This Month In Real Estate: Indian Trail (28079 Zip Code) November 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Indian Trail/28079 Zip Code Housing Market Update And Video: November 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 November 2018. Home sales in the Indian Trail area showed a drop in average home prices for the first time all year, contrary to what we’re seeing in much of the rest of the Charlotte region. Also contrary are the lower days on market in the 28079 zip code. Inventory is up, as are new listings which grew substantially in November.




 

  • The average sale price of Indian Trail area homes decreased by 7% to just under $250,000 as compared with the same period one year ago. This is the lowest average sale price we've seen in three years. More than likely this reduction in average prices generated the big increase in pending sales in November and a significantly lower days on market.

  • Median sale price for Indian Trail area homes in November also decreased 2.7% versus one year ago to $255,000.

  • Average days on market for property listings in Indian Trail were 20 days (down 22 days compared with one year ago).

  • Median days on market stood at 11 days in November 2018 (down 4 days compared with one year ago). 

  • Average price per square foot increased by 10.1% to $120/square foot ($11 per square foot) in November 2018 versus the same period in 2017, despite the decrease in sale average sale prices.

  • Pending sales in Indian Trail increased 31.1% in November versus the same month last year.

  • Closed sales in Indian Trail decreased 26.2% compared with the same month one year ago.

  • New listings in Indian Trail increased 38% versus November 2017.

  • Months supply of inventory remained low at 2.5 months keeping Indian Trail a seller's market. 

  • The median percent of original list price that sellers received for their homes was 98.2%, showing relatively little negotiating room in the 28079 zip code for Indian Trail area homes.

 

 

 

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: October 2018

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. 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 Indian Trail area or anywhere in the the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to show you how

 "The Right Broker Makes All The Difference."

 

 

Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/indian-trail-nc-housing-market-update-video-november-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
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina - very helpful representation of the real estate market at Indian Trail.

Dec 09, 2018 12:06 PM #1
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider thanks, Grant. Unfortunately, like a number of Charlotte areas, Indian Trail is becoming less and less affordable for many. 

Dec 09, 2018 01:04 PM #2
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Rainmaker
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Nina Hollander

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