What Happened In The Indian Trail, NC Housing Market In November 2016?

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

Indian Trail, NC Housing Market Update September 2016November 2016 home sales in Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby, Lake Park continued the positive trends of the year to-date with sale prices increasing, days on market decreasing, available inventory tightening. 

 

The average sale price of Indian Trail area homes increased by 9.8% to just under $244,000 as compared with  the same period one year ago. Average sale price also increased over that of October 2016.

 

Average days on market for property listings dropped by 14 days to 44 days from 58 days just one year ago--a 24.1% improvement over the same period last year. Median days on market also dropped by 44.4% to 15 days in November 2016. 

 

Average price per square foot increased by 7.3% to $103/square foot in November 2016 versus the same period in 2015. Pending sales increased 5.3% in November versus the same month last year, while November closed sales  increased 6.8%.

 

During November 2016, the number of showings until pending contract per listing averaged 18 showings (up 12.5% versus November 2015) and the number of showings per listing averaged 6.4 showings (a 20.8% improvement versus the same time period one year ago). Given the reduced number of available homes for sale, it's not surprising that those homes listed get more "traffic" prior to going under contract.

 

The median percent of original list price that sellers received for their homes was up 1.1% compared with last year at 98.2%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings increased by 3.9% versus November 2015, which will hopefully relieve some of the strain to a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.6 months overall (down 18.8% versus November 2015). 

 

Without doubt, it continues to be a true seller's market in the 28079 zip code and a very competitive environment for home buyers in the Indian Trail/Stallings areas. The underlying issue to maintaining the pace of 2016 year-to-date will be to have homes to sell as we enter the last month of 2016  (although it's reasonable to assume homes will continue to sell for more and sell more quickly without an increase in inventory).

 

 

Indian Trail/Stallings Local Market Update - November 2016

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN TRAIL/STALLINGS, NC HOMES FOR SALE

 

WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

 

 

 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market: October 2016

Indian Trail Housing Market: September 2016

 

This Charlotte, North Carolina real estate monthly update for Indian Trail and Stallings, NC in the 28079 zip code is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive Realty, your Charlotte metro area real estate consultants and Indian Trail area specialists.

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
3,286,407
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Nina Hollander ,

And the true sellers market continues in the Indian Trail, NC housing market with fierce competition. If your looking to buy or sell better call @Nina for good representation! 

Dec 08, 2016 04:58 AM #1
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard ~ hi Dorie... there's not an area I "touch" in terms of sales that isn't in a seller's market these days... and no changes in sight.

Dec 08, 2016 05:03 AM #2
Rainmaker
2,472,565
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. Lace up your track shoes so you can keep up with your market! Enjoy your day!

Dec 08, 2016 05:16 AM #3
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... funny you should mention running shoes... they are on my list to buy this month!

Dec 08, 2016 05:34 AM #4
Rainmaker
4,394,404
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Indian Trail area home sellers will be in very good hands when they select you as their listing agent.

Dec 08, 2016 08:22 AM #5
Rainmaker
1,627,506
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Average Sales prices up! Inventory down! The same is true here in Texas. It's such a great time to buy if you can! Buyers and Sellers should know you will guide them throughout the process because you truly are the best!

Dec 08, 2016 08:28 AM #6
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ hi Patricia... I keep reminding my buyers that home prices are not going down, nor are interest rates and that they should get in while the going is good!

Dec 08, 2016 08:30 AM #7
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ good morning, Roy... thanks for that great vote of confidence. We all need one every now and then.

Dec 08, 2016 08:31 AM #8
Rainmaker
619,122
David Alan Baker Laveen Realtor & South Phoenix Realtor
HomeSmart - Laveen, AZ
Your local Expert

This is a great market report, I'm sure it is appreciated by your clients, and those soon to be.

Dec 08, 2016 12:06 PM #9
Rainmaker
138,171
Kelly Turbeville
Keller Williams - Lake Forest, CA
Turning Real Estate Dreams into Reality

Great information for both your sellers and buyers..

Dec 08, 2016 02:06 PM #10
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

David Baker Laveen Realtor & South Phoenix Realtor and Kelly Turbeville ~ good morning David and Kelly... thank you both and thanks for stopping by and taking time to comment. Hope you both have a super day!

Dec 09, 2016 03:18 AM #11
Rainmaker
3,817,337
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your real estate market. Anyone thinking of buying or selling a home in your market area should call you.

Dec 09, 2016 04:14 AM #12
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks much, Gita. Hope your day has started off well and is just an "opening" for a great weekend.

Dec 09, 2016 04:38 AM #13
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Rainmaker
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