new listings increasing by 50.8% after decreasing by double digits in December 2018 . Nonetheless housing Inventory remains low, especially in affordable homes. With pending sales increasing by 21.6% in January 2019, it remains to be seen if this is the start of a new trend or a "winter respite."
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