What Happened In Union County, NC's Housing Market 1st Quarter 2019?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Union County, NC Region Housing Market Report: 

1st Quarter 2019

 

First Quarter 2019 Union County, North Carolina home sales kept the county a seller's market with just 2.2 months of inventory. Union County includes the towns of Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Monroe, Hemby Bridge, Lake Park, Wesley Chapel, WingateMarshville, Fairview, Unionville, Matthews, and Mineral Springs.   

 

During the first quarter of 2019, Union County saw inventory and months supply of homes decrease by double digits compared with the same time frame one year ago. Days on market also decreased. Closed sales increased, as did the median sale price of homes, while the average price of homes decreased slightly. It should be noted that the average price of homes sold does not necessarily indicated  a drop in Union County home values... most of the decrease came in the 28173 zip code where there is considerable new construction of high-end homes, so it's more the mix of homes sold that impacted the sale prices. Demand for affordable homes in the 28173 zip code, encompassing Waxhaw, Weddington, and Marvin towns, has not abated.

 

Union County 1st Quarter 2019 Housing Report

  

 

In the first quarter of 2019, Union County saw a:

  • 2.6% decrease in average sale prices (to $328,787) year-over-year.
  • 1.2% increase in median sale price (to $286,000) year-over-year.
  • 11.6% decrease in inventory of homes for sale year over year.
  • 2.0% increase in closed sales year over year.
  • 13.8% decrease in the months supply of homes (2.2 months supply) year over year.
  • Days on market year over year were decreased 2.7% (54 days on market).
  • 96.6% percent of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

1st Quarter 2019 Union County, NC Housing Report

 

 

 DETAILED REPORT FOR UNION COUNTY HOUSING MARKET

 

Real Estate Report: Union County, NC Quarter 1 2019 

 

 

SEARCH UNION COUNTY HOMES FOR SALE

 

Search Union County Homes For Sale 

 

 

 

FIND OUT WHAT YOUR UNION COUNTY HOME MAY BE WORTH IN TODAY'S MARKET 

 

What's My Charlotte Home Worth?

 

This quarterly Union County housing market update is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We've been opening doors for Union County home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in Union County, I'd love an opportunity to earn your business, exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

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 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
1,928,462
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - Your graphics tell a story that I could only dream about creating! You are so talented to create them! I always enjoy seeing what your market has to offer.

Make a nice and beautiful day!

Apr 14, 2019 05:43 AM #3
Rainmaker
4,786,595
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Nina Hollander your information reads as most do across the country.... 

Apr 14, 2019 06:00 AM #4
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... I'll let you in on a little secret... my company's marketing lady created the graph for me in Canva and I just update it with new data each month!  And I could say the say about your talent for photography... I can only dream to be half as good!

Apr 14, 2019 06:01 AM #5
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Barbara Todaro hi Barbara... we've been singing this song for a number of years now!

Apr 14, 2019 06:04 AM #6
Rainmaker
1,800,859
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - looks like you will be have a very robust Spring.

Apr 14, 2019 06:35 AM #7
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... that remains to be seen... lots of buyers getting priced out of the market and sellers not motivated to list.

Apr 14, 2019 06:54 AM #8
Rainmaker
3,000,725
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  You are always on the top of your game when it come to market reports.  Good Job!

Apr 14, 2019 08:29 AM #9
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks, Will. I think agents who don't study their markets carefully lose credibility with serious buyers and sellers, so I work hard at it.

Apr 14, 2019 08:32 AM #10
Rainmaker
1,111,727
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Union City and the Charlotte area of North Carolina are such strong real estate markets.  My son was a Marine stationed at Camp Lejeune back before 9/11. It is a great state and you are in a fabulous market to help people buy and sell real estate.  

Apr 14, 2019 09:13 AM #11
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... North Carolina is one of the top moved to states and Union County is one of the fastest growing counties in the nation.

Apr 14, 2019 09:16 AM #12
Rainmaker
4,230,739
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

NIna,

After ready your report and the ensuing comments with which I agree.  Having visited Charlotte and the Raleigh adjacent areas, there is no doubt in my mind why people love North Carolina and are moving there.  A

Apr 14, 2019 10:37 AM #13
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra, we made the decision to move here almost 22 years ago and have now lived here for 21 years and have never regretted that decision.

Apr 14, 2019 11:55 AM #14
Ambassador
3,000,779
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

That is information each Buyer and Seller should appreciate...

I hope you're having a great Sunday Nina Hollander 

Apr 14, 2019 12:24 PM #15
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... thanks for popping by... and trust you're having a nice Sunday, yourself! Wishing you a good week ahead.

Apr 14, 2019 12:46 PM #16
Rainmaker
1,558,487
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Great post. Thank you for sharing and have a fantastic rest of the weekend!

Apr 14, 2019 03:22 PM #17
Ambassador
1,770,490
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Nina, as you mention, staying on top of the market and the various neighborhoods is critical. You do it so well. Have a wonderful evening. D

Apr 14, 2019 04:31 PM #18
Rainmaker
3,132,594
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Your market conditions echo others we see across the country...we'll see what the next season brings and residents present and future can count on your reports to learn exactly that.

Apr 15, 2019 02:49 AM #19
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeremy K. Frost good morning and thank you, Jeremy. Wishing you a great week ahead, as well.

Apr 15, 2019 03:52 AM #20
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD Thanks, Debb... our market is so hyper-local because it encompasses so many areas, you really have to keep on top of it and not over-generalize.

Apr 15, 2019 03:53 AM #21
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson good morning, Sally... amazing isn't it how many of our markets mirror each other despite how unique each market is.

Apr 15, 2019 03:54 AM #22
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