55+ Communities in Matthews NC | Market Report 2023 Update

August 10, 2023

 55+ Communities in Matthews NC  Market Report
 2023 Update

Learn about home values in 55+ communities in Matthews NC.   Are home values up or down in the eight communities of this report?  Whether you call yourself an active adult, a baby boomer, or a senior, you can find a low-maintenance or patio home community to call home.

How much does a home in 55+ active adult retirement communities cost? Matthews has a variety of these 55+ independent living communities so you can choose a home that meets your budget.  This report compares the market in 2022 and 2023.

If you are buying, search for current homes for sale.  If you are selling your Matthews patio home, find out how long it takes to sell and whether prices are increasing.  Request a free market analysis of the value of your home.

Read more about each patio home community in my guide to active adult 55+ communities in Matthews.  Learn about living in Matthews here.

All statistics in this market report are from the Carolina Regional Multiple Listing Service.

Need Assistance or Have Questions?

Call Carol Fox at 704-905-3935 or send an email.

Carol acted as a representative on the new home that was being built in a new senior community.  She explained the contract as the sellers reviewed it, asked questions that I never would have thought to ask, and made certain I understood the contract before I signed it.  She attended every meeting I had with the builder and again asked questions that were very informative to me.  I do not know what I would have done if I had not had her with me during that process.  I can enthusiastically recommend Carol Fox to anyone wishing to buy or sell a home.  Her service is exceptional and she can be trusted to give you correct information and sound advice.

Sheila Long


Bella Sera Villas

55+ communities in Matthews NC

Amenities include a clubhouse, pool, walking trails and putting green.

Bella Sera Villas is a community of attached patio homes located near downtown Matthews.  Most of the homes are ranches with two bedrooms and two bathrooms plus an office or sunroom.  Some of the units have finished basements, which increases the heated area to over 3000 square feet.

January-July 2022

January-July 2023 


1500sf-2100sf

3000+sf

1500sf-2100sf

3000+sf

Units Sold

3

n/a

2

1

Min Price

$315,000

n/a

$382,500

$475,000

Max Price

$378,000

n/a

$449,900

$475,000

Average Price

$356,667

n/a

$416,200

$475,000

Days on Market

6

n/a

17

51

List to Sale

104%

n/a

99%

95%

  • There were 2 sales of smaller units and one of the larger units in 2023.  
  • The average sales price of the smaller units increased 16.6% since 2022. Average days on market also increased and sellers received less compared with asking  than in 2022.

The Courtyards at Emerald Lake

Matthews NC active adult 55+ communities

Typical patio home in The Courtyards at Emerald Lake

The Courtyards at Emerald Lake is one of the newest active adult 55+ communities in Matthews.  The community has approximately 90 detached single family homes.  Most are ranches although some have upstairs suites or finished basements. Because there were no sales in the community from June of 2021 to July of 2022, the market report below hasn't been updated.

2022

January-July 2023 


Under 2000sf

2000+sf

Under 2000sf

2000+sf

Units Sold

n/a

1

n/a

2

Min Price

n/a

$465,000

n/a

$563,049

Max Price

n/a

$465,000

n/a

$580,000

Average Price

n/a

$465,000

n/a

$571,525

Days on Market

n/a

6

n/a

67

List to Sale

n/a

100%

n/a

98%

  • Construction in The Courtyards at Emerald Lake finished in 2018.  Very few homes sell there every year.
  • None of the smaller homes sold since the beginning of 2022.  The average price of  larger homes increased 23% in 2023.
  • In 2023, average days on market increased substantially. Buyers paid 98% of asking on average.  

Curry Place

Patio homes in Matthews NC

Curry Place is a small community of affordable patio homes.

Located off Potters Road in Stallings, Curry Place is one of the most affordable patio home communities in the Matthews area.  Residents live in detached single family homes or duplexes.  The homeowners association fees cover lawn maintenance, common area maintenance, pressure washing of home exteriors and termite treatment.

January-July 2022

January-July 2023

Units Sold

4

n/a

Average Price

$364,250

n/a

Days on Market

7

n/a

List to Sale

109%

n/a

  • The average price in Curry Place increased 13.8% from the last half of 2021 through June of 2022. No homes closed in the first half of 2023.
  • Curry Place homes sold above asking price by 5 to 10 percent on average in 2021 and 2022.

Eden Hall

Matthews NC active adult 55+ communities

Model home at Encore at Eden Hall

Eden Hall is a townhome community where construction finished in 2020. The neighborhood has two sections.  Garden Collection homes are attached one-story homes.  These two-bedroom, two-bath homes range from 1700 to 1900 square feet.

Park Collection homes include attached two-story townhomes as well as detached two-story homes.  Square footage ranges from 1700 square feet to over 4000 square feet.

Summit Collection homes have unique drive-under parking.  These homes range from 2800 to 3000 square feet.

 The community has walking trails and linear gardens along a pond. Amenities in historic downtown Matthews are within walking distance of the community.

Header
Jul-Dec 2021

Jan-Jun 2022

Jan-July 2023

Units Sold

2

1

n/a

Minimum Price

$562,000

$657,000

n/a

Maximum Price

$565,000

$657,000

n/a

Average Price

$563,500

$657,000

n/a

Days on Market

11

                       0

n/a

List to Sale

99%

103%

n/a

Polo Club at Weddington

Matthews NC active adult 55+ communities

Polo Club at Weddington includes detached single family homes.

Polo Club at Weddington, adjacent to Colonel Francis Beatty Park in South Charlotte, is a popular active adult community.  It has 95 homesites with attached patio homes as well as some duplexes and detached single family homes. Most of the homes are ranches although some have upstairs suites.  They range in size from 1500 square feet heated to 2300 square feet.  

The adjacent Courtyards at Weddington Road has detached single family homes.  

January-June 2022

January-July 2023

Units Sold

2

4

Average Price

$427,950

$426,750

Days on Market

3

27

List to Sale

100%

99%

  • The average price remained roughly the same between the first half of 2022 and the first half of 2023.

Polo Club of Matthews

Ranch and patio homes in Matthews NC

Typical Polo Club of Matthews patio home.

Polo Club of Matthews is a small patio home community near downtown Matthews.  Each building has four units attached in a pinwheel style for privacy.  Most are ranches although a few have upstairs suites.  Amenities include a clubhouse with fitness center and swimming pool.  

Jan-Jun 2022

Jan-July 2023

Units Sold

1

1

Average Price

$399,900

$426,000

Days on Market

3

7

List to Sale

100%

100%

  • The average sales price rose 6% in 2023 compared to the same period in 2022.  Homes sold at 100% of asking on average.

Village of St Andrews

patio homes in Matthews NC

Gazebo Park at St Andrews provides outdoor space for community events.

St Andrews is one of the 55+ communities in Matthews NC where you can walk to restaurants, grocery stores and other service businesses from your home.  Located at the intersection of McKee and Weddington Roads adjacent to two community shopping centers and the Brace YMCA,  St Andrews is perfect for seniors who don't want to spend a lot of time in their cars.

St Andrews homes are ranches with most of the buildings housing four attached units.  Each home has a private door and a two-car garage.  These patio homes are mostly two bedroom units ranging in size from  1700 square feet to over 2100 square feet.

January-June 2022

January-July 2023

Units Sold

2

3

Average Price

$400,500

$418,000

Days on Market

2

11

List to Sale

109%

100%

  • In the first half of 2023, the average price rose 4% over the same period in 2022. Homes were on the market a bit longer in 2023 and sold at asking price on average.

Walden Austin Village

Matthews NC 55+ communities

The model home at Walden Austin Village is the McLendon.

Completed in 2020,  Walden Austin Village is a community where you can find quality construction with features such as craftsman-style exteriors and upgraded interior finishes and moldings.

The community features two floor plans that can be built as a single level ranch or a two-level with bonus rooms upstairs.  Square footage is from 1900+ to almost 3000.

Header

Jul-Dec 2021

Jan-Jun 2022

Homes Sold

1

2

Minimum Price

$443,000

$469,900

Maximum Price

$443,000

$583,000

Average Price

$443,000

$531,450

Days on Market

8

27

List to Sale

97%

99%

  • There have been no sales in the first half of 2023.

Tags

Active Adult 55+ Communities, patio homes in Matthews NC


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