What's Happening In Charlotte's Waxhaw Area Housing Market~August 2015
By Nina Hollander, Broker, Your Greater Charlotte Real Estate Broker
(Coldwell Banker Realty)
August 2015 showed a \solid performance for home sales in the Waxhaw area of the Charlotte metro area (the 28173 zip code--encompassing Waxhaw, Weddington, and Marvin). The average sale price of Waxhaw area homes increased by 5.8% to just under $405,000 versus August 2014, while median days on market for property listings dropped by 19 days to 35 days, a 35.2% improvement over the same period last year. Price per square foot also increased by 5.8% to $110/square foot during August 2015 versus August 2014. Closed sales in the Waxhaw/Weddington/Marvin areas decreased slightly in August 2015 with 30 fewer homes closing. Meantime, pending sales were also down versus August 2014 with 74 fewer homes going under contract. The average percent of original list price that sellers received f...
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