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.

Entered in MLS for comp sale purposes. Built in 2018 by Westwood Custom Homes, this gorgeous Myers Park home is located on the greenway, walkable to both Park Road Shopping Center and Freedom Park. This home features open-concept living with upgrades and storage galore! The first floor offers a guest suite with the primary bedroom on the upper floor with an enormous walk in shower and his/her walk in closets. Third floor bonus room/office with 1/2 bath. With plenty of outdoor living space between the wrap around front porch and covered back porch with a fireplace, this home is perfect for relaxing or entertaining both indoors and outdoors!

$1,625,000 Closed

365 Tranquil Avenue Charlotte, North Carolina

5 Beds 5 Baths 3,633 SqFt 0.173 Acres

Tucked away in a peaceful cul-de-sac in the sought-after Oakwold neighborhood, this home offers a perfect balance of modern comfort and relaxed living. Step inside to discover nearly 2,000 square feet of versatile living space designed for how you live today. The open main level features the updated kitchen is a true highlight—stylish, functional, and full of potential for your next culinary adventure. Upstairs, the primary suite is your own private retreat. You’ll love the modern, spa-inspired bathroom and the dual walk-in closets—plenty of space for both his and hers. Two additional bedrooms and full baths mean everyone has space to stretch out and enjoy a little privacy, too. The tri-level layout brings flexibility to your lifestyle, whether you need a cozy den, home office, or a guest space that actually feels like home. You're just minutes from parks, shopping, dining, and everything else that makes this area so desirable.

$600,000 Closed

917 Bobby Lane Charlotte, North Carolina

3 Beds 3 Baths 2,072 SqFt 0.299 Acres

Updated full brick home with 3 car garage on wooded lot in a cul-de-sac.

$1,075,000 Closed

6732 Springs Mill Road Charlotte, North Carolina

1 Baths 3,896 SqFt 0.42 Acres

Location, Location, Location! This is a charming home on a cul-de-sac in the South Charlotte-Ballantyne area. Discover the perfect blend of comfort and convenience in this beautifully kept home located in the sought-after Southampton community. Just minutes from top-rated schools, restaurants and retail. Home has been recently updated with fresh paint, stainless steel appliances, custom tile shower in primary bath and flooring. Main floor features include a bright, open floor plan with a cozy fireplace in the living room and large dining area. Kitchen has an abundance of counter and cabinet space with granite counters, title backsplash and SS appliances. Upstairs you will find your primary bedroom with vaulted ceiling and private en-suite. 2 more bedrooms and full bath complete the floor. Large paver patio with pergola provides a perfect space for enjoying in the spacious, fenced in backyard. The community has a pool and splash area, playground, basketball court, and a clubhouse.

$460,000 Closed

9107 Royal Highlands Court Charlotte, North Carolina

3 Beds 3 Baths 1,654 SqFt 0.18 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.

$1,625,000 Closed

365 Tranquil Avenue Charlotte, North Carolina

5 Beds 5 Baths 3,633 SqFt 0.173 Acres

$600,000 Closed

917 Bobby Lane Charlotte, North Carolina

3 Beds 3 Baths 2,072 SqFt 0.299 Acres

$1,075,000 Closed

6732 Springs Mill Road Charlotte, North Carolina

1 Baths 3,896 SqFt 0.42 Acres

$460,000 Closed

9107 Royal Highlands Court Charlotte, North Carolina

3 Beds 3 Baths 1,654 SqFt 0.18 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.

Discover this like-new ranch home on a coveted corner lot! Featuring an open and airy floor plan, this 3-bedroom + den/office (stylish custom built ins) + private study (potential 4th bedroom) offers versatile living spaces designed for comfort and functionality. The chef’s dream kitchen is a showstopper, boasting an oversized island and quartz countertops. Enjoy abundant natural light in the sunroom, which opens to a spacious fenced backyard with a large patio—ideal for relaxing or hosting gatherings. Incredible community features under way include a cabana, outdoor pool, and playground. Today, enjoy lush green spaces, walking trails, ponds, and a dog park. Easy access to parks like McDowell Nature Preserve on the banks of Lake Wylie, make this location ideal. Plus, you are minutes away to so many great shopping, dining and recreation spots in Steele Creek. Easy access to major thoroughfares like I-485 and I-77 for commuting and travel. Come see why this home should be yours!

$649,900 Active

11031 Larkslea Lane Charlotte, North Carolina

3 Beds 3 Baths 2,689 SqFt 0.21 Acres

This delightful 1-bedroom, 1-bathroom ground-level condo boasts a thoughtful layout, ideal for both comfortable living and an investment opportunity. The spacious living area features tile flooring throughout and a cozy fireplace. The kitchen overlooks the dining and living spaces, creating an open, inviting atmosphere. The generous bedroom includes an en-suite bath and a large closet for plenty of storage. Enjoy a private back patio with additional storage space. Carmel Village offers a prime location just south of Hwy 51 and north of Ballantyne, with quick access to a variety of amenities and easy routes to Pineville, Charlotte Douglas Airport, Uptown, and all that South Charlotte has to offer.

$155,000 Active

11069 Running Ridge Road Charlotte, North Carolina

1 Beds 1 Baths 738 SqFt

This stunning 5-bedroom, 4-bathroom residence offers the perfect blend of comfort and style. Step inside to discover a thoughtfully designed floor plan with plenty of space for living and entertaining. The main level features a bright and spacious guest bedroom with a full bathroom, ideal for hosting visitors or providing privacy for family members. The expansive kitchen boasts elegant quartz countertops, upgraded stainless-steel appliances, and ample storage for all your culinary needs. Enjoy casual meals at the countertop or host formal dinners in the dining room. Retreat to the screened patio, your own private oasis where you can relax and unwind while enjoying the outdoors with no pesky bugs. Upstairs, find generously sized bedrooms and a luxurious owner’s suite with a spa-like bathroom. This home truly has it all, with thoughtful touches throughout that are sure to impress.

$549,000 Active

6514 Alanbrook Road Charlotte, North Carolina

5 Beds 4 Baths 3,608 SqFt 0.17 Acres

Welcome to this sophisticated new construction home in the heart of Charlotte. This prime location is near all the amenities of South End while still offering a spacious home in sought after Dilworth. This 6137 sq ft home has incredible flexibility for the modern buyer. The main floor has a large primary suite w/ a custom closet, soaking tub & private laundry room. The airy great room/kitchen/breakfast area create a space perfect for hosting large gatherings or staying in by the fire. There is a scullery w/ beverage fridge, second sink & plenty of custom kitchen cabinets. The living area opens into a screened porch with a view of the deep and lush fenced in back yard. Upstairs you will find 3 secondary beds, 2 baths, full laundry room, huge bonus room w/ fireplace, a loft area & an office! The basement floor has a private guest suite, flex space, 2nd family room & home movie theater! Beautiful white oak flooring, custom cabinetry throughout the home and a 3 car garage. It's a must see!

$3,169,000 Active

408 Ideal Way Charlotte, North Carolina

5 Beds 5 Baths 6,137 SqFt 0.29 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%