What Happened In The Indian Trail, NC Housing Market In November 2017?

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC
http://actvra.in/58Dm

Indian Trail, NC Housing Market Update September 2016

 

November 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 decreasing due to the continuing lack of inventory.

 

The average sale price of Indian Trail area homes increased by 2.2% to just over $252,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 4 days to 40 days from 44 days just one year ago--an 9.1% improvement over the same period last year. Median days on market also dropped by 26.7% to 11 days in November 2017. 

 

Average price per square foot increased by 5.8% to $110/square foot in November 2017 versus the same period in 2016. Pending sales decreased 8.2% in November versus the same month last year, while November closed sales  decreased by 8.1%. No doubt the lack of inventory contributed to the decrease in pending and closed sales in November 2017.

 

During November 2017, the number of showings until pending contract per listing averaged 16 showings (down 15.8% versus November 2016) and the number of showings per listing averaged 7.9 showings (up 2.6% versus the same time frame 2017, giving credence to continue buyer demand for homes).  Given the reduced number of available homes for sale, it's not surprising that homes for sale receive 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 10.8% versus November 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 11.5% versus November 2016). 

 

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. And this would not appear poised for change as we enter the last month of 2017.

 

 

Indian Trail/Stallings Local Housing Market Update - November 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: October 2017

Indian Trail Housing Market Update: September 2017

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

 

 

 

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'd 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

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Search Charlotte Real Estate

 

 

 

 

 

How Much Is Your Home Worth

 

 

 

 

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina Union County Indian Trail
Groups:
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
Union County NC Real Estate
2017 Market Trend Reports
City and State Community & Marketing Reports
Tags:
indian trail nc homes for sale
stallings nc homes for sale
indian trail nc housing market update
homes for sale in 28079 zip code
indian trail nc housing market update november 2017

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,373,176
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for sharing the market update for Indian Trail North Carolina - Looks like a strong market! I hope it comes up to the Maryland area! 

Dec 05, 2017 05:37 AM #3
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lise Howe ~ good morning, Lise. Our entire area is quite strong, especially in the under $300K price point. I would have thought that your area is quite strong just because of the proximity of DC.

Dec 05, 2017 05:39 AM #4
Rainmaker
1,373,176
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Nina Hollander - DC is strong - but further out is shifting because the buyers want to be inside the Beltway - the millenials are affecting values here - the big homes on two acres just aren't moving - and sellers need to internalize that! 

Dec 05, 2017 05:41 AM #5
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lise Howe ~ hi Lise... funny that you say the homes on larger lots aren't moving... they seem to be a bit slow here, too. People don't want the upkeep.

Dec 05, 2017 05:44 AM #6
Rainmaker
2,449,625
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I really like your graphs Nina Hollander. Here buyers are asking for larger lots but do not want to go as far out as in the past. But most do not want to be "too close" to the center of the city. Have a good day

Dec 05, 2017 06:11 AM #7
Rainmaker
1,729,167
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think I would like the Indian Trail area, but Indian Land is still my favorite for some reason, haha.

Dec 05, 2017 06:14 AM #8
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Brian England ~ hi Brian... I'd take Indian Land over Indian Trail myself... taxes much lower and on the border of smokin' hot Ballantyne area!

Dec 05, 2017 06:17 AM #9
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Scott Godzyk ~ hi Scott... more and more people here want to be closer to City Center... problem is... they can't afford it!

Dec 05, 2017 06:18 AM #10
Rainmaker
3,227,041
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, read an article yesterday and Charlotte was in the top 3 fastest growing cities now.    Denver is finally out of the top ten, but now Colorado Springs is in.

Dec 05, 2017 06:48 AM #11
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Joan Cox ~ hi Joan... and I saw something yesterday that said people are leaving Colorado... need to find it in the morass of emails in my inbox to send to you.

Dec 05, 2017 07:34 AM #12
Rainmaker
2,367,703
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hey Nina, send that to me also please.  Great report in Indian Trails area for your buyers and sellers.

 

Dec 05, 2017 07:54 AM #13
Rainmaker
1,311,040
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, I hope you'll see an increase in the inventory after the holidays. There's no slowing in the real estate market for NC. 

Dec 05, 2017 08:11 AM #14
Ambassador
3,302,390
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina every market seems to have its challenges that is why it is a must in my book for Buyers and Sellers to be represented by a professional, knowledgeable  Realtor like you.

Dec 05, 2017 11:23 AM #15
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

 Will Hamm ~ thanks, Will... but not sure what you are asking me to send you... clarify please!

 

Dec 05, 2017 04:02 PM #16
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Beth Atalay ~ hi Beth... at the moment I'm not expecting any inventory increases in our market... we are into our third year of thinventory here.

Dec 05, 2017 04:02 PM #17
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

George Souto ~ thanks, George... you make a good point, regardless of how strong or weak a market is, it will have its challenges.

Dec 05, 2017 04:03 PM #18
Ambassador
2,518,537
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I always enjoy reviewing the Indian Trail North Carolina housing market the way you see it Nina Hollander 

Dec 05, 2017 11:17 PM #19
Rainmaker
3,710,251
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 

Dec 06, 2017 02:39 AM #20
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Paul S. Henderson, REALTOR®,CRS, ~ thanks, Paul. I believe numbers alone are meaningless to the public... we need to interpret them a bit. Unfortunately, my "message" has been pretty much the same for a while... seller's market, low invebtory, higher home prices.

Dec 06, 2017 04:23 AM #21
Rainmaker
2,104,506
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gita Bantwal ~ thanks Gita... trust your day has gotten off to a great start.

Dec 06, 2017 04:24 AM #22
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,104,506

Nina Hollander

Your Charlotte/Waxhaw/Fort Mill Area Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information