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Southwest Charlotte/Steele Creek Housing Market Update/Video: May 2018
SOUTHWEST CHARLOTTE/STEELE CREEK
HOUSING MARKET UPDATE/VIDEO
May 2018 home sales in southwest Charlotte, North Carolina (28273 and 28278 zip codes, often referred to simply as Steele Creek) saw home sale prices substantially increasing, pending and closed sales also increasing, and sellers getting 100% of asking price in the 28273 zip code. No matter how you "slice it," it's obvious that real estate in this area of Charlotte is sizzling hot!
The average sale price of SW Charlotte homes increased in the 28273 zip code by 10.7% to just over $213,000 and in the 28278 zip code by 9.0% to just over $334,000 compared with the same time frame one year ago.
Average days on market for property listings were 18 days in the 28273 zip code and 57 days in the 28278 zip code, down a 28% in the 28273 zip code versus May 2017. Median days on market were 5 days (down 44.4% year-over-year) in 28273 zip code and 20 days in the 28278 zip code in May 2018.
Average price per square foot increased by 9.0% to $109/square foot in May 2018 versus the same period in 2017 in the 28273 zip code. In the 28278 zip code average price per square foot increased 5.2% to $122/square foot versus one year ago.
Pending sales were up 10.1% in 28273 ... more
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