Shannamara Homes for Sale|Matthews NC
Picture expansive golf course views. Beautiful brick and stone custom homes in wooded settings. Neighbors walking their dogs and chatting with friends. Children playing in a splash pad pool. Your own private dock for fishing or kayaking. This is Shannamara, a golf course community in Matthews NC. Use the information on this page to search Shannamara homes for sale and learn about Shannamara home values.
Shannamara is a community of approximately 700 homes.
Shannamara Homes for Sale
Shannamara's approximately 700 homes were built between 1995 and 2005 by custom and semi-custom builders. The Williams Company developed the neighborhood and built many of its homes. Other builders included Tarco, Edwards Building Group, Orleans and various custom builders.
Typical open floor plan in Shannamara home
Shannamara has a variety of home styles. You can find full-brick homes or homes with brick or stone fronts. Interiors generally have open floor plans with upgraded features such as upscale kitchens, extensive millwork, hardwood and tile flooring and luxury bathrooms. Most homes have side-load garages; many have three-car garages.
Shannamara is a great place to find ranch homes for sale as the lots typically have wide street frontage that accommodates the larger footprint of a ranch-style home. The wide lots also allow many master down homes where the master bedroom is on the main level with the secondary bedrooms upstairs. Another feature of the beautiful rolling landscape in the neighborhood is the opportunity to find a basement home. Some Shannamara basement homes have mother daughter or in-law suites.
Many Shannamara homes have views of The Divide golf course.
Whether you are a senior looking for a small ranch home or a large active family needing space for everyone, you can find a home in Shannamara. Ranch homes can be as small as 1800 square feet. Some homes have over 5000 square feet of living area. Others are large enough to accommodate multiple generations. The average home size in the community is 3000 square feet. Lot sizes range from a third to over an acre. The average lot size is just under a half acre.
Want golf course views or a waterfront dock for fishing? The Divide golf course winds through the neighborhood providing many opportunities for home owners to live on the golf course or enjoy views of the course. Waterfront homes can be found around Lake Shannamara, privately owned by the homeowners with lots on it. The lake is stocked for fishing. Small non-motorized boats are docked behind the homes.
Shannamara Home Values
Every buyer wants to know about Shannamara home values. Every homeowner wants to know what his Shannamara home is worth. Here are some frequently asked questions about home values in Shannamara. All statistical information is from the Canopy Multiple Listing Service.
What is the median sales price in Shannamara?
Shannamara home prices have risen steadily since 2018. The median sales price in January 2018 was $366,250. By January 2023, it was $622,500, an increase of 69.9%.
There is a wide range of pricing in Shannamara home values because of the great number of homes and the variety in size, age, and features. Prices in the first half of 2023 ranged from $615,000 to $875,000. The size of the homes ranged from 2500 to 5500 square feet.
Shannamara Median Sales Prices
Year (January) | Median Sales Price |
|---|---|
1-2018 | $366,250 |
1-2019 | $390,125 |
1-2020 | $415,000 |
1-2021 | $436,000 |
1-2022 | $530,000 |
1-2023 | $622,500 |
Shannamara Homes Sold and Month's Supply
Year | Homes Sold | Months Supply (January) |
|---|---|---|
2018 | 36 | 4.3 |
2019 | 46 | 2.6 |
2020 | 52 | 2.4 |
2021 | 45 | 1.0 |
2022 | 31 | 0.2 |
2023 | 15 (Jan-Jun) | 0.6 |
Typical master down home in Shannamara.
Does Shannamara have a buyer's market or a seller's market?
The table at the left shows the number of homes sold each year in Shannamara as well as the months supply of homes in January of that year.
The number of homes sold each year in Shannamara remained fairly consistent between 30 and 50 houses. 2020 saw the highest number of Shannamara houses sold at 52.
Buyer's Market and Seller's Market Defined
To determine whether Shannamara has a buyer's market or a seller's market, the number of homes available must be compared to the homes sold. This is called "months supply of homes" or market absorption rate.
Generally, local real estate markets are defined as a buyers market, a balanced market and a sellers market. Months of supply on the market will determine which category the market falls into. Here are accepted definitions:
- Sellers Market Fewer than five months of supply
- Balanced Market Five to seven months of supply
- Buyers Market More than seven months of supply
Using these definitions, Shannamara has been in a seller's market since 2018 with the current supply of homes very low. By 2022, the seller's market could be considered extreme with less than one month of supply. The neighborhood's low inventory has resulted in the steady price appreciation in Shannamara home values shown in the first table.
How long will my Shannamara home be on the market?
From 2018 to 2020, Shannamara sellers could expect their homes to be on the market 36 to 49 days on average. By 2021 days on market had dropped to 24 days. In 2022 and 2023, days on market had dropped to 3-5 days.
How close will my sales price be to the asking price?
In 2023, Shannamara homeowners get 100% of their asking price on average.
Shannamara Days on Market and List to Sale Ratio
Year (January) | Days on Market | List to Sale Ratio |
|---|---|---|
1-2018 | 49 | 97.3% |
1-2019 | 36 | 98.4% |
1-2020 | 41 | 97.7% |
1-2021 | 24 | 98.7% |
1-2022 | 3 | 102.6% |
1-2023 | 5 | 100% |
The Divide Golf Club
Enjoy many opportunities to live on the Shannamara golf course.
The Divide Golf Course offers beautiful views to Shannamara residents.
The course includes recently renovated Diamond Zoysia greens.
Shannamara homes for sale include golf course homes on The Divide golf course. The Divide Golf Club opened in 1995. This 18-hole golf course was designed by John Cassell II. Whether you are an avid golfer or just enjoy views of beautiful rolling fairways, the Shannamara golf course is a wonderful amenity for neighborhood residents. The Divide dining room in the clubhouse offers a place for casual food inside or on the patio after a round of golf or a short walk through the community.
The Divide Golf Club is a daily fee course so Shannamara residents can enjoy the views from their golf course homes without paying any fees for the course. The course includes recently renovated Diamond Zoysia greens and a new Toptracer range with patio. Toptracer uses ball-tracing technology used on televised golf tournaments to track shots. Players of all ages can play a variety of fun skill-based games at the facility.
The Divide clubhouse includes a grille and pro shop.
The TopTracer range is a new feature at The Divide.
Shannamara Amenities
The Shannamara homeowners association actively manages the common areas and amenities owned by the community. These amenities include a clubhouse with a large gathering room, a fitness room and a kitchen. A swimming pool and a splash pool for young children offer summertime fun and space for parties. In addition to the pools, the grounds at the clubhouse have a playground and tennis courts. The clubhouse as well as the pools and surrounding grounds have been renovated in recent years.
There are many ways to get involved in Shannamara social life. The homeowners association sponsors a number of activities for residents of all ages. Children enjoy several parties every year including pool parties, holiday events and caroling at Christmas. Adult socials are held in the clubhouse. The community has an active 50+ group with socials several times a year, small group activities such as games and lunch or dinner groups, and fitness classes in the clubhouse. The HOA also sponsors golf and tennis teams.
Shannamara has a pool with slide and a separate wading pool for small children.
The expanded and renovated clubhouse includes a kitchen and a fitness room.
Installation of pickleball courts in addition to the tennis courts is under consideration by the HOA.
Shannamara has a place for the "littles" to play as well as several programs for them every year.
Location
A great location is one of the reasons so many people search Shannamara homes for sale. You'll find the neighborhood in the Stevens Mill area between two nearby I-485 interchanges on Idlewild Road and Lawyers Road. Hop on I-485 and you'll be in the University area or Ballantyne within 30 minutes or less.
The small towns of Mint Hill and Matthews adjoin the Stevens Mill area so farmers markets, quaint shops and community festivals are just minutes away. Look no farther than nearby Independence Boulevard for big box retailers and fast casual restaurants. Small community shopping centers at each of the I-485 interchanges have grocery stores, a bank branch, restaurants and service businesses.
Is Shannamara located in Mecklenburg County or Union County?
The answer is both. Most of Shannamara lies in Union County but one section at the back of the neighborhood is in Mecklenburg County. The Divide golf course got its name from the county line that divides Shannamara. When you are driving through the community, how can you tell which county you are in? That's easy. The Mecklenburg section of the neighborhood has sidewalks.
Are Shannamara homes located in Matthews?
While the mailing address for the neighborhood is Matthews NC 28104, all properties are in the Town of Stallings. This is true whether they are in Mecklenburg or Union County. Homes in the Mecklenburg County section pay Stallings town taxes plus Mecklenburg County taxes. Union County taxes are added to the town taxes in the Union County section. The Town of Stallings provides police protection, garbage and recycling service plus street lights for the community.
Schools
Where do Shannamara children attend school?
The answer depends on whether the property lies in Union County or Mecklenburg County. If you are considering Shannamara homes for sale and which schools your children will attend, you should check which county the home is located in.
Union County Schools Serving Shannamara
Stallings Elementary School
The Union County public schools for Shannamara residents are Stalling Elementary, Porter Ridge Middle and Porter Ridge High School. Stallings Elementary is located within a few miles of the neighborhood. Porter Ridge Middle and Porter Ridge High are part of the same campus.
School assignments are subject to change. Pupil assignment should be verified with the Union County Public Schools.
Mecklenburg County Schools Serving Shannamara
Bain Elementary School
Charlotte-Mecklenburg Schools for Shannamara residents are Bain Elementary, Mint Hill Middle and Independence High. All of these schools are located in Mint Hill easily accessible from the neighborhood. Bain Elementary has a nearly new school building.
School assignments are subject to change. Pupil assignment should be verified with Charlotte-Mecklenburg Schools.
Ready to Learn More about Shannamara?
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Video Tour
Take a video tour of the Shannamara neighborhood.
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