Indian Trail (28079 Zip) Real Estate Fully Recovered After Pandemic

By
Real Estate Agent with Coldwell Banker Realty

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

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has fully recovered from the effects of the pandemic and is without doubt a home seller's market. Home prices increased over April 2020, while days on market and inventory dropped significantly year-over-year.

 

Average home prices increased 6.6% to $322,707 in April 2021 compared with the same month one year ago. Median home prices increased 17.5% to $335,000 year-over-year.  Price per square foot averaged $158 (up $20/square foot), increasing 14.5% year-over-year.

 

The months supply of homes for sale dropped to 0.8 months (down 60% from 2 months in April 2020). Inventory of homes also dropped 59.3% compared with the same month one year ago.

 

New listings increased in April -- by 43.1% compared with the same time frame one year ago. The increase in new listings is not surprising as in April 2020 our housing market was essentially shut down due to pandemic related lock-downs.

 

Closed sales in March increased 7.6%, while pending sales increased 47.1%. Again, the increase in pending sales year-over-year is not surprising given the April 2020 lockdowns which put our real estate activity on hold.

 

The low inventory coupled with higher home prices are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first couple of months of the pandemic.

 

Average days on market were 7 (down 20 days year-over-year and down 5 days month-over-month). Average days on market were down 58 days from two years ago. Median days on market were just 2 (down 3 days year-over-year) in April. Median days on market were also down 19 days from two years ago. This, too, speaks to pent-up buyer demand and a recovered market for the Indian Trail housing market in April 2021.

 

At a median selling price of 102.3% of list price (up 2.9% from April 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest selling communities.

 

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

 

Wondering About Charlotte's Real Estate Market? Call Nina Hollander   

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

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 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

   

 Indian Trail Area Housing Market Highlights

April 2021 versus April 2020

Indian Trail/28079 Zip Code Housing Market Report April 2021

 

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

CHECK OUT THE...

9 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

 Hottest Selling Indian Trail 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 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's My Indian Trail 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

 

This Charlotte, North Carolina real estate monthly update for the 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 post at www.GreatHomesInCharlotte.com

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

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 The Greater Charlotte Area
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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.

 

Comments (28)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, Nina.

Have a great day and an outstanding week.

May 23, 2021 05:30 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - that is awesome to hear that new listings have surged.

May 23, 2021 05:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, Roy... and thanks for stopping by. Wishing you a lovely Sunday, as well.

May 23, 2021 05:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant. Sadly, that "surge" in new listings is no real surge... it looks like it because we were on lockdown last April and nothing was coming on the market. And these new listings sold in a nano-second... leaving Indian Trail with a housing inventory that is still 70% lower than one year ago.

May 23, 2021 05:49 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I love seeing the words "fully recovered from the effects of the pandemic" and hope that all of this will soon be a distant memory.

May 23, 2021 06:04 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I will second what Brian England said.  Hopefully, with the pandemic in the rear view mirror, it will help entice more sellers on the market.  Thank you for the update!

May 23, 2021 06:58 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Like Brian England the words "fully recovered" is music to my ears...our governor has decided on 6/15 as the date!  In the meantime some businesses are not requiring masks, and some are.  As always you have an outstanding report on Indian Trail, NC.  A

May 23, 2021 07:05 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Nina,
Whan an excellent summary of the current status of the Indian Trail real estate market. If I were in the market I'd certainly be looking for an experienced agent, like you, to help me navigate the waters.

May 23, 2021 07:15 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, wow, 17% increase in median price is HUGE!  Sure is good for sellers, but how long can your market sustain that increase?  Great report.

May 23, 2021 07:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... I have a feeling it will be a while before 2020 is a distant memory! But I agree with you that I'd like it to be.

May 23, 2021 07:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty hi Ray... so far I haven't come across that many homeowners who chose not to sell because of the pandemic... they are worried about finding a new home. If they could have found one in the midst of the pandemic they would have listed.

May 23, 2021 07:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... things are beginning to feel more normal here... I went to Sam's Club yesterday and did not have to wear a mask. No more masks in my brokerage either. I'm still somewhat flummoxed seeing people outside and not close to anyone else wearing their masks. I can't wait to pull mine off the minute I step outside.

May 23, 2021 07:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Carol Williams thanks, Carol... these days we have many conversations with buyer clients about strategy when viewing houses and making offers.

May 23, 2021 07:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... wish I had an answer to your question... but we've been asking how long we could sustain an inventory shortage in the region for years now... and somehow we continue to do so.

May 23, 2021 07:48 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Nina! Obviously the market is hot and you are getting it done

May 23, 2021 09:37 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your market reports are always so informative and easy to read. Things are moving on and we can all resume our lives. Yea!

May 23, 2021 11:40 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky.... at my end...market is hot, weather is hot... everywhere you turn it's hot, hot, hot!

May 23, 2021 12:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... I'm one of those people who resumed her life as normally as possible a year ago. I just decided I wasn't going to give in to all the hand-wringing.

May 23, 2021 12:30 PM
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 23, 2021 09:09 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Monday morning, Myrl... thanks for stopping by... wishing you a wonderful week ahead.

May 24, 2021 04:16 AM