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

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Indian Trail, NC Housing Market Update September 2016

 

December 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 2.5% to just under $254,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped by 8 days to 37 days from 45 days just one year ago--an 17.8% improvement over the same period last year. Median days on market also dropped by 26.7% to 11 days in December 2017. 

 

Average price per square foot increased by 4.8% to $110/square foot in December 2017 versus the same period in 2016. Pending sales decreased 9.6% in December versus the same month last year, while December closed sales  decreased by 10.2%. No doubt the lack of inventory, which was only 2.4 months, contributed to the decrease in pending and closed sales in December 2017.

 

During December 2017, the number of showings until pending contract per listing averaged 16 showings (down 15.8% versus December 2016) and the number of showings per listing averaged 7.9 showings (up 2.6% versus the same time frame in 2016, 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 7.6% versus December 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 (down 7.7% versus December 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 area. And this would not appear poised for change as we enter the new year.

 

 

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

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 

 

  

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, 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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2017 Market Trend Reports
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Rainmaker
700,006
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Good morning Nina..... Thank you!!

Jan 04, 2018 06:11 AM #15
Rainmaker
2,704,514
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great market report Nina Hollander that's a strong seller's market in Indian Trail, NC.

Jan 04, 2018 06:38 AM #16
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lisa Von Domek ~ hi Lisa... within 40 miles of Charlotte, I think all of our markets are pretty much seller markets right now.

Jan 04, 2018 06:49 AM #17
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Richard Bazinet /MBA, CRS, ABR ~ good morning to you, Richard... and you are most welcome! Have a super day.

Jan 04, 2018 06:50 AM #18
Rainmaker
3,141,932
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

That's interesting that you include the showing stats for the Indian Trail market. Seller should be calling you, and their homes will be SOLD!

Jan 04, 2018 06:55 AM #19
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ hi Sheila and Larry... I find the showing stats useful for sellers who sometimes wonder if their showings are sub-par (usually not). As for calling me, I wish a few would.. but no one is selling!

Jan 04, 2018 06:57 AM #20
Ambassador
3,761,935
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina it looks like even the unusually cold weather is not slowing down your housing ma

Jan 04, 2018 07:29 AM #21
Rainmaker
4,041,547
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 looks just as HOT as Waxhaw and Charlotte, and see no end in sight!  

Jan 04, 2018 07:31 AM #22
Rainmaker
2,480,381
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Yay, Indian Trail, this is a sign to me that an update on Indian Land will soon follow!

Jan 04, 2018 07:52 AM #23
Rainmaker
5,310,020
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is great information to share with families moving to the area.

Jan 04, 2018 09:27 AM #24
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Trust you are living through the storm without too many problems today.

Jan 04, 2018 12:33 PM #25
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... yes, indeedy! Indian Land update in a couple of days for sure.

Jan 04, 2018 12:34 PM #26
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ hi Joan... very few areas left this close to Charlotte City with reasonably priced housing... but the strain of thinventory is definitely impacting the 28079 zip code.

Jan 04, 2018 12:35 PM #27
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George... well, December wasn't too bad in terms of weather. It's only been the last few days and I think by this time next week we'll be back in warmer temps.

Jan 04, 2018 12:36 PM #28
Rainmaker
1,493,794
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander , hot market, especially for December. I suspect not too many buyers will be previewing homes this week but I see it's warming up after Monday.

Jan 04, 2018 06:42 PM #29
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay ~ hi Beth... it is a strong market. All my listings went under contract by Christmas so I don't have a great sense of traffic these first few days of January. But I will be showing property on Saturday afternoon despite the cold.

Jan 05, 2018 03:30 AM #30
Rainmaker
2,704,514
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

That makes sellers very happy Nina Hollander and I have the same here in my market!

Jan 05, 2018 04:10 AM #31
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lisa Von Domek ~ hi Lisa... I'm sure that we have quite a few similarities between our two markets even though your area is so much larger than ours.

Jan 05, 2018 04:21 AM #32
Rainmaker
4,432,093
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 

Jan 05, 2018 04:59 AM #33
Rainmaker
3,016,217
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ good morning, Gita... and thank you. Wishing you a fabulous Friday!

Jan 05, 2018 05:22 AM #34
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