The 2011 Matthews NC Real Estate Market--Five Facts

The 2011 Matthews NC Real Estate Market—Five Facts

It's time to look at the real estate market in Matthews NC and to assess how home buyers and home sellers fared in 2011.

Here are five facts about the Matthews marketplace in 2011.

1. The single family market in Matthews improved last year over each of the previous two years with 6.9% more homes sold than in 2010.
2. The median sales price was up slightly over 2010 and up 6% over 2009.
3. Matthews’ townhome market has declined every year since 2008. The median sales price of townhomes has been at the $160,000 level for the past two years, substantial decline from median sales prices over $225,000 in 2008 and 2009.
4. There is still new construction to be found in Matthews at around 11% of the marketplace.
5. Distressed sales accounted for approximately 25% of the 2011 market.

What do these five facts mean for Matthews buyers and sellers?

• It is a much better marketplace for single family home sellers in Matthews than for townhome sellers.
• In spite of the improving single family market, Matthews is still a very affordable place for home buyers.
• Home buyers can find a few new home neighborhoods in which to purchase.

Want to learn more about the real estate market in Matthews and see all the numbers for each of the past four years? Want to know where the most active Matthews neighborhoods were in 2011? Click on the link below.

Matthews NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Matthews NC Real Estate Market—Five Facts*