Shannamara in Matthews NC|2016 Home Values Report

By Carol Fox | Shannamara

Jan 07
What's my Shannamara home worth?

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

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About the Author

Thank you for visiting my profile and getting to know me. My husband and I moved to the Matthews area over thirty years ago and have enjoyed watching Charlotte and the surrounding areas grow into the dynamic region it is today. I have specialized in Matthews, South Charlotte, Mint Hill, Weddington, Waxhaw, Indian Trail and the other small towns of Union County for over 30 years. I can walk in your shoes whether you are a buyer or a seller. Every year half of my real estate practice is devoted to helping buyers find the right home and neighborhood and half is devoted to helping sellers get the greatest reward from selling their real estate.

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