What Happened In The Indian Trail, NC Housing Market In September 2017

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

Indian Trail, NC Housing Market Update September 2016

 

September 2017 home sales in Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby, and Lake Park in Union County, continued the trends we've seen throughout the year with sale prices increasing, days on market decreasing, available inventory decreasing, closed and pending sales just barely "hanging on" due to lack of inventory.

 

The average sale price of Indian Trail area homes increased by 6.5% to $255,500 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 5 days to 40 days from 45 days just one year ago--an 11.1% improvement over the same period last year. Median days on market also dropped by 25.0% to 12 days in September 2017. 

 

Average price per square foot increased by 6.9% to $109/square foot in September 2017 versus the same period in 2016. Pending sales decreased 6.1% in September versus the same month last year, while September closed sales  decreased by 2.2%. No doubt that the lack of inventory contributed to the decrease in pending and closed sales in September 2017.

 

During September 2017, the number of showings until pending contract per listing averaged 16 showings (down 15.8% versus September 2016) and the number of showings per listing averaged 7.9 showings  Given the reduced number of available homes for sale, it's not surprising that those homes listed get less "foot traffic" prior to going under contract as homes are selling so much more quickly.

 

The median percent of original list price that sellers received for their homes was up 0.3% compared with last year at 98.5%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 9.3% versus September 2016 adding additional strain to a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.3 months (down 14.8% versus September 2016). 

 

Without doubt, it continues to be very much a seller's market in the 28079 zip code and a very competitive environment for home buyers in the Indian Trail and Stallings areas. The underlying issue to maintaining the pace of 2016 and the first three quarters of 2017 throughout the last quarter of this year, will be to have homes (inventory) to sell (and 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 Housing Market Update - September 2017

 

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN TRAIL, NORTH CAROLINA HOMES HERE

 

SEARCH ALL STALLINGS, NORTH CAROLINA HOMES HERE

 

WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

 

 

 

 

 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

Indian Trail Housing Market Update: August 2017

Indian Trail Housing Market Update: July 2017

Indian Trail Housing Market Update, June 2017

Indian Trail Housing Market Update: May 2017

Indian Trail Housing Market Update: April 2017 

 Indian Trail Housing Market Update: March 2017

Indian Trail Housing Market Update: February 2017 

Indian Trail Housing Market Update: January 2017 

Indian Trail Housing Market Update: December 2016 

Indian Trail Housing Market Update: November 2016 

Indian Trail Housing Market Update: October 2016

Indian Trail Housing Market Update: 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, your Charlotte metro area real estate consultants. 

 

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."

 

 

 

Posted by

 

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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Tags:
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Rainmaker
3,604,544
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Oct 05, 2017 03:52 AM #3
Rainmaker
1,294,680
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - I am at a conference with someone from North Carolina who is telling me of the strong growth in Charlotte.

Oct 05, 2017 04:07 AM #4
Rainmaker
1,341,656
Lise Howe
Long and Foster - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

THanks for sharing all the news with us about the market in Charlotte - Have a great vacation! 

Oct 05, 2017 04:47 AM #5
Rainmaker
3,785,227
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for keeping us updated about the Indian Trail, NC real estate market.

Oct 05, 2017 05:08 AM #6
Rainmaker
3,090,856
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Indian Trail, and sellers are still enjoying a great market!   

Oct 05, 2017 06:03 AM #7
Rainmaker
2,341,716
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Reading your marlet reports reminds me it is time to get some more out with a new month upon us again. Have a great day Nina Hollander.  

Oct 05, 2017 06:12 AM #8
Rainmaker
1,846,085
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hello Nina: How do they track number of showings until contract? Are you guys required to keep a record of how many homes you show to a certain buyer?

Oct 05, 2017 08:26 AM #9
Ambassador
1,338,642
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Your market is very similar to ours, Nina. Lack of inventory, rising prices, and low days on the market. At least I'm assuming these numbers aren't unique to Indian Trail. 

Oct 05, 2017 08:30 AM #10
Rainmaker
4,116,355
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will certainly appreciate your real estate market reports.

Oct 05, 2017 08:40 AM #11
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Thanks, Roy Kelley, and as always I appreciate your popping by to leave a comment.

Oct 05, 2017 09:56 AM #12
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Debb Janes EcoBroker and Bernie Stea JD ~ hi Debb... you are correct... all of our local markets in the immediate Charlotte metro area are seller markets suffering from thinventory.

Oct 05, 2017 09:57 AM #13
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ we make all our appointments through Showing Time, who record the statistics by city, zip code, subdivision, price range, size range, etc.

Oct 05, 2017 09:58 AM #14
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Scott Godzyk ~ hi Scott... and the scary thing is that the month will be over in what will feel like a blink of an eye.

Oct 05, 2017 09:59 AM #15
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Joan Cox ~ hi Joan... Indian Trail is still one of the more affordable options in our metro area, so homes go quickly as a result

Oct 05, 2017 10:00 AM #16
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Thanks, Gabe Sanders -- and thanks for popping by and taking time to leave a comment.

Oct 05, 2017 10:01 AM #17
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lise Howe ~ hi Lise... thanks for stopping by. My vacation is almost over... I'm both sad and happy about it at the same time.

Oct 05, 2017 10:01 AM #18
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Grant Schneider ~ hi Grant... the growth story in Charlotte is extraordinary over the past 25 years.

Oct 05, 2017 10:02 AM #19
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gita Bantwal ~ hi Gita... thanks as always for stopping by and taking time to leave a comment.

Oct 05, 2017 10:03 AM #20
Ambassador
3,206,022
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina this would be a price range that would be in demand around here, and from the data it is where you are as well.

Oct 05, 2017 03:20 PM #21
Rainmaker
1,973,876
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

George Souto ~ hi George... the problem is that increasingly it's harder and harder to find anything in this price range in our area. Indian Trail is one of the few immediate suburbs left where you can do so.

Oct 05, 2017 10:22 PM #22
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