How Corona Virus Impacted Indian Trail, NC Home Sales In April 2020

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

  

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

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

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, felt the impact of the corona virus pandemic in April 2020 -- the first full month of stay-at-home restrictions in North Carolina. Days on market, housing inventory, months supply of homes, new listings all were down significantly. Closed and pending sales were also down significantly. 

 

Average home prices increased 4.2% to $299,087 in April 2020 compared with the same month one year ago. Median home prices were essentially flat at $278,000 (down 0.07%) year-over-year. Price per square foot averaged $138 (up $12/square foot), increasing 9.5% year-over-year.

 

The months supply of homes for sale dropped to 1.6 months (down 33.3% from 2.4 months in April 2019). Inventory of homes also dropped 30.9% compared with the same month one year ago. New listings decreased in April -- by 43.3% compared with the same time frame one year ago. April would typically be a month when we see these numbers go up for the spring selling season.

 

Closed sales in April decreased 36% year-over-year, while pending sales decreased 35%. With home showings in April 2020 down to 415 showings compared with 1,188 showings in April 2019, it's not surprising that sales were down.

 

Average days on market were 23 (down 42 days year-over-year).  Median days on market were 4 (down 17 days year-over-year) in April. Month-over-month, average days on market dropped by 25 days, while median days on market dropped by 7 days.  

 

At a median selling price of 99.4% of list price (up 2.4% from April 2019 and up almost a full percent from March 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest communities.

 

 

 

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 APRIL 2020 

 

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

 

 

 Indian Trail Area Housing Market Highlights

April 2020 versus April 2019

 

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

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

 

 

   

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
1,365,326
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Can you explain how median and average days on market are calculated?  Our DoM is calculated by the first day a property hits the MLS and the last day when it closes.  

May 15, 2020 05:08 PM #3
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Raymond Henson, SRES, GRI good morning, Ray... it's supply and demand... with fewer homes to sell but strong buyer demand, home prices go up.

May 16, 2020 04:05 AM #4
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... that's exactly right... it's all about supply and demand... and demand is still quote strong.

May 16, 2020 04:06 AM #5
Rainmaker
2,720,092
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.

May 16, 2020 04:08 AM #6
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... our DOM is calculated in several ways.

  • First, from day of listing to day of contract signed. That's what I report on here.
  • Second, we have a calculation for DOM from day of listing to day of closing. That's an interesting number, but... all properties have a different closing schedule for different reasons... so I look at this number, but it can be subjective.
  • Third, we have a cumulative DOM on market, which calculates all the days from the day of listing, including relisting if a property changes brokers but doesn't stay off the market for 90 day between first listing and second listing. I watch trends here more than actual numbers.
May 16, 2020 04:09 AM #7
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning again, Myrl. Thanks for the visit... wishing you a wonderful weekend ahead.

May 16, 2020 04:11 AM #8
Rainmaker
1,817,787
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

The way you do your market reports is such a joy. Thanks for the very stylish presentation   You are an insoir

May 16, 2020 05:05 AM #9
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe hi Lise... thank you so much! Your comment has made my day and given me joy! Happy Saturday to you.

May 16, 2020 05:08 AM #10
Rainmaker
3,549,963
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Prices up, inventory down! Sounds like your market except for volume of transactions. May things resume to historical numbers and beyond shortly! Enjoy your day! 

May 16, 2020 05:51 AM #11
Rainmaker
2,172,627
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Nina Hollander - I like how you patiently unfold the details of the marketing report and makes it interesting. Telling the truth is all consumers really want and you did that so well!

May 16, 2020 06:55 AM #12
Rainmaker
3,328,036
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

Nina, List to sale ratio is still strong. That's great news for sellers in the Indian Trail Real Estate market!

May 16, 2020 07:12 AM #13
Rainmaker
2,872,430
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

From the activity that is going on in the market, it is often difficult to tell what is actually going on, but the numbers tell the story.

May 16, 2020 07:13 AM #14
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin hi Wayne... multiple offers died down here in recent months, but suddenly picked up again due to lack of inventory.

May 16, 2020 09:33 AM #15
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia... lots of people seem to be "afraid" of numbers... and I never understood why... they always tell a story.

May 16, 2020 09:34 AM #16
Rainmaker
3,438,231
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... when there's hardly any inventory we know home prices will go up... but so will the list to sell ratio... anyone thinking we are in a buyer's market right now is in for a surprise.

May 16, 2020 09:36 AM #17
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England you are so right, Brian... no need to guess about what's happening... find the numbers... the answer will be there.

May 16, 2020 09:36 AM #18
Rainmaker
5,762,179
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

May 16, 2020 10:14 AM #19
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, for stopping by... trust you've been enjoying your Saturday.

May 16, 2020 01:41 PM #20
Rainmaker
597,655
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

May 20, 2020 12:59 AM #21
Rainmaker
3,438,231
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning, Sally. Thank you for stopping by. Here's wishing you a wonderful Wednesday.

May 20, 2020 04:41 AM #22
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