Matthews NC Real Estate Market Report--April-June 2011
Matthews NC Real Estate Market Report—April-June 2011
The real estate market in Matthews NC improved dramatically during the second quarter of 2011. The single family median price was 26% higher than the first quarter of 2011 and 8.1% higher than 2008. The number of sales jumped 66% higher to 50 homes sold. Days on market dropped to 93 days.
The townhome market showed improvement as well with most of the seven townhome sales in Bella Sera Villas. These sales drove the median price higher to $170,000. Median days on market increased 64.4% to 125 days.
What do the second quarter 2011 numbers mean for Matthews NC buyers and sellers?
- Sellers in Matthews may have the best opportunity in several years to sell their homes.
- Buyers for properties in Matthews can find affordable prices in neighborhoods that may be stabilizing in price.
Single Family Homes
| Matthews Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $224,450 | $198,000 | $208,250 | $192,500 | $242,750 |
| Number of Homes Sold | 228 | 178 | 172 | 30 | 50 |
| Median Days on Market | 32 | 46 | 89 | 116 | 93 |
Source: Carolina Multiple Listing ServiceTownhomes and Condominiums
| Matthews Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $239,213 | $226,750 | $163,000 | $100,000 | $170,000 |
| Number of Homes Sold | 58 | 22 | 23 | 5 | 7 |
| Median Days on Market | 54 | 36 | 118 | 76 | 125 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Matthews NC Second Quarter 2011
The following neighborhoods had the most sales activity during the second quarter.
Greylock Oakcroft Bella Sera Villas
Copyright 2011. Carol Fox. Allen Tate Realtors. *Matthews NC Real Estate Market Report—April-June 2011*