Charlotte Real Estate April 2019

Charlotte Market Data Overall for April 2019

Charlotte Market Data Overall APRIL 2019

Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report

NEW LISTINGS	PENDING SALES	CLOSED SALES	BEST SELLING PROPERTY TYPE
5,771	5,324	4,221	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$357,063	$304,996	$253,500	97.0%	47

April 2019 Overview

According to the Charlotte Regional Realtor Association Housing Supply overview, the number of homes for sale is beginning an upward trend. Sales are strong in the higher price points above $300,000 while the entry level market for first-time buyers remains very competitive due to limited inventory in price ranges at $250,000 and below. This is good news for Sellers overall, but particularly in the entry level price ranges where demand exceeds supply, thereby driving up pricing in those price points.

In Charlotte, over the last 12 months from April 2018 to March 2019, pending sales have increased 11% while closed sales have remained level with last year. New Listings are down approximately 1%. The strongest sales activity was in the Single Family home category in the $300,001 and above range with the largest gain at 9.4%.

The Median Sales Price of Charlotte area homes is up 4.8% to $240,000, continuing to indicate a strong Sellers market for homeowners. The condo/townhome segment saw the highest price increase at 8.9 percent to $195,894. The price range that sold the quickest was in the $150,001 to $200,000 range at 25 days. The slowest-selling price range was $300,001 and above range at 63 days.

Home inventory levels were down 8.7 percent overall. However, the property class that gained the most inventory was the Condo/Townhome segment which increase 10.2 percent. Still, it amounts to 2.3 months supply for Single-Family homes and 1.7 months supply for Condos/Townhomes. Note that a six-month supply of inventory represents a balanced market, so all classes of properties are lagging substantially from a healthy and balanced market. Great news for sellers; not so much for buyers unless they’re shopping in the $300,000+ range where inventory levels are better.

Recent Single Family Home Sales in Charlotte NC

View the most recent single family homes sold in Charlotte, NC in the last 1 day.

Craftsman design with a welcoming double front porch! Popular home design features a first floor owner's suite. The gourmet kitchen with white cabinets is beautifully appointed and has a spacious island with plenty of space for additional seating. Light filled gathering room with corner fireplace. Beautiful laminate wood flooring throughout entire first floor. Enjoy the views of the outdoors from the rear patio. Spacious mudroom complete with drop zone at garage entry. Second floor features a spacious loft. Secondary bedrooms all have walk-in closets and direct access to a bath.

$445,465 Closed

12006 The Ramble Drive 178 Huntersville, North Carolina

4 Beds 4 Baths 3,308 SqFt 0.290 Acres

Impressive exterior features stone and brick with welcoming front porch. Flex space on main across from dining room with butler's pantry, which makes entertaining easy! Cook's kitchen includes painted linen cabinetry w/ espresso island, and Carrara Capezio quartz plus 36" gas cooktop and wall oven. Large walk in pantry with wood shelving. Kitchen opens to family room w/ fireplace and separate breakfast room leading out to covered porch. Drop zone conveniently located at entrance from garage. Upstairs you will find the private owner's suite w/ luxurious bath with free standing tub and two walk-in closets. Spacious secondary rooms also include walk-in closets. Laundry room conveniently located on second floor. Bonus room and loft on the second floor. Move into your new home this spring! Walden will feature pool, clubhouse, playground, walking trails and more!

$588,990 Closed

15139 Keyes Meadow Way 52 Huntersville, North Carolina

5 Beds 5 Baths 4,279 SqFt 0.189 Acres

Awesome walk-out basement on beautiful homesite backing to wooded common space!

$514,972 Closed

15147 Keyes Meadow Way 54 Huntersville, North Carolina

5 Beds 5 Baths 4,415 SqFt 0.200 Acres

This is it! RARE opportunity to own 1.7 acres on Lake Norman with long range main channel views. The possibilities are endless as you can build your custom dream home or renovate the existing home on the property. Located conveniently near the border of Huntersville/Cornelius close to Birkdale Village, I-77, restaurants, shops and so much more! Home and outbuilding being sold "as-is". Also listed as lot MLS #3355179.

$699,900 Closed

15919 Sunset Drive Huntersville, North Carolina

3 Beds 2 Baths 2,705 SqFt 1.700 Acres

Learn the TRUE Market value of your Home Now!

Charlotte April 2019 Market Overview APRIL 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	April 1, 2019	April 1, 2018	Change
New Listings	5,771	5,824	- 0.9%
Pending Sales	5,324	4,794	+ 11.1%
Closed Sales	4,221	4,217	+ 0.1%
Days on Market Until Sale	47	44	+ 6.8%
Average List Price	$357,063	$336,516	+ 6.1%
Average Sales Price	$304,996	$292,297	+ 4.3%
Median Sales Price	$253,500	$240,000	+ 5.6%

Strongest Properties by TYPE in the Charlotte Region April 2019

Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview

KEY METRICS	April 1, 2019	Change
Price Range with the Strongest Sales	$300,001 and above	+0.09%
Bedroom Count with Strongest Sales	3 Bedrooms or Less	+0.003%
Property Types With Strongest Sales	Single Family	+ 1.1%

Strongest Home Sales in Charlotte NC

View the most recent single family homes over $300,000 sold in Charlotte, NC in the last 10 days.

$595,000 Closed

2621 Millie Lane Charlotte, North Carolina

4 Beds 4 Baths 2,462 SqFt 0.126 Acres

New Construction in NoDa!!! Come see what living in the Arts District is all about. Walking distance to local area restaurants, shops and the 36th Street Light Rail Station. These spacious modern style townhomes are spread out over three floors with 10' ceilings on the main level. French Doors off kitchen leading onto a spacious front porch, perfect for entertaining as well as a great lower level bedroom perfect for guests or a great home office. Short walk to nearby North Charlotte Neighborhood Park. Don't let these amazing townhomes get away! Price Listed includes upgrades. Buyer can personalize and add additional upgrades in our design center.

$417,180 Closed

4205 Spencer Towns Lane 15 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.029 Acres

Charming red brick ranch on a prime corner lot in hot Chantilly. This home has outstanding curb appeal sitting gently above street level behind an expansive front lawn. The rear of the property is shaded by a majestic oak, making the screened side porch all the more inviting. The interior of the home boasts hardwoods throughout the living areas and bedrooms and a tastefully updated kitchen featuring new cabinets, appliances, built-ins, and bronze sink. Preserve the cozy cottage feel by remodeling to your personal taste or build your dream home. Showings begin 10/4/19.

$325,000 Closed

2401 Kingsbury Drive Charlotte, North Carolina

2 Beds 1 Baths 805 SqFt 0.260 Acres

Beautiful New Construction! This gorgeous 1 1/2 style "French Country" elevation home with 2,634 sq. ft. features 4 bedrooms & 3 bathrooms with the owner's suite on the 1st floor with Bath Oasis. 2 additional bedrooms on the 1st floor and a loft with 4th bedroom and full bathroom on 2nd floor. Granite counter tops, SS appliance package and enhanced vinyl plank flooring. Move-in ready in November!

$332,274 Closed

7621 Meridale Forest Drive 113 Charlotte, North Carolina

4 Beds 3 Baths 2,634 SqFt 0.211 Acres

Charlotte Region 1st Quarter Market Data

The Charlotte Region Marketwatch report data includes information from the Charlotte Region (Alexander, Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and Union counties) and South Carolina Region (Chester, Chesterfield, Lancaster and York counties) for both single family & condos and townhomes combined. Figures are calculated using rounded figures and are refreshed regularly.

Recent Condo & Townhome Sales in Charlotte NC

View the most recent condos & townhomes that have sold in Charlotte, NC over the last 10 days.

$417,180 Closed

4205 Spencer Towns Lane 15 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.029 Acres

End Unit with fenced and paved private backyard. Master Bedroom on Main. Close to Shopping and Restaurants

$169,000 Closed

2233 Cigar Court Charlotte, North Carolina

3 Beds 2 Baths 1,400 SqFt

The condo is located with 10 miles of South Park, Carolina Place Mall, and I-485. This cozy unit features two bed rooms and two baths. The walk in closets are spacious. The living room features a fireplace that has been painted.

$154,900 Closed

9443 Vicksburg Park Court Charlotte, North Carolina

2 Beds 2 Baths 988 SqFt

Days on Market Until Sale

Average number of days between when a property is first listed and when an offer is accepted from the Charlotte Region Housing Supply Overview

Days on Market Until Sale by Price Range APRIL 2019

BY PRICE RANGE	April 1, 2018	April 1, 2019	Change
$100,000 and Below	60	45	- 25.0%
$100,001 to $150,000	32	28	- 12.5%
$150,001 to $200,000	25	25	0.0%
$200,001 to $300,000	38	36	- 5.3%
$300,001 and Above	67	63	- 6.0%
ALL PRICE RANGES	46	43	- 6.5%

Days on Market Until Sale by Bedroom Count APRIL 2019

BY BEDROOM COUNT	APRIL 2018	APRIL 2019	CHANGE
2 Bedrooms or Less	42	35	- 16.7%
3 Bedrooms	37	35	- 5.4%
4 Bedrooms or More	58	55	- 5.2%
ALL BEDROOM COUNTS	46	43	- 6.5%

Days on Market Until Sale by Property Type APRIL 2019

BY PROPERTY TYPE	April 1, 2018	April 1, 2019	Change
Single Family	58	53	- 8.6%
Condos & Townhomes	37	38	+ 2.7%

New Homes for Sale in Charlotte NC

View the newest homes for sale in Charlotte, NC listed in the last 1 Day.

This lovely home in one of Charlotte's fastest growing areas in the Mountain Island lake area has so much to offer! From the corner, fenced-in lot to the open, spacious design to the unique and custom features, this home does not disappoint. This 3 bed/optional 4 bedroom plan in Chastain Walk offers a gorgeous dining area and a large, functional kitchen and great sized living spaces on the main floor. Upstairs, buyers will be delighted to find a large master bedroom suite and additional bedrooms and laundry areas. This home lives large and some additional upgrades include the newer AC units, updated back door, custom patio and new water heater in 2018. Come see all this fabulous home has to offer!

$259,000 Active

9407 Chastain Walk Drive Charlotte, North Carolina

3 Beds 3 Baths 2,283 SqFt 0.270 Acres

You Will FALL IN LOVE With This Gorgeous Stone & Vinyl Shake 4 BR/2.1BA + Loft w/Curb Appeal+ in HOT HOT Steele Creek! Only 2 yrs Young, This Stunner Offers the Bright, Open Floor Plan + all of the Upgrades You're Looking For! Covered Front Porch, Open Formals, incl Very Spacious Dining Room w/Tray Ceiling, Elegant Moldings & Architectural Details. Enjoy Prepping Meals for Friends and Family in the Fully Upgraded Chef's Kitchen w/Graduated Cabinetry, Granite Counters, Tiled Backsplash, Single Bowl Sink, Center Island, Stainless Appliances incl French Door Refrigerator & a Pantry - All Open to HUGE Great Room w/Gas Log FP, Gorgeous Top-Quality LVP Flooring Dn. HUGE Loft up + Amazing Owners' Suite w/Spa Bath Boasting Soaking Tub + Semi-Seamless Tiled Shower. Walk-in Offers Custom Organizers. 3 Large Secondary Bedrooms, DBL Vanity in Hall BA. Backs to Deep Tree Save - No Backdoor Neighbors! All of this + NO HOA, THAT'S RIGHT! NO HOA! Mins to Outlet Shops, Restaurants, 485 & Airport! WOW!

$300,000 Active

5619 Fenway Drive Charlotte, North Carolina

4 Beds 3 Baths 2,549 SqFt 0.184 Acres

This charming 3B/2B ranch located in a cul de sac is waiting for you to move in. It is move in ready and has easy access to major highways and shopping areas.
Open floor plan with vaulted ceilings in family room. Spacious master bedroom. Separate laundry room. Washer and dryer do not convey.
A must see!

$165,000 Active

1510 Verese Court Charlotte, North Carolina

3 Beds 2 Baths 1,225 SqFt 0.220 Acres

Bright, beautiful, well maintained and conveniently located home is ready for you to move in! This almost new (2018 built) single-family home boasts everything you would want in a home. Upon entry, the spacious dining room offers well kept, gleaming wood floors. The family room highlights a fireplace and combines with a breakfast room and kitchen offering clear sightlines across. Well kept chef's kitchen with all appliances conveying (refrigerator, washer, and dryer).
Upstairs offers a great sized loft/bonus room, master and ensuite bath, and good sized additional beds/baths.

Welcome home!

$250,000 Active

6620 Nathan Drive Charlotte, North Carolina

4 Beds 3 Baths 2,365 SqFt 0.130 Acres

View ALL New Listings in Charlotte, NC

Percent of Original List Price Received APRIL 2019

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions from the Charlotte Region Housing Supply Overview

BY PRICE RANGE	April 1, 2018	April 1, 2019	Change
$100,000 and Below	91.6%	91.1%	- 0.5%
$100,001 to $150,000	97.9%	97.3%	- 0.6%
$150,001 to $200,000	98.3%	97.8%	- 0.5%
$200,000 to $300,000	97.6%	97.4%	- 0.2%
$300,000 and Above	96.6%	96.5%	- 0.1%
ALL PRICE RANGES	97.0%	96.7%	- 0.3%
BY BEDROOM COUNT
2 Bedrooms or Less	95.8%	95.8%	0.0%
3 Bedrooms	97.5%	97.2%	- 0.3%
4 Bedrooms or More	96.7%	96.4%	- 0.3%
ALL BEDROOM COUNTS	97.0%	96.7%	- 0.3%
BY PROPERTY TYPE
Single Family	96.7%	96.5%	- 0.2%
Condos & Townhomes	98.2%	98.0%	- 0.2%