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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.

Brightmoor Bella Sera Villas Forest Brook Estates Greylock
Matthews Plantation Sardis Plantation Southwoods The Heathers

Copyright 2012. Carol Fox. Allen Tate Realtors. *Matthews NC Real Estate Market Report—Year 2011*


Posted: Monday, January 16, 2012 11:52 AM by Carol Fox

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