Market Report Zip Code 28104 | JULY 2018
Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales, with diminishing days-on-the-market and increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000 residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.
Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions. Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,044 acres and only 27 of the 11,044 acres is zoned for commercial use. Weddington currently has a population of 11,420.
With mostly single-family homes on lots of one acre or more, Weddington has few condos or townhomes at all. The Weddington Town Hall is located in one of the commercial areas in an old historic home. The real estate market in the 28104 zip code remains strong - a sellers' market indeed!
Below are interactive graphs which share the current market's standing for this zip code as well as historical data.
Days on the market - 49
Average List-to-Sales Price - 97.2%
Average Sales Price - $396,349
Months Supply of homes in zip code 28104 is also down to 3.4 months, a healthy sellers' market.
Inventory of Homes is also down 9% year-over-year with only 215 homes available in the entire zip code!
There are currently 793 home sales pending in the Weddington/Matthews area, up 4% from the previous month.
Zip code 28104 is in a sellers' market currently so, if you're thinking of selling, now is the time with inventory as low as it is. Let us know if you're thinking of listing your Weddington home for sale.
We'd love the opportunity to meet with you. If you're thinking of buying, this is obviously a hot spot in the Charlotte Metro region so, check out zip code 28104. School rankings have also just been released and the numbers are quite impressive for the Weddington School zone!
©Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Market Report Zip Code 28104 | JULY 2018
Originally posted at https://www.icharlotterealestate.com/market-report-zip-code-28104-july-2018/