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.

Feel right at home in this ONE OWNER charming 2-story freshly painted home in Kingsbridge, in the highly sought-after Steele Creek community! GREAT LOCATION! Beautiful home located near Rivergate shopping, Interstate, & Carowinds/ SC BORDER. One of the few homes in Kingsbridge with dual owners suites. Exterior was pressured washed in fall of 2020 w/ quarterly pest control service. The ONLY home in Kingsbridge w/ Luxury FireRock Arched Masonry Outdoor Wood Burning Fireplace! As you enter the home you are welcomed by gleaming hardwood floors that lead through the open, 2-story foyer. Real hardwoods in living room were installed in 2017. Kitchen features granite countertops with an eat in bar and tons of counter space. Large great room off the kitchen for entertaining. Beautiful large dining room at front of home. Owners suites w/ tray ceiling, spacious walk-in closet, large shower, dual vanities. Seller is asking for ALL offers to be submitted by 6 pm on Sunday April 18th.

$394,900 Closed

9620 Loughlin Lane Charlotte, North Carolina

5 Beds 4 Baths 2,989 SqFt 0.200 Acres

Showing starts at 1:00 PM 4/25/2021
This townhome locates at South Coure of Raintree Country Club Golf Course, enjoy the view of the golf course from the back deck. Open floor plan, fireplace and covered front porch. Newly painted wall and cabinets, new thermostat (to be installed), new LVP flooring in kitchen area.
Upstairs feature includes 2 bedroom suits, laundry room.
Home to be sold as it is.

$215,900 Closed

8149 Circle Tree Lane Charlotte, North Carolina

2 Beds 3 Baths 1,112 SqFt

This move in ready 2 bedroom 2 1/2 bathroom townhome in the Villages of Avonlea is ready for new owners! Great semi open floorplan layout with a large living area and peek through kitchen setup. 1/2 bath downstairs for guests. 2 bedrooms upstairs, each with their own full bathroom. Freshly painted throughout. Enclosed back patio for added privacy and a storage closet. Appliances replaced with new stainless in 2019. AC unit less than 2 years old. Very convenient location close to groceries, shopping, restaurants, and interstates.

$169,900 Closed

8242 Chaceview Court Charlotte, North Carolina

2 Beds 3 Baths 1,044 SqFt

Welcome to your NextHome! Your buyers will enjoy this lovely home with covered front porch. This home boasts 3 FULL baths and a half bath. Master and guest suite both have full bathrooms. Floor plan is open for all living areas, living room/dining area/kitchen. Laundry is situated downstairs. The back yard is huge one of the biggest in the neighborhood. Upgrades include...2017 New Furnace and HVAC. New LVP flooring on main living area 2020. Recessed lighting in kitchen upgraded in 2020 as well as new appliances. New sliding door, front door, shed and fence also added. This home won't last long. Book your buyers showing today.

$265,000 Closed

7803 Rabbits Foot Lane Charlotte, North Carolina

4 Beds 4 Baths 1,701 SqFt 0.350 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.

Full of CHARM and within strolling distance to all Plaza Midwood has to offer! First on the list, this place has a knockout kitchen with custom cabinetry, farmhouse sink, 36-inch gas range & pot filler, wall oven & warming drawer, and a stainless steel island. Off the kitchen, there's a dining area and a nook with a built-in desk/shelving and the perfect place for your pup (has an opening that fits a kennel). Spacious renovated bath with extra cabinetry. The owners' bedroom has a massive walk-in closet with desk/workshop area (could be a great vanity). 2nd bedroom with custom barn doors. The laundry/drop zone also has cabinets, and opens to the fully fenced backyard with storage building and raised garden beds. Relax on your front porch overlooking lovely Commonwealth Avenue. Welcome home!

$449,000 Closed

2509 Commonwealth Avenue Charlotte, North Carolina

2 Beds 1 Baths 1,335 SqFt 0.177 Acres

This Charlotte two-story home offers a loft, and a two-car garage.
This home has been virtually staged to illustrate its potential.

$320,000 Closed

6607 Fawn View Drive Charlotte, North Carolina

3 Beds 3 Baths 2,724 SqFt 0.210 Acres

$394,900 Closed

9620 Loughlin Lane Charlotte, North Carolina

5 Beds 4 Baths 2,989 SqFt 0.200 Acres

Beautiful brick accented home, with fenced yard. Formal dining room, office, and kitchen (with granite countertops) opens to breakfast area & family room. Spacious laundry/mud room. Large bonus room can be used as the 4th bedroom. Wood look laminate flooring on the main level, new carpet upstairs, new vinyl flooring in kitchen & baths. Prime Cul-de-sac location within walking distance of the pool/playground/tennis courts. This one won't last long!

$340,000 Closed

10208 Fairbourne Court Charlotte, North Carolina

4 Beds 3 Baths 2,508 SqFt 0.296 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.

Spacious end unit in sought-after gated community of Avalon at Mallard Creek. Rare 2.5 Story open concept with garage and plenty of parking for guests. Hardwood flooring in entry, kitchen and dining areas. Second level features a Main bedroom with en-suite including double vanities, plus two closets for extra storage or more shoes!!! Two additional bedrooms and large bath up. Washer, dryer, refrigerator , and window treatments included, all you have to do is move in. Community has outdoor pool for your enjoyment.

$219,000 Active

6525 Soapstone Drive Charlotte, North Carolina

3 Beds 3 Baths 1,328 SqFt

Great 3 bedroom, 2 bath ranch home located in fast growing 28216 zip code. Just miles from Uptown Charlotte, CLT airport and the Whitewater Center. This home features new luxury vinyl plank flooring in the living areas and luxury vinyl tile in the kitchen, laundry and bathrooms. New windows and exterior doors. Fresh paint throughout. New roof and concrete driveway in 2021. New kitchen cabinets, quartz countertops and stainless appliances.

$225,000 Active

1928 Haines Street Charlotte, North Carolina

3 Beds 2 Baths 1,080 SqFt 0.100 Acres

This special home makes you feel like you are on vacation every day. The kitchen and family room's plate glass walls overlook an outdoor oasis that include a private pool, putting green complete with an in ground water fountain, covered and uncovered living, and a custom pool bathroom all in desirable Eastover. A center courtyard can be viewed and accessed from every room downstairs. Brick floors throughout the first floor, vaulted ceiling in the family room, renovated kitchen and baths. One bedroom suite on the first floor, 2 bedroom suites and a gathering/bonus room on the second floor, and a 4th bedroom and bath on the third floor. Walk in wine cellar. Remarkable landscaping surround the home and lead you through walkways to all of the hidden and unhidden nooks. Showings begin Tuesday May 11 9am.

$1,995,000 Active

125 Huntley Place Charlotte, North Carolina

4 Beds 5 Baths 3,840 SqFt 0.210 Acres

LOOK NO FURTHER ... This beautifully maintained 3 bedroom, 2 bathroom home sits on .33 acres with mature landscaping. This home is located in a very convenient location and is accessible to all areas of Greater Charlotte. This one will not last long! Calling for your BEST OFFERS by 5/17 at 1:00 pm.

$257,900 Active

4426 Stonefield Drive Charlotte, North Carolina

3 Beds 2 Baths 1,433 SqFt 0.330 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%