Indian Trail (28079 Zip Code) Monthly Real Estate Report: Feb. 2020

By
Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5mDJ

  

Indian Trail, NC (28079 Zip Code) Housing Market Update: February 2020

Latest news on the Indian Trail real estate market and what it means for you...

 

The Indian Trail, NC area includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County in the 28079 zip code. With lower inventory, fewer days on market and fewer months supply of inventory, Indian Trail remained predominantly a seller's market in February.

 

The Indian Trail area experienced small decreases in both average and median home sale prices in February 2020 compared with the same month in 2019. Average home prices decreased 2.5% to $274,163, while median home prices decreased 1.1% to $279,500 year-over-year. The small decrease in home prices is less reflective of a diminution in home values than of the price mix of homes that sold in February.

 

Price per square foot averaged $127 (up $11/square foot), increasing 9.5% year-over-year.

 

The months supply of homes for sale dropped to 1.6 months (down 36% from 2.5 months in February 2019). The months supply of homes also dropped month-over-month from 1.8 months in January 2020. Inventory of homes also dropped 27.4% compared with the same month one year ago.

 

New listings increased slightly in January -- by 6.6% compared with the same time frame one year ago. Closed sales in February increased 40% year-over-year, while pending sales increased 19%.

 

Average days on market were 59 (down 7 days) and median days on market were 32 (down 27 days year-over-year) in January.  Indian Trail homes continue to sell quickly.

 

At a median selling price of 98.2% of list price, Indian Trail buyers should expect minimal room to negotiate, especially in Indian Trail's hottest communities where the discount hovered around 99%.

 

 

 

Want to know what this would mean for your family if you decide to buy or sell an Indian Trail home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

 

 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE IN FEBRUARY 2020 

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE IN FEBRUARY 2020 

 

 

 Indian Trail Area Housing Market Highlights

February 2020 versus February 2019

 

Indian Trail (28079 Zip Code) Housing Market Report: February 2020



 

  

Indian Trail, NC is ranked as one of America's 50 Top Small Cities To Live In

 

CHECK OUT THE...

 

11 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 

Hot Indian Trail NC Neighborhoods

 

 

And did you know that Indian Trail's Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH ALL INDIAN TRAIL AREA, NORTH CAROLINA HOMES

Search for Indian Trail homes for sale

 

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home,”

 

 

 

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 

What Is My Ballantyne Area Home Worth?

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House,”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 

 

   Median Home Sale Price Trends For 28079 Zip Code 

 

 

 

 Median Home Sale Prices Trends For:

Indian Trail, Stallings, Hemby Bridge

 

 

 

PREVIOUS INDIAN TRAIL, NORTH CAROLINA HOUSING MARKET UPDATES:

 

Indian Trail Housing Market Update: January 2020

Indian Trail Housing Market Update: December 2019

Indian Trail Housing Market Update: November 2019

Indian Trail Housing Market Update: October 2019

Indian Trail Housing Market Update: September 2019

Indian Trail Housing Market Update: August 2019

Indian Trail Housing Market Update: July 2019

Indian Trail Housing Market Update: June 2019

Indian Trail Housing Market Update: May 2019

Indian Trail Housing Market Update: April 2019

Indian Trail Housing Market Update: March 2019

Indian Trail Housing Market Update: February 2019

 

  

   

This Charlotte, North Carolina real estate monthly update for Indian Trail  area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, 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, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."



 

 First published at: https://greathomesincharlotte.com/housing-market-reports-updates/indian-trail-real-estate-february-2020/

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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
3,307,327
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina love your market reports one of these days I will have to get consistent with them, in the mean time wishing lots of buyers and sellers, Endre

Mar 18, 2020 10:17 PM #1
Rainer
565,433
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

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

Sally

 

Mar 19, 2020 03:20 AM #2
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. thank you, Endre... it took a while to set up a system and a template and to stay in the groove, but now it's just second nature to update monthly.

Mar 19, 2020 04:19 AM #3
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning, Sally.... thanks for the visit and the good wishes. Trust you and the family are well and staying safe.

Mar 19, 2020 04:20 AM #4
Rainmaker
3,491,035
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Everything looking good except that dismal thinventory. Thanks for the update. Enjoy your day!

Mar 19, 2020 04:59 AM #5
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin hi Wayne... and I have a feeling that this corona virus situation isn't going to help the thinventory situation.

Mar 19, 2020 05:10 AM #6
Rainmaker
5,687,229
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local real estate reports.

Mar 19, 2020 06:09 AM #7
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thank you, Roy, for stopping by... trust you and Dolores have plenty of reading material to keep you occupied these days.

Mar 19, 2020 07:20 AM #8
Rainmaker
2,147,595
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Glad to know you're staying abreast of your market news. As for the previous post on your home as a safe refuge.... why hasn't that one been featured? I think it should be!

Mar 19, 2020 08:46 AM #9
Rainmaker
2,802,261
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Seeing the report for Indian Trail always signifies to me that the report for Indian Land is right around the corner!

Mar 19, 2020 09:58 AM #10
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi there, Brian... and you would be very right about that assumption! :)

Mar 19, 2020 10:01 AM #11
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... thank you. I had a featured post last week, so maybe they thought that was enough for now! :)

Mar 19, 2020 10:02 AM #12
Rainmaker
576,438
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Nina,

With the current conditions we are facing, do you think the sellers could cling on their leverage for a longer time?

Great report as always.

Mar 19, 2020 10:50 AM #13
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Maria Gilda Racelis hi Maria... your guess would be as good as mine right now. Early days and I think the situation would be unique to each home owner as would be their priorities.

Mar 19, 2020 11:16 AM #14
Rainmaker
2,682,974
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Indian Trail home buyers and sellers are certain to appreciate your real estate market report, Nina.

Mar 19, 2020 01:22 PM #15
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl thanks, as always, for taking time to stop and leave me a comment!

Mar 19, 2020 01:50 PM #16
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Nina Hollander

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