Charlotte Real Estate May 2019

Charlotte Market Data Overall for May 2019

Charlotte Market Data Overall MAY 2019

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

NEW LISTINGS	PENDING SALES	CLOSED SALES	STRONGEST PROPERTY TYPE
6,587	5,627	4,864	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$343,468	$309,859	$259,900	97.3%	41

May 2019 Overview

In the Charlotte market, there continues to be a shortage of home inventory for sale at the lower end of the price spectrum typically defined as homes priced below $200,000. Meanwhile, inventories and sales are rising in the upper price points. The price range with the largest gain in sales was in the $300,000+ range which increased 9.6 percent.

The Median Sales Price is up 5.2% and is currently at $242,000. The property class with the largest price gain was the Condo/Townhome segment with a 10% annual increase to $198,000. The fastest selling price range was the $150,000 to $200,000 range at 25 days and the slowest selling price range was the $300,000+ range at 63 days.

Overall, inventory levels were down 10.1% from this time last year with 2.4 months supply for Single-Family homes and 1.8 months supply for Condos-Townhomes. Note that a balanced market of inventory between buyers and sellers is 6 months. Therefore, current inventory is significantly below this balanced market threshold. This bodes very well for sellers who are considering putting their homes on the market which would be very much in demand from the larger pool of buyers. Sellers of homes with values of $250,000 and below can routinely expect high demand and multiple offers. Sellers of higher-end homes in the best-selling range of $300,000+ can expect brisk activity as well, but the entry-level price range ($250,000 and below) for first-time buyers is most in demand.

Recent Single Family Home Sales in Charlotte NC

View the most recent single family homes sold in Charlotte, NC in the last 3 days.

Welcome to the 4th Ward in the dynamic "uptown" of Charlotte! This spacious one bedroom condo has a bright, open floor plan which is perfect for entertaining. Located on the third floor, this unit is move in ready! Updates include HVAC 2022, hot water tank 2021, dishwasher 2022, W/D 2022, remodeled bathroom 2021, kitchen backsplash 2021, vinyl plank flooring 2020, and more. The Queen City is an amazing place to work and play and this condo is in the perfect location. Begin your day at a local coffee shop followed by an afternoon of museum hopping. Catch the light rail to the Market at 7th street where you can feast on an array of culinary options. End the evening viewing the city skyline on one of many rooftop bars. Come home and cozy up to your wood burning fireplace before settling in for the night. You are minutes to restaurants, bars, sports venues, museums and much more! Less than 20 mins to UNC Charlotte, Central Piedmont Community College, and Johnson and Wales.

$262,000 Closed

517 N Graham Street 3F Charlotte, North Carolina

1 Beds 1 Baths 727 SqFt

Nestled in delightful Dilworth along a private street, this top floor condo offers a rare and compelling
opportunity. Surrounded by serene tree-lined streets, its prime position near the Light Rail, Uptown,
South End, and East Blvd ensures unmatched convenience and accessibility. Within a short stroll, a
myriad of dining establishments, grocery stores, shops, and entertainment venues await exploration.
Boasting 2 roomy bedrooms with large, walk in closets and 2 ensuite bathrooms, the spacious open plan interior of this residence exudes elegance with hardwood floors in the living area and a charming central fireplace. The kitchen has granite countertops, quality appliances and rich wood cabinets. Relax on the sunny balcony and enjoy a luxurious low-maintenance lifestyle! Moreover, the community amenities enhance the appeal, with a sizable pool and well-appointed clubhouse promising community connection, leisure and entertainment. Don’t delay, schedule a showing today!

$431,000 Closed

2209 Sumner Green Avenue H Charlotte, North Carolina

2 Beds 2 Baths 1,103 SqFt

$310,740 Closed

7117 North Mills Road Charlotte, North Carolina

3 Beds 3 Baths 1,429 SqFt 0.050 Acres

PROPERTY BEING-SOLD-AS-IS, WITH NO REPAIRS TO BE MADE...This was a rental property that was maintained very well and is in good condition, a must to see to believe. A large lot with NO HOA within the Charlotte city limits(Great location) with lots of potential. The house is set back over a 100 ft from the road and the driveway is over a 100 ft long.

$297,000 Closed

4800 Lawrence Orr Road Charlotte, North Carolina

3 Beds 2 Baths 1,300 SqFt 0.670 Acres

Learn the TRUE Market value of your Home Now!

Charlotte May 2019 Market Overview MAY 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	MAY 2019	MAY 2018	CHANGE
New Listings	6,587	6,408	+ 2.8%
Pending Sales	5,627	4,797	+ 17.3%
Closed Sales	4,864	4,841	+ 0.5%
Days on Market Until Sale	41	39	+5.1%
Average List Price	$343,468	$334,640	+2.6%
Average Sales Price	$309,859	$299,723	+3.4%
Median Sales Price	$259,900	$245,900	+5.7%

Strongest Properties by TYPE in the Charlotte Region MAY 2019

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

KEY METRICS	MAY 2019	CHANGE
Price Range with the Strongest Sales	$300,000 and above	+9.6%
Bedroom Count with Strongest Sales	2 Bedrooms or Less	+ 1.4%
Property Types With Strongest Sales	Single Family	+ 1.6%

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.

$431,000 Closed

2209 Sumner Green Avenue H Charlotte, North Carolina

2 Beds 2 Baths 1,103 SqFt

$310,740 Closed

7117 North Mills Road Charlotte, North Carolina

3 Beds 3 Baths 1,429 SqFt 0.050 Acres

If you are looking for space and location, you have found it! This special property boasts generously sized living and entertaining spaces, both indoors and outdoors. The charming front entrance gate welcomes you with a pathway surrounded with beautiful landscaping. The open den features a fireplace surrounded by lighted cabinetry. The lush garden area offers a serene escape, right in your own backyard. The large deck overlooking this space is an ideal spot for enjoying a morning coffee or hosting outdoor events. The primary bedroom suite features a unique bathroom layout with two separate areas, allowing for customization and convenience. A loft and two bedrooms upstairs allow for so many options for your personal lifestyle. Transform these spaces into a luxurious retreat by incorporating modern updates that reflect your personal style. This townhome offers the perfect balance of comfort, space, and potential. Don’t miss this unique opportunity to live in the heart of Ballantyne!

$600,000 Closed

8956 Challis Hill Lane Charlotte, North Carolina

3 Beds 3 Baths 3,118 SqFt 0.220 Acres

Fabulous cul-de-sac home within minutes to uptown! This 3BR 2BA home welcomes you with a friendly front porch, and enter to find open family room and dining room leading you to the open kitchen and eat in breakfast room. Kitchen offers ample counter space, large family room with wood burning fireplace. Spacious primary suite with garden tub and separate shower double vanity leading to large walk in closet. Upstairs find large bonus room. Quiet neighborhood, close to town without the noises of living in the city!

$335,200 Closed

3115 Mckee Forest Court Charlotte, North Carolina

3 Beds 2 Baths 1,854 SqFt 0.660 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.

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 MAY 2019

BY PRICE RANGE	MAY 2018	MAY 2019	CHANGE
$100,000 and Below	58	45	- 22.4%
$100,001 to $150,000	32	28	- 12.5%
$150,001 to $200,000	25	25	0.0%
$200,001 to $300,000	38	37	- 2.6%
$300,001 and Above	66	63	- 4.5%
ALL PRICE RANGES	45	43	- 4.4%

Days on Market Until Sale by Bedroom Count MAY 2019

BY BEDROOM COUNT	MAY 2018	MAY 2019	CHANGE
2 Bedrooms or Less	41	35	- 14.6%
3 Bedrooms	36	35	- 2.8%
4 Bedrooms or More	57	56	- 1.8%
ALL BEDROOM COUNTS	45	43	- 4.4%

Days on Market Until Sale by Property Type MAY 2019

BY PROPERTY TYPE	MAY 2018	MAY 2019	CHANGE
Single Family	47	45	- 4.3%
Condos & Townhomes	31	33	+ 6.5%

New Homes for Sale in Charlotte NC

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

NOW SELLING! Emery, an enclave of 26 luxury paired townhomes (all are end units) situated in the desirable south Charlotte area between South Park and Ballantyne with direct access to I-485.

$666,610 Active

6020 Corbin Woods Court 10B Charlotte, North Carolina

3 Beds 3 Baths 2,390 SqFt 0.152 Acres

Charming ranch style home in well-established subdivision with NO HOA! Home has tons of potential and features 3-bedroom, 2-bathroom, open living room and dining area, large great room is adjacent to kitchen and perfect for entertaining. Close proximity to I-85, uptown CLT, YMCA, Parks, Shopping and Dining. Large level fenced rear yard with endless possibilities. Home needs cosmetic work and being sold “AS IS.”

$298,500 Active

716 Dedmon Drive Charlotte, North Carolina

3 Beds 2 Baths 1,488 SqFt 0.241 Acres

$626,935 Active

6024 Corbin Woods Court 10A Charlotte, North Carolina

3 Beds 3 Baths 2,173 SqFt 0.097 Acres

Discover the charm of this 2-bed, 1.5-bath condo in Quail Run. Convenience meets comfort with easy access to I-485, South Boulevard Light Rail, public transport, shopping, and dining. Step out to a private fenced patio with storage. Ideal for first-time buyers, downsizers, or savvy investors!

$135,000 Active

7912 Oak Meadow Court 28 Charlotte, North Carolina

2 Beds 2 Baths 1,045 SqFt

View ALL New Listings in Charlotte, NC

Percent of Original List Price Received MAY 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	MAY 2018	MAY 2019	CHANGE
$100,000 and Below	91.7%	90.9%	- 0.9%
$100,001 to $150,000	97.9%	97.2%	- 0.7%
$150,001 to $200,000	98.3%	97.7%	- 0.6%
$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	95.9%	95.7%	-0.2%
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	96.8%	96.5%	- 0.3%
Condos & Townhomes	98.2%	98.0%	- 0.2%