This Month In Real Estate: Indian Trail, NC (28079 Zip Code) Sept 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

September 2018 home sales in the Indian Trail, North Carolina area (28079 zip code), which 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 pending and closed sales suffering due to lack of affordable inventory, new listings decreasing, and home prices increasing.

 

 

 

The average sale price of Indian Trail area homes was just under $262,000, increasing by 1.6%, while the median sale price was just over $249,000, increasing by 2%, year-over-year.

 

Average days on market for property listings were 38 days--up 12 days over the same period last year. Median days on market were 19 days. On the whole, despite an increase in days on market, homes in the Indian Trail area sold quickly in September.

 

Average price per square foot increased by 8.9% to $122/square foot in September 2018 versus the same period one year ago. Pending sales were up down 12.3% in September versus the same month last year, while September closed sales decreased 26.4%. No doubt the lack of inventory which was only 2.6 months, contributed to the lackluster closed sales in September 2018.

 

The median percent of original list price that sellers received for their homes was 98.3%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

New listings decreased 11.8% in September 2018 putting strain on a market hungry for more inventory. Indian Trail area's months supply of homes stood at 2.6 months (flat versus September 2017).

 

It continues to be a seller's market in the 28079 zip code and a competitive environment for home buyers in the Indian Trail area. This would not appear poised for change as we look forward towards the fall selling season.

 

 

 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?

 

 

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 PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market Update: Augut 2018

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

 

   

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 with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Indian Trail specialists. We've been opening doors for Indian Trail area home buyers and sellers for 20 years.

 

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."

 

 

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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 - 2019 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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Rainmaker
1,502,005
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, valuable information on the Indian Trail real estate market.  Knowledge is power. Your seller and buyer clients are in great hands with you.

Oct 04, 2018 07:19 AM #5
Rainmaker
1,622,196
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Nina Hollander I imagine the market will even get tighter with people looking for homes that were displaced by the hurricane.

Oct 04, 2018 07:43 AM #6
Rainmaker
2,583,191
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks like more listings are needed in Indian Trail.  This also signifies to me that a report I look forward to is right around the corner, haha.

Oct 04, 2018 07:43 AM #7
Rainmaker
1,945,232
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - you have a hot market for homes but that is driven too by your robust economy.

Oct 04, 2018 09:44 AM #8
Rainmaker
4,492,562
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

This is another one of your extensive reports on the Indian Trail market.  As usual well done.  A

Oct 04, 2018 01:56 PM #9
Ambassador
3,823,247
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina both Sellers and Buyers markets have drawbacks.  Hopefully you guys will start to move more towards a balance market.

Oct 04, 2018 02:44 PM #10
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin good morning, Wayne... I am very ready for a somewhat more balanced market. Yes, prices are going up because of lack of inventory, but sales are also hurting as buyers are priced out of the market.

Oct 04, 2018 10:22 PM #11
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto good morning, George... I'm so with you on this... a market tipping in either extreme ends ups being much more difficult than a balanced one.

Oct 04, 2018 10:23 PM #12
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel good morning, Alexandra... thanks much. I'm very much of the school of thought that if you're going to do something, you need to do it thoroughly and correctly!

Oct 04, 2018 10:24 PM #13
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... you make a good point. Our healthy economy in the Charlotte region is by no means hurting out housing market, but I hope to see a bit of balance sooner rather than later as many entry level buyers are getting priced out. And I like to think that all people who qualify should be able to buy their own home.

Oct 04, 2018 10:26 PM #14
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England good morning, Brian... you are right on both counts in your comment!

Oct 04, 2018 10:26 PM #15
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm hi Bob... that's really hard to say... I haven't heard much yet about any great influx of people into the area as a result of Florence.

Oct 04, 2018 10:27 PM #16
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay thanks, Beth. Knowledge is power and yet I run across too many people who think they can make important decisions in a bit of a vacuum. 

Oct 04, 2018 10:29 PM #17
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox good morning, Joan... while it's nice for homeowners and sellers in Indian Trail to realize appreciation, it's also slowing down sales in a market that typically attracts a more "budget conscious" buyer.

Oct 04, 2018 10:30 PM #18
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, good morning, Paul... so what did you see that was different in my market report? I use the same template month after month for each area that I monitor and report on? Curious minds want to know!

Oct 04, 2018 10:32 PM #19
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe thanks, Lise... always happy to serve as an "inspiration."  It seems sometimes as if the time of the month to do these reports rolls around more quickly with each month!

Oct 04, 2018 10:33 PM #20
Rainmaker
1,236,965
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Your clients who are looking in Indian Trail NC, should seek out your expertise for all their real estate needs. You are the Pro!

Oct 05, 2018 04:15 AM #21
Rainmaker
3,268,931
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Florence may have kept some people "at bay" when considering a move to this area.

Oct 05, 2018 07:31 AM #22
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... thanks. I like to think I'm a good resource for Indian Trail, as I've been selling there since the area was first being developed.

Oct 05, 2018 10:07 PM #23
Rainmaker
3,135,087
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson hi Sally and David... Florence may have given those people thinking about moving to eastern NC pause for thought, but here in the Piedmont we had very little impact from Florence except for some heavy rain. And with all the jobs moving to the Charlotte region, people continue to move. Our problem is not people hesitating to move here... it's finding enough homes for them to live in.

Oct 05, 2018 10:09 PM #24
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