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Matthews NC| Homes Sold, Homes For Sale, First Home Buyers

May 13th, 2009 Listed Under: Community Reports, Real Estate, Sell a Home

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Matthews, NC, one of south Charlotte’s favorite communities blends a small town feel downtown featuring historic Renfrew Hardware, a farmers market and the festivals at Stumptown Park… with the modern conveniences of Costco, Target, Lowe’s, Home Depot, the fantastic Siskey YMCA, the Matthews Senior center and more.  It doesn’t hurt that it has some of the highest rated schools in CMS, a terrific library, and you can buy a home with a suburban or a rural feel to it.

Matthews alive- labor day festivalIt is just a click away if at any time you would like to Search Matthews Homes for Sale

We define first home buyers as buyers buying homes below $250,000.  Since there is no real time way to measure who is or isn’t a first home buyer, this is completely arbitrary. We know that not all are first time home buyers, and some first home buyers buy above $250,000, but it seems a good cut off, that should average out over time- we continue to research it…  by this measure

there were 22 Matthews home sales, or 45% of all purchasers were first home buyers taking advantage of those $8000 tax credits.

Matthews Homes Sold Since April 1

There have been 48 Matthews homes sold from $75,000 to over $800,000, the distribution  looks like this:

There were 19 Matthews homes sold for below $200,000

There were 7  Matthews homes sold for less than $300,000, but more than $200K

There were 8 Mathews Homes sold for less than $400,00, but more than $300K

There were 8 Matthews Homes sold for less than $500,000, but more than $400,000

There were 6 homes sold for over $500,000

The median cost per sf was $91.00,  and it ranged from $49 to $173/sf, making Matthews one of the best values in Charlotte. One quarter of the homes sold were Ranch style, and just about 10% had basements. 48% had amenities- pools and clubhouses, recreation areas for children, walking path’s etc.

The big sellers by subdivision? Brookhaven was clearly #1 with 9 sales, the next best was 3 sales each at Callonwood and Emerald Lake.   Back to Brookhaven, the cost per square foot ranged broadly from $94/sf to $173/sf, this reflects the different styles and price points within Brookhaven, which combined with its suberp amenities, make it a very popular community indeed. The median cost per sf was $120.00.

Sold Cost per sf’s vary widely based on lot size and quality, home features and condition,  street location, and a seller’s need to sell,  as well as other factors.

Buy a Matthews Home with the McDonald Team and receive a $500 Gift Card to Pottery Barn or  Lowe’s within 48 hours of closing! SEARCH Matthews homes

matthews farmers market matthews Siskey YMCA outdoor pool Downtown matthews

Matthews Homes For Sale

There are 518 Matthew Homes for Sale on May 13, 2009, represent about a 10 month supply based on April’s Homes sold.  A strong buyer’s market? Yes. A crazy buyer’s market, hardly,  as many parts of the nation face years of inventory, and matthews enjoys one of the lowest foreclosure rates in North Carolina.   Still, there are great deals to be had!

There are 203 “first home buyer” homes for sale, for under $250,000, about an 8 month supply.

There are 379 homes for sale for under $400,000, about the same 10 month supply.

There are 55 homes for sale fore more than $500,000, but less than $1M, and 13 homes for sale above $1M

Related links:

The Siskey YMCA— not your Northern Y! truly a community focal point

More on Brookhaven

Charlotte and Matthews Schools, all a part of CMS


Skilled Buyer Agents make great deals happen… we will save you time, and in almost every case, money! Do you know how the Federal Tax credits work?  Call me Today, at 704-351-1519, or visit this  simple (no 3rd degree) signup page for more information.

We have a special program for First Home Buyers…  Details here

Like to search for homes, on Charlotte’s easiest most complete search site? See over 20,000 homes from the Charlotte  MLS

Like to see more of Matthews in Pictures? One of 45 galleries from around Charlotte, 3000 Pictures plus

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified

Charlotte Communities Online

Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519