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.

This is the Executive home in the location you have been looking for! Just minutes from neighborhood schools, Ballantyne and I-485, getting where you want to be is a breeze! The wooded, cul-de-sac lot gives you the privacy you want and you are just a block or so from the community amenities. The layout of this home is perfect for entertaining and offers multiple living areas to allow for together or quiet time. This full brick home offers the most desirable features: 2 story Foyer, Office/Den/Study, Formal Dining, Butler's Pantry, Family Room open to informal dining and Kitchen, first floor Laundry Room, 2 Pantries. Spacious Owner's Suite has trey ceiling, ensuite bath with double vanity, garden tub, shower. Bonus/Rec Rooms on the 2nd and 3rd floor. Enjoy outdoor Southern living from the paver patio and 16'x18' screened porch. Extensive landscaping with full irrigation. Int. repaint, lower HVAC 2019, Roof 2015. New granite kitchen countertops and tile backsplash.

$825,000 Closed

10213 Hazelview Drive 19 Charlotte, North Carolina

4 Beds 4 Baths 4,332 SqFt 0.410 Acres

Beautiful end unit townhome has been meticulously maintained. Located in the well sought after Steele Creek area, minutes from shopping, dining, entertainment, major attractions and interstates. The main floor includes a entry hall, great room, living room, bathroom, fully equipped kitchen with patio facing the woods. Second floor has two big bedrooms, bathrooms, laundry room and a loaf that can easily be turned into a home office. The community features an in ground pool and walking trails.

$312,000 Closed

13961 Singleleaf Lane Charlotte, North Carolina

2 Beds 3 Baths 1,580 SqFt 0.060 Acres

Freshly painted home in the well-established, quiet Sweetbriar neighborhood. Conveniently located near all the interstates, this home has an open floor plan that is ideal for gathering and entertaining. Entering the home, you will find the formal dining room that is outfitted with columns and wainscot molding. The kitchen has stainless-steel appliances, beautiful granite countertops, and a glass backsplash. The wrap-around bar top opens to the breakfast and family room with a gas fireplace, 9 ft. soaring ceilings, and crown molding. The first floor of this home also has a bedroom and full bath. On the second floor, you will find a spacious primary bedroom suite with a tray ceiling, a walk-in closet, and a bathroom with a garden tub and separate shower. Also, on the second floor are two secondary bedrooms, large laundry, and a spacious sun-soaked loft. Equipped with a covered front porch and a large fenced-in backyard with a patio, this home has plenty to offer.

$444,116 Closed

11731 Sweetbriar Ridge Drive Charlotte, North Carolina

4 Beds 3 Baths 2,433 SqFt 0.190 Acres

Imagine living your best life at Tremont Station. This luxury townhome community is located in the vibrant and highly desirable South End area. Tremont Station is an ideal setting for the energetic, innovative, and diverse lifestyle you’re looking for. As a homeowner, you will enjoy rooftop terraces and easy access to award-winning restaurants and shops. These beautiful townhomes offer top-of-the-line finishes, thoughtfully designed modern floor plans, and meticulously crafted details.

$698,650 Closed

535 W Tremont Avenue 96 Charlotte, North Carolina

4 Beds 5 Baths 2,292 SqFt 0.025 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.

$698,650 Closed

535 W Tremont Avenue 96 Charlotte, North Carolina

4 Beds 5 Baths 2,292 SqFt 0.025 Acres

$825,000 Closed

10213 Hazelview Drive 19 Charlotte, North Carolina

4 Beds 4 Baths 4,332 SqFt 0.410 Acres

$444,116 Closed

11731 Sweetbriar Ridge Drive Charlotte, North Carolina

4 Beds 3 Baths 2,433 SqFt 0.190 Acres

"Cool Factor" property coming onto the market at The Royal Truss in NODA - these units are rarely for sale so now is your opportunity 2 bed 1 bath unit(treehouse bedroom/loft added by GC) HOA's $220 a month! HOA dues cover Spectrum Cable and internet, water, trash, HVAC quarterly maintenance, landscaping, shared gas grill & fire pit area. These row units were built in 1953 and converted to condos in 2007, this hip, contemporary complex fits right in The Art District. Abundance of dinning & entertainment at your fingertips w/LYNX Blue Line Light Rail (less than 10 min. walk). Less than 5 minutes to center city
The curved ceilings with original wood slats soar up to 20 feet. An all glass entrance features an 8×10 electric roll up garage style door that opens to the outdoors. 1 full bath on main, "nooks" for office & creative/reading spaces have been defined in the main living space.
Cool hideaway space for 1 or a perfect nest for 2...

$385,000 Closed

852 Academy Street Charlotte, North Carolina

2 Beds 1 Baths 1,138 SqFt

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.

No properties found

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.

Step inside this 2 bed, 2/1 bath townhome in Sardis Glen. It features a cozy fireplace, a fenced back patio, and so much more! Check it out today!

$270,000 Active

1352 Maple Shade Lane Charlotte, North Carolina

2 Beds 3 Baths 1,300 SqFt 0.020 Acres

Step inside this gorgeous 4 bedroom, 3/1 bath home with a bonus room and 2 car garage. It's nestled on a private lot just under a half of an acre. It features a breakfast bar, multiple bay windows perfect for reading by, a rocking chair front porch and so much more! You won't want to miss this one!

$491,000 Active

10201 Withers Road Charlotte, North Carolina

4 Beds 4 Baths 3,007 SqFt 0.470 Acres

STUNNING UPTOWN VIEWS FROM THIS ROOFTOP TERRACE! This END UNIT home, Builder Model, features upscale finishes including 5-inch plank hardwood floors throughout, 3 oak tread staircases, upgraded quartz countertops, subway tile backsplash, stainless steel appliances including range, microwave, dishwasher, refrigerator, blinds, distinctive lighting and more! This home is being sold with a "Leaseback Opportunity" of 12-18 months. Our townhome community features a Dog Park for your furry friends! Live in the heart of Charlotte’s dynamic FreeMoreWest neighborhood adjacent to the Salt & Vinegar Mixed Use Development w/ Legion Brewery, within walking distance of dozens of restaurants & shops along West Morehead & just 1 mile from beautiful Uptown Charlotte. Take your bike out on the Stewart & Irwin Creek greenways & relax next door at Bryant Neighborhood Park. Enjoy city views & easy access to major highways.

$649,000 Active

4201 Bryant Terraces Drive 43 Charlotte, North Carolina

2 Beds 4 Baths 1,727 SqFt 0.023 Acres

AMAZING UPTOWN CHARLOTTE VIEWS TAKING IN BANK OF AMERICA STADIUM! This is a Builder's Model Home and is being sold with a "Leaseback Opportunity". END UNIT HOME w/ ROOFTOP TERRACE. We found your "Work from Home" space in this bonus room and entertain your friends from the ROOFTOP TERRACE! Live in the heart of Charlotte’s dynamic FreeMoreWest neighborhood adjacent to the new Legion Brewery, within walking distance of dozens of restaurants and shops along West Morehead and just 1 mile from beautiful Uptown Charlotte. Take your bike out on the Stewart and Irwin Creek greenways and then relax at Bryant Neighborhood Park, right next door. Featuring upscale finishes such as 7-inch plank hardwood floors throughout, dark gray upgraded cabinets, quartz countertops, stainless steel appliances including refrigerator, range, dishwasher, microwave, blinds, distinctive lighting & more! Our townhome community even features a dog park for your furry friends. Come visit us today!

$749,000 Active

2032 Bryant Park Drive 28 Charlotte, North Carolina

3 Beds 5 Baths 2,443 SqFt 0.028 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%