What Happened In The Matthews, NC Housing Market In December 2016

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

Matthews, NC Housing Market Update

December 2016 home sales in Matthews, North Carolina (28105 zip code) ended the year on a high note with sale prices increasing, days on market decreasing, available inventory tightening, pending and closed sales increasing.

 

The average sale price of Matthews homes increased by 6.3% to just under $262,000 as compared with  the same period one year ago. Average sale price is also up versus the most recent previous month, November 2016.

 

Average days on market for property listings dropped by 11 days to 31 days from 42 days just one year ago--a 26.2% improvement over the same period last year. Median days on market also dropped by 52.6% to 10 days in December 2016. 

 

Average price per square foot increased by 8.7% to $113/square foot in December 2016 versus the same period in 2015. Pending sales increased 3.1% in December versus the same month last year, while December closed sales  slightly increased 0.7%, no doubt mostly due to lack of inventory to sell.

 

During December 2016, the number of showings until pending contract per listing averaged 22 showings (up 10% versus December 2015) and the number of showings per listing averaged 8.7 showings (a 17.6% 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 1.0% compared with last year at 98.4%, showing virtually no negotiating room for homes in Matthews, North Carolina.

 

New listings increased a very anemic 0.9% versus December 2015, adding additional strain to a high demand market hungry for more inventory. Matthew area's months supply of homes stood at 2.1 months overall (down 22.2% versus December 2015). 

 

Without doubt, it continues to be a true seller's market in the 28105 zip code and a very competitive environment for home buyers in Matthews, North Carolina. The underlying issue to maintaining the pace of 2016 into 2017 will be to have homes to sell.

 

 

Matthews Local Market Update - December 2016

 

 

 

 

 

 

 

 

 SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

 WONDERING WHAT YOUR MATTHEWS HOME IS WORTH?

 

 

PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES

Matthews Housing Market Update: November 2016 

Matthews Housing Market Update : October 2016

Matthews Housing Market Update: September 2016

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and Matthews 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, MBA, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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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
2,693,375
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. Sounds like the market in Matthews is still the land of opportunity for the ambitious agent. Enjoy your day! 

Jan 03, 2017 05:14 AM #1
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... that's a very good way to put it... and also the land of opportunity for the serious buyer! Have a great day yourself.

Jan 03, 2017 05:17 AM #2
Rainmaker
1,549,391
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Nina - time for those sellers on the fence to list their home.

Jan 03, 2017 05:38 AM #3
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ good morning, Grant...it's a vicious cycle right now... sellers are hesitant because they can't find a new home to move into.

Jan 03, 2017 05:40 AM #4
Rainmaker
2,635,546
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander, as always you are the Realtor with the great figure,  Hahaha I mean for numbers in your area.

 

Jan 03, 2017 08:39 AM #5
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ hi Will... yeah, yeah, yeah! 

Jan 03, 2017 08:42 AM #6
Rainmaker
2,017,367
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

Hi Nina: I think it is interesting that your MLS allows you to track the number of showings until listing. Ours does not. We have access to our own lockboxes on the Supra website where we can track showings, but far as I know that information is not public.

Plus, how would you separate out the broker preview agents from the agents with buyers?

Looks like a solid upward moving market in Matthews, North Carolina, though. Nice seller's market. No crazy wild swings, and a good time to be a listing agent in Matthews!

Jan 03, 2017 08:49 AM #7
Ambassador
2,290,216
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Your market continues to be HOT HOT HOT.  Great market update with lots of helpful information.

Jan 03, 2017 08:49 AM #8
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Belinda Spillman ~ hi Belinda... thanks... maybe someone in my area will start listening and list .

Jan 03, 2017 09:11 AM #9
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth... those showings statistics come via Showing Time and then get massaged into these reports. I don't actually see all that many previews in our market, and they are identified as such in Showing Time. So I don't think they skew the numbers very much. With these, I'm generally looking for trends. I pull showing numbers out of Showing Time for my sellers... so if they think they aren't getting enough showings, but the rest of the area is having 30,40,50% fewer showings for comparable homes, it helps quiet them down.

Jan 03, 2017 09:14 AM #10
Rainmaker
2,017,367
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

I wish we had this system available to us in Sacramento. Although, right now the market is pretty strong, but I can certainly see where this would be beneficial in a slow market. In my market, if I put a home on the market Thursday night it better be sold by Monday morning or something is wrong, LOL.

Jan 03, 2017 10:07 AM #11
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ I found these showing statistics totally by accident in Showing Time's reporting system last year, but they've been very helpful. Our market is strong, but majority of homes are not selling in under a week.

Jan 03, 2017 11:05 AM #12
Rainer
254,697
Kim Gaston
FRONT PORCH TEAM REAL ESTATE & PROPERTY STYLING - Brokerage, Colorado Real Estate Advisers LLC - Colorado Springs, CO
Colorado Springs REALTOR®, CNE (719)661-6987

Nina Hollander so glad I clicked on your market report. I'm evaluating how best to present stats and can appreciate your comprehensive interpretation of Matthews' market. Best of luck to you in 2017!

Jan 03, 2017 11:11 AM #13
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kim Gaston ~ hi Kim... thanks. Everyone digests information differently, which is why I do a combination of charts and verbage. I also think it's important to point out what the numbers mean in a way that a person who isn't looking at numbers like this all the time, the way we do, can understand.

Jan 03, 2017 11:39 AM #14
Rainmaker
4,660,326
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

Jan 05, 2017 06:38 PM #15
Rainmaker
2,448,722
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ good morning, Roy. Thanks for stopping by. We're awaiting a snow storm here in Charlotte tonight and tomorrow. Are you in the path of that storm?

Jan 06, 2017 03:20 AM #16
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