This Month In Real Estate: Matthews, NC (28105 Zip Code): Dec. 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Matthews, NC Housing Market Update/Video: December 2018

Matthews Housing Market Update/Video for December 2018. December home sales in Matthews, North Carolina saw continued home sale prices increases. Market inventory remained tight and the months supply of homes at 1.9 months indicated a continuing seller’s market. Closed and pending sales, as well as new listings, were all down by double digits in December. Lack of affordable inventory can be considered a contributing factor for this situation, as well as the holiday season slowdown.

 


 

 

  • Average sale price of Matthews area homes increased by 4% to just under $322,000 as compared with the same period one year ago. This average sale price is also almost $45,000 higher in December than it was just last month in November.

  • Median sale price for Matthews area homes in December decreased 3.4% versus one year ago to $262,000.

  • Average days on market for property listings in Matthews were 44 days (down 12 days compared with one year ago).

  • Median days on market stood at 29 days in December 2018, up 5 days compared with one year ago. No doubt that with increasing home prices houses are taking longer to sell than just a few months ago.

  • Average price per square foot increased by 6.5% to $132/square foot in December 2018 versus the same period in 2017. 

  • Pending sales in Matthews decreased 14.3% in December versus the same month last year.

  • Closed sales in Matthews decreased 50% compared with the same month one year ago.

  • New listings in Matthews decreased 18.6% versus December 2017.

  • Months supply of inventory remained low at 1.9 months keeping Matthews a seller’s market. 

  • Median percent of original list price that sellers received for their homes was 96.2%, showing relatively little negotiating room in the 28105 zip code for Matthews area homes.

 

 

It continues to be a seller's market in Matthews and the 28105 zip code and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.  

 

CHECK OUT 10 OF THE HOTTEST NEIGHBORHOODS IN THE MATTHEWS/MINT HILL AREA TO WATCH IN 2018

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

 

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

PREVIOUS MATTHEWS, NORTH CAROLINA HOUSING MARKET UPDATES

Matthews Housing Market Update: January 2018
Matthews Housing Market Update: February 2018
Matthews Housing Market Update: March 2018
Matthews Housing Market Update: April 2018
Matthews Housing Market Update: May 2018
Matthews Housing Market Update: June 2018
Matthews Housing Market Update: July 2018
Matthews Housing Market Update: August 2018
Matthews Housing Market Update: September 2018 
Matthews Housing Market Update: October 2018

Matthews Housing Market Update: November 2018

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Matthews specialists, opening doors for Matthews home buyers and sellers for 20+ years.

 

 If you're considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

"The Right Broker Makes All The Difference."

 

 Great Homes In Charlotte

Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/matthews-december-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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Rainmaker
2,379,884
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You teach me so much about the Charlotte area, when my friend calls me and I drop names, it makes him think that I have been there, haha.

Jan 10, 2019 06:18 AM #13
Rainmaker
3,974,677
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Matthews, and looks like it is moving along strong.

Jan 10, 2019 06:37 AM #14
Rainmaker
737,185
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

You have the same problem as us, with low inventory affecting the market.

Jan 10, 2019 07:36 AM #15
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another month, another timely report on your marketplace.  As usual it is exemplary in terms of format and clarity.  Happy Thursday, A

Jan 10, 2019 08:08 AM #16
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Happy Thursday, Nina, I'm enjoying the musical interlude again with your video.  And yes, I'll echo the above sentiments - too bad more sellers don't enter the market. D 

Jan 10, 2019 09:46 AM #17
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Debb... here's what I think... just as I heard many buyers lament in the past year that they didn't listen to me and buy sooner before prices went up so much, I think I'll be hearing sellers lament that they didn't list sooner.

Jan 10, 2019 02:59 PM #18
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra... I appreciate the nice comment. These do take some time to prepare, so it's nice to know the format "works."

Jan 10, 2019 03:00 PM #19
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 hi Nick... we are into our fourth year of tight inventory... would love to see a bit more of a balanced market this spring.

Jan 10, 2019 03:01 PM #20
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... from one perspective the Mattews market is great... from another the big drop in closed sales tells me people are being priced out of what has historically been a very affordable area.

Jan 10, 2019 03:02 PM #21
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... I love that... they must be wondering where you get yur intel on the Charlotte area. Keep them guessing!

Jan 10, 2019 03:02 PM #22
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry.... indeed sellers like it... buyers not so much and closed sales are really down as many buyers are getting priced out of the market.

Jan 10, 2019 03:03 PM #23
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy. I suddenly just realized it's Thursday evening and am wondering where the week went so quickly!

Jan 10, 2019 03:04 PM #24
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina your market reports are to the point and easy to read.  Also I always enjoy the short video's you provide with them.

Jan 10, 2019 05:14 PM #25
Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties sold.

Jan 11, 2019 02:45 AM #26
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto good morning, George... thanks for the nice comment and what you said is reinforcement for me that I'm doing it right.

Jan 11, 2019 04:14 AM #27
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning, Sally, and thanks for stopping by. Wishing yo a great weekend ahead.

Jan 11, 2019 04:15 AM #28
Rainmaker
5,168,929
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, Nina.

Have a great day and an outstanding weekend.

Jan 11, 2019 06:10 AM #29
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good Friday morning to you, Roy Kelley. Sending good wishes back to you and Dolores for an outstanding weekend of your own.

Jan 11, 2019 06:34 AM #30
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Hi Nina Hollander  great report as usual easy to read and right to the point

Jan 11, 2019 01:58 PM #31
Rainmaker
2,894,791
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hannah Williams thanks, Hannah.... and isn't this what they all should be like? Nothing more deadly than a report you can't read.

Jan 11, 2019 03:01 PM #32
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