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

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

 

Housing market information for Indian Trail, NC (28079 zip code), which includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County, updated for October 2018. Home sales in the Indian Trail area continued the trends we've seen since 2017 and all this year-to-date with sale prices increasing and availability of affordable inventory decreasing.


 

  • The average sale price of Indian Trail area homes increased by 7.1% to just over $266,000 as compared with the same period one year ago. Median home sale prices also increased by 9.4%.

  • Average days on market for property listings increased by 16 days to 54. 

  • Median days on market also increased by 11 days to 23 days in October 2018. 

  • Average price per square foot dropped by 5% to $115/square foot in October 2018 versus the same period in 2017.

  • Pending sales were down 16.9% in October 2018 versus the same month last year.

  • October closed sales increased 8.6% compared with one year ago.

  • Housing inventory was up 2.9% in October 2018 with 2.6 months supply of inventory (up 1/10 of one month).

  • New listings were down 11.7% compared with one year ago, more than likely impact the pending sales numbers in October 2018.

  • The median percent of original list price that sellers received for their homes was 98.1%, showing minimal negotiating room for Indian Trail/Stallings area homes.

 

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. And this would not appear poised for change as we look towards the end of the 2018 selling season in the coming two months.

 

SEARCH ALL INDIAN TRAIL AREA, NORTH CAROLINA HOMES HERE

 

 

 

WONDERING WHAT YOUR INDIAN TRAIL/STALLINGS HOME IS WORTH?

   

 

PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market Update: September 2018

Indian Trail Housing Market Update: August 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

 

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, Coldwell Banker Residential Brokerage, 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-october-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 - 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
1,944,342
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - at least the inventory is rising a little which is helpful for sales.

Nov 15, 2018 05:09 AM #5
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... the fundamental problem is that affordable inventory isn't increasing and that is still keeping sales lower than they otherwise might be.

Nov 15, 2018 05:22 AM #6
Rainmaker
3,268,745
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Mmmm...large increase in DOM....do you think it's "seasonal" ?

Nov 15, 2018 05:47 AM #7
Rainmaker
4,797,473
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 updated about the Indian Trail, NC real estate market.

 

Nov 15, 2018 05:57 AM #8
Rainmaker
2,581,961
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a well written market update for Indian Trail, we can always count on you for the best information!

Nov 15, 2018 06:30 AM #9
Rainmaker
4,107,206
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, looks like inventory is increasing finally, so hopefully alleviating the strain your market has endured.

Nov 15, 2018 07:52 AM #10
Rainmaker
4,491,482
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Nina (almost afternoon for you).  I enjoy looking at  market reports around the country.  It reaffirms that each market is unique and distinctively different when it comes to numbers and perception.  Happy Thursday.  A

Nov 15, 2018 08:03 AM #11
Rainmaker
5,425,106
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families moving to the area will love your local market reports.

Nov 15, 2018 10:31 AM #12
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy. As I've never once had a response to a single market report I do, I think I'm going to simplify the process considerably and post them to have them on-line, but not invest so much time in them.

Nov 15, 2018 11:16 AM #13
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... and that's so very true in the Charlotte area... we are actually made up of so many distinct areas, it's hard to generalize about the market as a whole.

Nov 15, 2018 11:17 AM #14
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... the increase in inventory is always good but infinitesimal for affordable houses, which is what is slowing down sales.

Nov 15, 2018 11:23 AM #15
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England thanks, Brian. I always say, if you're going to do it, do it right!

Nov 15, 2018 11:23 AM #16
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders hi Gabe... thanks... I'm somehow very behind this month on my market reports and it's stressing me out!

Nov 15, 2018 11:24 AM #17
Rainmaker
5,425,106
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

My practice on market reports was to also use them in my mass email marketing. 

Nov 15, 2018 11:25 AM #18
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson hi Sally... that increase in DOM with such inventory seems to be an anomoly. At this stage hard to say what caused it and I'll be watching carefully over the next couple of months.

Nov 15, 2018 11:25 AM #19
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy.... my areas where I sell are so fragmented it's not worth the time to do market reports for that kind of email marketing. My clients already receive regular email updates on sales in their neihgborhoods from me.

Nov 15, 2018 11:59 AM #20
Rainmaker
1,236,484
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Indian Trail is a seller's market and buyers need your expertise to get the best deal. 

Nov 15, 2018 05:44 PM #21
Rainmaker
2,503,694
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, good to see that Indian Trial is still a seller's market. Don't see that in my area.

Nov 15, 2018 07:15 PM #22
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... the Indian Trail market might not be "insane" at this stage, but it's strong and buyers still need to act quickly when the right houses come on the market at the right prices.

Nov 16, 2018 03:38 AM #23
Rainmaker
3,133,625
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® hi Rebecca... we are still very tight on inventory, especially affordable inventory, in many of our areas.

Nov 16, 2018 03:39 AM #24
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