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

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Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

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

 

June 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've seen since 2017 and all this year-to-date with sale prices increasing, days on market decreasing, available inventory and new listings decreasing, putting a strain on pending and closed sales.

 

 

 

 

The average sale price of Indian Trail area homes increased by 6.9% to just over $266,000 as compared with the same period one year ago. Median home sale prices also increased by 6.7%.

 

Average days on market for property listings dropped  to 35 days--an 18.6% improvement over the same period last year. Median days on market also dropped by 23.1% to 10 days in June 2018. 

 

Average price per square foot increased by 7.5% to $115/square foot in June 2018 versus the same period in 2017. Pending sales were down 4.1% in June versus the same month last year, while June closed sales  decreased 5.3%. No doubt the lack of inventory, which was only 2.3 months, contributed to the continued lackluster pending and closed sales in June 2018.

 

During June 2018, the number of showings until pending contract per listing averaged 16 showings (down 5.9%) 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  98.4%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 2.7% June 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 4.2% versus June 2017). Overall, housing inventory was down 9.4% in June 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: May 2018

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

 

  

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."

 

 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, MBA, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive
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 - 2017 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
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Nina

Great information here for buyers to understand the challenges they face in the market. We are seeing similar trends although inventory is moving up which is good news!

Jeff

Jul 07, 2018 07:56 AM #8
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Doug Dawes good morning, Doug... thank you. You've given me an idea actually to maybe send the videos to clients who live in the various parts of town for which I do market updates.

Jul 07, 2018 08:24 AM #9
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS hi Jeff... inventory increases that have any impact are but a pipe dream at my end still.

Jul 07, 2018 08:24 AM #10
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... same here... until you get over the half million mark, inventory is very, very tight.

Jul 07, 2018 08:25 AM #11
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Anthony Acosta - ALLATLANTACONDOS.COM hi Anthony... thanks for stopping by... wishing you a very nice weekend.

Jul 07, 2018 08:26 AM #12
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jim Crawford hi Jim... thank you. Appreciate your taking time to pop by and leave a comment. Have a wonderful weekend.

Jul 07, 2018 08:27 AM #13
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

It is interesting that your pending and solds are dropping, Nina. When I spot that kind of activity, I figure buyers are pushing back. Perhaps becoming very picky, harboring certain ideas of the type of home they will buy, and maybe there are fewer homes that fit that category? We have uptick in Sac in inventory but so much of it is crap. I see the market slightly shifting.

Jul 07, 2018 08:55 AM #14
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina - I see that there is no sign of increasing inventory yet.

Jul 07, 2018 09:39 AM #15
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents hi Elizabeth... in Indian Trail it's really lack of inventory that's dampening sales... it's a moderately priced area and you can't sell what you don't have.

Jul 07, 2018 10:12 AM #16
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... one could only wish for more inventory... but no signs yet that it will increse.

Jul 07, 2018 10:12 AM #17
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

This is another one of your great market reports with a video.  I wish you lots of inventory in the lower price ranges.  Eventually it will happen.  A

Jul 07, 2018 02:48 PM #18
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Nina,

interesting post and I see by your latest posts you have been doing some videos, right on ... ;o)

And inventory seems to be scant around the nation, lots of foreigners purchasing with cash because the USA is becoming once again the greatest country in the world and everyone wants a piece of it!

Jul 07, 2018 09:15 PM #19
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I look forward every day to see what fortunate city or town you will highlight each day Nina 

Jul 07, 2018 10:41 PM #20
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra. The problem now as I see it, unless the market totally tanks, the higher base prices we are seeing are not likely to roll back. So for entry level buyers, it will still be a tough haul.

Jul 08, 2018 04:52 AM #21
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... I only highlight about 7 of them regularly (the ones where I sell the most).

Jul 08, 2018 04:53 AM #22
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Robert Vegas Bob Swetz hi Bob... unfortunately, Charlotte is not quite (yet?) a city where foreignors invest big amounts of money. We have a large international community who live and work here, but we are not like NYC, SF, LA, Miami, Las Vegas, etc. I somehow doubt we ever will be.

Jul 08, 2018 04:55 AM #23
Rainmaker
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Joan Cox
Metro Brokers - 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 still looks like a great market you have.

Jul 08, 2018 05:17 AM #24
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... still suffering from thinventory at this end. And I suspect we won't see changes for the rest of the summer.

Jul 08, 2018 09:45 AM #25
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is very good information to share with families on the move.

Jul 08, 2018 10:54 AM #26
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thanks for stopping by... trust you have been enjoying your weekend. I feel as if I blinked and it was gone!

Jul 08, 2018 11:42 AM #27
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