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.

Welcome to your dream home! As you enter, you will be greeted by a 2 story foyer and beautiful hardwood flooring throughout the main level. Entire home has been refreshed with new roof, new paint and plush new carpeting throughout. Cozy up to the gas fireplace in the spacious Great Room perfect for family gatherings and relaxing evenings. Enjoy family meals in the gourmet kitchen with stainless steel appliances, gas range, and plenty of space for all your cooking needs. Step outside to your private deck and relax with family or friends while overlooking the private wooded back yard with a cup of coffee or your favorite cocktail. Retreat to your luxurious master bedroom with vaulted ceiling and plenty of space for all your furniture. Then enjoy a soothing bath in your master bath garden tub. This gem is conveniently located to shopping, dining, and amenities with easy access to center city, Northlake Mall and the University City area . Come see it for yourself and fall in love!

$375,000 Closed

6309 Forest Pond Drive Charlotte, North Carolina

4 Beds 3 Baths 2,187 SqFt 0.170 Acres

Opus Myers Park is a luxury condo development located at the iconic intersection of Queens and Providence in the heart of Myers Park. Premium features include 10 ft ceilings, 8 ft casement windows with plantation shutters, a linear gas fireplace, gourmet kitchen with stainless steel appliances and "smart phone" home operation. Underground secure parking with elevator access leading directly to your home.

$1,275,000 Closed

1333 Queens Road C3 Charlotte, North Carolina

3 Beds 3 Baths 2,554 SqFt

Welcome to this Fixer-Upper gem located in the sought-after Nations Ford Homes Community! This property offers an exceptional opportunity to create your dream home in a prime location. As a Fixer-Upper, the property is being sold as-is, which means the seller will not make any repairs, and it's priced accordingly. This provides the perfect chance for you to bring your creativity and design skills to life while making it a home that reflects your personal style and preferences. Conveniently located just off I-77 with easy access to I-485, South Park, Uptown, and Charlotte Airport. The fenced backyard offers privacy and a great space for entertaining, gardening, or relaxing after a long day. Overall, this Fixer-Upper property presents an incredible opportunity for those looking to create their own vision of a dream home in a highly desirable location. Don't miss your chance to own this gem! The listing agent has an ownership interest in the property.

$161,500 Closed

1018 Choyce Avenue Charlotte, North Carolina

2 Beds 1 Baths 714 SqFt 0.240 Acres

Estate property sold to a family friend.

$320,000 Closed

13115 Greycrest Drive Charlotte, North Carolina

3 Beds 2 Baths 1,540 SqFt 0.250 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.

$375,000 Closed

6309 Forest Pond Drive Charlotte, North Carolina

4 Beds 3 Baths 2,187 SqFt 0.170 Acres

$1,275,000 Closed

1333 Queens Road C3 Charlotte, North Carolina

3 Beds 3 Baths 2,554 SqFt

$320,000 Closed

13115 Greycrest Drive Charlotte, North Carolina

3 Beds 2 Baths 1,540 SqFt 0.250 Acres

Stunning new construction minutes from the university area. With high end finishes throughout, no HOA, and spacious .36 acre lot, you wont find this product often! Kitchen featuring soft close shaker cabinets, white quartz countertops, custom backsplash, large island, and new stainless steel appliances. Family room with high vaulted ceilings and gas fireplace. Large primary bedroom on main level with two walk in closets and beautiful bathroom featuring custom tile work, double vanity, free standing tub, and shower. Upstairs three additional bedrooms, one thats oversized and could be used as a bonus space. Also a two car garage, large fenced in yard, and covered back porch. This house checks all the boxes! Bring all offers, sure to go quickly.

$605,000 Closed

11356 Timber Ridge Road Charlotte, North Carolina

4 Beds 4 Baths 2,617 SqFt 0.360 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.

Exceptional new construction by Mills Eloge located in the heart of Myers Park — 2001 Queens Road West! This home is well-suited for entertaining —full of natural light & has an open floor plan leading to nesting doors that overlook a private patio and an outdoor fireplace. The kitchen has a large island with Wolf and Sub-Zero appliances. The living room has a wet bar with Sub-Zero beverage refrigerator and ice maker. Primary and guest suites are located on the main level. Upstairs features 3 bedrooms and a large bonus area. There is a perfectly located 2-bay side load garage with ample guest parking on Croydon Road. Located close to Uptown, Freedom Park, Park Road shopping center and many shops and restaurants on Selwyn Avenue.

$2,999,000 Active

2001 Queens Road W Charlotte, North Carolina

5 Beds 5 Baths 4,811 SqFt

Move Right in!! Modern loft style living in First Ward doesn't get much better than this. This unit owned and maintained by the original owners is located on the 7th floor and offers great views of the city. The open concept living has a large living space with walls of windows open to the dining room and kitchen. The primary bedroom features a reeded glass wall. The second bedroom makes a great office/bedroom. There is a large bath with double vanity and huge walk in closet .All appliances remain including the stack washer and dryer. Move right in!! Walking distance of 7th St. Station, Spectrum Center and Uptown. Great light for a condo with windows on two walls. Two deeded parking spots in parking deck. Amazon Lockers for secure package delivery. Two elevators for quick trips.

$495,000 Active

505 E 6th Street Charlotte, North Carolina

2 Beds 2 Baths 1,197 SqFt

Welcome Home! This spacious and stunning home in the desirable Highland Creek neighborhood is fresh on the market and won't last long! Inside the front door, a spacious foyer awaits with a large office, enclosed with French doors and a large formal dining room with a stunning chandelier. The heart of the home includes a large living room, huge eat-in kitchen with center island, granite countertops, and stainless appliances, and a convenient powder room complete the main floor. Upstairs, you will find five generous bedrooms with walk-in closets, a large guest bathroom and laundry area. Completing this upper level is the sprawling primary bedroom with its attached private bath, complete with separate tub and shower, as well as a massive walk-in closet. Do not miss this opportunity, it wont last!

$469,900 Active

10521 Dominion Village Drive Charlotte, North Carolina

5 Beds 3 Baths 2,774 SqFt 0.180 Acres

Welcome to your new gorgeous 2-story, 4-bedroom, 2.5 bath home with NO HOA!! All new flooring throughout, updated kitchen, fixtures, stainless steel appliances, and new granite countertops. Upstairs three spacious bedrooms along with a large bonus room (or 4th bedroom). Two car garage and driveway provides plenty of parking. This home also offers great access to Charlotte Douglas Airport, Whitewater Center, I-485, I-85 and I-77, Outlet Mall, or anyplace you need to go to in Charlotte. Don't miss this incredible opportunity!

$345,000 Active

1143 Long Paw Lane Charlotte, North Carolina

4 Beds 3 Baths 1,804 SqFt 0.340 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%