Housing Market Update/Video For SW Charlotte/Steele Creek: March 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/5bHN

 

 

March 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. No matter how you "slice it," it's obvious that real estate in this area of Charlotte is sizzling!

 

 

The average sale price of SW Charlotte homes increased in the 28273 zip code by 11.4% to just under $210,000 and in the 28278 zip code by 9.4% to just under $331,000 as compared with the same time frame one year ago.

 

Average days on market for property listings were 18 days in the 28273 zip code and 54 days in the 28278 zip code, down a 28% in the 28273 zip code versus March 2017. Median days on market  were 5 days (down 44.4% year-over-year) in 28273 zip code and 18 days in the 28278 zip code in March 2018.

 

Average price per square foot increased by 9.2% to $107/square foot in March 2018 versus the same period in 2017 in 28273 zip code. In the 28278 zip code average price per square foot increased 7.0% to $122/square foot versus one year ago.

 

Pending sales were up 13.0% in 28273 zip code and 4.5% in 28278 zip code in March versus the same month last year. Year-over-year, closed sales were up 1.4% in 28273 zip code and 3.3% in 28278 zip code. Lack of inventory in 28273, where there is just 1.1 months of inventory is dampening sales.

 

The median percent of original list price that sellers received for their homes was 100% in 28273 zip code and 98.3% in 28278 zip code, showing virtually none to little negotiating room for homes in southwest Charlotte, North Carolina.

 

New listings increased by 14.9% in the 28273 zip code, but were down 3.3% in the 28278 zip code versus March 2017. SW Charlotte's months supply of homes decreased in both zip codes -- by 21.4% to 1.1 months in 28273 zip code and by 11.1% 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.  

 

 

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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, 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 - 2018 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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Topic:
Real Estate Market Trends
Location:
North Carolina Mecklenburg County Charlotte
Tags:
southwest charlotte real estate
housing market update and video from nina hollander with remax
southwest charlotte nc housing market update
southwest charlotte nc housing market update march 2018
homes in sw charlottesteele creek

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Rainmaker
1,433,926
Yolanda Cordova-Gilbert
Richmond, TX

Nina,

 Good video like the music and the props! I hope you had a wonderful weekend!

Apr 08, 2018 03:34 PM #1
Ambassador
1,938,224
Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for providing this informational report on this local market.

Apr 08, 2018 05:45 PM #2
Ambassador
3,028,481
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I have never put my market reports to music but yours are worth the notes Nina Hollander 

Apr 08, 2018 07:34 PM #3
Rainmaker
1,139,544
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Clients in your SW Charlotte /Steele Creek area will certainly appreciate your video market update. 

Apr 08, 2018 08:20 PM #4
Rainmaker
4,431,606
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone relocating to Charlotte will appreciate the video. Thank you for sharing 

Apr 09, 2018 03:46 AM #5
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yolanda Cordova-Gilbert ~ thanks, Yolanda! Always appreciate your taking time to pop by and to leave a comment.

Apr 09, 2018 04:11 AM #6
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... I'm always struggling with the music issue on videos... but as there's not talking in the video, I figured it couldn't hurt.

Apr 09, 2018 04:12 AM #7
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 ~ good morning, Michelle... thanks for stopping by and taking time to leave me a comment. Wishing a great week ahead.

Apr 09, 2018 04:13 AM #8
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ good morning, Sheri, and thanks. Trust you had a lovely weekend and are looking forward to a wonderful new week!

Apr 09, 2018 04:14 AM #9
Rainmaker
4,796,425
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 updated on the real estate market in SW Charlotte/Steele Creek.

 

Apr 09, 2018 05:21 AM #10
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ good morning, Gabe. This area of Charlotte was a real "sleeper" area for a long time. And now it's absolutely exploded.

Apr 09, 2018 05:43 AM #11
Rainmaker
4,003,594
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for SW Charlotte or Steele Creek.   You do a great job in relaying how your market is doing! 

Apr 09, 2018 06:43 AM #12
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ thanks, Joan. Appreciate the compliment and, of course, your stopping by and taking time to comment. Wishing you a lovely Monday!

Apr 09, 2018 06:49 AM #13
Ambassador
3,028,481
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You did strike gold with this music video. I know I commented already but I wanted to show my gratitude Nina Hollander 

Apr 09, 2018 08:56 AM #14
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ thank you, Paul, for the vote of confidence! I really appreciate it.

Apr 09, 2018 09:32 AM #15
Rainmaker
1,828,535
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nina - I can already see that this video is a hit.  I have learned something here in addition to great market data.

Apr 09, 2018 09:49 AM #16
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ hi Grant... I was amazed to see the reaction to these videos, as well. So, I guess now I have to keep doing them.

Apr 09, 2018 09:56 AM #17
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ hi Gita... thanks... all anyone seems to talk about these days is videos, so I figured it was time for me to get with the program, as they say.

Apr 09, 2018 09:57 AM #18
Rainmaker
738,219
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

When we were visiting we saw how hot the market was and how quickly homes were selling. Still lots of new construction going on as well.

Apr 10, 2018 11:58 AM #19
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick & Trudy Vandekar, 610-203-4543 ~ tons of new construction, Nick... the problem is that much of it doesn't fall into the "affordable" range.

Apr 10, 2018 12:54 PM #20
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