Indian Trail (28079 Zip Code) Housing Market Update/Video: May 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Indian Trail/28079 Zip Code Housing Market Update & Video: May 2018

 

May 2018 home sales in the Indian Trail, North Carolina area (28079 zip code), which also includes the Towns of Stallings, Hemby Bridge, and Lake Park in Union County, continued the trends we saw throughout 2017 and this year-to-date with sale prices increasing, days on market decreasing, available inventory and new listings decreasing, putting a strain on closed sales.

 

 

 

 

The average sale price of Indian Trail area homes increased by 5.3% to just over $263,000 as compared with the same period one year ago. Median home sale prices also increased by 6.3%.

 

Average days on market for property listings dropped by 8 days to 35 days from 44 days just one year ago--an 18.6% improvement over the same period last year. Median days on market also dropped by 23.6% to 10 days in May 2018. 

 

Average price per square foot increased by 6.5% to $114/square foot in May 2018 versus the same period in 2017. Pending sales were essentially flat, down by 0.1% in May versus the same month last year, while May closed sales  decreased by 7.0%. No doubt the lack of inventory, which was only 2.3 months, contributed to the lackluster pending and closed sales in May 2018.

 

During May 2018, the number of showings until pending contract per listing averaged 12 showings and the number of showings per listing averaged 7.7 showings.  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  98.5%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 4.2% May 2018 adding additional strain to a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.3 months (down 8.0% versus May 2017). Overall, housing inventory was down 10.8% in May 2018 compared with the same month one year ago.

 

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 height of our spring selling season.

 

 

SEARCH ALL INDIAN TRAIL AREA, NORTH CAROLINA HOMES HERE

 

 

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WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

 

 

Instant Home Value Report from Nina Hollander, ReMax

 

  

 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market Update: April 2018

Indian Trail Housing Market Update: March 2018

Indian Trail Housing Market Update: February 2018

Indian Trail Housing Market Upate: January 2018

Indian Trail Housing Market Update: December 2017

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 

 

   

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 residential experts and Indian Trail specialists.

 

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, CRS, 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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Ambassador
1,706,218
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, Nina. Hope you're having a great weekend. It appears as if the Indian Trail housing market is hopping.  Buyers and sellers would be wise to call you for guidance in navigating this sellers market. 

Jun 10, 2018 06:01 AM #2
Rainmaker
2,849,443
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Nina Hollander , happy to read your market continues to be hot

Jun 10, 2018 06:06 AM #3
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ hi Wayne... the market is sizzling... but the lack of inventory is very much putting a strain on closed sales.

Jun 10, 2018 06:06 AM #4
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD good moring, Debb...indeed this part of the Charlotte metro area is hopping. Great for sellers with higher home prices, less so for entry level buyers who used to flock to Indian Trail because of lower home prices.

Jun 10, 2018 06:07 AM #5
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ hi Scott... our markets continue to labor under the stain of lack of inventory to sell.

Jun 10, 2018 06:08 AM #6
Rainmaker
3,881,005
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 know you are the expert to call when buyers or sellers are ready to make a move.

Jun 10, 2018 06:49 AM #7
Rainmaker
3,025,757
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

Nina, With sales prices increasing and days on the market decreasing, Indian Trial is perfect for sellers to get listed now and sold!

Jun 10, 2018 06:58 AM #8
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. I find doing market reports very helpful in solidifying my own knowledge of local markets.

Jun 10, 2018 06:59 AM #9
Rainmaker
2,770,641
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... sellers are holding back from listing because of well-founded fears that they won't find something to buy as quickly as they can sell.

Jun 10, 2018 07:00 AM #10
Rainmaker
3,881,005
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That is exactly how I feel about market reports too Nina!

Jun 10, 2018 07:01 AM #11
Rainmaker
5,018,575
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jun 10, 2018 07:10 AM #12
Rainmaker
4,095,530
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another great report on the Indian Trail Zip Code!  Wishing you a delightful Sunday.  A

Jun 10, 2018 07:18 AM #13
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ thanks, Alexandra... and wishing you and Ron a lovely Sunday, as well.

Jun 10, 2018 07:46 AM #14
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, for stopping by... sending you wishes for a truly nice Sunday.

Jun 10, 2018 07:46 AM #15
Rainmaker
2,271,223
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I very much enjoy your report on Indian Trail, but it also signifies to me that your report on Indian Land is right around the corner!

Jun 10, 2018 09:55 AM #16
Rainmaker
140,250
Khash Saghafi
Liberty Home Mortgage Corporation - Cleveland, OH
Mortgage Loan Officer, Cleveland Ohio

Being a numbers guy Nina, I love the data!! Thank you for sharing!!

Jun 10, 2018 01:51 PM #17
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... now how did you ever guess?  Indeed, Indian Land is not far behind! 

Jun 10, 2018 03:28 PM #18
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Khash Saghafi ~ hi Khash... I refer to myself as a numbers geek. Too many people just don't understand that numbers can tell interesting stories.

Jun 10, 2018 03:28 PM #19
Rainmaker
4,691,728
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 keeping us informed about the real estate market in Indian Trail NC.

Jun 13, 2018 05:39 AM #20
Rainmaker
2,770,641
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Gabe... and here you are again and here I am again thanking you for stopping by! 

Jun 13, 2018 06:58 AM #21
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