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.

This two-story floor plan features an open-concept layout. The home boasts four bedrooms and two and
a half bathrooms including a stunning private master suite with a large walk-in closet. The covered front
porch gives this home great curb appeal while the private back yard provides a perfect outdoor space to
sit and relax in the evenings. With granite countertops, wood cabinetry with crown molding and
recessed lighting, the kitchen is the stunning centerpiece of the home.

$378,000 Closed

3019 Crescent Lake Lane Charlotte, North Carolina

4 Beds 3 Baths 1,800 SqFt 0.200 Acres

OFFERS DUE AT 1PM ON 11/5. Welcome to your dream home in the heart of South Park! This stunning 3 bedroom end unit epitomizes style and sophistication. Nestled in the sought-after South Hill community, this gem features carefully curated selections through the owner’s recent renovations, cafe appliances throughout the kitchen adorned by quartz and new cabinetry. The kitchen, opens to the living room with soaring ceilings and flooded with natural light. From there, enjoy your private patio or primary suite, either a retreat from everyday life. Venture upstairs to discover two spacious bedrooms, a versatile loft space, and a finished flex area that can be used as a gym, storage or both! Whether you need a home office, playroom, or additional guest bedroom, this bonus space offers endless possibilities! Community pool, pet stations and an abundance of guest parking, welcome to South Park!

$635,000 Closed

3436 Stettler View Road Charlotte, North Carolina

4 Beds 3 Baths 1,983 SqFt

Enjoy living on a Cul de Sac with a 1/2 Acre lot. This home is beautiful inside and out. It has a nice open floor plan with many windows for a bright feel. The kitchen is open to the living room, featuring SS appliances, a large island, and a dining area. On your way towards the bedrooms, you'll find an additional sitting area with plenty of natural light. All 3 bedrooms are a good size, and the master features his and her closets. Heading back, you'll find a large fenced yard, a great patio, a fire pit, a shed, and a fully enclosed vegetable garden. There are several entrances to the McAlpine Creek Greenway within the neighborhood. See it as soon as possible! This one won't last long! New furnace 2019. New Windows 2015. New water heater 2016. New electrical box 2022.

$455,500 Closed

9611 Lone Oak Court Charlotte, North Carolina

3 Beds 2 Baths 1,531 SqFt 0.550 Acres

$280,000 Closed

17121 Red Feather Drive Charlotte, North Carolina

3 Beds 2 Baths 1,124 SqFt

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.

$455,500 Closed

9611 Lone Oak Court Charlotte, North Carolina

3 Beds 2 Baths 1,531 SqFt 0.550 Acres

$378,000 Closed

3019 Crescent Lake Lane Charlotte, North Carolina

4 Beds 3 Baths 1,800 SqFt 0.200 Acres

$635,000 Closed

3436 Stettler View Road Charlotte, North Carolina

4 Beds 3 Baths 1,983 SqFt

$670,000 Closed

420 Allendale Place Charlotte, North Carolina

3 Beds 2 Baths 1,806 SqFt 0.530 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 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.

Welcome home! Only about 15 minutes from uptown and just over five minutes from NoDa! This home has been thoughtfully updated throughout. When you arrive, you will appreciate the established neighborhood and ample parking. This beautiful two-story home sits on over quarter of an acre. Stepping inside from the front porch, the open floor plan allows sight lines to the kitchen, living, dining and den. The soft color palette is contrasted with the brick fireplace with stained red oak mantle. The kitchen features gorgeous countertops, cabinets in new stainless steel appliances, including a refrigerator. Enjoy breakfast around the centrally located island or dinner with the extended family in the large dining area. Upstairs, you will find three bedrooms and two full baths. Enjoy the serenity in your primary suite, including custom touches. This home offers quality throughout, including a new roof, updated electrical and plumbing. HVAC was just replaced in 2021.

$379,900 Active

5406 Barrington Drive Charlotte, North Carolina

3 Beds 3 Baths 1,922 SqFt 0.260 Acres

Welcome to this charming home with a cozy fireplace, lending warmth during chilly evenings. The interior showcases a pleasing natural color palette, creating an inviting ambiance throughout. This versatile property offers additional rooms, perfect for flexible living space to suit your needs. The primary bathroom features a separate tub and shower, along with double sinks for added convenience. With good under sink storage, staying organized is a breeze. Step outside to a fenced backyard and relax in the covered sitting area, perfect for outdoor entertainment. With fresh interior paint and partial flooring replacement, this home is move-in ready. Don't miss this wonderful opportunity to own such a delightful property.

$605,000 Active

8906 Valewood Court Charlotte, North Carolina

4 Beds 3 Baths 2,404 SqFt 0.386 Acres

Welcome to this stunning property that offers a serene and inviting atmosphere through its use of a natural color palette. The kitchen boasts a nice backsplash, adding a touch of elegance to the heart of the home. With other rooms that can be utilized for flexible living space, this property provides endless possibilities to cater to your unique needs. The primary bathroom features double sinks, perfect for those busy mornings, and offers good under sink storage, ensuring ample space for toiletries. Don't miss out on this exceptional opportunity to own a home that combines style, functionality, and storage solutions. Come and experience the true potential of this property.

$280,000 Active

12413 Mcgrath Drive Charlotte, North Carolina

2 Beds 3 Baths 1,208 SqFt

Discover the best of urban living in this charming end-unit townhome nestled in popular City Park. Enjoy a stroll to community restaurants or unleash your adventurous spirit at Renaissance Park, right next door, boasting a myriad of exciting activities. The open floorplan with hardwood flooring creates a spacious & inviting living area. The well-appointed kitchen features an island, granite countertops, stainless appliances, & tile backsplash, seamlessly adjoining the generously sized dining area. Hardwood stairs lead you upstairs where the primary suite awaits with a walk-in closet, double sinks, & a large walk-in tiled shower. Two additional bedrooms & laundry room complete the upper level. Step outside to your private patio and detached garage. This townhome effortlessly combines modern amenities, convenience, & a prime location, offering easy access to both dining hotspots & outdoor recreation spaces. Experience the perfect blend of style & functionality in this City Park gem.

$369,000 Active

3007 Potomac River Parkway Charlotte, North Carolina

3 Beds 3 Baths 1,608 SqFt 0.081 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%