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.

Matthews NC homes for sale, Matthews NC 28104
Jan 07

4001 Amen Court|Matthews NC Basement Home for Sale

By Carol Fox | Matthews NC Homes for Sale

4001 Amen Court, a Matthews NC Basement Home for Sale

As you search Matthews NC homes for sale, is it difficult to find a basement home?  You may want to use the basement as a teenagers hang out or perhaps you need an in-law or mother-daughter suite.  If so, 4001 Amen Court may be the perfect home for you.  This Matthews NC basement home is located in the Emerald Lake golf course community.

Let me take you on a photo tour of this beautiful home.  Contact me to visit this Matthews NC property or for a list of other Matthews NC basement homes.

Main Level

Discover this stately full-brick home on a cul-de-sac street in the golf course community of Emerald Lake. A long drive with plenty of parking leads to the generous side-load garage. Under the covered front porch, a handsome front door with leaded glass insert welcomes you inside.

Sunlight streams into the two-story foyer where warm wood flooring, a pretty turned staircase with wooden treads and an upstairs overlook set the tone for the custom features inside.

Matthews NC homes for sale

Bright two-story foyer with turned staircase.

A formal living room to the left of the foyer is the perfect spot to greet guests or spend a sunny afternoon reading. A cathedral ceiling and arched opening supported on beautifully detailed columns add interest to this room and the formal dining room beyond. Beautiful wood flooring makes this open area flow together for entertaining. The formal dining room is spacious enough for plentiful seating and several additional pieces of furniture. Crown and chair rail molding creates an intimate space for dinner with family and friends.

Matthews NC homes for sale

Beautiful wood flooring and extensive millwork dress up the open living dining room areas.

4001 Amen Court  Matthews NC

This elegant formal dining room accommodates a long table and other pieces of furniture.

The open floor plan continues along the back of the home where you will find a two-story great room separated from the kitchen by architectural columns and an arched opening. The hallway upstairs has an overlook into the great room. Two tiers of windows provide views of the deck and wooded areas in the backyard. Enjoy cozy winter evenings by the gas log fireplace with handsome mantel. The great room includes a paddle fan.

Matthews NC homes for sale

A spacious great room is open to the kitchen making entertaining and conversation easy.

Matthews NC basement home for sale

A two-story wall of windows in the great room provides sunlight and wonderful views of the backyard.

The heart of this home is the cook's kitchen with its abundant cabinetry and extensive counter space. Double Palladian windows over the sink add interest. The cabinetry includes roll-out drawers, a lazy susan, a wine rack and a section with glass doors for decorative items. Illuminated by under-cabinet lighting, a tile back splash complements the counter tops. A pantry provides additional storage. Appliances include a gas cook top in the island, dishwasher, refrigerator and microwave/oven in the wall. The breakfast area is set into a bay window between the kitchen and the great room.  This kitchen/breakfast area is a jewel in any Matthews NC homes for sale search.

Matthews NC basement home

Abundant cabinetry and extensive counter space are features of the cook's kitchen at 4001 Amen Court.

4001 Amen Court Matthews NC 28104

Appliances at 4001 Amen Court include a gas cooktop at the island, a dishwasher, microwave and refrigerator.

Matthews NC homes for sale

Watch the birds and enjoy the sunshine while having your morning coffee in the breakfast area.

You'll a find bedroom with access to a full bath tucked into a quiet spot to the right of the foyer,. Use this area as a main level guest suite or peaceful office space.

Matthews NC basement home

A guest room with adjacent full bath on the main level also makes a great office.

Upper Level

The upstairs master suite is a luxurious area with tray ceiling and paddle fan. It accommodates large furniture with room to spare. The master bedroom includes a big deep walk-in closet. A large sitting area with Palladian window and cathedral ceiling is part of the master suite. Picture using the sitting area space for relaxing, a nursery or an office. You'll find storage under the eaves in this room.

Feel like you are in a spa in the master bathroom. Beautiful tile work surrounds the garden tub and separate shower. This room includes his and her adult-height vanities, a linen closet and a water closet. This space is bright from the large window over the tub and the cathedral ceiling.

Two secondary bedrooms connected by a jack and jill bathroom complete the upstairs. Both bedrooms have fans. The bathroom has double sinks and a tile floor. You'll find the laundry with cabinetry, shelving and a wash sink on the second level. A linen closet is found in the hallway outside the secondary bedrooms.

4001 Amen Court Matthews NC 28104

The spacious upstairs master suite include a large bedroom plus sitting room and luxury bath.

Emerald Lake golf course community

Feel like you are in a spa in the master bathroom at 4001 Amen Court.

Basement Level

Imagine the possibilities for the lower level of this Matthews NC basement home. A concrete patio and outside entrance provide a private entrance for this suite. The area is perfect as separate quarters for in-laws or adult children. Or use it as entertainment space for teens.

The basement kitchen includes a large space for dining or entertaining. The kitchen has ample cabinetry and enough counter space to make the suite very livable. Appliances include a refrigerator, stove and microwave.

The fifth bedroom is found in the basement. This room has a paddle fan and closet. A full bath is nearby. The basement suite also includes a room that can be used as a sitting room, an exercise room or even a sixth bedroom. This room includes a storage closet under the stairs.

Matthews NC Basement Home

The basement level of this home has an exterior entrance with patio.

Matthews NC Basement Home

The second kitchen on the basement level makes the space great for entertaining or perfect for an in-law suite.

Matthews NC Basement Home

The suite on the lower level includes a kitchen, a bedroom and full bath plus a living room.

Exterior

There is plenty of space on this half-acre lot for all manner of outdoor activities. Relax, entertain or dine on the deck. Play ball or garden in the backyard. Enjoy the wooded backdrop of this Matthews NC basement home.

Matthews NC Mother-Daughter Home

Enjoy relaxing or dining on the rear deck.

Matthews NC In-Law Suite

The backyard has a wooded backdrop for privacy.

Emerald Lake-Matthews NC Homes for Sale

Matthews NC golf course communities

Homes in Emerald Lake are built around the Emerald Lake Golf Club.

You'll find this Matthews NC basement home in Emerald Lake, a golf course community of custom and semi-custom homes built from the mid-1990s until the mid-2000s.  Homes have exteriors of full-brick or full-brick with stone.  Many are ranches or have master bedrooms on the main level.  Emerald Lake homes range in size from approximately 2300 square feet to over 4000 square feet.

Emerald Lake is located off Lawyers Road within a mile of an interchange with I-485.  The Stevens Mill Crossing shopping center near the interchange has a Harris Teeter grocery store, several restaurants, a car service store, a gas station and other service businesses.  Sidewalks along Lawyers Road put Emerald Lake within walking distance of the shopping center.

Emerald Lake in Matthews NC

Amenities in Emerald Lake include a community playground.

Emerald Lake homeowners pay Stallings property taxes although the mailing address is Matthews NC 28104.  Stallings provides garbage pickup, police service and street lights for the neighborhood.

The Emerald Lake Golf Club is open to the public but also sells memberships.  Homeowners association fees don't include fees for the golf club. The course offers men's and women's leagues, junior camps, clinics and private lessons.  Other amenities in Emerald Lake include a playground.

Emerald Lake students are assigned to Fairview Elementary, Piedmont Middle and Piedmont High Schools.  There are several charter and private schools within a few miles of the neighborhood.

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

Matthews NC Home Values Report
Jan 07

Matthews NC Home Values Report 2016

By Carol Fox | Matthews NC Market Reports

Matthews NC Home Values Report 2016

What happened to Matthews NC home values in 2016?  This report will show you how home prices in Matthews NC changed last year as well as how long it took to sell a Matthews home and how closed prices compared to the list prices.

The report will also 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.

Click here to learn how Matthews NC home values changed in the first quarter of 2017.

Matthews NC Home Prices

The tables below show average and median sales prices for homes in Matthews.  Each table separates the numbers for zip codes 28105 and 28104.  You can learn about the differences in the two areas here.

Single family values are shown in one table while prices for condos and townhomes are shown in the second table.  Each table compares 2015 home prices with 2016 showing the change in 2016.

Average and Median Sales Prices for Single Family Homes

28105

28104

  2015

 2016

Change

2015

2016

Change

Average Sales Price

$262,216


$273,379

+4.2%

 $376,234

$408,330

+8.5%

Median Sales Price

$229,575

$244,900

+6.6%

$325,000

$408,330

+25.6%

Average and Median Sales Prices for Condos and Townhomes

28105

28104

2015

2016

Change

2015

2016

Change

Average Sales Price

$163,322

$189,271

+15.8%

$136,054

$148,079

+8.8%

Median Sales Price

$137,000

$145,000

+5.8%

$134,500

$142,950

+6.2%

Matthews NC Home Values Key Takeaways

  • The average single family home price in 28105 is $273,379 while $408,330 is the highest average price in 28104.
  • Home prices increased in every category in 2016.
  • The median price of Matthews homes in 28104 increased 25.6% likely reflecting more new home communities with higher pricing coming online in 2016.  Median prices show the midpoint of a price range.
  • Condominiums and townhomes also saw hefty price increases.  In 28105 townhomes increased 15.8% to an average sales price of $189,271.  The increase in 28104 was 8.8% to an average sales price of $148,079.

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.  The number of single family homes sold was a bit over 600 in each zip code in 2016.  There were far more townhomes sold in 28105 last year because there are many more complexes to choose from. 

It didn't take long to get homes under contract in 2016.  In 28105, single family homes and townhomes averaged between 35 and 40 days to get a contract.  Townhomes in Matthews NC 28104 took only 21 days probably  because of the low inventory of units.  Single family homes in 28104 averaged 64 days due to the higher percentage of new construction listings that are entered into the multiple listing service before they are finished.

28105

28104

Single Family

Condos


Single Family

Condos

Home Sold 2016

615

103

638

42

Average Days on Market

39

35

64

21

Average List to Sale Ratio

98.56%

98.44%

98.13%

98.65%

The competition for homes was strong in 2016 with all types of homes selling within 98% of the asking price on average.

2016 market conditions in Matthews NC added up to a strong seller's market. As of January 1, 2017, there were only 1.8 months supply of homes in Matthews NC 28105 and 3.1 months supply in Matthews NC 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 2016

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.

Luxury homes in Matthews NC

Typical example of a Matthews NC luxury home.

The table below shows statistics from the 2016 market for luxury homes in Matthews NC 28105 and Matthews NC 28104.

Matthews Luxury Homes

28105

28104

Closed Sales

10

53

Heated Area Range

2180-6439

3161-8167

Highest Sales Price

$1,345,000

$1,648,000

Average Sales Price

$936,366

$932,300

Median Sales Price

$872,500

$874,000

Average Days on Market

77

75

Average List to Sale Ratio

97.06%

98.07%

  • While there were five times as many luxury homes sales in 28104 as in 28105, most other statistics were similar including average and median sales prices, days on market and list to sale ratio.
  • The heated area of luxury homes in 28104 ranged higher than in 28105 and the highest sales price was 22% higher in 28104.

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.

Affordable homes in Matthews NC

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

448

238

Heated Area Range

511-4142

920-3589

Lowest Sales Price

$25,000

$68,300

Average Sales Price

$211,477

$219,152

Median Sales Price

$214,000

$224,950

Average Days on Market

26

31

Average List to Sale Ratio

98.76%

98.13%

  • There were nearly twice as many affordable homes sold in 28105 than in 28104.  This is probably due to the greater number of townhomes available in 28105 and a slightly older housing stock in 28105.
  • Affordable homes sold very quickly in 2016 with a closed price averaging 98% of the list price.

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

148

87

Heated Area Range

511-2588

920-3152

Closed Price Range

$25,000-$289,900

$68,700-$287,000

Average Sales Price

$167,195

$188,717

Median Sales Price

$175,000

$185,000

Average Days on Market

14

24

Average List to Sale Ratio

98.78%

97.49%

  • There are more opportunities for ranch homes in Matthews NC 28105 than in 28104.  They are also more affordable in 28105 with average sales and median prices below 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 28105 sold on the average in less than 15 days 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

38

121

Closed Price Range

$107,000-$947,500

$95,000-$1,648,000

Acreage Range

1.13-2.5

1-7.5

Average Sales Price

$236,350

$453,819

Median Sales Price

$245,950

$400,000

Average Days on Market

60

84

Average List to Sale Ratio

99.23%

97.27%

  • With Matthews NC 28104 a more rural area than 28105, it's not surprising that there were four 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..
  • The average list to sale ratio in 28105 was almost 100%, an indicator of the low supply of homes with acreage in Matthews NC 28105.

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

18

142

Closed Price Range

$231,000-$846,000

$259,885-$1,350,197

Heated Area Range

1791-5173

1558-6895

Average Sales Price

$450,493

$571,529

Median Sales Price

$423,750

$504,822

Average Days on Market

166

92

Average List to Sale Ratio

97.56%

99.25%

  • Matthews NC 28104 has far more new home sales than Matthews NC 28105.  The 2016 average sales price was 26.8% higher in 28104 than in 28105.
  • Average and median sales prices for new construction are substantially higher than the pricing for the Matthews market in general.

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.