Union County Real Estate Talk

Matthews NC Real Estate Market Report—2009

How did the Matthews NC real estate market fare in 2009 and how did it compare with 2008?  This report covers real estate activity within the Matthews town limits, which are entirely within Mecklenburg County.

The 2009 Matthews NC real estate market reflected the market in Charlotte and surrounding areas.  Single family average sales prices were down about ten percent from 2008, an indication that first time home buyers dominated the marketplace.  Sales prices deteriorated even more in the condo/townhome market, dropping by 21%.  2009 also saw fifteen percent fewer homes sold in Matthews.  Time on the market increased for Matthews sellers with days on market up 36% for single family homes and up 75% for condominiums and townhomes.

Matthews NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Matthews NC for single family homes and condos/townhomes for 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Matthews NC

2008 Average Sales Price:  $250,788      2009 Average Sales Price:  $224,025    Year-to-Year Change:  -10%

2008 Number of Homes Sold:  208        2009 Number of Homes Sold:  175      Year-to-Year Change:  -15%

2008 Average Days on Market:  72        2009 Average Days on Market:  98      Year-to-Year Change:  +36%

Townhomes and Condominiums in Matthews NC

2008 Average Sales Price:  $253,348      2009 Average Sales Price:  $199,647     Year-to-Year Change:  -21%

2008 Number of Homes Sold:  40          2009 Number of Homes Sold:  34        Year-to-Year Change:  -15%

2008 Average Days on Market:  102      2009 Average Days on Market:  179     Year-to-Year Change:  +75%

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Matthews NC 2009

The most active Matthews NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

The Heathers

Brightmoor

Matthews Plantation

Winterbrooke

Bella Sera Villas

St Andrews

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Matthews NC Real Estate Market Report—2009*

How did Matthews NC real estate market activity in the third quarter of 2009 compare with the second quarter 2009? 

This post will summarize third quarter 2009 real estate sales in Matthews NC plus compare changes in sales data with second quarter 2009 results.  The chart shows average sales prices in Matthews NC for 2008 and each quarter of 2009.

Matthews NC Real Estate Market Report--2009 Third Quarter Data and Change from 2009 Second Quarter

Single Family Homes in Matthews NC

Number of Sales:  63

Change from second quarter:  +50%

Average Price:  $238,043

Change from second quarter:  no change

Average Days on Market:  97

Change from second quarter:  -13%

Current Active Listings:  186

Change from second quarter:  -4%

Most Active Neighborhoods:  Habersham, Brightmoor, Matthews Plantation

Townhomes and Condominiums in Matthews NC

Number of Sales:  5

Change from second quarter:  no change

Average Price:  $211,800

Change from second quarter:  +36%

Average Days on Market:  135

Change from second quarter:  +82%

Current Active Listings:  43

Change from second quarter:  -14%

Most Active Neighborhoods:  Avington

Source:  Carolina Multiple Listing Service

Compare with the 2008 Matthews NC Real Estate Market

Copyright 2009.  Carol Fox.  *Matthews NC Real Estate Market Report--July to September 2009*

How did Matthews NC real estate market activity in the second quarter of 2009 compare with the first quarter 2009? 

This post will summarize second quarter 2009 real estate sales in Matthews NC plus compare changes in sales data with first quarter 2009 results.

Matthews NC Real Estate Market Report--2009 Second Quarter Data and Change from 2009 First Quarter

Single Family Homes in Matthews NC

Number of Sales:  42

Change from first quarter:  +27%

Average Price:  $237,739

Change from first quarter:  +17%

Average Days on Market:  112

Change from first quarter:  +45%

Number of Contracts Pending:  23

Change from first quarter:  -70%

Current Active Listings:  195

Change from first quarter:  +6%

Most Active Neighborhoods:  Brightmoor, Matthews Plantation

Townhomes and Condominiums in Matthews NC

Number of Sales:  5

Change from first quarter:  +20%

Average Price:  $154,780

Change from first quarter:  -34%

Average Days on Market:  74

Change from first quarter:  -45%

Number of Contracts Pending:  3

Change from first quarter:  +50%

Current Active Listings:  50

Change from first quarter:  no change

Most Active Neighborhoods:  Avington, Summerfield Townhomes

Source:  Carolina Multiple Listing Service

Compare with the 2008 Matthews NC real estate market. 

Copyright 2009.  Carol Fox.  *Matthews NC Real Estate Market Report--Second Quarter 2009*

What happened in the Matthews NC real estate market during April and May of 2009?

This post will summarize first quarter real estate sales in Matthews NC plus compare average sold prices with 2008 closed prices.

Matthews NC Real Estate Market Report--April to May 2009

Single Family Homes in Matthews NC

Number of Sales:  24

Price Range:  $110,800 to $525,000

Average Heated Area:  2254 sq.ft.

Average Price:  $214,237

Average 2008 Price:  $250,788    Change: -14%

Average Days on Market:  115

Number of Contracts Pending:  34

Most Active Neighborhood:  Brightmoor

Current Active Listings on Market:  191

Townhomes and Condominiums in Matthews NC

Number of Sales:  1 

Price Range:  $116,900

Average Heated Area:  1845 sq.ft.

Average Price:  $116,900

Average 2008 Price:  $253,348    Change:  not enough data

Average Days on Market:  7

Number of Contracts Pending:  5

Most Active Neighborhood:  Parkview at Matthews

Current Active Listings on Market:  54

Source:  Carolina Multiple Listing Service

Compare with the 2008 Matthews NC real estate market.

Learn more about homes and neighborhoods in Matthews NC.

Copyright 2009.  Carol Fox.  *Matthews NC Real Estate Market Report--March to April 2009* 

What happened in the Matthews NC real estate market during the first three months of 2009?

This post will summarize first quarter real estate sales in Matthews NC plus compare average sold prices with 2008 closed prices.

Matthews NC Real Estate Market Report--January to March 2009

Single Family Homes in Matthews NC

Number of Sales:  33

Price Range:  $85,000 to $550,000

Average Heated Area:  2253 sq.ft.

Average Price:  $201,744

Average 2008 Price:  $250,788      Change: -19%

Number of Contracts Pending:  78

Most Active Neighborhood:  Sardis Forest, Somersby

Current Active Listings on Market:  183

Townhomes and Condominiums in Matthews NC

Number of Sales:  6 

Price Range:  $122,000 to $313,942

Average Heated Area:  1753 sq.ft.

Average Price:  $236,990

Average 2008 Price:  $253,348    Change:  -6%

Average Days on Market:  136

Number of Contracts Pending:  2

Most Active Neighborhood:  Bella Serra Villas

Current Active Listings on Market:  50

Source:  Carolina Multiple Listing Service

Compare with the 2008 Matthews NC Real Estate Market. 

Learn more about real estate and living in Matthews NC.

Copyright 2009.  Carol Fox.  *Matthews NC Real Estate Market Report--January to March 2009*

Do you want to know how the Matthews NC real estate market fared in 2008?

This post will summarize the 2008 real estate sales for the town as a whole plus report on the most active neighborhoods within the Town of Matthews NC.  This report covers real estate activity within the Matthews town limits, which are entirely within Mecklenburg County.  For a complete understanding of how to search for Matthews NC real estate, read Taking the Confusion out of the Matthews NC Real Estate Search.

2008 Real Estate Market Report for Matthews NC

Single Family Homes

Number of Sales:  208    Price Range:  $49,000 to $1,139,000   Average Heated Area:  2311 sf   Average Price:  $250,788   Average Days on Market:  72

Townhouses and Condos

Number of Sales:  40      Price Range:  $106,000 to $360,000    Average Heated Area:  1857 sf   Average Price:  $253,348   Average Days on Market:  102

Most Active Neighborhoods in Matthews NC  2008

Single Family Neighborhoods

Crestdale Crossing   Years Built: 2002-2003

Number of Sales:  14      Price Range:  $107,500 to $154,900   Average Heated Area:  1360 sf   Average Price:  $127,450   Average Days on Market:  46

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Habersham   Years Built:  1992-1993

Number of Sales:  4      Price Range:  $146,000 to $174,500   Average Heated Area:  1779 sf   Average Price:  $157,375   Average Days on Market:  70

Schools 2008-09:  Crown Point Elementary, Mint Hill Middle, East Mecklenburg High

The Heathers  Years Built:  1987

Number of Sales:  7       Price Range: $127,000 to $217,000   Average Heated Area:  2077 sf   Average Price:  $180,066   Average Days on Market:  52

Schools 2008-09:  Bain Elementary, Mint Hill Middle, Butler High

Southwoods   Years Built:  1990-1997

Number of Sales:  5       Price Range:  $186,500 to $242,500   Average Heated Area:  2589 sf   Average Price:  $213,400  Average Days on Market:  47

Schools 2008-09:  Crown Point Elementary, Mint Hill Middle, Butler High

Windrow   Years Built:  1973-1983

Number of Sales: 10     Price Range:  $113,850 to $260,000   Average Heated Area:  2247 sf   Average Price:  $216,725    Average Days on Market:  68

Schools 2008-09:  Bain Elementary, Mint Hill Middle, Butler High

Brightmoor   Years Built:  1987-1993

Number of Sales:  17     Price Range:  $130,950 to $315,000   Average Heated Area:  2217 sf   Average Price:  $221,391   Average Days on Market:  57

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Somersby  Years Built:  1984-1986

Number of Sales:  4       Price Range:  $199,000 to $237,000   Average Heated Area:  1962 sf   Average Price:  $223,225   Average Days on Market:  32

Schools 2008-09:  Elizabeth Lane Elementary, South Charlotte Middle, Providence High

Wynchase   Years Built:  2005-2008

Number of Sales:  11     Price Range:  $185,000 to $297,400   Average Heated Area:  2555 sf   Average Price:  $237,312   Average Days on Market:  139

Schools 2008-09:  Crown Point Elementary, Mint Hill Middle, East Mecklenburg High

Thornblade   Years Built:  1996-1999

Number of Sales:  10     Price Range:  $205,000 to $269,900   Average Heated Area:  2281 sf   Average Price:  $243,230   Average Days on Market:  80

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Matthews Estates   Years Built:  1997

Number of Sales:  5      Price Range:  $202,350 to $338,000    Average Heated Area:  2432 sf  Average Price: $255,270   Average Days on Market:  59

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Ashley Creek   Years Built:  1987-1992

Number of Sales:  6      Price Range:  $235,000 to $305,000   Average Heated Area:  2465 sf   Average Price:  $267,666   Average Days on Market:  104

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Sardis Plantation   Years Built:  1987-1995

Number of Sales:  11    Price Range:  $210,000 to $315,000    Average Heated Area:  2328 sf   Average Price:  $268,536   Average Days on Market:  64

Schools 2008-09:  Elizabeth Lane Elementary, South Charlotte Middle, Providence High

Coachman Ridge   Years Built:  1984-1990

Number of Sales:  7     Price Range:  $262,500 to $465,000    Average Heated Area:  3195 sf   Average Price:  $360,071   Average Days on Market:  105

Schools 2008-09:  Elizabeth Lane Elementary, South Charlotte Middle, Providence High

Reverdy Glen   Years Built:  2001-2007

Number of Sales:  4      Price Range:  $650,000 to $1,196,000   Average Heated Area: 4526 sf   Average Price:  $855,725   Average Days on Market:  78

Schools 2008-09: Elizabeth Lane, South Charlotte Middle, Providence High 

Townhouse/Condo Neighborhoods

Parkview at Matthews   Years Built:  2004-2005

Number of Sales: 6      Price Range:  $106,000 to $141,000    Average Heated Area:  1808 sf   Average Price:  $126,166   Average Days on Market:  94

Schools 2008-09:  Crown Point Elementary, Mint Hill Middle, East Mecklenburg High

St. Andrews   Years Built:  2006-2007

Number of Sales:  28    Price Range:  $231,770 to $360,082   Average Heated Area:  1873 sf   Average Price:  $282,104    Average Days on Market:  105

Schools 2008-09:  Matthews Elementary, Crestdale Middle, Butler High

Source:  Carolina Regional Realtor Association 

Learn more about Matthews NC schools:

School Progress Reports in the Charlotte-Mecklenburg Schools

Want to know more about the Matthews NC real estate market and Matthews NC neighborhoods?

Visit www.CarolinaSmallTownLiving.com.

Copyright 2009.  Carol Fox.  All rights reserved.  "Matthews NC 2008 Real Estate Market Report"

Searching for real estate in Matthews North Carolina?  You may be very confused about the results you get from the various real estate websites.  Is the property in Mecklenburg County or is it in Union County?  Is the tax location the Town of Matthews, the Town of Stallings, the Town of Weddington or perhaps, no town at all?  Here are some tips to understanding where a Matthews property is really located.

1. The Town of Matthews lies entirely within Mecklenburg County.  No part of incorporated Matthews crosses into adjoining Union County.
2. The Matthews post office delivers mail to a large area including some homes located in Charlotte, Matthews, Mint Hill, Stallings, Weddington and other areas of Union County.  How do you tell which county the property is in?  The Matthews post office has two zip codes.  28105 is for homes in Mecklenburg County and 28104 is for homes in Union County.
3. How do you tell which "Matthews NC" town a property is in?  If the property is in zip code 28105, go to the the Meckenburg County GIS and find the tax card.  It will give you the local jurisdictions that receive taxes from the property.  If in 28104, go to the Union County GIS and look for the same information.

Does it matter whether you are in Stallings or Matthews or unincorporated Union County?  Yes, it does matter because each of the counties and each of the towns offers different services and has different taxes.  Drilling down into the information may help you know exactly where you will be living and how much you will pay for government services when you find your next home.

For more information about the Matthews NC area, visit www.CarolinaSmallTownLiving.com.

Copyright 2008.  Carol Fox.  All rights reserved.  "Taking the Confusion out of the Matthews NC Real Estate Search"

About the author:  Carol Fox of Allen Tate Realtors is a veteran real estate agent who has lived in Matthew NC 28105 as well as Matthews NC 28104 for over 20 years.