Matthews NC Real Estate Market Report--January-March 2011
Matthews NC Real Estate Market Report—January-March 2011
The real estate market in Matthews NC showed a decline in median prices during the first quarter of 2011 compared with median prices in 2010. Single family home prices declined 7.5% while the townhome and condominium market in Matthews dropped 38.6%. Thirty single family homes and five townhomes sold during the quarter. Median days on the market increased 30% for single family sellers. Townhome sellers who were able to sell their properties saw a decrease in days on market by 35%.
What do the first quarter 2011 numbers mean for Matthews buyers and sellers?
- Matthews sellers face a continued downward pressure on home pricing. Townhome sellers are particulary vulnerable.
- Buyers for properties in Matthews may be able to find the best pricing and values for many years.
Single Family Homes
| Matthews Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2010 |
| Median Sales Price | $224,450 | $198,000 | $208,250 | $192,500 |
| Number of Homes Sold | 228 | 178 | 172 | 30 |
| Median Days on Market | 32 | 46 | 89 | 116 |
Source: Carolina Multiple Listing ServiceTownhomes and Condominiums
| Matthews Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2010 |
| Median Sales Price | $239,213 | $226,750 | $163,000 | $100,000 |
| Number of Homes Sold | 58 | 22 | 23 | 5 |
| Median Days on Market | 54 | 36 | 118 | 76 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Matthews NC First Quarter 2011
The following neighborhoods had the most sales activity during the first quarter. Click on the neighborhood for more information and a list of homes for sale.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Matthews NC Real Estate Market Report—January-March 2011*