Indian Trail, NC (28079 Zip Code) Housing Market Update/Video-Aug 2018

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Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

August 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 many of the trends we've seen since 2017 and all this year-to-date with closed sales just holding on, days on market decreasing, available inventory decreasing and new listings decreasing.

 

 

 

The average sale price of Indian Trail area homes was just under $265,000 and median sale price was $260,000.

 

Average days on market for property listings dropped by 5 days  to 26 days--a 16.1% improvement over the same period last year. Median days on market were also low at just 13 days. In other words, homes in the Indian Trail area are selling quickly.

 

Average price per square foot increased by 9% to $121/square foot in August 2018 versus the same period in 2017. Pending sales were up significantly by 23.4% in August versus the same month last year, while August closed sales increased marginally by 1.1%. No doubt the lack of inventory which dropped 1.6% year-over-year and which was only 2.6 months, contributed to the continued lackluster closed sales in August 2018.

 

The median percent of original list price that sellers received for their homes was 98.6%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased a scant 4.4% in August 2018 putting strain on a high demand market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.6 months (down 3.7% versus August 2017). 

 

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 end our summer selling season and look forward towards the fall.

 

 

 FIND OUT WHY PEOPLE LOVE TO LIVE IN INDIAN TRAIL, NC

 

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: July 2018

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

 

  

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-august-2018/ 

 

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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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Topic:
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Tags:
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indian trail nc housing market update and video august 2018

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Rainmaker
2,348,233
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I always enjoy the Indian Trail report, especially since it is a sign that the Indian Land report is right around the corner!

Sep 07, 2018 10:19 AM #1
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England you are too funny, Brian... and you know me so well! But you're correct... Indian Land report not too far behind!

Sep 07, 2018 10:46 AM #2
Rainmaker
4,190,384
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am laughing Brian England 's comment.  As always you have done a great job with this report.  A

Sep 07, 2018 12:05 PM #3
Ambassador
3,981,148
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Wow, a 9% increase in just one year. Sellers have to be extremely happy with those numbers, Nina. Have a great weekend.

Sep 07, 2018 01:12 PM #4
Rainmaker
4,429,973
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 

Sep 07, 2018 03:32 PM #5
Ambassador
2,975,439
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Now that is another example  why you are regarded so highly by  both your clients and other agents Nina ...

Sep 07, 2018 06:49 PM #6
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra, for some reason, Brian England has gotten "attached" to our Indian Land area so we always kid each other about his waiting breathlessly for news on Indian Land.

Sep 08, 2018 03:28 AM #7
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds good morning, Debbie... indeed, sellers are happy in Indian Trail, buyers not so much. Agents not so much because sellers are hanging on to their homes!

Sep 08, 2018 03:28 AM #8
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal thanks, Gita, and good morning. Wishing you a lovely weekend to come.

Sep 08, 2018 03:29 AM #9
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS,  thanks, Paul... your compliments are making me blush... luckily I look good in pink!  Wishing you a wonderful weekend.

Sep 08, 2018 03:30 AM #10
Rainmaker
3,957,560
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, excellent market update for Indian Trail, and nice use of video to relay this data.   Those looking to relocate will enjoy your expertise.

Sep 08, 2018 06:01 AM #11
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan... I actually wonder sometimes if people actually look at the videos.

Sep 08, 2018 06:37 AM #12
Rainmaker
2,894,062
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Nina Hollander , I love the addition of video, good job

Sep 08, 2018 07:22 AM #13
Rainmaker
2,856,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk thanks, Scott. Meantime, wishing you a wonderful and productive weekend!

Sep 08, 2018 07:56 AM #14
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