Indian Land, SC (29707 zip code) real estate report/snapshot for September 2019. The Indian Land housing market remains a seller’s market with just 3.1 months supply of inventory overall, but with only a 2.1 months supply of resale homes. In September it seemed to be all about new construction in Indian Land… closed and pending sales sales, inventory, days on market, new listings were up because of new construction. Inventory and closed sales of resale homes were both down compared with one year ago. With home sellers getting 98.4% of selling price, minimal room for buyers to negotiate.
Waxhaw (28173 zip code) real estate report/snapshot: September 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 21.9% year-over-year) despite an increase (+16.4%) in new listings year-over-year. With continued tight inventory and decreasing days on market, Waxhaw homes are selling quickly and the area remains a seller’s market. Lack of inventory has driven up average home prices — +5.1% year-over-year, while median home sale prices increased 5.7% year-over-year. The months supply of homes dropped 25% in September versus the same month last year and resale home inventory is low at 2.4 months.
Indian Trail (28079 zip code) real estate report/snapshot for September 2019. Indian Trail, NC area also includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County. The Indian Trail area saw an increase in both average (+5.4%) and median (+6.1%) home prices, as well as a significant increase in both closed and pending home sales. Despite an increase in new listings of 31.7% in September, Indian Trail saw a drop in the months supply of homes for sale to just 2.3 months (dropping from 2.8 months versus one year ago) and in inventory by 15.5% versus one year ago. With 26 average days on market and 8 median days on market in September, it’s clear that Indian Trail homes are selling quickly and about as quickly as new homes come on the market. At a median selling price of 99.1% of list price, not much room for buyers to negotiate.
Matthews (28105 zip code) real estate report/snapshot for September 2019. Matthews remained a seller’s market in Septemnber 2019 with the months supply of inventory remaining low at 2.1 months. Inventory was down 15% despite an increase in new listings of 18.6% in September. This, no doubt, contributed to the 52.3% increase in pending sales. Average sale prices of homes decreased 4% year-over-year to just under $300,000. Average days on market dropped 9 days to 38 days in September 2019 versus September 2018. With homes selling at 98.1% of asking price, buyers have minimal room to negotiate.
Latest news on the Ballantyne real estate market and what it means for you. Average Ballantyne home sale prices increased 4.2% in September 2019 compared with the same month one year ago. This was the fourth consecutive month we saw an increase in home sale prices. Ballantyne homes continue to sell quickly with Median Days on Market just 14 days, down 10 days compared with one year ago. Closed sales increased 25.2%, while pending sales were up 24% in September year-over-year. The months supply of homes remained low at 1.8 months and a 26.9% drop in housing inventory kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
Union County’s public elementary schools in Waxhaw, Weddington, and Marvin continue to be highly ranked in the Charlotte metro area. This should not be a surprise as the Union County Public School System is ranked #3 in North Carolina. 5 out of the top 25 ranked elementary schools in the Charlotte region are in the Waxhaw area.
Check out Great Home In Charlotte’s Fall 2019 Home Seller Guide: “Things To Consider When Selling A Home” BEFORE selling your home this fall. If you’re a home seller, our 2019 Fall Home Seller Guide will provide you important information about what the experts are saying about the market, about home buyer demand, about why now may be the perfect time to sell your home. Find out the five reasons to sell this fall and not wait until Spring 2020. Get great tips on how to sell your home faster, on staging your home, and pricing your home to sell quickly.
Check out Great Home In Charlotte’s Fall 2019 Home Buyer Guide: “Things To Consider When Buying A Home” BEFORE buying a home this fall. If you’re a home buyer, our 2019 Fall Home Buyer Guide will provide everything you need to know about down payments, closing costs, home pricing and interest rate trends, inspections, and more. Find out the four reasons to buy now and not wait. Get great tips about the best way to search for your dream home and the 10 steps to buying a home.
How did the Fort Mill and Tega Cay housing markets do in August 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in August 2019 with both towns having less than four months of inventory causing a drop in closed sales. In Fort Mill, new listings were down, as was inventory and the months supply of homes. In Tega Cay, the months supply of homes was down, while inventory increased slightly. A large increased in new listing in Tega Cay caused a large increase in pending sales in August.
Indian Land, SC (29707 zip code) real estate report/snapshot for August 2019. The Indian Land housing market remains a seller’s market with just 3.3 months supply of inventory overall, but with only a 2.4 months supply of resale homes. New listings dropped 19.5% in August 2019. Average sale prices in August 2019 increased 1.3%. Both pending and closed sales were down in August compared with the same month the prior year, no doubt as a result of lower new listings and a 17.2% drop in months supply of resale homes. With home sellers getting 98.7% of selling price, minimal room for buyers to negotiate. Indian Land homes are selling quickly with just 20 median days on market.