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.

Welcome to this tastefully updated and upgraded Steele Creek ranch with too many features to list! Just a quarter mile from Rivergate and Steelecroft, all of your shopping needs are immediately taken care of-- if you ever care to leave this awesome home. With elegant cherry hardwoods, beautiful built-ins, abundant natural light, an updated kitchen and baths, a tray ceiling in the dining room and a vaulted one in the primary bedroom, complete with his-and-her sinks and a walk-in closet, why go anywhere? The backyard is a private retreat, with stacked stone pavers leading to a fire pit, backing to quiet woods. All with the community feel of Asheford Woods, where homes rarely hit the market!

$389,900 Closed

13106 Asheford Woods Lane Charlotte, North Carolina

3 Beds 2 Baths 1,637 SqFt 0.240 Acres

Lovely light-filled penthouse level end unit at perfectly-located Piedmont Row has one of the best spots in the complex if you are seeking privacy and easy access to the pool amenity deck. Lightly used, one-owner flat includes a cozy living area adjacent to the well-appointed kitchen with s/s appliances, under-cabinet lighting, granite countertops, a large eat-in island and plenty of cabinets for storage. The primary bedroom includes a walk-in closet and juliet balcony; the en suite bathroom has a linen closet, walk-in shower and the laundry closet. No carpet in the unit--floors are engineered wood or tile. Sellers would like to include all furnishings in the sale. Piedmont Row has an on-site fitness club, dry cleaner, hair and nail salons and fabulous restaurants including Leo's, Peppervine, Mal Pan, Bentley's, Del Frisco's and Tous les Jours, with more to come!

$280,000 Closed

4620 Piedmont Row Drive 701 Charlotte, North Carolina

1 Beds 1 Baths 719 SqFt

This home has much potential and priced accordingly. The homes HVAC is not working. Seller is willing to work with buyer on replacement if needed with the correct offer to purchase.

$205,000 Closed

3214 Cedarhurst Drive Charlotte, North Carolina

3 Beds 2 Baths 1,170 SqFt 0.280 Acres

Updated 4 bedroom ranch in Sherwood Forest with fenced yard and awesome outdoor living space including large paver patio w/ sitting area and firepit. Hardwood floors throughout except in bedrooms and baths. Mud room/Laundry off kitchen leads to large, sideload and covered carport w/ storage room. Kitchen opens to family room and features white cabinets, stainless steel appliances, island and backsplash. Large paver patio with seating area, outdoor dining area and firepit! Great location near Cotswold Shops and Restaurants and short drive to Uptown. Well maintained front and back yards.

$710,000 Closed

5127 Charmapeg Avenue Charlotte, North Carolina

4 Beds 2 Baths 2,120 SqFt 0.390 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.

$389,900 Closed

13106 Asheford Woods Lane Charlotte, North Carolina

3 Beds 2 Baths 1,637 SqFt 0.240 Acres

$710,000 Closed

5127 Charmapeg Avenue Charlotte, North Carolina

4 Beds 2 Baths 2,120 SqFt 0.390 Acres

Charming two story end unit townhome in sought after Park South Station. This home features an open floor plan down stairs with an open kitchen, living room, and dining area. Private deck that backs up to the woods and green space. The upstairs boast the primary suite, ensuite bathroom with walk-in shower, dual vanities, and large closet. There are two additional bedrooms upstairs along with a hall bath and laundry room.

$410,000 Closed

4230 Park South Station Boulevard Charlotte, North Carolina

3 Beds 3 Baths 1,628 SqFt 0.060 Acres

Don’t miss this charming move-in ready home in the heart of Myers Park! An updated kitchen with a Viking gas cooktop and stainless steel appliances opens to the den and dining room. Huge walk-in pantry! You will love the half-bath and elegant and spacious primary bathroom, both recently renovated. Primary suite has an oversized closet with custom built-ins. Moldings and hardwoods throughout. Beautiful wall of french doors in den leads to an attractive covered patio overlooking a private fenced-in backyard with mature landscaping. Irrigation system and climate-controlled crawl space. HVAC and roof both installed in 2017. Fabulous location! Walk to many restaurants and shopping areas.

$1,050,000 Closed

2650 Hampton Avenue Charlotte, North Carolina

3 Beds 3 Baths 1,938 SqFt 0.200 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.

Remodeled 3BR/2BA - 2,172' W/Full Unfinished Basement on Large 1.1 Acre Corner Lot w/Landscape Berm for Privacy on Road Frontage in Riverview Acres. No HOA. Home Features: Split Floor Plan, Primary Bedroom w/2 Walk-In Closets, Dual Vanity, Separate Shower and Garden Tub, Large 11'x12' Dining Room, 10'x12' Home Office, Entrance Foyer, 8'x6' Laundry Room, Double Car Garage and 17'x24' Living Room. Full 2,098' Unfinished Basement, Inside and Outside Entrance w/Must See Built In Fold Up Paint Can Bed, Full Bath and Large Open 60'x18' Room. Home is move in ready and Less than 18 minutes from Uptown, 5 minutes from Mountain Island lake and 15 minutes away from Lake Norman! Many new developments and restaurants have been built recently! Near all the major highways I-485 and I-77 are very close!

$425,000 Active

6907 Mt Holly Huntersville Road Charlotte, North Carolina

3 Beds 2 Baths 2,172 SqFt 1.130 Acres

Move in and relax! That's all you need to do in this gorgeous 2 bed condo! Quail Hollow Estates has so much to offer; newly renovated swimming pools, clubhouse, ponds, tennis courts, walking distance to Starbucks, Harris Teeter, restaurants, and greenway. Plus the HOA covers it all; your lawn maintenance, water, and all amenities! This completely renovated condo puts you just minutes to South Park or the Pineville area for optimal shopping dining and activities. Enjoy the cool fall on your cozy screened-in back patio. Spacious bedrooms and living area with luxury vinyl plank floors are ready for you to relax, entertain and enjoy! Book your showing now before this one is gone!

$220,000 Active

7020 Quail Hill Road Charlotte, North Carolina

2 Beds 3 Baths 1,214 SqFt

Like-new 3 Bedroom, 2.5 Bath End-Unit townhome! This gorgeous townhome is minutes from Uptown Charlotte and quick access to both I-85 and I-77! Lower level has a finished flex room with extra large closet, garage, and walk out access to the backyard patio. The main level features a huge open great room, kitchen with stainless appliances and island, spacious breakfast area, and a half bath. The upper level has a large primary bedroom with ensuite bath and walk-in closet. There are two additional bedrooms, full bath, and laundry conveniently located on the upper level. This quaint community features a playground, two ponds, and sidewalks. Don't miss out on this fantastic end-unit townhome that was built in 2021!

$300,000 Active

6030 Cutwater Circle Charlotte, North Carolina

3 Beds 3 Baths 1,588 SqFt 0.040 Acres

$265,000 Active

5917 Misty Way Lane Charlotte, North Carolina

2 Beds 2 Baths 1,037 SqFt 0.200 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%