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.

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

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

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

Beautiful land, convenient and situated on Plaza Rd Extension adjacent to I-485. 1.4 acres with brick ranch. The home has 3 bedrooms and 2 full baths home on it now. Sellers wish to sell the property as developable land. Home is being sold as-is, where-is. The property is currently zoned R120 and is served by Reedy Creek Elementary School, Northridge Middle School, and Rocky River High School. Property is also listed as Land in MLS (3853004) Showings by appointment only - 48 hr notice required.

$271,000 Closed

11810 Plaza Road Extension Charlotte, North Carolina

3 Beds 2 Baths 1,535 SqFt 1.400 Acres

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.

$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

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

"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 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.

$259,900 Active

16915 Turning Stick Court Charlotte, North Carolina

2 Beds 3 Baths 1,249 SqFt 0.030 Acres

Beautiful home on large lot, convenient location, great floor plan, eat-in kitchen, spacious rooms and a large back deck.

$375,000 Active

6225 Bridlewood Lane Charlotte, North Carolina

4 Beds 3 Baths 1,868 SqFt 0.319 Acres

Fantastic home in the popular Lanier Village. Most homes in this neighborhood have been new construction but this home is ready for you today! You will love the floorplan on this home. It has 3 spacious bedrooms upstairs as well as a nice sized loft. Downstairs you can enjoy the open floorplan and outside the fenced in yard. Built in 2020 this home has it all and is ready for you! Come check it out today!

$400,000 Active

9808 Oak Barrel Lane Charlotte, North Carolina

3 Beds 3 Baths 2,266 SqFt 0.246 Acres

$347,500 Active

5820 LawnMeadow Drive Charlotte, North Carolina

3 Beds 3 Baths 1,343 SqFt 0.263 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%