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

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Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

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

 

July 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 decreasing, putting a strain on pending and closed sales.

 

 

 

 

 

The average sale price of Indian Trail area homes increased by 5.9% to just over $266,000 as compared with the same period one year ago. Median home sale prices also increased by 4.7%.

 

Average days on market for property listings dropped  to 36 days--an 14.3% improvement over the same period last year. Median days on market also dropped by 23.1% to 10 days in July 2018. 

 

Average price per square foot increased by 7.4% to $116/square foot in July 2018 versus the same period in 2017. Pending sales were down 2.7% in July versus the same month last year, while July closed sales  decreased 4.1%. No doubt the lack of inventory which dropped 8.1% year-over-year and which was only 2.3 months, contributed to the continued lackluster pending and closed sales in July 2018.

 

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

 

New listings increased a scant 0.8% in July 2018 minimally helping 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 July 2017). Overall, housing inventory was down 8.1% in July 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 look towards the end of our summer selling season in the coming month.

 

 

SEARCH ALL INDIAN TRAIL AREA, NORTH CAROLINA HOMES HERE

 

 

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WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

 

 

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 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market Update: June 2018

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

 

  

This Charlotte, North Carolina real estate monthly update for Indian Trail and Stallings, NC in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and Indian Trail specialists.

 

If you're 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."

 

 Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/indian-trail-nc-housing-market-update-july-2018/ 

 

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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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Tags:
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indian trail nc housing market update and video july 2018

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Rainmaker
1,690,724
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina - another great illustrative video of the Indian Trail market.

Aug 05, 2018 11:05 AM #1
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... thanks. All depends on whether you're a "reader" or a "watcher."

Aug 05, 2018 11:13 AM #2
Rainmaker
4,947,887
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local community reports.

Aug 05, 2018 11:38 AM #3
Rainmaker
3,816,892
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, nice market update for Indian Trail, and does not sound like this market is slowing down at all.

Aug 05, 2018 01:20 PM #4
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... I suppose it depends on the definition of "slowing down." When sales are down to me that's a slow down even though it's due to a high demand environment. What wouldn't I give for a more balanced market!

Aug 05, 2018 01:44 PM #5
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy. Trust you've enjoyed your weekend and are now looking forward to a great new week.

Aug 05, 2018 01:44 PM #6
Rainmaker
1,425,741
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nina, I really like your video. I know you and I have commented back and forth about it but, I'll say it again - NOW is the time to buy or sell. Waiting is not the right decision. For Indian Trail real estate needs you're the agent to contact, you do such a wonderful job for your clients.

Aug 05, 2018 02:13 PM #7
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson thanks, Amanda. Although our prices aren't runnning away with themselves in terms of double digit increases, every month it's a steady increase and lots of buyers are getting priced of the market slowly but surely.

Aug 05, 2018 02:48 PM #8
Rainmaker
1,490,721
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate the insight from a local expert. Have a great rest of the weekend!

Aug 05, 2018 03:21 PM #9
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeremy K. Frost thanks, Jeremy and thanks for popping by. Wishing you a great week ahead.

Aug 06, 2018 04:01 AM #10
Rainmaker
4,617,946
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.

Aug 06, 2018 05:42 AM #11
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders hi Gabe... as always, thanks for stopping by. Trust your week has gotten off to a great start.

Aug 06, 2018 09:19 AM #12
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Rainmaker
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