Inventory Down | New Listings Down | Sales Down | Prices Up
August 2023 home sales declined in the 16-County Charlotte Region year-over-year, as did pending sales. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022. By the same token, closings increased month-over-month from July and contract activity remained steady. Although home buyers remain frustrated by fluctuating rates, lack of new inventory, rising home prices, and economic uncertainty it does appear that buyers are adjusting to the higher interest … (14 comments)
Charlotte Region single family luxury home market more than held its own in August 2023: Luxury home sales Charlotte Region in August saw average and median home sale prices increase from from July and June 2023. Pending sales declined, while closed sales increased year-over-year and month-over-month. Median days on market were just eight. Average days on market declined from July 2023 and increased by just two days from August one year ago. Median list to sale price ratio was 98.6%. New listings increased … (18 comments)
Fall 2023 officially arrives this week. With Fall's arrival our Fall 2023 Home Buyer and Seller Guides have also arrived. You can get your digital copies now before the official arrival of Fall on September 21st! There's a lot going on in the housing market right now you might want to know about.
Have all those confusing headlines about the housing market left you with more questions than answers? Have you been wondering: About home prices, mortgage rates, … (22 comments)
charlotte real estate expert: Not Yet A Homeowner? Why You Should Become One Sooner, Not Later
- 09/16/23 10:55 AM
HOMEOWNERSHIP PAYS OFF! If you're not yet a homeowner, here's why you should seriously consider becoming one sooner and not later despite the higher interest rates and increasing home prices. Since Quarter 1-1991, home prices have risen 297.7% nationally. In North and South Carolina they have risen over 300% in the past couple of decades.
Is it any wonder that housing represents the largest asset owned by most households and is a major means to accumulate wealth?
Is it any wonder that 74% of Americans list homeownership as the top cornerstone of financial success!
Is it any wonder that 75% of Americans say they would … (27 comments)
3103 Wild Lark Court, listed by Nina Hollander with Coldwell Banker, is now under contract. This beautifully updated home on a quiet cul-de-sac street in one of south Charlotte's most desired areas had over three dozen showings in the first two days on market and multiple offers.
Interior Highlights: 3103 Wild Lark Court
The home’s interior offers an open and inviting floor plan, which includes:
A dramatic, 2-story foyer, front door with side light window and generous millwork and, designer chandelier. Open sight lines from the foyer to the … (34 comments)
Many people think of January 1st as the start of a new year and a new chapter in their lives. But many people also think of the Fall season after school begins as the start of a new year and a new chapter in their lives.
Have you been thinking about finding a new Greater Charlotte area home this Fall in time for the holiday season? Why not start your search on my website, www.GreatHomesInCharlotte.com?
Whether you're looking to down-size, up-size, right-size; for … (36 comments)
"Grandparents, like heroes, are as necessary to a child's growth as vitamins." ... Joyce Allston Wishing all my fellow grandparents and great-grandparents the happiest of days. Grandparents are important. Here's why: Grandparents provide unconditional love, something children need to feel secure. Grandparents are the source of family tradition, culture, values, and history, something children need to feel connected to their roots. According to an Oxford University study, children whose grandparents are involved in their lives show fewer behavioral and emotional problems. "Nobody can do for little children what grandparents do. Grandparents sort of sprinkle stardust over the lives of little children." ... … (28 comments)
Home Inventory Is VERY LOW... There's Still Plenty Of Time To Sell Your Greater Charlotte Home! If You've Been Thinking About Selling Your Greater Charlotte Home... Nina Hollander With Coldwell Banker Realty Can Help!
Just how low is Charlotte region's housing inventory? Charlotte Region's inventory began increasing in May 2022. It peaked in October 2022 and has been on a downward trajectory since then. The same can be said for the months supply of inventory, which reached its lowest level in February 2022 at one month supply of inventory, then … (28 comments)
3103 Wild Lark Court has just been listed by Nina Hollander with Coldwell Banker at an asking price of $650,000. Don't miss out on this beautifully updated home on a quiet cul-de-sac street in one of south Charlotte's most desired areas. Situated on 0.41 acres with mature trees and plants, the home has excellent curb appeal, front and back.
Interior Highlights: 3103 Wild Lark Court
The home’s interior offers an open and inviting floor plan, which includes:
A dramatic, 2-story foyer, front door with side light window and generous … (24 comments)
charlotte real estate expert: COMING SOON: 3103 Wild Lark Court In South Charlotte's Cameron Wood
- 09/07/23 10:03 AM
COMING SOON: Move-In Ready Home In South Charlotte's Cameron Wood Move-in ready home on a wooded, fenced 0.41 acre cul-de-sac lot. This home in the high-demand Cameron Wood neighborhood in south Charlotte, offers the rooms, spacious dimensions, and livability home buyers look for. It's ideal for everyday living, large scale entertaining, more intimate gatherings. Plus a 3-car garage! Located 5 miles from Charlotte's upscale South Park and Ballantyne areas and less than 30 minutes from Charlotte's Uptown. Cameron Wood provides residents an optional membership in its Swim & Racquet Club where you can enjoy a country club lifestyle without the … (24 comments)
If you've been following the news, you’ve heard that higher mortgage rates have made it more challenging to sell a home.
Despite the challenges of selling homes in a higher interest rate environment, I'm still helping Greater Charlotte home sellers get great offers by employing some key strategies.
One of my top recommendations for sellers is to employ a competitive pricing strategy. For 6 more ways you … (24 comments)
Inventory Down | New Listings Down | Sales Down | Prices Up
July 2023 home sales declined in the 16-County Charlotte Region year-over-year, as did pending sales. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022. Buyer demand weakened in July, falling 6.8% compared with one year ago. Home buyers remained frustrated by fluctuating rates, lack of new inventory, rising home prices, and economic uncertainty.
Seller activity also continued to fall, with listing activity down 30.2% year-over-year. This impacted inventory for … (18 comments)
"Life is uncertain. Eat dessert first." - Ernestine Ulmer
Dessert Wars are coming to the Queen City this Saturday, August 26th. This sweet event is taking place at Charlotte's Park Expo located at 2500 East Independence Boulevard.
"Dessert is like a cloud that melts in your mouth." - Jodi Picoult
Do you love desserts? Is your dining philosophy "that there is always room for dessert?" Then you should be heading over to Charlotte's Dessert Wars this Saturday. You'll be able to sample sweets from 50+ competitors who will be vying for the People's Choice Championship in Charlotte and … (32 comments)
Happiness Happens Month is dedicated to celebrating whatever makes you happy! Happiness Happens Month encourages people to take stock of their lives and try to do and think about things that make them happy and share their happiness with others.
"Remember this, that very little is needed to make a happy life." — Marcus Aurelius
Have you ever thought about what makes you happy? Or whether you're a happy person in general? If you haven't, here's a 7-Days Happiness Challenge. What's … (46 comments)
The Queen City's popular Charlotte Burger Week is in its eighth year. What's more quintessentially American in the summer months than a cold Coke or beer, fries, and a great burger? Who doesn't love a good burger? Even all the great chefs agree that there's nothing better than a burger. (Check out the quotes below from Anthony Bourdain, Julia Child, Paula Dean, Thomas Keller, Gordon Ramsay, etc.)
"A hamburger is perfection wrapped up in a bun." -- Anthony Bourdain
Through August 27, you can try all sorts of unique, specialty burgers (which will be available for just this week) for … (28 comments)
Tickets are on sale now for the 2023 Dilworth Home Tour in Charlotte. If you love touring historic and architecturally interesting homes, if you love historic neighborhoods, you should definitely come out to the 2023 Dilworth Home Tour, Charlotte's oldest home tour in one of the City of Charlotte's oldest and most picturesque neighborhoods. 2023 marks the 49th year of this perennially popular home tour in the Queen City, which will showcase six homes and gardens.
The Dilworth Home Tour is sponsored by the non-profit Dilworth Community Association (DCA) and the Fallon Company with proceeds supporting Dilworth's Care … (18 comments)
"I've always loved the first day of school better than the last day of school. Firsts are best because they are beginnings." ... Jenny Han
It's back to school time in the Greater Charlotte area. Schools are back in session over the next couple of weeks. 2023/24 school year calendars for Charlotte Region schools are available on Great Homes In Charlotte's blog. Each county's school system has its own approved academic year calendar. And in some counties there are individual school districts for specific towns, as well.
"Education is the most powerful weapon which you can use to change … (18 comments)
I am honored to be ranked in Coldwell Banker Realty's Top 100 sales associates out of 1,600 in North and South Carolina for gross commission generated, ranking #12 in the CB Top 100 in June 2023 and ranking #23 in the CB Top 100 Year-To-Date 2023. My thanks to all my loyal clients who continue support my business year in and year out for 25 years with their business and referrals.
If you've been considering purchasing or selling a home in the Greater Charlotte area, … (26 comments)
Housing inventory is still historically low all across the country. And Charlotte region is no exception.
It's still a seller's market in the Greater Charlotte area. As of June 2023, the Charlotte Region has just 1.4 months of inventory. We need four months of inventory to be considerd a balanced market and six months to be considered a buyer's market.
Just take a look at the months supply of inventory in … (26 comments)
9010 Morgan Downs Court in south Charlotte's Providence Heights neighborhood is now a sold property at a final sale price of $625,000. After several months of searching for just the right home, my clients are now busy this weekend moving into their beautiful new home.
9010 Morgan Court in Providence Heights is an updated, move-ready home built by Shea Homes in 1998. The 2,318 square foot, 2-story, brick home is situated on a .25 acres, lush, beautifully landscaped lot on a quiet cul-de-sac. The one-owner home features 4 bedrooms/2.5 bathrooms, formal … (14 comments)
CHARLOTTE REGION REAL ESTATE REPORT: AUGUST 2023
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