Southwest Charlotte/Steele Creek housing update for February 2019. Charlotte, North Carolina's Southwest/Steele Creek area (28273 and 28278 zip codes) remain fundamentally seller markets with home prices and closed sales increasing and inventory decreasing. The Steele Creek area (28273) saw some significant decreases in pending sales in February due to a 44.9% increase year-over-year in home sale prices.
MORE DETAILS ABOUT THE SOUTHWEST CHARLOTTE/STEELE CREEK HOUSING MARKET'S PERFORMANCE IN FEBRUARY 2019. CLICK HERE
It remains a seller's market in the 28273 and 28278 zip codes and a competitive environment for home buyers in Southwest Charlotte, North Carolina.
Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in November. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just over one month’s supply of homes for sale.
The average sale price of SW Charlotte homes increased in the 28273 zip code by 10.9% to just over $227,000. In the 28278 zip code sale prices increased by 8.9% to just over $388,000 compared with the same time frame one year ago. Median sale price in both the southwest Charlotte … (20 comments)
The best way to describe the southwest Charlotte/Steele Creek housing market in October was "mixed" results. Home sales in southwest Charlotte, North Carolina saw home sale prices increasing by double digits in the 28273 zip code but falling back a bit in the 28278 zip code. Days on market in both zip codes increased in October, mirroring what we are seeing throughout much of the Charlotte region. Pending and closed sales decreased due to continued tight inventory of affordable homes in October in 28278. In the 28273 zip code closed sales were down, but pending sales were up.
July 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 sales increasing, closed sales decreasing due to tight inventory, and sellers getting 100% of asking price in the 28273 zip code. No matter how you "slice it," real estate in southwest Charlotte is sizzling hot!
The average sale price of SW Charlotte homes increased in the 28273 zip code by 8.2% to just over $215,000 and in the 28278 zip code by 10.9% to just under $343,000 compared with the same time frame one … (14 comments)
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 … (20 comments)
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