Matthews NC Relocation
Sep 29

Matthews & Stallings–NC Top Places for Young Families

By Carol Fox | Matthews NC Homes for Sale , Matthews NC Relocation

Matthews and Stallings--Tops for Young Families

Schools, good jobs, friendly neighbors and affordable living.  These are the reasons that NerdWallet just put Matthews and Stallings on their list of top places for young families in North Carolina.

What is it about these ​Matthews NC area towns that makes them prime places for relocation?  Learn about the Matthews lifestyle including its affordable homes and neighborhoods in this post.  Request a free Matthews NC relocation package and search for affordable homes in Matthews and Stallings.

Matthews and Stallings Profiles

Matthews NC 28105

Matthews is a town of approximately 30,000 people located on the southeastern edge of Charlotte in Mecklenburg County.  According to NerdWallet, its median family income is $87,045 and family income grew 29.9% from 1999-2015.

Matthews NC Relocation

Enjoy quaint shops in historic downtown Matthews NC.

Almost a quarter of Matthews families have at least one child under 18.  The Great Schools score for Matthews schools is 9.  Homes are affordable with the median home price at $216,500. Median selected homeowner costs are $1460.

Stallings NC 28104

Stallings is just to the south of Matthews in Union County.  Its population is half that of its northern neighbor.  Median family income in Stallings is $89,890.  Family income grew an astonishing 74.8% from 1999 to 2015.

Matthews NC Relocation

Stallings has a combination of suburban and rural communities.

Families with at least 1 child under 18 account for 31.7% of Stallings families.  Schools are rated a 9 with Great Schools.  The median home price is $215,700 and median homeowner costs are $1436.


Affordable Homes in Matthews NC

A search of affordable Matthews NC homes for sale includes both Matthews and Stallings.  Homes with a 28105 zip code are in Matthews while 28104 indicates an address in Stallings.  Affordable homes in Matthews NC shown here range from $100,000 to $300,000.

Most Popular Affordable Neighborhood in Matthews

Brightmoor

The Brightmoor community was built from the late 1980s through the mid 1990s.  It is a large neighborhood with swimming pools and walking trails plus an active homeowners association.

Affordable homes in Matthews NC

The Brightmoor amenity center has a clubhouse, two pools and a playground.

Twenty homes have closed in 2017.  They ranged from 1551 square feet to almost 2500 square feet.  The average sales price was $253,353.  They were on the market an average of 24 days and sold for 99.77% of list price on average.


Most Popular Affordable Neighborhood in Stallings NC

Fairhaven

Fairhaven homes were built between 2006 and 2014.  Neighborhood homes included many ranches as well as two-story homes.  All have two car garages.  The community includes a swimming pool with clubhouse.

Affordable homes in Matthews NC

The Fairhaven has a mix of ranch homes and two-story homes.

Thirty two homes have sold in Fairhaven in 2017.  The homes were as small as 1700 square feet and as large as 3000 square feet. The average sales price in Fairhaven was $251,014.  They sold in an average of 24 days at a price that was 98.8% of list on average.

active adult 55+ communities near Matthews NC
Sep 17

Cresswind | Active Adult 55+ Communities Near Matthews NC

By Carol Fox | Active Adult 55+ Communities , Matthews NC Communities

Cresswind | Active Adult 55+ Communities Near Matthews NC

Cresswind Charlotte

One of the newest active adult 55+ communities near Matthews NC, Cresswind is a short 15 minute drive to the heart of this historic town.  The homes are detached single family homes on small lots targeted to appeal to seniors, retirees and baby boomers.  The Club at Cresswind will provide amenities and activities for the 55+ lifestyle.

Both nearby Mint Hill and Matthews offer small town living for Cresswind residents.  Click to learn about other active adult 55+ communities near Matthews NC.

Cresswind Community Amenities

Resort-style amenities at The Club at Cresswind will offer activities for a variety of interests.  The Club will have indoor and outdoor pools, a full fitness center, and a clubhouse for social activities.  Outside, residents can enjoy bocce, pickleball and tennis.  A pavilion, amphitheatre, event lawn and fireplace and grilling courtyard have space for events and gatherings.

Active adult 55+ communities

The Club at Cresswind will offer resort-style amenities and social activities to residents.

Rooms inside the clubhouse will offer a full range of opportunities to meet and socialize with other active adults.  You'll find an arts and crafts room, a coffee/wine bar, demonstration kitchen, game room, multi-purpose room, parlor and yoga/aerobics studio in addition to the fitness center and indoor pool.

A number of clubs are planned for the Cresswind community.  They include arts and crafts, billiards, bocce, cards, community outreach, golf, gourmet cooking classes, learning center, pickleball, tennis and walking clubs.

Cresswind Active Adult 55+ Homes

Cresswind offers two collections of homes.  All are two or three bedroom ranches with options for upstairs suites or bonus rooms.  Front elevations include covered porches and stone, shingle and brick accents.  All homes include a two-car garage.

Active adult communities near Matthews NC

Model homes at Cresswinds Charlotte

Floor Plans and Pricing

The Trade Collection  has five floor plans ranging from 1400 square feet to over 2000 square feet heated.  All have two bedrooms on the main level with the exception of the Cypress, a three bedroom home.  In July 2017, base pricing for the Trade Collection is from $255,000 to $307,000.

Need a larger home?  The Tryon Collection offers homes from 2000 square feet heated to over 2500 square feet.  One of these is a two bedroom plan.  The rest are three bedroom homes.  July 2017 pricing for this collection is from $325,000 to $360,000.

Property Taxes and Fees

Cresswind is located in the City of Charlotte.  Homeowners pay Charlotte city taxes and Mecklenburg County taxes.  In 2017, property taxes on a home assessed at $350,000 would be approximately $4530 annually.

Cresswind homeowners association fees in 2017 are $249 per month.  Fees cover exterior lawn care of individual homes plus maintenance of common areas and amenities.

Patio Homes in Matthews NC
Aug 18

Polo Club | Patio Homes in Matthews NC | For Sale

By Carol Fox | Matthews NC Homes for Sale

Polo Club of Matthews and Polo Club at Weddington

Are you a senior searching for patio homes in Matthews NC?  You can find two active adult communities named Polo Club in the town.  Both were built by Epcon Builders in the pinwheel style of attached homes.

Learn more about Polo Club of Matthews and Polo Club at Weddington in this post.  You can also search patio homes for sale in these communities by clicking the buttons below.

Perhaps you already live in one of the Polo Club communities.  If you are thinking of a move, the market report in this post will show you what Polo Club homes are selling for now.

Polo Club:  Patio Homes for Active Adults

Polo Club of Matthews is a small community of attached one-level homes.  Built from 2004 to 2006, the buildings have attractive brick, stone and fiber cement exteriors.  Each unit has a private entrance and a one or two-car garage.

Patio homes in Matthews NC

Patio homes at Polo Club of Matthews have open floor plans.

Polo Club of Matthews is located near the heart of Matthews.  Novant Hospital and Levine Senior Center are near by as are abundant big box shopping, restaurants, pubs and other service businesses.

Polo Club at Weddington is located off Weddington Road near the Mecklenburg/Union County line.  The community has a Matthews 28105 mailing address but the older part of the neighborhood is located in Charlotte while the newest area is in the Stallings area.

Active adult 55+ communities in Matthews NC

Typical attached patio homes at Polo Club at Weddingtion

The first homes were constructed in 2007.  They are attached pinwheel style homes similar to Polo Club of Matthews.  The latter phase includes duplexes and detached homes.  The community was finished in 2014 with a total of 95 homes.

Want to learn more about the two Polo Club communities, including floor plans, taxes and fees?  Click on the button below for more information about these neighborhoods and other active adult 55+ communities in Matthews NC.

 Polo Club Market Report | Patio Homes in Matthews NC

The market for Polo Club homes is strong.  The table below compares the 2016 average sales price for units in each community with the average sales price in the first half of 2017.  In 2017, Polo Club of Matthews the average price increased 6.3% while Polo Club at Weddington increased 4.1%.

Sales 2016

Average  Sales Price

Sales Jan-Jun 2017

Average Sales Price

Change

Polo Club Matthews

4

$218,188

2

$231,950

+6.3%

Polo Club Weddington

6

$277,000

3

$288,500

+4.1%

What is your Polo Club home worth?  Call Carol Fox at 704-905-3935 to request a detailed market evaluation of your home.

Bella Sera Villas
Aug 11

Bella Sera Villas | Patio Homes in Matthews NC | For Sale

By Carol Fox | Active Adult 55+ Communities , Matthews NC Homes for Sale

Bella Sera Villas:  Patio Homes for Active Adults

Looking for patio homes in Matthews NC?  Consider Bella Sera Villas, an active adult 55+ community near historic downtown Matthews.  While not age-restricted, Bella Sera's one-story ranch style homes appeal to baby boomers and seniors.

You can learn more about the community in this post.  Search for Bella Sera Villas homes for sale here.

Perhaps you already live in Bella Sera and are thinking of a move.  The market report in this post will show you what Bella Sera homes are selling for now.​  Request a free market analysis of your Bella Sera Villas home by clicking on the button below.

Patio Home Lifestyle in Bella Sera Villas

You'll love the ranch-style homes in Bella Sera Villas.  Although most units have two bedrooms and two full bathrooms on one level, there are some homes in the community with full finished basements. 

The ranch homes range from 1500 square feet to 1900 square feet.  Adding a basement can increase the heated area to over 3000 square feet.  Each home has a large two-car garage.

Patio homes in Matthews NC

Amenities include a clubhouse, pool, walking trails and putting green.

Community amenities offer friendship and fellowship for residents of this small community.  A beautiful clubhouse includes a meeting room with stacked stone fireplace and full kitchen plus a swimming pool outside.  Other amenities include two community ponds, walking trails and a putting green.

Bella Sera Villas is within walking distance of downtown Matthews.  Shopping and entertainment venues are within a short drive.  The Levine Senior Center and Novant Hospital are nearby.  Learn more about living in Matthews.

Want to see photos and know more about Bella Sera Villas and other active adult 55+ communities in Matthews NC?  Click on the button below.

 Bella Sera Market Report | Patio Homes in Matthews NC

The market for Bella Sera homes is strong.  The table below compares the 2016 average sales price for units in each size category with the average sales price in the first half of 2017.  With the exception of the smallest units, all other homes increased in value from 2% to 4% in 2017.

  Size Range

Sales 2016

Average  Sales Price

Sales Jan-Jun 2017

Average Sales Price

Change

1500 sf

3

$229,833

3

$229,300

-.002%

1700 sf

5

$254,200

3

$262,500

+3.2%

1800-1900

4

$272,249

2

$278,000

+2.1%

3000+ sf

2

$302,500

1

$315,000

+4.1%

What is your Bella Sera Villas home worth?  Call Carol Fox at 704-905-3935 to request a detailed market evaluation of your home.

What's my Shannamara home worth?
Jul 19

Shannamara Home Values | Market Report Second Quarter 2017

By Carol Fox | Shannamara

Shannamara Home Values

Did  Shannamara home values continue to rise in the second quarter 2017?  How does the Shannamara real estate market in June 2017 compare with the 2016 market?  Check out all the numbers and key takeaways in the market report below.

Shannamara is a great neighborhood for all ages.  Its 700 homes offer opportunities to find golf course views or waterfront living.  You can one-level living and master down homes.  Homes can be as small as 1600 square feet while others are well over 5000 square feet.

Community amenities in Shannamara include the recently renovated amenity center with clubhouse and fitness room.  The swimming pool and wading pool were resurfaced, new shade structures and a new water slide were added.   A daily fee golf course, The Divide, winds through the neighborhood.  A number of social groups and events for all ages are sponsored by the Shannamara homeowners association.

Want to know more about the Shannamara community?  Click here for more information about Shannamara homes for sale and home values.

What's My Shannamara Home Worth?

Click on the button below to request an online opinion of the value of your Shannamara home.

Shannamara Market Report | Second Quarter 2017

Shannamara Home Sales | Second Quarter 2017

Seven Shannamara homes sold in the second quarter.  The average sales price was $395,857, up 4.4% over the first quarter.  Shannamara home values are up 7.4% year-to-date.

The list to sale price ratio averaged 98.09%.  These homes were on the market an average of 64 days before going under contract.  Homes sold faster and closer to asking in the second quarter.

Click here to see a 2016 Shannamara home values report. 

Address

Heated Area

List Price

Sales Price

Date Sold

4944 Shannamara Dr

3893

$429,900

$420,000

04/06/17

136 Dunraven Ct

3614

$395,000

$395,000

05/15/17

559 Ballymote Ct

3100

$410,000

$398,000

05/25/17

2042 Caernarfon

3605

$400,000

$395,000

05/31/17

5721 Bardsey Ct

3205

$389,900

$383,000

06/05/17

6114 Abergele Ln

4361

$425,000

$420,000

06/05/17

7215 Kidwelly Ln

2531

$374,900

$360,000

06/09/17

Source:  Carolina Regional Realtors Association

Shannamara Homes for Sale

Shannamara Home Values

Recently renovated swimming pool at the Shannamara amenity center

There are currently thirteen homes for sale in Shannamara.  They range in size from 2500 square feet to almost 4000 square feet.  Pricing starts at $359,500 and goes to $489,000.

Click on the button below to see all Shannamara homes for sale.


Matthews NC Home Values Report
Jul 14

Matthews NC Home Values Report | Second Quarter 2017

By Carol Fox | Matthews NC Market Reports

Matthews NC Home Values Report | Second Quarter 2017

Thinking of selling or buying a Matthews NC home?  Matthews NC home values continue to rise.  How much are prices increasing?  How long will it take to sell your home?  How much competition will you have for a Matthews home if you are a buyer? 

What are the trends in the second quarter and first half of 2017?  Click here to compare 2017 home values so far with Matthews NC home values in 2015 and 2016.

The report will help you understand what your Matthews NC home is worth whether you own a luxury home, a town home or a home with acreage.  If you are a buyer, you can learn about the real estate market for different types of housing as well.

If you are curious about the value of your Matthews NC home, click on the "What's My Matthews NC Home Worth?" button below to request an online comparative analysis.  Or call Carol Fox at 704-905-3935 for a detailed opinion of your home value.

All statistics in this report are supplied by the Carolina Multiple Listing Service.

Use the Quick Navigation guide below to quickly find the report sections that interest you.

Matthews NC Home Prices

Were Matthews NC home values up or down in the first half of 2017?

The tables below show changes in the average and median sales prices for Matthews NC homes in zip codes 28105 and 28104. 

Single family values are shown in one table while prices for condos and townhomes are shown in the second table.  Each table compares 2016 home prices with changes in the second quarter of 2017.  The table also includes the year-to-date change in home values.

Average and Median Sales Prices for Single Family Homes



2016

2017 Q1

2017 Q2

Change Q1-2

YTD Change

28105

Average Sales Price


$273,379

$287,319

$338,920

+17.9%

+17.0%

Median Sales Price

$244,900

$272,000

$290,000

+6.6%

+16.3%

28104





Average Sales Price

$408,330

$384,456

$433,061

+12.6%

+4.8%

Median Sales Price

$408,330

$384,456

$402,345

+4.6%

-3.7%

Average and Median Sales Prices for Condos and Townhomes



2016

2017 Q1

2017 Q2

Change Q1-2

YTD Change

28105

Average Sales Price


$189,271

$223,923

$189,470

-15.3%

+14.4%

Median Sales Price

$145,000

$230,000

$151,000

-34.3%

+31.0%

28104





Average Sales Price

$148,079

$150,409

$155,921

+3.6%

+4.9%

Median Sales Price

$142,950

$152,000

$149,900

-1.3%

5.6%

Matthews Home Values Key Takeways 

Matthews NC home values are rising.  Let's dig a little deeper in these key takeaways from the tables above.

  • Average sales prices for single family homes in Matthews NC 28105 increased 17% year-to-date.  At 4.8%, the rate of increase was much slower in Matthews NC 28104 although the average sales price was much higher.
  • The average sales price increase for condominiums and townhomes also showed a greater increase in 28105 over 28104.  The year-to-date increase in 28105 was 14.4% versus 4.9% in 28104.

Buyer's Market or Seller's Market in Matthews NC?

Average sales price is not the only consideration when you ask "What's my Matthews NC home worth?  You also need to look at how many homes will be competing with you, how long they stay on the market and how close to asking price is the closed price.

The table below shows some of these statistics.  More homes sold in Matthews NC in the second quarter of the year while days on market declined.   They continued to command roughly 98% to 99% of asking price.

28105

28104

Single Family

Condos


Single Family

Condos

Home Sold 2017 Q2

137

23

177

17

Average Days on Market

35

27

58

25

Average List to Sale Ratio

98.88%

98.32%

99.41%

97.62%

The strong sellers market in Matthews NC continued in the second quarter.  As of June 2017, there were only 2.4 months supply of homes in Matthews NC 28105 and 3.9 months supply in Matthews NC 28104.  While supply was up slightly over the first quarter in 28105, it tightened in 28104.

A balanced market between buyers and sellers would have a six months supply.  Matthews NC home values rise in a seller's market.

Matthews NC Property Types  Market Report

Second Quarter 2017

Luxury Homes in Matthews NC

If your dream is to own a luxury home in Matthews, you will find a variety of choices.  Luxury homes are defined here as those with values above $750,000.

Matthews NC home values

Typical example of a Matthews NC luxury home.

The table below shows statistics from the second quarter 2017 market for luxury homes in Matthews NC 28105 and Matthews NC 28104.

Matthews Luxury Homes

28105

28104

Closed Sales

5

17

Heated Area Range

3753-6000

3967-11,542

Highest Sales Price

$1,275,000

$1,650,000

Average Sales Price

$938,585

$934,270

Median Sales Price

$871,000

$859,000

Average Days on Market

12

94

Average List to Sale Ratio

98.93%

99.54%

  • The number of luxury homes sold in the second quarter increased in both 28105 and 28104.
  • The average and median sales price was similar in both zip codes.  Days on market decreased substantially in each area while the list to sale ratio increased to approximately 99%.

Affordable Homes in Matthews NC

Yes, you can find an affordable home in Matthews NC!  Affordable homes, which include townhomes as well as single family homes, are defined here as those priced under $300,000.

Matthews NC home values

Typical affordable home in Matthews NC.

The table below shows statistics from the 2016 affordable home market in Matthews NC 28105 and Matthews NC 28104.

Matthews Affordable Homes

28105

28104

Closed Sales

79

62

Heated Area Range

1193-3344

1018-3085

Lowest Sales Price

$143,500

$138,000

Average Sales Price

$235,553

$212,951

Median Sales Price

$255,000

$226,573

Average Days on Market

24

12

Average List to Sale Ratio

98.70%

100.66%

  • There were more affordable homes sold in 28105 in the second quarter 2017.  The average sales price at $235,553 was also higher in 28105.
  • The second quarter 2017 average sales price in 28105 increased 1.1% over the first quarter average price.  In 28104, the second quarter average sales price increased 6.3%.
  • Demand for affordable homes was very strong with days on market dropping to 24 in 28105 and 12 in 28104. Contract prices rose to 98.7% and 100.66% of list. 

Ranch Homes in Matthews NC

Empty nesters, baby boomers, retirees and seniors will find an abundance of ranch homes in Matthews NC.  Some neighborhoods target the active adult 55+ population while others are simply great areas to find one level living for any age.

Ranch and patio homes in Matthews NC

Typical Matthews NC ranch or patio home.

The Matthews NC home values for ranches shown in the table below include homes with one level or one level plus a finished room over the garage.  They include patio homes and townhomes as well as single family homes.

Matthews Ranch Homes

28105

28104

Closed Sales

25

37

Heated Area Range

1114-2564

1018-4307

Closed Price Range

$143,500-$515,500

$138,000-$871,742

Average Sales Price

$261,118

$273,771

Median Sales Price

$245,000

$200,000

Average Days on Market

27

16

Average List to Sale Ratio

97.57%

100.82%

  • In the second quarter of 2017, more ranch homes sold in Matthews NC 28104 than in 28105.  The average sales price for ranches was also higher in 28104.  Matthews NC home values for ranches are likely higher in 28104 because the housing stock is generally newer than in 28105 with some new active adult 55+ communities under construction.
  • Ranch homes in both areas sell very quickly.  Ranches in 28104 sold on the average in 16 days, much faster than in 28105, and at over 100% of asking. 

Homes with Acreage in Matthews NC

Looking for a little space around your home?  Perhaps a minifarm for the horses and dogs?  A number of sellers sold their homes with acreage in Matthews NC in the second quarter of 2017.

The table below shows statistics for acreage homes in Matthews.  Homes with at least an acre are included in the table.

Homes with acreage in Matthews NC

Typical home with acreage in Matthews NC.

Matthews Acreage Homes

28105

28104

Closed Sales

6

30

Closed Price Range

$170,000-$485,000

$177,500-$1,650,000

Acreage Range

1.05-4.25

1-12.47

Average Sales Price

$343,083

$509,805

Median Sales Price

$344,250

$447,500

Average Days on Market

121

86

Average List to Sale Ratio

95.4%

98.47%

  • With Matthews NC 28104 a more rural area than 28105, it's not surprising that there were five times as many acreage home sales in 28104.  The amount of acreage sold was higher as well as were the Matthews NC home values in each pricing category.
  • Homes with acreage take longer to sell than most homes do currently.  Acreage homes in Matthews NC 28105 sold in an average of 121 days.  28104 acreage homes were on the market an average of 86 days in the second quarter.

New Construction in Matthews NC

If a new home is your preference, you can find it in Matthews.  The table below shows statistics for new construction homes listed in the Carolina Multiple Listing Service.  It's important to understand that not all new homes are listed through MLS as builders will often contract with purchasers without entering the sale in the MLS.

New construction in Matthews NC is quite different in the two zip codes.  Because Matthews NC 28105 is mostly developed, new construction tends to be in smaller subdivisions or on individual lots, including the tear down of older homes.  The availability of large tracts of raw land in Matthews NC 28104 gives builders the opportunity to create large new communities.

New construction can also affect Matthews NC home values for resale homes.  As many people prefer a new home over a resale home, the proximity of new homes in the same price range as your resale home can moderate the value of your home.

New construction in Matthews NC

Typical model home in a Matthews NC new home community.

Matthews New Homes

28105

28104

Closed Sales

9

42

Closed Price Range

$316,515-966,926

$348,349-$1,025,599

Heated Area Range

2350-4352

1776-5824

Average Sales Price

$500,078

$562,435

Median Sales Price

$399,000

$496,089

Average Days on Market

76

90

Average List to Sale Ratio

99.56%

99.95%

  • There were only nine new home closings in Matthews NC 28105 in the second quarter of 2017.  In contrast, Matthews NC 28104 had 42 new home closings.
  • Average and median sales prices for new construction are substantially higher than the pricing for the Matthews market in general.  The average sales prices in the second quarter were over $500,000.

Thinking about selling your Matthews NC home?

The supply of homes in Matthews is tight and prices are rising.  A professional market analysis of your home will help you understand Matthews NC home values and get the highest reward from your sale.

Call me to schedule a free, no-obligation evaluation of your home's value.

Other Resources

Matthews NC Home Values Report  Quarter 1 2017

How to Improve the Value of Your Matthews NC Home​

What's my Shannamara home worth?
Apr 18

What’s My Shannamara Home Worth? | Market Report First Quarter 2017

By Carol Fox | Matthews NC Homes for Sale , Shannamara

What's my Shannamara home worth?  Are Shannamara home values increasing or decreasing?  Learn about the real estate market in the first quarter of 2017 in this home values report.

Shannamara is a community of over 700 homes located in the Stevens Mill area of Matthews NC.  Built over a period of ten years, the neighborhood includes a variety of home types where you can find a small ranch, a generous-sized two-story home or a basement home.  The Divide golf course winds through the neighborhood allowing some homeowners to be on the golf course or have golf course views.  You can also find some waterfront homes around a private lake in the community.

Want to know more about the Shannamara community?  Click here for more information about Shannamara homes for sale and home values.

What's My Shannamara Home Worth?

Click on the button below to request a free opinion of value of your Shannamara home.

Shannamara Market Report First Quarter 2017

Shannamara Home Sales | First Quarter 2017

Inventory continued to be tight with only seven homes sold.  The average sales price in Shannamara in the first quarter was $379,071, a 5.5% increase over the average sales price in 2016.

The list to sale price ratio averaged 97.58%.  These homes were on the market an average of 81 days before going under contract.

Click here to see a 2016 Shannamara home values report. 

Address

Heated Area

List Price

Sales Price

Date Sold

6160 Abergele Ln

2156

$332,000

$312,500

01/04/17

6103 Abergele Ln

3685

$359,900

$357,500

01/05/17

9114 Tenby Ln

3245

$415,000

$399,500

01/09/17

914 Bailey Ct

2703

$384,900

$375,000

01/27/17

856 Clonmel Dr

3608

$499,900

$495,000

02/02/17

8109 Glamorgan Ln

2642

$349,900

$399,900

02/21/17

2202 Caenarfon Ln

2643

$375,000

$375,000

03/31/17

Source:  Carolina Regional Realtors Association

Shannamara Homes for Sale

Shannamara home values report

Typical two-story home in Shannamara.

There are currently 7 homes for sale in Shannamara.  They range in price from $374,900 to $525,000.  The smallest home has 2948 square feet and the largest has 4361 square feet.

Four Shannamara homes are currently under contract ranging in price from $369,000 to $395,000.  Days on market for these homes averaged 24 days.


Matthews NC Home Values Report
Apr 04

Matthews NC Home Values Report | First Quarter 2017

By Carol Fox | Matthews NC Market Reports

Matthews NC Home Values Report | First Quarter 2017

Thinking of selling or buying a Matthews NC home?  Matthews NC home values continue to rise.  How much are prices increasing?  How long will it take to sell your home?  How much competition will you have for a Matthews home if you are a buyer? 

What are the trends in the first quarter of 2017?  Click here to compare the first quarter with Matthews NC home values in 2015 and 2016.

The report will help you understand what your Matthews NC home is worth whether you own a luxury home, a town home or a home with acreage.  If you are a buyer, you can learn about the real estate market for different types of housing as well.

If you are curious about the value of your Matthews NC home, click on the "What's My Matthews NC Home Worth?" button below to request an online comparative analysis.  Or call Carol Fox at 704-905-3935 for a detailed opinion of your home value.

All statistics in this report are supplied by the Carolina Multiple Listing Service.

Use the Quick Navigation guide below to quickly find the report sections that interest you.

Matthews NC Home Prices

Were Matthews NC home values up or down in the first quarter of 2017?

The tables below show changes in the average and median sales prices for Matthews NC homes in zip codes 28105 and 28104.  .

Single family values are shown in one table while prices for condos and townhomes are shown in the second table.  Each table compares 2016 home prices with changes in the first quarter of 2017.

Average and Median Sales Prices for Single Family Homes

28105

28104

  2016

2017 Q1

Change

2016

2017 Q1

Change

Average Sales Price

$273,379


$287,319

+5.0%

 $408,330

$427201

+4.6%

Median Sales Price

$244,900

$272,000

+11.0%

$408,330

$384,456

-5.7%

Average and Median Sales Prices for Condos and Townhomes

28105

28104

2016

2017 Q1

Change

2016

2017 Q1

Change

Average Sales Price

$189,271

$223,923

+18.3%

$148,079

$150,409

+1.5%

Median Sales Price

$145,000

$230,000

+58.6%

$142,950

$152,000

+6.3%

Matthews NC Home Values Key Takeaways

  • In the first quarter of 2017, the average single family home prices increased approximately 5% in both 28105 and 28104. 
  • Median sales price increases for single family homes were not uniform like the average sales price increases in the first quarter.  The median price in Matthews 28105 saw an increase of 11% while the median price in 28104 decreased 5.7%.  The 28105 median price increase was likely due to more higher price homes on the market.  The decrease in 28104 probably reflects the predominance of lower-priced resale homes over new construction in the first quarter.
  • Condos and townhomes in 28105 saw a surge in both average and median sales prices in the first quarter.  Increasing prices and higher priced units on the market accounted for the increases.
  • Condominium and townhomes prices in Matthews 28104 were more stable in the first quarter.  The average sales price increased 1.5% and the median price increased 6.3%.

Buyer's Market or Seller's Market in Matthews NC?

Average sales price is not the only consideration when you ask "What's my Matthews NC home worth?  You also need to look at how many homes will be competing with you, how long they stay on the market and how close to asking price is the closed price.

The table below shows some of these statistics.  More single family homes sold in Matthews NC 28104 than in 28105.  The number of condos and townhomes sold was similar in each zip code. 

Homes took slightly longer to go under contract in the first quarter of 2017.  They continued to sell at about 98% of list price.

28105

28104

Single Family

Condos


Single Family

Condos

Home Sold 2017 Q1

81

13

129

11

Average Days on Market

55

55

77

25

Average List to Sale Ratio

98.56%

98.19%

98.31%

98.24%

First quarter 2017 market conditions in Matthews NC continue a strong seller's market. As of March 2017, there were only 2.2 months supply of homes in Matthews NC 28105 and 4.1 months supply in Matthews NC 28104.  The supply shows a slight increase over January 1, 2017 reflecting the greater inventory of the spring season.

A balanced market between buyers and sellers would have a six months supply.  Matthews NC home values rise in a seller's market.

Matthews NC Property Types  Market Report First Quarter 2017

Luxury Homes in Matthews NC

If your dream is to own a luxury home in Matthews, you will find a variety of choices.  Luxury homes are defined here as those with values above $750,000.

Matthews NC home values

Typical example of a Matthews NC luxury home.

The table below shows statistics from the first quarter 2017 market for luxury homes in Matthews NC 28105 and Matthews NC 28104.

Matthews Luxury Homes

28105

28104

Closed Sales

1

12

Heated Area Range

4110

3939-9208

Highest Sales Price

$870,000

$1,800,000

Average Sales Price

$870,000

$1,089,535

Median Sales Price

$870.000

$1,041,875

Average Days on Market

68

155

Average List to Sale Ratio

97.21%

94.95%

  • There was only one luxury home sold in 28105 in the first quarter of 2017.
  • Twelve luxury homes sold in Matthews NC 28104 in the first quarter.  The average sales price was up 16.8% over the 2016 average.  The median sales price rose 24.6% in the first quarter 2017.

Affordable Homes in Matthews NC

Yes, you can find an affordable home in Matthews NC!  Affordable homes, which include townhomes as well as single family homes, are defined here as those priced under $300,000.

Matthews NC home values

Typical affordable home in Matthews NC.

The table below shows statistics from the 2016 affordable home market in Matthews NC 28105 and Matthews NC 28104.

Matthews Affordable Homes

28105

28104

Closed Sales

57

44

Heated Area Range

1160-3212

920-3096

Lowest Sales Price

$130,000

$98,000

Average Sales Price

$232,980

$212,951

Median Sales Price

$236,000

$209,695

Average Days on Market

36

32

Average List to Sale Ratio

98.58%

99.61%

  • There were slightly more affordable homes sold in 28105 in the first quarter 2017.  The average sales price at $232,980 was higher in 28105.
  • The first quarter 2017 average sales price in 28105 increased 10% over the average price in 2016.  In 28104, the first quarter average sales price dropped 2.8%.
  • Demand for affordable homes was very strong with home on the market an average of 30 days and contract prices at 98% and 99% of list.  In 28104, inventory is especially tight with homes selling at almost 100% of asking price on average.

Ranch Homes in Matthews NC

Empty nesters, baby boomers, retirees and seniors will find an abundance of ranch homes in Matthews NC.  Some neighborhoods target the active adult 55+ population while others are simply great areas to find one level living for any age.

Ranch and patio homes in Matthews NC

Typical Matthews NC ranch or patio home.

The Matthews NC home values for ranches shown in the table below include homes with one level or one level plus a finished room over the garage.  They include patio homes and townhomes as well as single family homes.

Matthews Ranch Homes

28105

28104

Closed Sales

13

27

Heated Area Range

1177-2284

920-3350

Closed Price Range

$150,000-$318,000

$98,000-$416,000

Average Sales Price

$210,800

$239,572

Median Sales Price

$180,000

$186,000

Average Days on Market

47

26

Average List to Sale Ratio

98.02%

98.95%

  • In the first quarter of 2017, there were twice as many ranch homes in Matthews NC 28104 sold than in 28105.  The average sales price for ranches was also higher in 28104.  Matthews NC home values for ranches are likely higher in 28104 because the housing stock is generally newer than in 28105.
  • Ranch homes in both areas sell very quickly.  Ranches in 28104 sold on the average in 26 days, much faster than in 28105, and at almost 99% of asking.

Homes with Acreage in Matthews NC

Looking for a little space around your home?  Perhaps a minifarm for the horses and dogs?  A number of sellers sold their homes with acreage in Matthews NC in 2016.

The table below shows statistics for acreage homes in Matthews.  Homes with at least an acre are included in the table.

Homes with acreage in Matthews NC

Typical home with acreage in Matthews NC.

Matthews Acreage Homes

28105

28104

Closed Sales

4

27

Closed Price Range

$200,000-$430,000

$185,000-$1,800,000

Acreage Range

1.00-1.88

1-5

Average Sales Price

$323,000

$596,899

Median Sales Price

$331,000

$421,000

Average Days on Market

84

124

Average List to Sale Ratio

98.43%

96.55%

  • With Matthews NC 28104 a more rural area than 28105, it's not surprising that there were six times as many acreage home sales in 28104.  The amount of acreage sold was higher as well as were the Matthews NC home values in each pricing category..
  • Homes with acreage take longer to sell than most homes do currently.  Acreage homes in Matthews NC 28105 sold in an average of 84 days.  28104 acreage homes were on the market an average of 124 days in the first quarter.

New Construction in Matthews NC

If a new home is your preference, you can find it in Matthews.  The table below shows statistics for new construction homes listed in the Carolina Multiple Listing Service.  It's important to understand that not all new homes are listed through MLS as builders will often contract with purchasers without entering the sale in the MLS.

New construction in Matthews NC is quite different in the two zip codes.  Because Matthews NC 28105 is mostly developed, new construction tends to be in smaller subdivisions or on individual lots, including the tear down of older homes.  The availability of large tracts of raw land in Matthews NC 28104 gives builders the opportunity to create large new communities.

New construction can also affect Matthews NC home values for resale homes.  As many people prefer a new home over a resale home, the proximity of new homes in the same price range as your resale home can moderate the value of your home.

New construction in Matthews NC

Typical model home in a Matthews NC new home community.

Matthews New Homes

28105

28104

Closed Sales

1

41

Closed Price Range

$302,000

$192,000-$1,390,355

Heated Area Range

2660

1533-6547

Average Sales Price

$302,000

$470,970

Median Sales Price

$302,000

$426,160

Average Days on Market

394

70

Average List to Sale Ratio

101.3%

99.18%

  • There was only one new home closing in Matthews NC 28105 in the first quarter of 2017.  In contrast, Matthews NC 28104 had 41 new home closings.
  • Average and median sales prices for new construction are substantially higher than the pricing for the Matthews market in general.  The average sales price in 28104 in the first quarter was $470,970.

Thinking about selling your Matthews NC home?

The supply of homes in Matthews is tight and prices are rising.  A professional market analysis of your home will help you understand Matthews NC home values and get the highest reward from your sale.

Call me to schedule a free, no-obligation evaluation of your home's value.

Matthews NC home value
Mar 08

Easy Steps to Improve Your Matthews NC Home Value

By Carol Fox | Matthews NC Homes for Sale

Planning to sell your Matthews NC home?  Your first thought is probably "How much is my home worth?"  Your second thought is "How can I increase my Matthews NC home value?"

Don't sabotage your home sale.  Read these stories of Donna and Melissa, a home buyer and a home seller.  Their experiences in the market place can teach you how easy it is to improve the value of your Matthews NC home.

Will the three Ds Sabotage Your Matthews NC Home Value?

Donna, one of my current home buyer clients, is very organized in her approach to finding a home. She takes notes on each house that we view. This helps her remember the details and pluses and minuses of each property later when she turns to the process of eliminating those that won’t work for her family.

Last week as we toured a home, Donna made the comment that she could easily rate the property. She was going to give it three Ds. Curious, I asked her what three Ds meant. “Dark, dirty and dated,” she replied.

Dark, dirty and dated.

Those three Ds describe why so many Matthews homes don’t sell for as much as their competition. It amazes me that some home sellers sabotage their home sales with the three Ds when the fixes for these problems can be so simple and mostly inexpensive. Here are some tips for ensuring that your home doesn’t get graded with three Ds.

Dark

This is so easy. Turn all the lights on. Every light in the house, including the lamps. If you have a room that has dark corners, buy an inexpensive pole lamp for uplighting. Open the blinds, shades and curtains. The right amount of light can turn a dungeon into a delight. Why would you let a few pennies for electricity keep you from getting the most value for your biggest investment?

Dirty

Improve Matthews NC home value

One of the easiest ways to improve your home's value is to make it sparkle.

Come on. Buyers don’t want to move into someone else’s filthy home. They notice the ugly stained bathtubs and showers, the spotted carpets, the dusty knickknacks, the dirty windows. They smell your cats and dogs and the fish you had for dinner last night. If you are unable to make your home sparkle for showings, hire someone to clean it for you. Clear out the animal dishes and kitty litter. Remember, if it smells, it won’t sell.

Dated

Yes, updating a home can get expensive. But there are some simple, relatively inexpensive things that you can do to make your home less dated. Do you still have shiny brass fixtures? Shiny brass is out! Replace those light fixtures, faucets and kitchen hardware with something in today’s popular finishes. Updated fixtures can change a home’s look dramatically. You will also get a lot of bang for your buck if you paint your rooms with dark or bold colors a fresh neutral color. Getting a little more expensive, replace that worn out carpet. It doesn’t have to be the most expensive carpet, just new and neutral. The kitchen is everyone’s favorite room. Replacing old appliances and countertops will help you sell your home at top price because buyers won’t be thinking of what they have to do to make the home livable for them.

Don’t let Donna’s three Ds sabotage your Matthews NC home value. Take some steps to keep your home from being labeled dark, dirty and dated. Change one of your biggest investments from DISGUSTING to DELIGHTFUL. Donna would approve.

How Melissa Sold Her Matthews NC Home for More in Less Time

Location. Price. Condition. The mantra of every good listing agent. This is the story of how one Matthews NC home seller, Melissa, worked on “Condition” and had her home under contract at top price quickly.

Every Matthews NC seller can learn lessons from Melissa’s home-selling odyssey. Although we are currently in a sellers market, not every home sells.  Some languish on the market in spite of tremendous buyer demand.

Melissa started the process with a listing agent who did not stress the importance of the internet in marketing to today’s buyers. Melissa didn’t understand that good photography of her home’s interior and having her home freshened and staged to enable good photography were the basic elements of a successful strategy to sell her home. The result was that Melissa wasted six months and a lot of showings with potential buyers before the listing expired and she decided to make some changes.

What were the simple and relatively inexpensive things that Melissa did to improve her home’s appeal?

Matthews NC home value

Remove furniture, paint walls a neutral color, update carpet and fixtures to improve your home's value.

  1. Melissa removed excessive furniture and packed up books and accessories to reduce visual clutter. She reduced the furniture in her great room to a love seat, a coffee table, a small chair and area rug. The room immediately felt spacious.
  2. Melissa repainted her dreary white walls with an updated tan color. She added chocolate accents in her hall bath and master bedroom ceiling. She made the rooms pop with a few mirrors and several pieces of colorful artwork.
  3. Melissa replaced outdated ceiling fans and light fixtures with new chandeliers and lights.
  4. Melissa removed window treatments and blinds to brighten interior rooms and provide views of her pretty backyard.
  5. Melissa created simple seating areas on her screen porch and on the backyard patio so that buyers could envision how they would use these areas.
  6. Melissa cleaned her carpets and made the rest of the home sparkling clean.

When her home’s makeover was complete, Melissa relisted her home with an agent who knew how to market the home where home buyers are looking—the internet. Professional photographs that showcased the best features of the interior and exterior were taken and uploaded to various websites. Showings began, offers multiplied and soon the house was under contract.

Best of all. Melissa did not have to reduce her price to get her home sold.  In fact, she got more for her home than she expected.  Let Melissa's experience help you improve your Matthews NC home value.

Ready to Sell?

Are you ready to sell your Matthews NC home?  Please contact me for a more detailed opinion of value and a description of my real estate services for sellers.  Just click on the button below to contact me via email or feel free to give me a call at 704-905-3935.

What's my Shannamara home worth?
Jan 07

Shannamara in Matthews NC|2016 Home Values Report

By Carol Fox | Shannamara

Are you a buyer looking for a golf course community in Matthews NC?  Shannamara, a community of over 700 homes built along the fairways of The Divide golf course, may be the perfect fit for you.  You can learn about the neighborhood real estate market in this Shannamara home values report for 2016.  Search for Shannamara homes by clicking the button below.

If you are a current homeowner, you may be curious about Shannamara home values as well.  What is the average sales price?  Are prices rising or declining?  How long will it take me to sell my house?  You can see the statistics in this report and request a free online market evaluation of your property below.

Shannamara Home Values Report 2016

The following information compares Shannamara home values in 2016 with the neighborhood market in 2015.  You can see a historical view of the Shannamara real estate market here.  All statistics are from the Carolina Multiple Listing Service.

Shannamara Real Estate Market Comparison   2015-2016


2015

2016

Homes Sold

47

38

Average Sales Price

$354,152

$359,013

Median Sales Price

$340,000

$345,000

Heated Area Range

1910 sf-4542 sf

1853 sf-4639sf

Average Days on Market

80

63

List to Sale Ratio

97.44%

98.21%

Key Takeways

  • Home prices continued to rise in 2016.  The average sales price increased in 2016 by 1.3%.
  • Fewer homes sold in 2016 resulting in faster sales and closing prices closer to asking.  Average days on market dropped approximately 21% to 63 days.  The list to sale ratio increased to over 98%.

Shannamara Home Values by Home Size, Style and Location

If you are a Shannamara home seller, you may not have your home value questions answered by the general statistics in the table above.  How does the size of your home affect your pricing?  What about homes located on the golf course?  How popular were homes with master bedrooms on the main level?  Let's drill down to learn more about various types of homes in Shannamara in the tables below.

Shannamara Golf Course Homes

Shannamara golf course homes

The Divide golf course winds through Shannamara.

Ten golf course homes sold in 2016.  They ranged in size from 2366 square feet to 4260 square feet.  The average price was $364,970 slightly higher than the average price for the whole neighborhood.  Golf course homes in Shannamara were on the market an average of 87 days and sold at an average of 97.94% of asking.

Shannamara Home Values by Size of Home


Below 3000 SF

3000-4000 SF

Above 4000 SF

Homes Sold

18

18

2

Average Price

$325,433

$371,378

$549,950

Median Price

$330,500

$365,500

$549,950

Days on Market

64

67

22

List to Sale

98.14%

98.31%

97.88%

The top price for homes under 3000 square feet was $370,000 in 2016.  Homes with at least 3000 square feet could be found at a bottom price of $324,000.  The top price of any home sold in Shannamara in 2016 was $570,000.

Shannamara Homes with Master Bedroom on Main Level

Luxury homes in Matthews NC

Typical example of a Shannamara home with a master bedroom on the main level

Shannamara is a great place to find homes with master bedrooms on the main level.  Fourteen of these homes sold in 2016 at an average sales price of $376,693.  These homes averaged 46 days on the market selling about 36% faster than neighborhood homes in general.  Sold prices averaged 98.4% of asking.

Learn more.

Shannamara Market Report  First Quarter 2017