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.

This home has so much to offer, and you do not want to miss your chance to purchase it and make it your own! Located in the quiet neighborhood of Cedar Mill, this charming home boasts an efficient floorplan that offers 3 bedrooms and 2.5 full baths perfect for your needs. Be welcomed by the fantastic high-ceiling living area covered by handsome floors and a cozy fireplace upon entry. The floorplan also features an additional room for recreation and a well-lit dining to gather and enjoy meals you crafted from the gourmet kitchen packed with ample space, cabinetry, and lovely countertops. Rest in the bright and airy primary suite with an elegant bath and a large walk-in closet upstairs. Let your family/guest choose which bedroom to occupy among the 2 additional bedrooms with a shared bath. Outside, you'll love to hang out in the spacious backyard, perfect for your outdoor activities. See for yourself. Schedule your private tour now!

$302,000 Closed

749 Lumber Lane Charlotte, North Carolina

3 Beds 3 Baths 1,701 SqFt 0.120 Acres

Call all investors ... BEST DEAL IN STEELE CREEK! 3 bedroom and 2.5 bathroom townhome in Steele Creek area. Townhome needs TLC and ready for you to bring your personal touches. Quick flip for the right investor. Sold "as is" owner will not make any repairs. Main level features open concept living/dining room with fireplace, kitchen with center island, pantry, laundry room and powder room (1/2 bath). Enclosed patio area off the kitchen. Upstairs features master bedroom with private bath and 2 additional bedrooms and hall full bath. Rocking chair covered front porch . Community Pool, club house and playground. Prime location, minutes to Carowinds and shopping and dining. HURRY THIS ONE WILL NOT LAST LONG !

$183,000 Closed

12709 Tucker Crossing Lane Charlotte, North Carolina

3 Beds 3 Baths 1,304 SqFt

Awesome opportunity in popular Villa Heights! Conveniently located near NoDa and within a few minutes of Uptown Charlotte. One owner home. Spacious living room with added den area that is cooled and heated. Kitchen with plenty of counter space and eat-in area. Home has good bones, you can add to this home or build your own custom home. You don't want to miss out on this home that is located near the heart of the city! Home sold in as-is condition.

$355,000 Closed

2401 Pinckney Avenue 1 Charlotte, North Carolina

2 Beds 1 Baths 943 SqFt 0.190 Acres

This 2 story townhome stocked with full modern convenience is move-in ready! This home features an efficient open-concept floor plan that will surely suit the needs of you and your family. The main floor includes a spacious living area with a cozy fireplace and excellent natural light set up, an intricately designed dining area, and a lovely gourmet kitchen that features a large pantry, solid countertops, and modern appliances perfect for prepping meals. You'll definitely love the comfort and warmth of the cozy primary suite equipped with a private closet and en suite bath equipped with dual vessel sinks and a lovely bathtub located upstairs. There are also two other bedrooms to accommodate guests near the laundry room. Come and see what this home has to offer! Schedule your private tour now.

$380,000 Closed

9412 Alice Mcginn Drive Charlotte, North Carolina

3 Beds 3 Baths 1,788 SqFt 0.080 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.

$380,000 Closed

9412 Alice Mcginn Drive Charlotte, North Carolina

3 Beds 3 Baths 1,788 SqFt 0.080 Acres

$302,000 Closed

749 Lumber Lane Charlotte, North Carolina

3 Beds 3 Baths 1,701 SqFt 0.120 Acres

$355,000 Closed

2401 Pinckney Avenue 1 Charlotte, North Carolina

2 Beds 1 Baths 943 SqFt 0.190 Acres

Lovely 4 BR, 2.5 BTH 2 story transitional located at the end of a quiet cul de sac in Wynridge Estates on a large app. 1/2 acre lot. Home has been freshly painted on all of the interior, new carpeting on lower level, new luxury vinyl plan on lower level. Master bedroom is on mail level and has beautiful views of the back yard. Master bath features a new double sink vanity, quartz counters and updated fixtures. Upstairs are 3 large bedrooms, a full bath and an oversized bonus room. Two story great room is bright and open with a wall of windows. Bright and open kitchen has maple cabinets, granite counters, and backsplash and opens to breakfast room and great room. Great home in fabulous Ballantyne location close to everything. This is an estate sale, owner's sister is executor of the estate and has never lived in the home. Necessary updates were made to offer the buyers the opportunity to personalize this home once they move it. Priced to sell quickly. Showings start 9 AM Friday.

$485,000 Closed

9803 Andrea Way Charlotte, North Carolina

4 Beds 3 Baths 2,554 SqFt 0.480 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.

Charlotte Real Estate Market Report June 2019

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.

Corner lot on tree-lined street in Charlotte's highly desirable Myers Park! Fantastic opportunity on sought after street with easy walk to grocery, shops, and restaurants. Minutes from Uptown. Home in need of major remodel OR perfect for New Construction. 4th bedroom is perfect size for a nursery or office. Professional pictures to be taken 8/5.

$1,000,000 Active

2201 Beverly Drive Charlotte, North Carolina

4 Beds 3 Baths 2,782 SqFt 0.290 Acres

Private Mid-Rise Condo nestled in uptown with easy walking access & a modern open concept design. Secure fob access building comes with gated garage & dedicated parking space on the same level as the unit.
This perfect uptown location has walking distance attractions including, Spectrum Center, 7th Street Public Market, several light rail stops, Romare Bearden Park, Truist baseball Field, & many of the city’s hottest restaurants!
Unit features gorgeous wood floors, high ceilings, kitchen with granite countertops, peninsula and tiled backsplash.
Work at the built in desk with over head shelving or take your laptop out to the walkout patio that extends into the building’s private interior courtyard which is also perfect for entertaining. The front door closet has a pop out cabinet that reaches to the ceiling, the bathroom has built in shelves behind the door as well as a shelf in the tiled shower surround makes for ample storage. Huge walk-in closet includes a stacked washer & dryer.

$184,500 Active

525 6th Street E 110 Charlotte, North Carolina

1 Beds 1 Baths 470 SqFt

Great Split Level with Great Potential. This 3 bedroom home has a spacious main level living room, dining room and kitchen with vaulted ceiling. Upper level has large primary bedroom with double closet and private bath with stand in shower. 2 secondary bedrooms and full bath also upstairs. Lower level has den and laundry area with 1 car garage access. This home is located on a cul-de-sac lot with a huge back yard. Mature trees for shade but plenty of room to run around. The home is in the Wexford community just off Harris Houston Rd. and Hwy 49. Quick access to I-485 and short drive to UNCC, Harrisburg or Concord Mills area. Don't miss this opportunity to own this home!

$235,000 Active

10832 Dungarvon Court Charlotte, North Carolina

3 Beds 2 Baths 1,481 SqFt 0.370 Acres

AMAZING INVESTOR OPPORTUNITY! 11 PROPERTY BUNDLE IN OPPORTUNITY ZONE

This bundle consists of 10 SFR and 1 duplex, all located in Washington Heights historic district. Homes all built in 1964 with similar floor plans, in similar condition; specific amenities/utilities may vary. SFR are $140,000; the Duplex offered at $230,000; entire bundle for $1,630,000.

The vacant home can be viewed by scheduling w/ ShowingTime. All other homes are rented - PLEASE DO NOT DISTURB TENANTS; DO NOT WALK LOTS OF OCCUPIED HOMES.

Located 3 miles to uptown, quick access to I277, I77 & I85; only 2 miles to popular Camp North End, near Johnson C Smith University, Northwest School of the Arts, University Park Creative Arts School, LC Coleman Neighborhood Park and Lincoln Heights Park. Construction of Phase II of the LYNX Gold Line, a $150m streetcar investment. and $20M in public investment in new streets, infrastructure and a new plaza at the Five Points intersection makes this a great investment.

$140,000 Active

2600 Remington Street Charlotte, North Carolina

2 Beds 1 Baths 696 SqFt 0.207 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%