Matthews NC Real Estate Market Report—July-September 2010
How did the Matthews NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?
The Matthews NC real estate market showed an increase in third quarter average sales prices over the average prices in 2009. Single family home prices were up 9% over 2009 and townhome/condominium prices were up 11% over 2009. When compared to the second quarter 2010, the single family average sales price fell 3 % while the average townhome sales price rose 39%. The dramatic increase in the average townhome price was due to the fact that a majority of the sales came from a single complex.
The number of single family homes closed during the third quarter dropped by more than half, most likely reflecting the end of the federal tax credit stimulus. The number of townhomes and condominiums sold remained steady during all three quarters of 2010.
Single Family Homes in Matthews NC
2009 Average Sales Price: $224,025 First Quarter 2010 Average Sales Price: $243,508 Second Quarter 2010 Average Sales Price: $251,925 Third Quarter 2010 Average Sales Price: $244,035
2009 Number of Homes Sold: 175 First Quarter 2010 Number of Homes Sold: 31 Second Quarter 2010 Number of Homes Sold: 87 Third Quarter 2010 Number of Homes Sold: 39
2009 Average Days on Market: 98 First Quarter 2010 Average Days on Market: 100 Second Quarter 2010 Average Days on Market: 87 Third Quarter Average Days on Market: 109
Townhomes and Condominiums in Matthews NC
2009 Average Sales Price: $199,640 First Quarter 2010 Average Sales Price: $170,250 Second Quarter 2010 Average Sales Price: $168,041 Third Quarter 2010 Average Sales Price: $223,031
2009 Number of Homes Sold: 34 First Quarter 2010 Number of Homes Sold: 6 Second Quarter 2010 Number of Homes Sold: 7 Third Quarter 2010 Number of Homes Sold: 5
2009 Average Days on Market: 179 First Quarter 2010 Average Days on Market: 152 Second Quarter 2010 Average Days on Market: 302 Third Quarter 2010 Average Days on Market: 533
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Matthews NC
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.
Copyright 2010. Carol Fox. Allen Tate Realtors. *Matthews NC Real Estate Market Report—July-September 2010*
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