Matthews NC Real Estate Market Report--Year 2011
Matthews NC Real Estate Market Report—Year 2011
How did the Matthews NC real estate market fare during 2011 and how
did 2011 market activity compare with the previous three years?
The tables below compare the Matthews NC
real estate market for years 2008 through 2011. 184 single family homes and 15
townhomes closed in Matthews in 2011. The highest priced single family home
sale was $885,000. The highest priced townhome sale was $255,000. Median days
on the market increased to 115 for single family homes and and decreased to
98 for townhomes.
Single Family Homes in Matthews NC
The number of single family homes increased 6.9% in 2011 over 2010. The
median sales price also increased slightly, up less than 1% over 2010 and up 6%
over 2009. The 2011 median price is still below the 2008 median price.
Single Family Homes
| Matthews Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$224,450 |
$198,000 |
$208,250 |
$210,000 |
| Number of Homes Sold |
228 |
178 |
172 |
184 |
| Median Days on Market |
32 |
46 |
89 |
115 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums in Matthews NC
Townhome prices have decreased every year since 2008. The 2011 median price
was off 1.8% from 2010.
Townhomes and Condominiums
| Matthews Townhomes and Condos |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$239,213 |
$226,750 |
$163,000 |
$160,000 |
| Number of Homes Sold |
58 |
22 |
23 |
15 |
| Median Days on Market |
54 |
36 |
118 |
98 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Matthews NC
Roughly 65% of all sales were resales. Distressed sales accounted for
approximately 24% of all Matthews sales in 2011.
| Matthews Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
130 |
65.3% |
| New Construction |
22 |
11% |
| Foreclosure |
36 |
18% |
| Short Sales |
11 |
5.7% |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Matthews—Year 2011
Click on each neighborhood below to get more information about the community
and to see homes for sale.
Copyright 2012. Carol Fox. Allen Tate Realtors. *Matthews
NC Real Estate Market Report—Year 2011*