What Happened In The Matthews, NC Housing Market In February 2017

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Matthews, NC Housing Market Update

 

February 2017 home sales in Matthews, North Carolina (28105 zip code) continued the new 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 5.2% to just under $263,000 as compared with  the same period one year ago. 

 

Average days on market for property listings dropped by 11 days to 31 days from 40 days just one year ago--a 22.5% improvement over the same period last year. Median days on market also dropped by 37.5% to 10 days in February 2017. 

 

Average price per square foot increased by 7.6% to $113/square foot in February 2017 versus the same period in 2016. Pending sales decreased slightly by 0.4% in February versus the same month last year, more than likely due in great part to the lack of inventory. February closed sales  increased 4.7%.

 

During February 2017, the number of showings until pending contract per listing averaged 21 showings and the number of showings per listing averaged 8.4 showings (a 7.7% 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 98.5%, showing virtually no negotiating room for homes in Matthews, North Carolina.

 

New listings increased a scant 1.4% versus February 2016. Matthew area's months supply of homes stood at 2.2 months overall (down 12.0% versus February 2016). 

 

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 a strong pace of sales in 2017 will be to have homes to sell.

 

 

Matthews Local Market Update - February 2017

 

 

 

 

 

 

 

 

 

SEARCH ALL MATTHEWS AREA HOMES FOR SALE

 

WONDERING WHAT YOUR MATTHEWS HOME IS WORTH?

  

 

PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES

 

Matthews Housing Market Update: September 2016

Matthews Housing Market Update: October 2016

Matthews Housing Market Update: November 2016

Matthews Housing Market Update: December 2016

Matthews Housing Market Update: January 2017

 

 

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 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, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
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 

2007 - 2019 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
3,127,992
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Wow! You packed a ton of great information in that post!

Mar 04, 2017 07:32 AM #1
Ambassador
3,985,118
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina

It's clear the Matthews housing market is a competitive one, and this should help buyers understand what they are up against. Hopefully any serious buyers will be in touch with you to better understand what all this means, and to get your expert guidance for their purchase.

Jeff

Mar 04, 2017 07:43 AM #2
Rainmaker
3,163,037
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina Hollander,  Love you update key, but I told you that beforee.  Good report as always.

 

Mar 04, 2017 08:36 AM #3
Rainmaker
2,189,769
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

This looks like a great market in Matthews to be a listing agent, Nina, but it's also not so out-of-whack that a buyer could not buy a home. Like Jeff, says, hopefully buyers will contact you to help them to navigate the home buying experience.

Mar 04, 2017 09:06 AM #4
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kristin Johnston - REALTOR® ~ hi Kristin... I'm of the school of thought that if I'm going to do a report, it might as well be comprehensive!

Mar 04, 2017 10:32 AM #5
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler ~ hi Jeff... Matthews was always the "affordable" town to go to next to Charlotte if you couldn't manage south Charlotte prices. Now, not so much anymore.

Mar 04, 2017 10:32 AM #6
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ hi there Will... thanks and thanks. Hope you are enjoying your weekend!

Mar 04, 2017 10:33 AM #7
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth... Matthews is not yet "out of whack" but it's hard to find homes to buy. And the longer this goes on, the less affordable this town gets.

Mar 04, 2017 10:34 AM #8
Rainmaker
3,163,037
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I always enjoy the times I see your picture next to a comment of mine.

 

Mar 04, 2017 10:50 AM #9
Rainmaker
1,302,648
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Hi Nina,

Awesome Market Report!  I really love the graphs! So easy to read.

Mar 04, 2017 12:02 PM #10
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne and Jean Marie Zuhl ~ hi Wayne and Jean Marie... thanks. As they say, that proverbial picture is always worth a thousand words!

Mar 04, 2017 01:30 PM #11
Rainmaker
2,993,603
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Very nice report Nina Hollander , have a good Saturday

Mar 04, 2017 01:31 PM #12
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ hi Scott... thank you and thank you! Trust you are having a good weekend yourself!

Mar 04, 2017 01:36 PM #13
Rainmaker
5,374,946
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Mar 05, 2017 05:09 AM #14
Rainmaker
3,087,688
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy... our market is moving very quickly and that fact takes many buyers by surprise.

Mar 05, 2017 05:15 AM #15
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