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.

Nestled in delightful Dilworth along a private street, this top floor condo offers a rare and compelling
opportunity. Surrounded by serene tree-lined streets, its prime position near the Light Rail, Uptown,
South End, and East Blvd ensures unmatched convenience and accessibility. Within a short stroll, a
myriad of dining establishments, grocery stores, shops, and entertainment venues await exploration.
Boasting 2 roomy bedrooms with large, walk in closets and 2 ensuite bathrooms, the spacious open plan interior of this residence exudes elegance with hardwood floors in the living area and a charming central fireplace. The kitchen has granite countertops, quality appliances and rich wood cabinets. Relax on the sunny balcony and enjoy a luxurious low-maintenance lifestyle! Moreover, the community amenities enhance the appeal, with a sizable pool and well-appointed clubhouse promising community connection, leisure and entertainment. Don’t delay, schedule a showing today!

$431,000 Closed

2209 Sumner Green Avenue H Charlotte, North Carolina

2 Beds 2 Baths 1,103 SqFt

$310,740 Closed

7117 North Mills Road Charlotte, North Carolina

3 Beds 3 Baths 1,429 SqFt 0.050 Acres

Welcome to the 4th Ward in the dynamic "uptown" of Charlotte! This spacious one bedroom condo has a bright, open floor plan which is perfect for entertaining. Located on the third floor, this unit is move in ready! Updates include HVAC 2022, hot water tank 2021, dishwasher 2022, W/D 2022, remodeled bathroom 2021, kitchen backsplash 2021, vinyl plank flooring 2020, and more. The Queen City is an amazing place to work and play and this condo is in the perfect location. Begin your day at a local coffee shop followed by an afternoon of museum hopping. Catch the light rail to the Market at 7th street where you can feast on an array of culinary options. End the evening viewing the city skyline on one of many rooftop bars. Come home and cozy up to your wood burning fireplace before settling in for the night. You are minutes to restaurants, bars, sports venues, museums and much more! Less than 20 mins to UNC Charlotte, Central Piedmont Community College, and Johnson and Wales.

$262,000 Closed

517 N Graham Street 3F Charlotte, North Carolina

1 Beds 1 Baths 727 SqFt

Introducing the newest single-family attached community of 13 homes, known as Galleria Townhomes, at the intersection of Sardis and Monroe Rd. Located in the Sardis Woods area of Charlotte, this private enclave has been transformed into a beautiful new neighborhood. The Charlotte/Matthews area is emerging as one of the more desirable areas for living and shopping with close proximity to South Charlotte, Downtown Matthews, with ideal access to US 74 and 485.

Photos are of decorated model.

$389,000 Closed

9111 Galleria Drive Charlotte, North Carolina

3 Beds 4 Baths 1,476 SqFt 0.026 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.

$389,000 Closed

9111 Galleria Drive Charlotte, North Carolina

3 Beds 4 Baths 1,476 SqFt 0.026 Acres

$431,000 Closed

2209 Sumner Green Avenue H Charlotte, North Carolina

2 Beds 2 Baths 1,103 SqFt

$310,740 Closed

7117 North Mills Road Charlotte, North Carolina

3 Beds 3 Baths 1,429 SqFt 0.050 Acres

If you are looking for space and location, you have found it! This special property boasts generously sized living and entertaining spaces, both indoors and outdoors. The charming front entrance gate welcomes you with a pathway surrounded with beautiful landscaping. The open den features a fireplace surrounded by lighted cabinetry. The lush garden area offers a serene escape, right in your own backyard. The large deck overlooking this space is an ideal spot for enjoying a morning coffee or hosting outdoor events. The primary bedroom suite features a unique bathroom layout with two separate areas, allowing for customization and convenience. A loft and two bedrooms upstairs allow for so many options for your personal lifestyle. Transform these spaces into a luxurious retreat by incorporating modern updates that reflect your personal style. This townhome offers the perfect balance of comfort, space, and potential. Don’t miss this unique opportunity to live in the heart of Ballantyne!

$600,000 Closed

8956 Challis Hill Lane Charlotte, North Carolina

3 Beds 3 Baths 3,118 SqFt 0.220 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.

Location, Location ... Lakeside living only few minutes from conveniences & i485. Come see this beautiful tri-level home with loft bedroom & good size bedrooms that boasts waterview "screen porch off primary bedroom that overlooks pond & stream". Main floor offers a large kitchen that opens to the living room w/ fireplace & balcony. This waterfront community features a private beach, ponds/ fountains, tennis courts, inground pool, nice clubhouse, private boat storage, & boat slips available to rent from the HOA @ $600 per year. Lake living at its best ! Please set up your private showing today !

$368,500 Active

14623 Waterside Drive Charlotte, North Carolina

3 Beds 3 Baths 1,686 SqFt

NOW SELLING! Emery, an enclave of 26 luxury paired townhomes (all are end units) situated in the desirable south Charlotte area between South Park and Ballantyne with direct access to I-485.

$666,610 Active

6020 Corbin Woods Court 10B Charlotte, North Carolina

3 Beds 3 Baths 2,390 SqFt 0.152 Acres

Charming ranch style home in well-established subdivision with NO HOA! Home has tons of potential and features 3-bedroom, 2-bathroom, open living room and dining area, large great room is adjacent to kitchen and perfect for entertaining. Close proximity to I-85, uptown CLT, YMCA, Parks, Shopping and Dining. Large level fenced rear yard with endless possibilities. Home needs cosmetic work and being sold “AS IS.”

$298,500 Active

716 Dedmon Drive Charlotte, North Carolina

3 Beds 2 Baths 1,488 SqFt 0.241 Acres

$626,935 Active

6024 Corbin Woods Court 10A Charlotte, North Carolina

3 Beds 3 Baths 2,173 SqFt 0.097 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%