Indian Trail (28079 Zip Code) Monthly Real Estate Update: March 2020

By
Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5n4p

  

Indian Trail, NC (28079 Zip Code) Housing Market Update: March 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 March.

 

The Indian Trail area experienced increases in both average and median home sale prices in March 2020 compared with the same month in 2019. Average home prices increased 2.7% to $300,454, while median home prices increased 7.9% to $309,750 year-over-year. Both average and median home sale prices increased month-over-month.

 

Price per square foot averaged $130 (up $13/square foot), increasing 11.1% year-over-year.

 

The months supply of homes for sale dropped to 1.6 months (down 33.9% from 2.4 months in March 2019).  Inventory of homes also dropped 28.5% compared with the same month one year ago.

 

New listings decreased in March -- by 2.2% compared with the same time frame one year ago. Closed sales in March decreased 5.8% year-over-year, while pending sales decreased 4.8%. At this point in time it's impossible to say how much of the decrease was a result of low inventory and if/how much was as a result of shelter-at-home orders in North Carolina, which came into effect in the last week of March.

 

Average days on market were 48 (down 9 days year-over-year) and median days on market were 10 (down 19 days year-over-year) in March. Month-over-month, average days on market dropped by 11 days, while median days on market dropped by 22 days.  Indian Trail homes continue to sell quickly.

 

At a median selling price of 98.6% 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 area 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 MARCH 2020 

 

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

 

 

 Indian Trail Area Housing Market Highlights

March 2020 versus March 2019

 

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

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

 

   

   

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."



 

Read the original blog post at: www.GreatHomesInCharlotte.com

 

Posted by

 

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 Realty
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 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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
2,134,929
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nina - great first quarter throughout your area.  Hopefully optimistic for second quarter.

Apr 24, 2020 06:54 AM #5
Rainmaker
5,766,809
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, Nina. Have a great day and a very special weekend.

Apr 24, 2020 06:58 AM #6
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... I'm not holding out a ton of hope for the second quarter... more for the third. Our stay at home orders have just been extended to May 8th from April 29... delays in being able to show and sell homes won't help.

Apr 24, 2020 07:01 AM #7
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thank you, Roy. Wishing you and Dolores a lovely weekend as well. Looks like the rainy weather we had yesterday is about to blow out.

Apr 24, 2020 07:02 AM #8
Rainmaker
2,558,063
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, happy Friday. As always, you provide excellent reporting on the real estate market for Indian Trail in Charlotte, NC. 

Apr 24, 2020 07:15 AM #9
Rainmaker
3,330,271
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Indian Trail had strong numbers for March Nina. It will be interesting to see the numbers for April...

Apr 24, 2020 07:17 AM #10
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® thanks, Rebecca. Appreciate the nice comment. Trust you and your extended family all remain safe and well.

Apr 24, 2020 07:32 AM #11
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry...it seems that properties priced under $300K continue to sell reasonably well... but with so many fewer listings coming on the market, I'm sure we'll see a drop in both sales and inventory for April.

Apr 24, 2020 07:34 AM #12
Rainmaker
3,617,460
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - even people who are not moving, are curious about real estate in their area.  I am sure that is as true for Indian Hill 28079 as it is elsewhere.  Up-to-date information and insight offered by a local real estate professional like yourself is valuable.  Now and in the future.  

Apr 24, 2020 07:45 AM #13
Rainmaker
5,328,091
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Nina Hollander it continues to follow the "supply and demand" path.... inventory is slim everywhere.... we're digging deeply!!!

Apr 24, 2020 07:45 AM #14
Rainmaker
909,584
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Indian Trails buyers need to have their game shoes on if they want to purchase and be ready to play straight out of the gate. Sellers also need to make sure they prepare their homes for sale, because it is a seller's market doesn't mean you can be sloppy preparing your home for sale.

Apr 24, 2020 08:00 AM #15
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi Michael... it seems most people, whether they are home owners or buyers or sellers, want to know what's happening in the real estate market regardless of season or pandemics. I'm happy to oblige and tell them.

Apr 24, 2020 08:05 AM #16
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Barbara Todaro hi Barbara... our new listings are down about 30% in the first half of April... and we've just had our stay at home orders extended by 9 days till March 8th with no guarantee that they won't be extended again. It's giving a lot of people pause about listing their homes.

Apr 24, 2020 08:06 AM #17
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 hi Nick... you're absolutely correct... just because there's demand for homes doesn't mean buyers are buying anything and everything. I'm finding that most buyers want as close to move-in ready as makes no difference.

Apr 24, 2020 08:07 AM #18
Ambassador
3,251,517
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It appears that the market in Indian trail has been hit rather hard by the coronavirus. This too I know shall pass...

Happy Friday Nina Hollander 

Apr 24, 2020 09:15 AM #19
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... you made me reread my post...to see if I said something that would have one think corona virus impacted Indian Trail in March... it didn't. Only reason sales were down in the area was due to lack of inventory. We expect some corona virus impact in April... but March sales were chugging along really well until the very last few days of the month. Don't scare me like that again! :)

Apr 24, 2020 10:18 AM #20
Rainmaker
2,722,530
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Indian Trail home buyers and sellers are sure to value your real estate market report, Nina!

Apr 24, 2020 04:51 PM #21
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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

Apr 25, 2020 06:04 AM #22
Rainmaker
600,305
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

Apr 29, 2020 08:55 PM #23
Rainmaker
3,442,720
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane thank you, Sally, for stopping by. Wishing you a very good Thursday and rest of the week.

Apr 30, 2020 05:10 AM #24
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