charlotte area home trends: Looking To Buy Or Sell A Home? Home Sales At Highest Pace In 9 Years!
- 07/01/16 10:33 PM
Have you been thinking about buying or selling a home this year? Did you know that home sales are at their highest pace in 9 YEARS! Check out the infographic below to get a quick "snapshot" of market conditions and what it means to you whether you are a buyer or seller or both.
HOW DOES THE CHARLOTTE, NC METRO HOUSING MARKET COMPARE?
Sales are up 5.7% year-over-year as of May 2016.
Inventory is down 25.4% to 3 months year-over-year as of May 2016.
Home prices increased 4.2% to $244,390 on average, year-over-year as of May 2016.
LOOKING FOR A HOME IN THE CHARLOTTE … (9 comments)
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charlotte area home trends: What Happened In The Charlotte Region Housing Market In February 2016?
- 03/08/16 08:18 PM
Charlotte Region Housing Market Update:
February 2016
The Charlotte region's housing market continued its strong start of the new year in February 2016, with none of the key metrics disappointing with closed sales, pending sales, home prices all up and days on market, inventory levels, and new listings all down.
February 2016 Closed Sales: up 1.4% versus February 2015.
February 2016 Pending Sales: up 22.2% versus February 2015.
February 2016 Average List Price: increased 10.8% to just under $314,000 versus February 2015.
February 2016 Average Sale Prices: up 4.2% to just under $231,000 versus February 2015. Median Sale Price was also up 2.2% to $182,000 as compared with February 2015.
February 2016 Percent of Original List Price Received: up 1.4% to 94.9% compared with February … (20 comments)
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charlotte area home trends: RE/MAX National Housing Report ~ February 2016
- 02/26/16 12:39 AM
RE/MAX National Housing Report ~ January 2016
A great start to the new year with home sales stronger than in January 2015. For home buyers, winter months are often a good time to buy before the traditionally more competitive spring and summer seasons.
January home sales increased 6.3% in year-over-year sales. The median price of homes increased 6.7%, up for the 48th consecutive month as of January 2016.
The month's supply of homes for sale remained below five months at 4.6 months as compared with 5.2 months in January 2015. Average days-on-market were 71, nine days lower than in January 2015.
For a more detailed review, … (12 comments)
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charlotte area home trends: Housing Trends Newsletter From Carolinas Realty Partners~January 2016
- 02/01/16 12:24 AM
Housing Trends Newsletter From Carolinas Realty Partners
January 2016 Newsletter
Welcome to the January 2016 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this eNewsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
The January 2016 edition also … (13 comments)
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charlotte area home trends: Realtor.com Is Bullish On Charlotte's Housing Market For 2016
- 01/11/16 05:05 AM
No doubt that Charlotte's housing market has been growing steadily over the past several years and in a positive direction in terms of home prices, closed sales, days on market, etc.
Realtor.com has "joined the chorus" of many analysts in being bullish on Charlotte's housing market for 2016 and has named Charlotte as one of the top 10 real estate markets to watch in 2016. Realtor.com's analysis of the nation's 100 largest housing markets factored in those markets whose forecasted growth was equal to or better than the U.S. average. Additionally Realtor.com determined that each of the markets on the list "is in high demand, … (8 comments)
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charlotte area home trends: The 20 "Must-Have" Features In A Home Buyers Were Looking For In 2015
- 12/29/15 05:12 AM
The top 20 "must-have" features in a home that buyers were looking for in 2015, according to a recent study by Realtor.com were:
How well do these 20 must-have features match the Charlotte metro area buyer's preferences?
While Charlotte area buyers do like their fireplaces, it would not be the #1 item on their list of "must- haves." That partially may be due to the fact that much of our new construction for the past 15+ years includes a fireplace, so Charlotte area buyers may just consider this a "given."
An open floor plan with an open kitchen featuring granite counters and stainless steel appliances … (48 comments)
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charlotte area home trends: When Is It A Good Time To Rent In Charlotte? (Hint: Probably Not Now)
- 12/08/15 06:58 AM
When is it a good time to rent a home in Charlotte? Probably, let's make that certainly, not right now....
Rental rates continue to increase in the Charlotte metro area, while the number of available rental properties decrease. (With a strong housing market in Charlotte, home owners no longer need to rent their homes while waiting for the market to stabilize and home prices to increase.) Year-to-date, rent rates in the Charlotte area have increased 7.8%, while the number of properties rented have decreased by 3.4%, as compared with the same time frame one year ago.
In November 2015, the number active rentals in … (18 comments)
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charlotte area home trends: What Happened In Charlotte's Ballantyne Housing Market In Nov 2015?
- 11/30/15 08:57 PM
November 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code) as the fall selling season continued and the holiday season began. The average sale price of Ballantyne area homes increased by 5.3% to just under $332,000 as compared with the same period one year ago.
Median days on market for property listings dropped to 18 days from 32 days just one year ago--a 43.8% improvement over the same period last year. Average days on market also dropped by 17.3% in November 2015.
Average price per square foot also increased by 5.9% to $126/square foot … (6 comments)
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charlotte area home trends: The 10 Hottest Selling Neighborhoods In South Charlotte, NC
- 11/25/15 05:31 AM
South Charlotte real estate, in general, has been hot, hot, hot all year. But there were 10 neighborhoods in 2015 (year-to-date) that were real standouts and have been named the "10 Hottest Selling South Charlotte Neighborhoods" by the South Charlotte Weekly. Obviously, to some extent sales were high in these neighborhoods because they are large enough to support a critical mass of listings and sales. Nonetheless, it's worth pointing out that sales in a number of these neighborhoods were essentially moribund during the lean years a few years ago, when other neighborhoods were selling better.
The 10 Hottest Selling Neighborhoods In South … (16 comments)
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charlotte area home trends: What's Happening In The Fort Mill/Tega Cay Housing Market~August 2015
- 09/04/15 03:41 AM
August 2015 showed continued improvement in home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 9.1% to just over $292,000 compared with August 2014, while average days on market for property listings dropped by 12 days to 60 days, a 16.7% improvement over the same period last year. Price per square foot also increased by 3.7% to $112/square foot during August versus the same period in 2014.
With respect to Tega Cay, home sale prices were up almost 31% to $201,500 versus August 2014, while … (14 comments)
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charlotte area home trends: Charlotte Region Housing Market Update ~ July 2015
- 08/07/15 10:28 PM
Charlotte Region Housing Market Update:
July 2015
What's not to like about the continuing positive performance of the Charlotte region's housing market in July 2015? I've now asked this rhetorical question every month for many months running and the answer hasn't changed. Namely, that Charlotte region's housing market turned in another strong performance in the month of July after a very strong first half of the year, with none of the key metrics disappointing:
July 2015 Closed Sales: up 16.9% versus July 2014 and +17.9% on a year-to-date basis versus the same period last year.
July 2015 Pending Sales: up 17.9% versus July … (12 comments)
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charlotte area home trends: July 2015 ~ Charlotte Area Housing Update: Fort Mill/Tega Cay Areas
- 08/03/15 09:45 PM
July 2015 showed continued significant improvement in home sales in the Fort Mill, South Carolina area (which also includes Tega Cay) of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 10% to just over $295,000 compared with July 2014, while average days on market for property listings dropped by 19 days to 56 days, a significant 25.3% improvement over the same period last year. Price per square foot also increased by 4.6% to $113/square foot during July versus the same period in 2014.
Closed sales of homes in Fort Mill/Tega Cay were up double digits to … (0 comments)
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charlotte area home trends: The 5 Most Expensive Homes Sold In Charlotte Last Week
- 05/19/15 01:20 AM
The five most expensive homes sold in Charlotte last week all sold over $1 million. Here are the statistics about these five homes:
Average Selling Price: was $1,185,592, with the highest selling price at $1,360,000.
Average Selling Price as a % of Listing Price: 96.4% (average list price of $1,230,800 versus average sale price of $1,185,592.
Average Days on Market: ranged for four of the homes from 3 days to 16 days; the home that sold at the highest price took 747 days to sell.
Average Size of Homes: approximately 4,600 square feet of heated living area.
Average Price/Square Foot: $268.
… (8 comments)
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charlotte area home trends: Charlotte Region Housing Market Update: March 2015
- 04/08/15 04:04 AM
Charlotte Region Housing Market Update:
March 2015
What's not to like about the positive performance of the Charlotte region's housing market in March 2015? Charlotte region's housing market turned in another strong performance in the third month of the year, with none of the key metrics disappointing:
March 2015 Closed Sales: up 20.3% versus March 2014 and +16.6% on a year-to-date basis comparing March 2015 to March 2014.
March 2015 Pending Sales: up 30.2% versus March 2014 and +26.3% on a year-to-date basis comparing March 2015 to March 2014.
March 2015 Average List Prices: increased 4.1% to just under $293,000 versus March 2014 … (2 comments)
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charlotte area home trends: February 2015 Charlotte Housing Market Update - Waxhaw Area
- 03/08/15 10:15 PM
February 2015 showed a continuing solid performance for home sales in the Waxhaw area of the Charlotte metro area (28173 zip code--encompassing Waxhaw, Weddington, Marvin). The median sale price of Waxhaw area homes increased by 4.6% to $340,000 versus February 2014, while average days on market for property listings dropped to 73 days, a 14.1% improvement over the same period last year. Price per square foot also increased by 1.9% to $110/square foot during February versus February 2014. There is quite a bit of new construction happening in Waxhaw and it's worth pointing out that new construction homes sold in February … (4 comments)
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charlotte area home trends: Should You Sell Your Charlotte/Waxhaw/Fort Mill Metro Area Home Now?
- 02/19/15 04:38 AM
Should you sell your Charlotte/Waxhaw/Fort Mill metro area home now?
If you've been thinking about selling your home in the forseeable future, keep in mind that in real estate it's all about supply and demand. When the supply of homes goes down and the demand for homes goes up, that's a great sign that you should consider selling your Charlotte/Waxhaw/Fort Mill metro area home sooner rather than later.
The following graphs illustrate just how much demand for homes is up and supply of homes is down as of January 2015. In fact, buyer activity this past month of January was 3 TIMES … (10 comments)
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charlotte area home trends: How Do North And South Carolina Stack Up In Foreclosure Inventory?
- 02/11/15 12:35 AM
North and South Carolina compared quite well against the national rate of foreclosed homes of 1.4%, especially North Carolina, where the rate of 0.8% is almost half that of the national average. Home buyers in our market who have been trying--without much success--to find foreclosure bargains in the Charlotte region will continue to be frustrated in their attempts to find that great "deal." To put it bluntly--"that ship has sailed."
From Keeping Current Matters comes the following graphic, based on the latest CoreLogic National Foreclosure Report, showing the foreclosure inventory state by state. And, of course, the good news is that not … (14 comments)
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charlotte area home trends: Charlotte Region Housing Market Update: January 2015
- 02/09/15 05:39 AM
Charlotte Region Housing Market Update:
January 2015
What's not to like about the positive performance of the Charlotte region's housing market in January 2015? Charlotte region's housing market turned in a strong performance in the first month of the new year with none of the key metrics disappointing:
January 2015 Closed Sales: up 8.8% versus January 2014.
January 2015 Pending Sales: up 31.8% versus January 2014.
January 2015 Average List Prices: increased 4.7% to just under $271,000 versus January 2014.
January 2015 Average Sale Prices: up 3% to just over $223,000 compared with January 2014.
January 2015 Percent of … (4 comments)
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charlotte area home trends: January 2015 Charlotte Housing Market Update - Indian Land, SC
- 02/09/15 05:14 AM
January 2015 showed a solid performance in home sales in the Indian Land, South Carolina area of the Charlotte metro region.
The average sale price of Indian Land area homes increased by 5% to just under $268,000, while days on market for property listings dropped to 63 days, a 17.1% improvement over the same period last year. Price per square foot also increased by 6.2% to $102/square foot during January versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). But for sure, gone are the days when buyers could … (14 comments)
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charlotte area home trends: January 2015 Charlotte Housing Market Update - Waxhaw Area
- 02/08/15 08:48 PM
January 2015 showed a continuing solid performance for home sales in the Waxhaw area of the Charlotte metro area (28173 zip code--encompassing Waxhaw, Weddington, Marvin). The median sale price of Waxhaw area homes increased by 4.3% to $339,000 versus January 2014, while average days on market for property listings dropped to 73 days, a 15.1% improvement over the same period last year. Price per square foot also increased by 1.9% to $110/square foot during January versus January 2014. There is quite a bit of new construction happening in Waxhaw and it's worth pointing out that new construction homes sold in January … (6 comments)
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Have you been thinking about buying or selling a home this year? Did you know that home sales are at their highest pace in 9 YEARS! Check out the infographic below to get a quick "snapshot" of market conditions and what it means to you whether you are a buyer or seller or both.
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