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Matthews NC Real Estate Market Report--First Half 2015

Matthews NC Real Estate Market Report—First Half 2015 

How did the Matthews NC real estate market fare in the first half of 2015 and how does it compare with previous years?  The tables below compare the Matthews NC real estate market from 2008 through 2015.  The results of the tables are explained in the frequently asked questions that follow.   Click here to see all Matthews NC homes for sale.

 

How many single family homes sold in Matthews in January through June 2015?

One hundred fifty three homes closed during this period. 

Were home prices up or down in the first half of 2015?

Home prices increased.  The median closed price was $233,500, an increase of 8.6% over 2014.  The 2015 median price was higher than any year since 2007.

How long were Matthews homes on the market in 2015?

Homes spent less time on the market this year.  Median days on market was 57 days down from 78 days in 2014. 

What was the Matthews condominium and townhome market like in 2015?

Twenty townhomes sold in the first half.  The median sales price was $187,750.  Median days on market was 52 days.

Were distressed sales a big factor in the 2015 market?

Foreclosures and short sales were only 4% of the marketplace in the first half.  This is a smaller portion of the market than during the recession years when distressed sales were often 30% of the marketplace.

Were there many new homes built in Matthews in 2015?

Matthews hasn’t had much new construction in 2015.  New homes were only 3.2% of the closed sales.  Most homes sold were resales. 

Which neighborhoods had the most home sales in 2015?

The top-selling neighborhoods in 2015 are  Matthews Estates,  Brightmoor, Sardis Forest, Greygate, Trade Street Towns and Bella Sera Villas.

Single Family Homes in Matthews NC

Matthews Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011 Year 2012 Year  2013 Year 2014 Year 2015  First Half
Median Sales Price $224,450 $198,000 $208,250 $210,000 $183,250 $210,000 $215,000 $233,500
Number of Homes Sold 228 178 172 184 254 272 300 153
Median Days on Market 32 46 89 115 77 61 78 57

Source: Carolina Multiple Listing Service

Types of Closed Sales in Matthews NC

Matthews NC Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 142 92.8%
New Construction 5 3.2%
Foreclosure 6 4.0%
Short Sales n/a n/a

Source: Carolina Multiple Listing Service

Click here to see other Matthews NC real estate market reports, both updated and historical.

Click on the links below to see current homes for sale in Matthews NC.

$100,000-$300,000

$300,000-$500,000

$500,000-$750,000

$750,000+

Want to know more about real estate and living in Matthews NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2015.  Carol Fox.  Matthews NC Real Estate Agent.  Allen Tate Realtors.  *Matthews NC Real Estate Market Report—First Half 2015*

Posted: Friday, July 24, 2015 1:03 PM by Carol Fox

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