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Market Conditions in Matthews : Real Estate Advice

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  • Local Info8
  • Home Buying19
  • Home Selling1
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Activity 3
Mon Feb 23, 2015
Ryan Harlan-Expert Broker answered:
Hi Ginger,

In the last 180 days , 9 single family homes closed in our MLS in the shannamara community. 3 out of 9 were foreclosures and one of those 3 was on Bethesda. The 3 foreclosures went around 82-83$ per sqft . The avg price per sqft was $103 total for all 9 solds but others did sell for much higher per sqft in this community . The average days on market was around 60 days. In my opinion this area is very solid and is holding its value well, i do not see a down trend. The foreclosures will pass and the avg will rise some. The subject property looks like is priced around 110sqft . If you would like more detailed information on the subject property or would like a more detailed analysis of true comparables for the subject property, feel free to contact me anytime. Thanks Ryan 704/608.4767 C/T or ... more
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Thu Apr 15, 2010
Donna Forrest Johnston answered:
Hi Url,
Wow, you chose a great school. My son went there for a few years and I just loved it. The PTA is very active and the teachers very caring. Elizabeth Lane also moves up to excellent middle and high schools. The Arboretum area is convenient and one of the best areas on Charlotte. It is nestled between 3 major shopping areas and about 20 minutes from downtown and South Park. Here is the link to the maps of the areas the feed into Elizabeth Lane for next year:

I hope this helps. I am very familiar with this area and would love to help you find not just you house but your HOME!! I also liked what Karen Nunziata said. She is totally right on the mark.

~Donna Johnston
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Sun May 3, 2009
Don Tepper answered:
Nc Bound:

Your question addresses one of my "hot buttons"--whether an offer will be considered "insulting." And, to your credit, you really clarified what you meant in your comment below.

Still: Never worry about whether the seller might perceive an offer as "insulting." One seller might be delighted to accept an offer 25% below the listing price. Another might be "insulted" at an offer just a dollar below the listing price. You never know.

More important, you shouldn't care. As you note, you're not in a popularity contest.

Further, is the seller concerned about insulting you? Of course not. If your scenario is correct, he's priced his home way above market. What's he take you for: A fool? Now, that's an insult. Is he concerned? Of course not. Further, let the seller be insulted by all the people who took a look at his property and decided to not even make an offer. You at least would have the courtesy to make an offer.

Point is: If you don't make an offer, you won't know whether or not it'll be accepted. You can sit there all day wondering. And many people sit there in terror out of fear of "insulting" someone they don't know by making an offer on a property. Work with a good Realtor to determine the actual fair market value of the property. Then, on that basis, if you wish, make an offer.

You're not a mindreader. You have no idea whether your offer will be considered "insulting." What you do want to do is make an offer that works for you.

Hope that helps.
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Market Conditions in Matthews Zip Codes