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.

If you are looking for a fantastic home in the sought after neighborhood of Highland Creek that leaves some room to put your updates on then look no further. Highland Creek is well known for its convenience to major highways and tons of new and close by shopping that has been added as well as the multiple pools and lovely amenities that are right within the neighborhood! This home has a great floorplan for entertaining downstairs and having your privacy and bedrooms upstairs. When you walk into the home it feels grand with tall ceilings all the way to the second floor and an open layout that allows quick access to all of the downstairs spaces which includes a living room, a formal dining room, a large, open, eat in kitchen and a secondary living space with a cozy fireplace. The back deck would be great for hosting a get together in the oasis of the large backyard. Make sure to come by and take a look at this spectacular home waiting for you to make it your own.

$337,500 Closed

6001 Elm Cove Lane Charlotte, North Carolina

3 Beds 3 Baths 2,119 SqFt 0.200 Acres

Corner lot ranch with split open floor plan! No HOA and close to 485.
Home needs new carpet, a fresh coat of paint and it's move in ready!

$250,000 Closed

7218 Kavan Hunter Drive Charlotte, North Carolina

3 Beds 2 Baths 1,360 SqFt 0.190 Acres

Charming 3 bedroom ranch in the Belmont area in Charlotte! Great investment opportunity with beautiful new construction homes being built and selling over 700K! Great location and Just minutes from Uptown Charlotte!

$294,000 Closed

1016 Belmont Avenue Charlotte, North Carolina

3 Beds 2 Baths 1,030 SqFt 0.150 Acres

You will fall in love with this spacious home in the highly desired Catawba River Plantation neighborhood!! With a little love, you can transform this well maintained home into your dream home! This wonderful two story home has features a nice size dining room perfect for eloquent meals or you can transform it into your work from home office space! Enjoy open living concept as the large kitchen flows into the living room with a cozy fire place. Upstairs hosts a master suite with vaulted ceiling master bath with separate garden tub and shower. 2 additional spacious bedrooms, tons of closets for linen and storage, a generous sized laundry room and the perfect loft completes this home. This community is convenient to restaurants, the White Water Center, the interstate, Mount Holly and minutes from downtown!

$297,400 Closed

1124 Chalk Hill Lane Charlotte, North Carolina

3 Beds 3 Baths 2,312 SqFt 0.242 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.

$337,500 Closed

6001 Elm Cove Lane Charlotte, North Carolina

3 Beds 3 Baths 2,119 SqFt 0.200 Acres

$294,000 Closed

1016 Belmont Avenue Charlotte, North Carolina

3 Beds 2 Baths 1,030 SqFt 0.150 Acres

Bursting with charm and nestled along one of the Historic District of Dilworth’s most desired streets, this is a character-filled property that's simply too good to miss. Gorgeous original details are on show throughout the light-filled layout. A striking curb appeal welcomes you to the property while inside, you will marvel at the stunning hardwood flooring, crown molding and cozy brick fireplace with gas logs. Modern updates ensure comfort from plantation shutters to recessed lighting, a serene color palette and an open-plan layout that allows for a seamless flow and a sunny interior. There are four bedrooms and three full baths, including a first-floor owner’s suite with a sitting room and ensuite. Outside enjoy a large deck overlooking the yard with a 2-car detached garage. Those seeking convenience will be delighted by this home’s walkability. All the restaurants and shops of Dilworth as well as uptown Charlotte are only moments away.

$870,000 Closed

2114 Sarah Marks Avenue Charlotte, North Carolina

4 Beds 3 Baths 2,049 SqFt 0.144 Acres

Beautiful ranch home w/ finished basement featuring 4 bedrooms and 3 full baths. Fully updated kitchen with professional SS appliances. Professional sump system installed in basement by DryPro. HVAC system 2019, architectural roof 2010, mini-spilt Mitsubishi HVAC system in den 2016, 4-car fully functional garage/workshop in basement level with 1865 sq ft. Aluminum fenced installed in 2016. Solar paneling system installed w/ power bank. Unfinished walk-up attic could be finished to additional living space.

$575,000 Closed

7110 Benita Drive Charlotte, North Carolina

4 Beds 3 Baths 3,376 SqFt 0.850 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.

3 bedroom 1.5 bath one-story home w/ fenced backyard. The roof is approx. 4 years old and the HVAC appears to be in good shape as well(a/c & gas heat pack unit). Wood floors in the family/front room, hall, & all 3 bedrooms. Large eat-in kitchen has luxury vinyl tile floors, and updated countertops & white cabinets. Laundry is located in the utility room which is connected to the covered back porch. Home is convenient to shopping & Hwy 85. Home is about 5 miles to downtown Charlotte, & approx. 7 miles to Charlotte Douglas Airport.

$195,000 Active

109 N Ramsey Street Charlotte, North Carolina

3 Beds 2 Baths 1,216 SqFt 0.250 Acres

Welcome home to this charming, well maintained 3 bed w/loft. The kitchen features dark wood cabinets, pantry and a large breakfast bar perfect for morning coffee and snacks. Bright, open living room looks into treed backyard. Large primary suite includes vaulted ceiling and primary bath with dual vanity, garden tub and walk in closet. Second bedroom features tons of custom shelving and is currently being used as oversized closet/dressing area. Large loft is the perfect space for an office, playroom or workout area. This home is move in ready and just needs the buyer's individual touches to make it their own! Don't miss this opportunity to have a new home right in time for the new year!

$350,000 Active

2515 Richard Rozzelle Drive Charlotte, North Carolina

3 Beds 3 Baths 1,804 SqFt 0.110 Acres

Well kept home in the popular Coventry community. Eat in kitchen, stainless steel appliances. Laundry room upstairs. Private fenced in yard.

$379,000 Active

14326 Riding Hill Avenue Charlotte, North Carolina

4 Beds 3 Baths 2,132 SqFt 0.220 Acres

Beautiful, larger size 2 BR, 2 Bath end unit condo with hard to find office/flex room. Located at rear corner of Piedmont Row with private courtyard views, this quiet home features larger deck with 2 doors, into LR and BR. Split BR plan with open living area includes room for home office, full dining, or bar area. Beautiful wood cabinetry, granite, easy maintenance black appliances, large pantry, plenty of storage. Upgraded Cali-style master closet, updated window treatments, prefinished wood floors throughout, tiled baths. Second bath includes large soakinng tub/shower. Low utility cost, only pay low electric, cable/internet. Water/sewer included w/24-hour security in complex, fob needed to access all residential areas. 2 deeded parking spaces in secured deck (24 & 98), amenities include pool, terrace and outdoor grills on rooftop of 4620 building plus club room and business center. ERV Radon Remediation unit has been installed.

$342,500 Active

4625 Piedmont Row Drive 318 Charlotte, North Carolina

2 Beds 2 Baths

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%