Luxury Homes Sales~Charlotte, NC: October 2016 Video Market Update

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4WWR

 

October 2016 video market update on Luxury Home Sales in Charlotte, North Carolina

from RE/MAX Executive based on September 2016 luxury home sales:

 

Charlotte region saw positive trends in the luxury home market during September 2016 as compared with the same period one year ago:

  • The number of sales of luxury homes increased 37% year-over-year.

  • Days on market were down 3% on a year-over-year basis to 100 days.

  • Median list price for luxury homes was $1 million with a median sale price of just under $914,000. 

  • 32 homes priced between $1 and $2 million sold during the month of September and two homes priced over $2 million sold in September 2016. This compares with September 2015, when 21 homes priced between $1 and $2 million sold and was fairly flat compared with five homes priced over $2 million sold. The most expensive home sold during September 2016 sold at $2,145,000 in south Charlotte.

 

 

 

If you are in the luxury home market and would like a list of luxury homes available throughout the Charlotte, North Carolina metro area, contact

CAROLINAS REALTY PARTNERS

 

SEARCH CHARLOTTE REGION LUXURY HOMES

 

Carolinas Realty Partners would love to help you find your dream luxury home!

 

 

If you are considering selling or purchasing a luxury home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

Looking for a new home? Let Nina Hollander, a RE/MAX agent guide you.

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina
Groups:
City and State
Charlotte NC Real Estate
Charlotte North Carolina Area
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
luxury home sales update for charlotte metro area
luxury homes for sale in charlotte metro area
luxury home sales update for charlotte region october 2016
video report on luxury home sales in charlotte nc area october 2016

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,968,807
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina

This is interesting, and useful, information for buyers and sellers in the Charlotte NC luxury home market. Nice to have this video from RE/MAX. Ho w do they determine "luxury?" Is it the top 10% of the market?

Jeff

Oct 26, 2016 04:09 AM #1
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler ~ hi Jeff, generally we consider most anything priced over $750K as falling into the luxury market category here (it's three times the average cost of a home here). Anything over $900K is definitely in the high end category in our market.

Oct 26, 2016 04:19 AM #2
Rainmaker
1,900,588
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina -  you have some good values for luxury homes in the Charlotte Area

Oct 26, 2016 09:31 AM #3
Rainmaker
1,789,942
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Great information on the Charlotte market, Nina...it is interesting that there is so much being put out there that another housing bubble is going to occur in certain parts of the country now...

Oct 26, 2016 11:42 AM #4
Rainmaker
3,240,215
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Luxury is defined by the market and here that means starting at $500,000....and worth a peek with fewer on the market in the last quarter of the year.

Oct 26, 2016 07:33 PM #5
Rainmaker
4,797,120
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Nina.  Thanks for the Luxury market update for the Charlotte NC area.

Oct 26, 2016 09:53 PM #6
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Nina anyone thinking of buying a luxury home in Charlotte should call you.

Oct 26, 2016 09:55 PM #7
Rainmaker
3,160,535
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Consumers are going to like all the information you have provided on Charlottes luxury home sales, and the video you included!

Oct 26, 2016 10:21 PM #8
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ hi Grant... I get it... what Charlotte area considers a luxury home is probably one-step above starter homes in some areas.

Oct 26, 2016 11:05 PM #9
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ginny Gorman ~ hi Ginny, personally I don't see a housing bubble coming in Charlotte. It's a supply/demand issue now. Last time we had a bubble we had tons of supply despite high demand.

Oct 26, 2016 11:06 PM #10
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson ~ hi Sally and David, $500,000 will buy you quite a nice home in the Charlotte area, but it won't be categorized as a luxury home anymore.

Oct 26, 2016 11:07 PM #11
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c) ~ hi Sheila and Larry, thanks. High-end homes are still a small portion of our market, but that portion has been growing.

Oct 26, 2016 11:08 PM #12
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal and Gabe Sanders ~ good morning, Gita and Gabe. Thanks for stopping by and taking time to comment. Make it a great day!

Oct 26, 2016 11:09 PM #13
Rainmaker
3,247,587
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

The Charlotte North Carolina luxury home market is very strong.

Good luck and success.

Lou Ludwig

Oct 27, 2016 11:54 AM #14
Rainmaker
3,061,270
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lou Ludwig ~ thanks, Lou. Our high end market has indeed grown quite a bit in the past several years... especially now that jumbo loans are back.

Oct 27, 2016 09:03 PM #15
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,061,270

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information