Picture expansive golf course views. Beautiful brick and stone custom homes in wooded settings. Neighbors walking their dogs and chatting with friends. Children playing in a splash pad pool. Your own private dock for fishing or kayaking. This is Shannamara, a golf course community in Matthews NC. Use the information on this page to search Shannamara homes for sale and learn about Shannamara home values.
Shannamara's approximately 700 homes were built between 1995 and 2005 by custom and semi-custom builders. The Williams Company developed the neighborhood and built many of its homes. Other builders included Tarco, Edwards Building Group, Orleans and various custom builders.
Shannamara has a variety of home styles. You can find full-brick homes or homes with brick or stone fronts. Interiors generally have open floor plans with upgraded features such as upscale kitchens, extensive millwork, hardwood and tile flooring and luxury bathrooms. Most homes have side-load garages; many have three-car garages.
Shannamara is a great place to find ranch homes for sale as the lots typically have wide street frontage that accommodates the larger footprint of a ranch-style home. The wide lots also allow many master down homes where the master bedroom is on the main level with the secondary bedrooms upstairs. Another feature of the beautiful rolling landscape in the neighborhood is the opportunity to find a basement home. Some Shannamara basement homes have mother daughter or in-law suites.
Whether you are a senior looking for a small ranch home or a large active family needing space for everyone, you can find a home in Shannamara. Ranch homes can be as small as 1800 square feet. Some homes have over 5000 square feet of living area. Others are large enough to accommodate multiple generations. The average home size in the community is 3000 square feet. Lot sizes range from a third to over an acre. The average lot size is just under a half acre.
Want golf course views or a waterfront dock for fishing? The Divide golf course winds through the neighborhood providing many opportunities for home owners to live on the golf course or enjoy views of the course. Waterfront homes can be found around Lake Shannamara, privately owned by the homeowners with lots on it. The lake is stocked for fishing. Small non-motorized boats are docked behind the homes.
Every buyer wants to know about Shannamara home values. Every homeowner wants to know what his Shannamara home is worth. Here are some frequently asked questions about home values in Shannamara. All statistical information is from the Carolina Multiple Listing Service.
Shannamara home prices have risen steadily since 2011. The average sales price in January 2011 was $310,679. By January 2017, the average was $360,575, an increase of 16%.
There is a wide range of pricing in Shannamara home values because of the great number of homes and the variety in size, age, and features. For example, in 2015 the lowest priced home sold for $222,884 and the highest priced home sold for $543,200. These two homes had 1900 square feet and 4500 square feet, respectively.
Shannamara Average Sales Prices
Average Sales Price
Shannamara Homes Sold and Month's Supply
Months Supply (January)
The table at the left shows the number of homes sold each year in Shannamara as well as the months supply of homes in January of that year.
With the exception of 2014 and 2015, the number of homes sold each year in Shannamara remained fairly consistent between 30 and 40 houses. 2014 saw the lowest number of Shannamara houses sold at 27 while 47 homes sold in 2015.
To determine whether Shannamara has a buyer's market or a seller's market, the number of homes available must be compared to the homes sold. This is called "months supply of homes" or market absorption rate.
Generally, local real estate markets are defined as a buyers market, a balanced market and a sellers market. Months of supply on the market will determine which category the market falls into. Here are accepted definitions:
Using these definitions, Shannamara was in a buyer's market in 2011 and 2012, not surprising since these were the last years of the Great Recession. The market became balanced in 2013. Shannamara has been in a seller's market since 2014 with the current supply of homes very low. The neighborhood's low inventory has resulted in the steady price appreciation in Shannamara home values shown in the first table.
In 2011, Shannamara sellers could expect their homes to be on the market a median of 98 days. Median days on market declined slightly in 2012 and 2013. By 2014, days on market had dropped to 65 days while homes were on the market approximately 40 days in 2015 and 2016. Shannamara homes sold much faster by 2017 averaging only 29 days on the market.
Just as Shannamara homes were selling more quickly from 2014 to 2016, their prices were much closer to the asking price. By 2017, Shannamara home prices were approximately 96.9% of the list price compared to 91.7% in 2011.
Shannamara Days on Market and List to Sale Ratio
Days on Market
List to Sale Ratio
Shannamara homes for sale include golf course homes on The Divide golf course. The Divide Golf Club opened in 1995. This 18-hole golf course was designed by John Casell. Whether you are an avid golfer or just enjoy views of beautiful rolling fairways, the Shannamara golf course is a wonderful amenity for neighborhood residents. The 19th Hole Grille in the clubhouse offers a place for casual food inside or on the patio after a round of golf or a short walk through the community.
The Divide Golf Club is a daily fee course so Shannamara residents can enjoy the views from their golf course homes without paying any fees for the course. The Divide also offers memberships with no application or initiation fees. The club organizes a number of tournaments for adult and junior leagues as well as lessons.
The Shannamara homeowners association actively manages the common areas and amenities owned by the community. These amenities include a clubhouse with a large gathering room, a fitness room and a kitchen. A swimming pool and a splash pool for young children offer summertime fun and space for parties. In addition to the pools, the grounds at the clubhouse have a playground and tennis courts. Renovation of the pools and grounds around the clubhouse will be complete in early 2017.
There are many ways to get involved in Shannamara social life. The homeowners association sponsors a number of activities for residents of all ages. Children enjoy several parties every year including pool parties, holiday events and caroling at Christmas. Adult socials are held in the clubhouse. The community has an active 50+ group with socials several times a year, small group activities such as games and lunch or dinner groups, and fitness classes in the clubhouse. The HOA also sponsors golf and tennis teams.
A great location is one of the reasons so many people search Shannamara homes for sale. You'll find the neighborhood in the Stevens Mill area between two nearby I-485 interchanges on Idlewild Road and Lawyers Road. Hop on I-485 and you'll be in the University area or Ballantyne within 30 minutes or less.
The small towns of Mint Hill and Matthews adjoin the Stevens Mill area so farmers markets, quaint shops and community festivals are just minutes away. Look no farther than nearby Independence Boulevard for big box retailers and fast casual restaurants. Small community shopping centers at each of the I-485 interchanges have grocery stores, a bank branch, restaurants and service businesses.
The answer is both. Most of Shannamara lies in Union County but one section at the back of the neighborhood is in Mecklenburg County. The Divide golf course got its name from the county line that divides Shannamara. When you are driving through the community, how can you tell which county you are in? That's easy. The Mecklenburg section of the neighborhood has sidewalks.
While the mailing address for the neighborhood is Matthews NC 28104, all properties are in the Town of Stallings. This is true whether they are in Mecklenburg or Union County. Homes in the Mecklenburg County section pay Stallings town taxes plus Mecklenburg County taxes. Union County taxes are added to the town taxes in the Union County section. The Town of Stallings provides police protection, garbage and recycling service plus street lights for the community.
Property taxes are an important consideration for anyone searching Shannamara homes for sale. You will find different tax rates in the Mecklenburg County and Union County sections of the neighborhood. For the 2016-2017 tax year, the Stallings-Mecklenburg tax rate is $1.2522 per $100 of assessed value. The tax rate in the Union County area is $1.09.
The answer depends on whether the property lies in Union County or Mecklenburg County. If you are considering Shannamara homes for sale and which schools your children will attend, you should check which county the home is located in.
The Union County public schools for Shannamara residents are Stalling Elementary, Porter Ridge Middle and Porter Ridge High School. Stallings Elementary is located within a few miles of the neighborhood. Porter Ridge Middle and Porter Ridge High are part of the same campus.
School assignments are subject to change. Pupil assignment should be verified with the Union County Public Schools.
Charlotte-Mecklenburg Schools for Shannamara residents are Bain Elementary, Mint Hill Middle and Independence High. All of these schools are located in Mint Hill easily accessible from the neighborhood. Bain Elementary has a nearly new school building.
School assignments are subject to change. Pupil assignment should be verified with Charlotte-Mecklenburg Schools.
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