What Happened In Indian Trail, NC's Housing Market In June 2017?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Indian Trail, NC Housing Market Update September 2016

 

June 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 we've seen since the year started with sale prices increasing, days on market substantially decreasing, available inventory decreasing. Closed and pending sales barely hanging on due to lack of inventory.

 

The average sale price of Indian Trail area homes increased by 6.7% to just under $249,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 5 days to 43 days from 48 days just one year ago--a 10.4% improvement over the same period last year. Median days on market also dropped by 31.6% to 13 days in June 2017. 

 

Average price per square foot increased by 7.0% to $107/square foot in June 2017 versus the same period in 2016. Pending sales increased slightly by 1.3% in June versus the same month last year, while June closed sales barely increased by 0.4%. No doubt that the lack of inventory contributed to the anemic increase in pending sales in June 2017 as well as the relatively low increase in closed sales during June.

 

During June 2017, the number of showings until pending contract per listing averaged 17 showings (down 15.0% versus June 2016) and the number of showings per listing averaged 7.8 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 0.6% compared with last year at 98.5%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 3.2% versus June 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 14.3% versus June 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 half of 2017 throughout the second half 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 - June 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: 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 experts and Indian Trail 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, 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:
Charlotte NC Real Estate
Market Reports
Union County NC Real Estate
2017 Market Trend Reports
Tags:
indian trail nc real estate
indian trail nc homes for sale
stallings nc homes for sale
indian trail nc housing market update
stallings and lake park nc real estate
indian trail nc housing market update june 2017

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Rainmaker
4,796,627
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 the update for the Indian Trail area real estate market.

Jul 10, 2017 04:36 AM #1
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ thanks, Gabe, for popping by and being the first to comment on this post! Wish I had a prize to award you for being first!

Jul 10, 2017 05:30 AM #2
Rainmaker
4,041,863
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Indian Trail's real estate market looks to be very good.  Days on market are low, and home values are increasing nicely!  Great report.

Jul 10, 2017 05:44 AM #3
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox  ~ hi Joan, Indian Trail area is one of the few more "affordable" areas left close to Charlotte... but thinventory is starting to impace closed and pending sales now.

Jul 10, 2017 06:31 AM #4
Rainmaker
3,106,078
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina Hollander, Nina, you have the best reports here in the rain all the time.  Thanks for the update.

Jul 10, 2017 06:47 AM #5
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ good morning, Will... aren't you  nice to say so... and since you have... you can look forward to a few more in the days to come.

Jul 10, 2017 06:55 AM #6
Rainmaker
2,483,281
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a nice summary of what is happening in Indian Trail.  I hope that your weekend was enjoyed my dear friend!

Jul 10, 2017 08:08 AM #7
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ thank you, Brian... and I know you are breathlessly awaiting Indian Land's report which we be out any day now! 

Jul 10, 2017 12:03 PM #8
Rainmaker
2,959,935
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Always nice to read positive news Nina Hollander, Have a good Monday 

Jul 10, 2017 01:35 PM #9
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ hi Scott... right now I'm sitting here wondering where my Monday disappeard to! It's like I blinked and the day was gone.

Jul 10, 2017 01:38 PM #10
Rainmaker
1,285,871
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Nina Hollander ~ wow.... You just keep getting better and better, your market report is exactly what buyers and sellers need, and I'm sure you are the one they need to call for any and all RE needs

Jul 10, 2017 02:31 PM #11
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jon Kolsky ~ hi Jon... the problem is that this "great" market is pricing buyers under $250K out of the market and causing a slowdown in closed sales.

Jul 10, 2017 02:32 PM #12
Rainmaker
5,313,531
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jul 10, 2017 02:50 PM #13
Rainmaker
3,019,627
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ hi Roy... thanks. Trust your week has gotten off to a great start. Hotter than hades at my end.

Jul 10, 2017 03:05 PM #14
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Rainmaker
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Nina Hollander

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