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

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Indian Trail, NC Housing Market Update September 2016

 

April 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 positive trends of the first quarter of 2017 with sale prices increasing, days on market substantially decreasing, available inventory decreasing, closed sales increasing.

 

The average sale price of Indian Trail area homes increased by 8.8% to just under $248,000 as compared with  the same period one year ago. 

 

Average days on market for property listings dropped by 7 days to 44 days from 51 days just one year ago--a 13.7% improvement over the same period last year. Median days on market also dropped by 34.8% to 15 days in April 2017. 

 

Average price per square foot increased by 8.2% to $106/square foot in April 2017 versus the same period in 2016. Pending sales decreased 5.1% in April versus the same month last year, while April closed sales  increased 8.4%. No doubt that the lack of inventory contributed to the decrease in pending sales in April 2017.

 

During April 2017, the number of showings until pending contract per listing averaged 17 showings (down 5.6% versus April 2016) and the number of showings per listing averaged 6.2 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 0.8% compared with last year at 98.4%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 7.7% versus April 2016 adding additional strain to a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.4 months overall (down 17.2% versus April 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 area. The underlying issue to maintaining the pace of 2016 and the first quarter of 2017 throughout the rest of this year, will be to have homes 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 - April 2017

 

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN TRAIL, 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: 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, 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 - 2018 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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Topic:
Real Estate Market Trends
Location:
North Carolina Union County Indian Trail
Groups:
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Market Reports
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2017 Market Trend Reports
Tags:
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stallings nc homes for sale
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indian trail nc housing market update april 2017
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7 hot indian trail neighborhoods

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Rainmaker
3,246,897
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Looking at the April 2017 real estate market report for Indian Trails North Carolina 28079 is in need homes to sell . . . . This would be a good time to your house in Indian Trails.

Good luck and success.

Lou Ludwig

May 03, 2017 05:58 PM #1
Ambassador
3,982,176
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is a very detailed report and positions you as an agent in the know. 

May 03, 2017 07:32 PM #2
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lou Ludwig ~ good morning, Lou. Needing homes to sell in Indian Trail may be the understatement of the month!

May 04, 2017 04:34 AM #3
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ good morning, Debbie. Thanks. As I always say, "knowledge is power." And I like "powerful" buyers and sellers.

May 04, 2017 04:35 AM #4
Rainmaker
1,977,950
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Good Morning, Nina Hollander - the strong survive in this type of Seller's Market. You continue to be a strong woman, best agent for the Seller's Market and you can flex your muscles and go with the flow of most any shift in the market. 

May 04, 2017 05:13 AM #5
Rainmaker
4,039,891
Joan Cox
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 looks like values are increasing nicely still!  

May 04, 2017 07:09 AM #6
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ good morning, Joan... Indian Land prices will keep increasing so long as we keep losing inventory here.

May 04, 2017 07:14 AM #7
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ good morning, Patricia... after more than 45 combined years in corporate finance and real estate, I've lived and survived through all kinds of markets. I'll survive this one, as well!

May 04, 2017 07:15 AM #8
Rainmaker
2,477,558
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks like things are going well in Indian Trail and I am sure everyone appreciates that you keep them fully updated!

May 04, 2017 09:16 AM #9
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian, Indian Trail is really hot these days... people are surprised to find out how hard it is to find a home there.

May 04, 2017 01:47 PM #10
Rainmaker
5,306,290
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

May 04, 2017 05:15 PM #11
Rainmaker
3,012,353
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ good morning, Roy. Thanks, as always for popping by. Have a wonderful day.

May 05, 2017 04:40 AM #12
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Rainmaker
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Nina Hollander

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