Housing Market Update For Southwest Charlotte/Steele Creek: Feb 2018

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

 

February 2018 home sales in southwest Charlotte, North Carolina (28273 and 28278 zip codes and often referred to simply as Steele Creek) saw home sale prices substantially increasing, pending and closed sales also increasing and inventory significantly decreasing.

 

The average sale price of SW Charlotte homes increased in the 28273 zip code by 12.2% to just over $208,000 and in the 28278 zip code by 6.7% to just over $326,000 as compared with the same time frame one year ago.

 

Average days on market for property listings were 19 days in the 28273 zip code and 52 days in the 28278 zip code, down 24% and 8.8% respectively versus February 2017. Median days on market  were 5 days in 28273 zip code and 17 days in the 28278 zip code in February 2018.

 

Average price per square foot increased by 8.2% to $106/square foot in February 2018 versus the same period in 2017 in 28273 zip code. In the 28278 zip code average price per square foot increased 6.1% to $121/square foot versus one year ago.

 

Pending sales were up 9.2% in 28273 zip code and 4.3% in 28278 zip code in February versus the same month last year. Year-over-ear, closed sales were up 2.4% in 28273 zip code and 9.6% in 28278 zip code.

 

The median percent of original list price that sellers received for their homes was 100% in 28273 zip code and 98.4% in 28278 zip code, showing virtually none to little negotiating room for homes in southwest Charlotte, North Carolina.

 

New listings increased by 13.1% in the 28273 zip code, but were down 2.9% in the 28278 zip code versus February 2017. SW Charlotte's months supply of homes decreased in both zip codes -- by 21.4% to 1.1 month in 28273 zip code and by 13.5% to 3.2 months in 28278 zip code. The 28273 and 28278 zip codes in southwest Charlotte very much remain a seller's market.

 

It continues to be a true seller's market in the 28273 and 28278 zip codes and a very competitive environment for home buyers in Southwest Charlotte, North Carolina.  

 

 

 

Southwest Charlotte Housing Market Update - February 2018

 

 

 


 

 

 

 

SEARCH ALL SOUTHWEST CHARLOTTE, NC AREA HOMES FOR SALE

 

WONDERING WHAT YOUR SOUTHWEST CHARLOTTE, NC HOME IS WORTH?

 

Instant Value For Your Home From Nina Hollander, RE/MAX 

   

 

This Charlotte, North Carolina real estate monthly update for Southwest Charlotte, NC is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and southwest Charlotte specialists. 

 

If you are considering selling or purchasing a home in Southwest Charlotte or anywhere 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."

 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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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.

 

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2017 Market Trend Reports
Tags:
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Rainmaker
1,524,235
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina - a few twists and turns but the same overall outlook.  Sellers market.

Mar 07, 2018 10:24 AM #5
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ hi Grant... same old, same old, for sure. Everywhere I turn it's pretty much a seller's market.

Mar 07, 2018 10:40 AM #6
Rainmaker
1,968,492
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

That is a great marketing report Nina! Well done!

Mar 07, 2018 11:52 AM #7
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- what a thorough market report for the Southwest Charlotte area!  And it's easy to read as well. 

Mar 07, 2018 12:58 PM #8
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sharon Tara ~ thanks, Sharon and thanks for taking time to pop by, as well.

Mar 07, 2018 01:03 PM #9
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kathy Streib ~ hi Kathy... thanks. That's the whole idea, I suppose, to keep 'em reading!

Mar 07, 2018 01:04 PM #10
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You really do stay on top of all your markets Nina Hollander 

Mar 07, 2018 01:18 PM #11
Rainmaker
865,494
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - It is amazing how hot the market continues to be.  Your clients are fortunate to have your experience and knowledge of the Southwest Charlotte Steele Creek area to rely on. 

Mar 07, 2018 01:45 PM #12
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... I cover a pretty large territory in two states and at a good six counties... and they all have unique aspects and demographics.

Mar 07, 2018 01:53 PM #13
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ hi Sheri -- our market really is so tight on inventory right now it's mind-boggling.

Mar 07, 2018 01:54 PM #14
Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Nina a 19 day on the market average is an excellent sellers market.  This is a great time to sell.

Mar 07, 2018 02:58 PM #15
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George... that's what I keep telling people... but they just don't listen! That's why the DOM are so low... it's a feeding frenzy.

Mar 07, 2018 03:10 PM #16
Ambassador
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1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Rising prices and not very many days on the market.. a truly great market!

Mar 07, 2018 05:05 PM #17
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

An Idabel OK Broker ~ Judi K Barrett ~ hi Judi... a great market, indeed, for home sellers... less so for many buyers, especially entry-level buyers.

Mar 08, 2018 03:59 AM #18
Rainmaker
2,837,904
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Nina, Home buyers are savvy about their market of choice and want the REAL facts about the area. Your report on Southwest Charlotte is a terrific one!

Mar 08, 2018 05:01 AM #19
Rainmaker
4,258,786
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for keeping us informed about the real estate market in Southwest Charlotte/Steele Creek.

 

Mar 08, 2018 05:50 AM #20
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ thanks, Sheila and Larry. With so many people relocating to Charlotte, they do do a ton of research on areas and neighborhoods.

Mar 08, 2018 09:08 AM #21
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ hi Gabe... with Steele Creek being touted as the hottest zip code in Charlotte for two years straight, I thought it was time to start writing a report on the area. (And I remember the days when I'd have almost beg people to consider SW Charlotte!)

Mar 08, 2018 09:09 AM #22
Rainmaker
4,609,945
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Mar 08, 2018 09:42 AM #23
Rainmaker
2,398,048
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Always interesting to me to see how different parts of town suddenly explode in my market in terms of demand.

Mar 08, 2018 09:54 AM #24
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