Charlotte Real Estate October 2019

Charlotte Market Data Overall OCTOBER 2019

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

NEW LISTINGS	PENDING SALES	CLOSED SALES	STRONGEST PROPERTY TYPE
5,122	4,675	4,284	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$330,490	$305,890	$253,000	96.5%	40

October 2019 Overview

Mortgage rates increased slightly in October from the three-year lows in September. Even with the uptick in rates, they are still approximately 1% lower than this time a year ago. Fannie Mae is predicting continued low rates, and even possibly lower rates in 2020.

New Listings were up in the Charlotte region by 5.9 percent to 5,122. Pending Sales increased 25.9 percent to 4,675. Inventory shrank 19.5 percent to 9,094 units. Median Home Sales Prices were up 9.3% to $253,000. Months Supply of Homes for Sale was down 25% to 2.1 months in October. As we expect slower seasonal sales through year-end, we expect that historically low mortgage rates will continue to buoy buyer demand and a continued increase in home prices.

The persistent low inventory of housing also continues to place a burden on sales activity from where it would potentially be in a balanced housing market.

Recent Single Family Home Sales in Charlotte NC

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

Cute cottage in booming Oakhurst, surrounded by new construction. Two bedrooms and one bath, with original hardwoods, plus an extra office/bonus area. Rocking chair front porch and back deck, and a storage building. House is part of a larger parcel, which is being split into two lots (recorded with county, but Polaris hasn't updated yet). This is on lot 9, and encompasses .21 of an acre. Great location just down the street from Oakhurst Square shopping center with a gym, yoga, pharmacy and the amazing Swirl bakery. Great way to get in this wonderful community. Welcome home.

$289,000 Closed

1618 Chippendale Road Charlotte, North Carolina

2 Beds 1 Baths 1,090 SqFt 0.210 Acres

$1,316,500 Closed

2205 Alexander Dowd Drive Charlotte, North Carolina

7 Beds 7 Baths 5,518 SqFt 0.300 Acres

$277,000 Closed

7234 Finnigan Road Charlotte, North Carolina

3 Beds 3 Baths 2,196 SqFt 0.141 Acres

Check out this lovely 2nd Level Condo in the University area located in the Shannon Green Subdivision I. It features a vinyl plank hardwood look flooring throughout, Master Bedroom with a stand up shower master bath. 2nd bathroom with a bathtub in the hallway. This unit is ready to move in. Great for investors or 1st time buyer. Walking distance to UNCC, close to shopping, hospitals, major highways and much more!

$112,500 Closed

9510 Shannon Green Drive Charlotte, North Carolina

2 Beds 2 Baths 843 SqFt

Learn the TRUE Market value of your Home Now!

Charlotte August 2019 Market Overview OCTOBER 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	OCTOBER 2018	OCTOBER 2019	CHANGE
New Listings	4,835	5,122	+5.9%
Pending Sales	3,712	4,675	+ 25.9%
Closed Sales	3,865	4,284	+ 10.8%
Days on Market Until Sale	42	40	- 4.8%
Average List Price	$308,457	$330,490	+ 7.1%
Average Sales Price	$278,811	$305,890	+ 9.7%
Median Sales Price	$231,500	$253,000	+ 9.3%

Strongest Properties by TYPE in the Charlotte Region OCTOBER 2019

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

KEY METRICS	OCTOBER 2019	CHANGE
Price Range with the Strongest Sales	$300,000 and above	+18.1%
Bedroom Count with Strongest Sales	3 Bedrooms	+ 7.7%
Property Types With Strongest Sales	Single Family	+ 7.6%

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.

Beautiful full brick home w/stone accents & loads of upgrades on a deep, level & private lot. HW floors thru out main level, except BD 4, HW stairs & HW's in upstairs hallways. Generous trim, mouldings & baseboards thru out. Grand 2 sty foyer. Formal DR & LR plus spacious GR w/stone FP. Gourmet kit w/granite tops, island, 42" stacked cabinets, some w/glass fronts, SS appliances including 6 burner gas cooktop. Main level guest suite/office w/adjoining full BA. Huge master suite w/sitting room w/a FP, bench seat & built-ins. Master BA has tile floor, garden tub, separate shower, dual vanities & oversized walk-in closet with built-ins. Secondary BR's are large w/plenty of closet space. Enormous bonus rm w/built-ins. Built in speakers in multiple locations. 2 car garage w/overhead storage & drop zone leading into the house. Brick paver driveway and rear patio. Back yard is perfect for adding a built-in pool. Prime location near Arboretum, Waverly, Ballantyne, Uptown w/outer belt access.

$689,000 Closed

5500 Open Book Lane Charlotte, North Carolina

5 Beds 4 Baths 3,948 SqFt 0.250 Acres

$1,316,500 Closed

2205 Alexander Dowd Drive Charlotte, North Carolina

7 Beds 7 Baths 5,518 SqFt 0.300 Acres

Downstairs features hardwoods throughout, study with french doors, and a private guest suite w/ guest bath for your guests. 2nd floor large open loft. Jack and Jill bedrooms. WOW! This home has EVERYTHING! Kitchen with 36” by 42” castled cabinets with crown molding, 9” deep sink with Moen Goose neck Faucet, Granite counter tops, ceramic tile back splash, Pendent light pre-wires, stainless steel appliances w/ Gas range, Wrought iron spindles on 1st and 2nd floor, crown molding in foyer and dining room, Fireplace, ceramic tile in bathrooms, Master bath with over sized tile glass enclosed shower w/seat and MUCH more!

$396,829 Closed

16020 Pela Croix Drive Lot 554 Charlotte, North Carolina

5 Beds 5 Baths 3,322 SqFt 0.200 Acres

Beautiful Home in Berewick with 4 bedrooms, 3.5 baths plus a bonus room! This open floor plan features hardwood flooring throughout the living area. A spacious kitchen with lots of counter top space, granite countertops and stainless steel appliances. Spacious master bedroom with walk in closet and a master bathroom with standup shower and soaking tub. Fully fenced backyard with electric awning to shade the paver patio and a built in grill. The amenities in this neighborhood include 2 pools, basketball court, walking trail, club house with gym, volleyball court and playground. This home is near the Premier Outlets, grocery stores, restaurants and I-485. Make your appointment today it won't last long!!

$379,900 Closed

7311 Scone Palace Court Charlotte, North Carolina

4 Beds 4 Baths 3,032 SqFt 0.210 Acres

Charlotte Region 2nd 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 OCTOBER 2019

Obtained from Housing Supply Overview

BY PRICE RANGE	OCTOBER 2018	OCTOBER 2019	CHANGE
$100,000 and Below	49	45	- 8.2%
$100,001 to $150,000	30	28	- 6.7%
$150,001 to $200,000	23	26	+ 13.0%
$200,001 to $300,000	36	38	+5.6%
$300,001 and Above	64	61	- 4.7%
ALL PRICE RANGES	43	44	+2.3%

Days on Market Until Sale by Bedroom Count OCTOBER 2019

Obtained from Housing Supply Overview

BY BEDROOM COUNT	OCTOBER 2018	OCTOBER 2019	CHANGE
2 Bedrooms or Less	36	35	- 2.8%
3 Bedrooms	34	37	+ 8.8%
4 Bedrooms or More	56	55	- 1.8%
ALL BEDROOM COUNTS	43	44	+2.3%

Days on Market Until Sale by Property Type OCTOBER 2019

Obtained from Housing Supply Overview

BY PROPERTY TYPE	OCTOBER 2018	OCTOBER 2019	CHANGE
Single Family	45	45	0.0%
Condos & Townhomes	30	35	+ 16.7%

New Homes for Sale in Charlotte NC

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

Ranch with potential. Great investment opportunity.

$69,000 Active

1856 Brownstone Street Charlotte, North Carolina

3 Beds 1 Baths 1,080 SqFt 0.170 Acres

GREAT ALL BRICK HOME CLOSE TO DOWNTOWN!!! Wonderful home only minutes away from downtown Charlotte. Home sits on a large, beautiful park-like 0.77 acre lot. Features include a large great room for family gatherings and entertainment, living room, kitchen and breakfast area, dining room, and 2 bedrooms. and 2 full baths. With minor changes this home could easily be made into 3 bedrooms. Relaxing patio out back and detached 2 car garage with electrical. HURRY THIS HOME WILL NOT LAST LONG !!!

$249,900 Active

302 Dakota Street Charlotte, North Carolina

2 Beds 2 Baths 2,026 SqFt 0.770 Acres

Welcome home to this beautiful South Park Stunner! This FULL BRICK custom home in desirable QUAIL PARK area has it all! Oversized garage w sink, 2 story Foyer, spectacular hardwood floor throughout entire home, formal living and dining room, extensive molding, open great room with coffered ceiling, gas fireplace with custom mantle, large gourmet kitchen, stainless, Cental Vac, recessed / pendant lights, cabinet space, TWO walk in pantry, breakfast area overlooking PRIVATE back yard, an owner's suite to die for with huge sitting area and vaulted ceiling. The OWNER's BATH has been COMPLETELY REMODELED with CUSTOM designer tub, LUXURY shower, NEW tile work, DUAL vanities, water closet, large walk-in HIS/HER closet. Upstair bedrooms are spacious with hardwood floors throughout! Fixed stairs to large attic storage. Backyard is amazing OASIS with heated salt water POOL, HOT TUB, kitchen, fireplace. Close to South Park Mal, Uptown. Located in welcoming community with events throughout year.

$1,100,000 Active

7746 Quail Park Drive Charlotte, North Carolina

5 Beds 5 Baths 3,884 SqFt 0.330 Acres

Welcome Home!! Wonderful Full Brick 3 Bedroom house located in an established neighborhood that features a spacious floor plan with a finished basement. House has been updated with new roof, new paint, new wood and tile floors throughout, new granite kitchen countertops, new light fixtures, new toilets and bathroom vanities, but waiting for you to add your finishing touches to make it yours. House is located on a large .41 acre lot. The large yard and deck is great for bbqs and family gatherings. Sold as is.

$280,000 Active

5003 Tewkesbury Road Charlotte, North Carolina

3 Beds 3 Baths 2,220 SqFt 0.410 Acres

View ALL New Listings in Charlotte, NC

Percent of Original List Price Received OCTOBER 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	OCTOBER 2018	OCTOBER 2019	CHANGE
$100,000 and Below	91.8%	90.4%	- 1.5%
$100,001 to $150,000	97.7%	97.1%	- 0.6%
$150,001 to $200,000	98.1%	96.6%	- 0.5%
$200,000 to $300,000	97.6%	97.2%	- 0.4%
$300,000 and Above	96.6%	96.6%	0.0%
ALL PRICE RANGES	97.0%	96.7%	- 0.3%
BY BEDROOM COUNT
2 Bedrooms or Less	96.0%	95.7%	-0.3%
3 Bedrooms	97.5%	97.1%	- 0.4%
4 Bedrooms or More	96.6%	96.5%	- 0.1%
ALL BEDROOM COUNTS	97.0%	96.7%	- 0.3%
BY PROPERTY TYPE
Single Family	96.7%	96.5%	- 0.2%
Condos & Townhomes	98.2%	97.9%	- 0.3%