Charlotte Real Estate September 2019

Charlotte Market Data Overall SEPTEMBER 2019

Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report

NEW LISTINGS	PENDING SALES	CLOSED SALES	STRONGEST PROPERTY TYPE
4,886	4,560	4,162	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$327,505	$300,175	$259,479	96.8%	39

September 2019 Overview

The housing market begins its annual cool down once the school year begins. Buyer and seller activity remains strong, powered by low mortgage rates and a strong economy. Market experts predict no significant changes from recent trends other than the seasonally pace we generally see this time of year. As we move towards the final of 2019, buyers will find fewer homes coming on the market, but also less competition for those homes.

New Listings were up in the Charlotte region by 12.1 percent to 4,886. Pending Sales increased 37.6 percent to 4,560. Inventory shrank 19.0 percent to 9,272 units. Prices continue to move higher as Median Sales Prices increased 10.4 percent to $259,479 and Months Supply of Homes for Sale is down 21.4 percent to 2.2 months supply.

Recent Single Family Home Sales in Charlotte NC

View the most recent single family homes sold in Charlotte, NC in the last 3 days.

Lot 91. New construction with 3 beds with Loft/2.5 bath located in Charlotte featuring Granite kitchen countertops w/subway tile backsplash, 36’ shaker kitchen cabinets w/molding, 9ft. ceilings, upgraded flooring, Raised height adult vanities, and Master with 5ft shower. Concord Mills Mall and Restaurants only minutes away! Pictures, photographs, colors, features, and sizes are for ILLUSTRATION PURPOSES ONLY and will vary from homes as built. There is no crown molding or chair rail in the dinning room for this property.

$249,760 Closed

7024 Branch Fork Road Charlotte, North Carolina

3 Beds 3 Baths 2,207 SqFt 0.186 Acres

Lot 94. New construction with 3 beds with Loft/2.5 bath located in Charlotte featuring Granite kitchen countertops w/subway tile backsplash, 36’ shaker kitchen cabinets w/molding, 9ft. ceilings, upgraded flooring, Raised height adult vanities, and Master with 5ft shower. Concord Mills Mall and Restaurants only minutes away! Pictures, photographs, colors, features, and sizes are for ILLUSTRATION PURPOSES ONLY and will vary from homes as built. There is no crown molding or chair rail in the dinning room for this property.

$247,410 Closed

7012 Branch Fork Road Charlotte, North Carolina

3 Beds 3 Baths 2,207 SqFt 0.186 Acres

$595,000 Closed

2621 Millie Lane Charlotte, North Carolina

4 Beds 4 Baths 2,462 SqFt 0.126 Acres

New Construction in NoDa!!! Come see what living in the Arts District is all about. Walking distance to local area restaurants, shops and the 36th Street Light Rail Station. These spacious modern style townhomes are spread out over three floors with 10' ceilings on the main level. French Doors off kitchen leading onto a spacious front porch, perfect for entertaining as well as a great lower level bedroom perfect for guests or a great home office. Short walk to nearby North Charlotte Neighborhood Park. Don't let these amazing townhomes get away! Price Listed includes upgrades. Buyer can personalize and add additional upgrades in our design center.

$417,180 Closed

4205 Spencer Towns Lane 15 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.029 Acres

Learn the TRUE Market value of your Home Now!

Charlotte August 2019 Market Overview SEPTEMBER 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	SEPTEMBER 2018	SEPTEMBER 2019	CHANGE
New Listings	4,359	4,886	+12.1%
Pending Sales	3,314	4,560	+ 37.6%
Closed Sales	3,844	4,162	+ 8.3%
Days on Market Until Sale	37	39	+ 5.4%
Average List Price	$313,725	$327,505	+ 4.4%
Average Sales Price	$280,960	$300,175	+ 6.8%
Median Sales Price	$235,000	$259,479	+ 10.4%

Strongest Properties by TYPE in the Charlotte Region SEPTEMBER 2019

Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview

KEY METRICS	SEPTEMBER 2019	CHANGE
Price Range with the Strongest Sales	$300,000 and above	+15.8%
Bedroom Count with Strongest Sales	3 Bedrooms	+ 6.1%
Property Types With Strongest Sales	Single Family	+ 6.2%

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.

$595,000 Closed

2621 Millie Lane Charlotte, North Carolina

4 Beds 4 Baths 2,462 SqFt 0.126 Acres

$417,180 Closed

4205 Spencer Towns Lane 15 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.029 Acres

Charming red brick ranch on a prime corner lot in hot Chantilly. This home has outstanding curb appeal sitting gently above street level behind an expansive front lawn. The rear of the property is shaded by a majestic oak, making the screened side porch all the more inviting. The interior of the home boasts hardwoods throughout the living areas and bedrooms and a tastefully updated kitchen featuring new cabinets, appliances, built-ins, and bronze sink. Preserve the cozy cottage feel by remodeling to your personal taste or build your dream home. Showings begin 10/4/19.

$325,000 Closed

2401 Kingsbury Drive Charlotte, North Carolina

2 Beds 1 Baths 805 SqFt 0.260 Acres

Beautiful New Construction! This gorgeous 1 1/2 style "French Country" elevation home with 2,634 sq. ft. features 4 bedrooms & 3 bathrooms with the owner's suite on the 1st floor with Bath Oasis. 2 additional bedrooms on the 1st floor and a loft with 4th bedroom and full bathroom on 2nd floor. Granite counter tops, SS appliance package and enhanced vinyl plank flooring. Move-in ready in November!

$332,274 Closed

7621 Meridale Forest Drive 113 Charlotte, North Carolina

4 Beds 3 Baths 2,634 SqFt 0.211 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.

$417,180 Closed

4205 Spencer Towns Lane 15 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.029 Acres

End Unit with fenced and paved private backyard. Master Bedroom on Main. Close to Shopping and Restaurants

$169,000 Closed

2233 Cigar Court Charlotte, North Carolina

3 Beds 2 Baths 1,400 SqFt

The condo is located with 10 miles of South Park, Carolina Place Mall, and I-485. This cozy unit features two bed rooms and two baths. The walk in closets are spacious. The living room features a fireplace that has been painted.

$154,900 Closed

9443 Vicksburg Park Court Charlotte, North Carolina

2 Beds 2 Baths 988 SqFt

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 SEPTEMBER 2019

Obtained from Housing Supply Overview

BY PRICE RANGE	SEPTEMBER 2018	SEPTEMBER 2019	CHANGE
$100,000 and Below	51	45	- 11.8%
$100,001 to $150,000	30	28	- 6.7%
$150,001 to $200,000	23	26	+ 13.0%
$200,001 to $300,000	36	39	+8.3%
$300,001 and Above	64	61	- 4.7%
ALL PRICE RANGES	43	44	+2.3%

Days on Market Until Sale by Bedroom Count SEPTEMBER 2019

Obtained from Housing Supply Overview

BY BEDROOM COUNT	SEPTEMBER 2018	SEPTEMBER 2019	CHANGE
2 Bedrooms or Less	37	36	- 2.7%
3 Bedrooms	34	37	+8.8%
4 Bedrooms or More	55	55	0.0%
ALL BEDROOM COUNTS	43	44	+2.3%

Days on Market Until Sale by Property Type SEPTEMBER 2019

Obtained from Housing Supply Overview

BY PROPERTY TYPE	SEPTEMBER 2018	SEPTEMBER 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.

$436,840 Active

3306 Spencer Street 27 Charlotte, North Carolina

3 Beds 4 Baths 2,041 SqFt 0.030 Acres

Beautiful Ranch Home on .3 acre Corner Lot! Welcome Home to this spacious 3 bedroom 2 full bath with lots of upgrades. Soft close drawers and cabinets with granite counters in kitchen and baths as well as new lighting and custom tile work. New ceiling fans throughout and all appliances are only 2yrs old. New Laminate flooring in Living and Dining areas and custom blinds throughout. Enjoy the wood-burning fireplace on cold winter nights and the large sunroom on those hot summer days. This home has so much to offer and is ready for you! Photos Coming Soon!

$200,000 Active

6212 Swift Arrow Lane Charlotte, North Carolina

3 Beds 2 Baths 1,620 SqFt 0.300 Acres

$189,900 Active

10461 Rocky Ford Club Road Charlotte, North Carolina

2 Beds 3 Baths 1,062 SqFt

Warm and inviting home with 4 bedrooms and two and a half bathrooms. Large open kitchen with granite countertops with an island in the middle and tiled floors with new stainless steel kitchen appliances. Entering you notice the gleaming laminated floors with spacious formal dining room and guest room. Home office on the first floor with privacy doors. Great family room with cozy fireplace and vaulted ceilings. Upstairs features a master bedroom with a spacious master bathroom with a garden bathtub and a separate shower. A large patio in the back for your all gatherings completes this home. Enjoy the community pool this gem is just blocks away to Starbucks, Trader Joes, Shopping, Restaurants. With Light Rail & UNCC in blocks this is definitely a gem you don't want to miss on!

$285,000 Active

1815 Arbor Vista Drive 116 Charlotte, North Carolina

4 Beds 3 Baths 2,411 SqFt 0.170 Acres

View ALL New Listings in Charlotte, NC

Percent of Original List Price Received SEPTEMBER 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	SEPTEMBER 2018	SEPTEMBER 2019	CHANGE
$100,000 and Below	91.7%	90.4%	- 1.4%
$100,001 to $150,000	97.8%	97.1%	- 0.7%
$150,001 to $200,000	98.2%	97.6%	- 0.6%
$200,000 to $300,000	97.6%	97.2%	- 0.4%
$300,000 and Above	96.7%	96.6%	- 0.1%
ALL PRICE RANGES	97.0%	96.6%	- 0.4%
BY BEDROOM COUNT
2 Bedrooms or Less	96.0%	95.6%	-0.4%
3 Bedrooms	97.5%	97.1%	- 0.4%
4 Bedrooms or More	96.7%	96.5%	- 0.2%
ALL BEDROOM COUNTS	97.0%	96.6%	- 0.4%
BY PROPERTY TYPE
Single Family	96.8%	96.4%	- 0.4%
Condos & Townhomes	98.3%	97.8%	- 0.5%