April 2023 home sales declined in the 16-County Charlotte Region year-over-year for a 16th consecutive month. Pending sales were also down year-over-year for a 16th consecutive month. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022.
Higher home prices coupled with increasing interest rates have impacted affordability and continue to cool buyer demand. The market in 2021 was clearly an anomaly and we now see that year-over-year sales declines from 2022 appear significant. Sales are still occurring... just not at … (18 comments)
charlotte homes for sale: It's Like Deja Vu All Over Again In Charlotte Real Estate!
- 05/07/23 07:26 AM
Charlotte Real Estate Market Spring 2023: Deja Vu All Over Again! Yogi Berra famously said "it's like deja vu all over again." When it comes to the Charlotte area real estate market in Spring 2023, it definitely feels like it's deja vu all over again. Deja vu is defined as "a feeling of having already experienced the present situation." The present is certainly feeling a lot like the Spring market in 2021.
Media is still talking about an impending market crash. I'd like to know where they are getting their information. Here in the Greater Charlotte area, we've been seeing a return to … (16 comments)
Today is April Fool's Day... a day when pranksters and jokers pop out of the woodwork! But don't get fooled today (or any other day for that matter) when it comes to real estate and owning a home. Owning real estate is a GREAT investment! Maybe it's even the GREATEST investment! Did you know that 90% of millionaires purchased real estate. Buying a home you live in is a first step in building your long-term wealth. Buying a home makes much more sense than renting.
January 2023 home sales were down year-over-year for a 13th consecutive month. Pending sales were also down year-over-year for a 13th consecutive month. Sales are happening, but not at the volume we saw in 2021 and the first half of 2022.
Higher home prices coupled with higher interest rates have impacted affordability and continue to cool buyer demand. The market in 2021 was clearly an anomaly and we can now see that year-over-year sales declines in 2022 appear significant. Sales are still occurring... just not at the pace … (18 comments)
A recent survey by Opendoor ranked the following Charlotte region zip codes as the fastest growing areas of Charlotte in 2022.
28078 ZIP CODE: HUNTERSVILLE Huntersville was the #1 hottest selling zip code in the Charlotte region in 2022. Niche.com ranked Huntersville in 2022 the: #36 best zip code to live in North Carolina out of 419 zip codes. #30 best zip code for families in North Carolina out of 419 zip codes. #42 best zip code to buy a home in North Carolina out of 416 zip codes.
Looking to downsize your current home, but still want plenty of space for visiting family/friends and to entertain? Looking for a "lock & leave" lifestyle in a low-maintenance home? It's patio home living at its best at 10608 Old Ardrey Kell Road in Ardrey Place, a 17-home intimate, quiet community, in Ballantyne. Rarely available home provides the best of one-level living with the "bonus" of a second floor with a recreation room, bedroom and bathroom (ideal for a teenager, college student, or out-of-town guests). Move-In Ready … (34 comments)
10 REASONS THAT MAKE IT EASY TO FALL IN LOVE WITH HOMEOWNERSHIP
Homeownership provides comfort, stability, and security. Homeowners have a stronger connection to their communities and neighborhoods and are more committed to volunteering. Homeownership is uniquely yours and you can customize to your heart's content and make your home something you'll be proud of. Homeownership provides financial security and helps build your wealth long term. Homeownership helps your budget … (36 comments)
What day is better than Valentine's Day to talk about the 14 top reasons to love living in Charlotte?
14 Reasons To Love Living In Charlotte: Charlotte's Climate: Charlotte has four seasons to enjoy, but winters are moderate. No need to worry about shoveling snow. Charlotte's culinary/restaurant scene, which has exploded in recent years, after Johnson & Wales University opened its Charlotte culinary school in 2004. Numerous independent restaurants throughout the Charlotte region have been started by J&W alumni, since the first graduates completed their … (32 comments)
In 2022, home sales across the Charlotte region trended back to 2019 levels with 50,286 homes sold across the 16-county region. One could say the return to pre-pandemic levels of sales and the pace of sales is a more "normalized" market and that 2021/2022 were an anomaly.
Key take-aways for the 2022 housing market's performance include: Decline of 15.3% in existing home sales in 2022 versus 2021. 12 consecutive months of declines in sales year-over-year. 2022 sales were on par with sales at the end of 2019. Pending sales were also down throughout … (20 comments)
Have You Been Asking Yourself These Questions? Am I tired of rising rents? Will it be less expensive for me to buy versus renting? Will my income increase as quickly as my rent? Will it be more or less expensive to buy next year? Is 2023 finally the year to stop renting, to buy my Charlotte area home and stop paying my landlord's mortgage instead of my own? Should I lock in my monthly housing cost for years to … (30 comments)
Charlotte's Palisades neighborhood saw a 23% increase in average home sale prices in 2022 and a decrease in average days on market to 19 days. The list to sale price ratio was just over 100%. Median home prices continued to set new records throughout 2022 and into 2023. All in all, a strong year for The Palisades neighborhood.
Fourth Quarter 2022 was a strong quarter in terms of sale prices for The Palisades. Average home prices increased 34%; median home sale prices increased 30%. To the extent that The Palisades saw a shift in the … (16 comments)
Deciding whether to buy or rent a home right now is not easy, especially for first-time home buyers. And that’s because there is no one-size-fits-all answer. The best choice for you depends on a number of factors ranging from your financial goals to your local market.
If you (or a friend or family member) are wondering whether you should buy sooner rather than later, check out our latest blog post → Buy Now or Keep Renting?
In this post, we lay out the five critical questions that anyone thinking … (32 comments)
The Ballantyne housing market continued to cool in the month of October with regard to closed and pending sales and higher days on market. However, with just 1.3 months of inventory we are no where near being a buyer's market in the Ballantyne area as yet.
While inventory increased significantly and the months supply of homes increased to 1.3 months, Ballantyne homes sold in about a month, on average, and at higher prices year-over-year. Home sellers received a median 98.9% of list price in sale price.
Five homes sold in Thornhill during Quarter 3-2022, two fewer than the seven homes that sold in the same quarter of 2021 and three fewer homes than sold in Quarter 2-2022. New listings decreased in Quarter 3-2022 with just three new listings, four fewer than in the same quarter one year ago and eight fewer than in Quarter 2-2022.
Both average ($611,400) and median ($670,000) sale prices were up significantly in Thornhill compared with one year ago. Average sale prices increased 21.97% year-over-year, while median sale prices increased 34%. … (30 comments)
WalletHub has just released its 2022 list of the most attractive real-estate markets and best place to buy a home in the United States, having compared 300 cities across 17 key metrics, which included median home-price appreciation to affordability to days on market to job growth, and more. Charlotte was ranked #7 among large cities and #25 overall.
BEST REAL ESTATE MARKET RANKINGS FOR 2022 Source: WalletHub Expert Insights On The 2022 Housing Market: Video Find our what experts are … (14 comments)
5117 Berkeley Creek Lane, a move-in ready, meticulously maintained and updated townhome in south Charlotte's Providence corridor, adjacent to the upscale Ballantyne area, is now sold and closed. Listed by Nina Hollander with Coldwell Banker Realty in Charlotte, the home received multiple offers within the first three days of coming on market. Final sale price was $485,000, $10,000 above the asking price of $475,000. This was the second highest sale price in this community for a home with no basement. The highest price was $496,000 in 2021 … (26 comments)
It's back to school in Charlotte, NC this week. In the spirit of the "back to school" season, here's a pop quiz for prospective home buyers and sellers. Can you define key terms in today's housing market?
If buying or selling a home is on your list of plans for the upcoming fall season, check out the two videos below (1) How Homeownership Can Help Shield You From Inflation and (2) Expert Insights On Where The Housing Market Is Headed.
We can help. Call us today at 704-779-0813 or contact us here. There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.
535 River Oaks Lane has just been listed by Nina Hollander with Coldwell Banker at an asking price of $719,000. Don't miss out on this beautifully updated, stately home on a quiet cul-de-sac street in one of south Charlotte's most desired areas. Situated on .33 lushly landscaped acres, mature trees and plants provide exceptional curb appeal, front and back.
Interior Highlights 535 River Oaks Lane The home’s interior offers an open and inviting floor plan which includes: 2-story entrance, front door with side light windows and large palladium window, above. … (29 comments)
charlotte homes for sale: COMING SOON: In South Charlotte's Wimbledon: 535 River Oaks Lane
- 08/23/22 05:08 AM
COMING SOON: Southern Living At Its Finest In South Charlotte Beautifully updated, stately home on a quiet cul-de-sac street in one of south Charlotte's most desired areas. Situated on .33 lushly landscaped acres, mature trees and plants provide exceptional curb appeal, front and back. Meticulously maintained, brick-front home offers the rooms with spacious dimensions and livability home buyers look for. Open, flowing floor plan is ideal for everyday living, large scale entertaining, or more intimate gatherings. Minutes from Charlotte's upscale South Park, home has easy access to shopping, dining, entertainment, business centers, medical services, golf, and much more. … (40 comments)
4 single family homes sold in Reavencrest during the Quarter 2-2022 compared with three homes that sold in the same quarter of 2021. New listings remained low -- just six new listings in Quarter 2-2022, two more than in the same quarter one year ago.
Both average ($606,400) and median ($620,300) sale prices were up significantly compared with one year ago. Average and median sale prices were also up significantly quarter-over-quarter. Average sale prices increased approximately $125,000 from Quarter 1-2022, while … (18 comments)
CHARLOTTE REGION APRIL 2023 REAL ESTATE REPORT
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