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Matthews NC Real Estate Market Report--2009

Matthews NC Real Estate Market Report—2009

How did the Matthews NC real estate market fare in 2009 and how did it compare with 2008?  This report covers real estate activity within the Matthews town limits, which are entirely within Mecklenburg County.

The 2009 Matthews NC real estate market reflected the market in Charlotte and surrounding areas.  Single family average sales prices were down about ten percent from 2008, an indication that first time home buyers dominated the marketplace.  Sales prices deteriorated even more in the condo/townhome market, dropping by 21%.  2009 also saw fifteen percent fewer homes sold in Matthews.  Time on the market increased for Matthews sellers with days on market up 36% for single family homes and up 75% for condominiums and townhomes.

Matthews NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Matthews NC for single family homes and condos/townhomes for 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Matthews NC

2008 Average Sales Price:  $250,788      2009 Average Sales Price:  $224,025    Year-to-Year Change:  -10%

2008 Number of Homes Sold:  208        2009 Number of Homes Sold:  175      Year-to-Year Change:  -15%

2008 Average Days on Market:  72        2009 Average Days on Market:  98      Year-to-Year Change:  +36%

Townhomes and Condominiums in Matthews NC

2008 Average Sales Price:  $253,348      2009 Average Sales Price:  $199,647     Year-to-Year Change:  -21%

2008 Number of Homes Sold:  40          2009 Number of Homes Sold:  34        Year-to-Year Change:  -15%

2008 Average Days on Market:  102      2009 Average Days on Market:  179     Year-to-Year Change:  +75%

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Matthews NC 2009

The most active Matthews NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

The Heathers

Brightmoor

Matthews Plantation

Winterbrooke

Bella Sera Villas

St Andrews

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Matthews NC Real Estate Market Report—2009*

Posted: Thursday, January 7, 2010 5:09 PM by Carol Fox

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