Southwest Charlotte/Steele Creek Housing Market Update: June 2018

By
Real Estate Agent with Coldwell Banker Realty

 

SOUTHWEST CHARLOTTE/STEELE CREEK

HOUSING MARKET UPDATE/VIDEO

JUNE 2018

 

June 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 just "hanging on" 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 10.1% to just under $216,000 and in the 28278 zip code by 9.6% to just over $337,000 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 57 days in the 28278 zip code, down 25% in the 28273 zip code versus June 2017. Median days on market  were 5 days (down 37% year-over-year) in 28273 zip code and 20 days in the 28278 zip code in June 2018.

 

Average price per square foot increased by 9.9% to $111/square foot in June 2018 versus the same period in 2017 in the 28273 zip code. In the 28278 zip code average price per square foot increased 5.1% to $123/square foot versus one year ago.

 

Pending sales were up 8.7% in 28273 zip code and 3.8% in 28278 zip code in June versus the same month last year. Year-over-year, closed sales were down 0.5% in 28273 zip code and up 0.3% in 28278 zip code. 

 

The median percent of original list price that sellers received for their homes was 100% in 28273 zip code and 98.1% in 28278 zip code, showing none to little negotiating room for homes in southwest Charlotte, North Carolina.

 

New listings increased by 16.4% in the 28273 zip code, but were down 5% in the 28278 zip code versus June 2017. Southwest Charlotte's months supply of homes was flat in the 28273 zip code at 1.2 months and by decreased 8.8% to 3.1 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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PREVIOUS SOUTHWEST CHARLOTTE/STEELE CREEK HOUSING MARKET UPDATES: 

 

Southwest Charlotte/Steele Creek Housing Market Update: May 2018

Southwest Charlotte/Steele Creek Housing Market Update: April 2018

Southwest Charlotte/Steele Creek Housing Market Update: March 2018

Southwest Charlotte/Steele Creek Housing Market Update: February 2018

 

 

This real estate monthly update for Southwest Charlotte, NC is brought to you by  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."

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

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

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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.

 

Comments (16)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If I am not mistaken, signs are leading towards the Indian Land update coming around tomorrow!

Jul 08, 2018 07:15 AM
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 and Home Specialists

Charlotte's Southwest housing market is on the upward move. That's terrfic news for sellers in the Steele Creek neighborhood!

Jul 08, 2018 07:16 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Another great blog for you with so much great information in it.  Hope you have a great day!

 

Jul 08, 2018 07:40 AM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Appreciate the update. Have a great rest of the weekend!

Jul 08, 2018 08:10 AM
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us 

Have a great day.

07/08/2018. 

Jul 08, 2018 08:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... maybe Indian Land will make an appearance even later today! 

Jul 08, 2018 09:40 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... the problem is that sellers in Steele Creek aren't selling!

Jul 08, 2018 09:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... thanks. Trust you are enjoying your weekend and not working too hard.

Jul 08, 2018 09:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeremy K. Frost thanks, Jeremy, for popping by. Hopefully you are enjoying a terrific weekend.

Jul 08, 2018 09:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Anthony Acosta - ALLATLANTACONDOS.COM hi Anthony... thanks, as always, for stopping by... wishing you a lovely Sunday.

Jul 08, 2018 09:43 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I love how Brian England knows your flow of market reports and predicts them as they come.  This is another great report, wishing you a great week ahead. A

Jul 08, 2018 10:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... Brian is very taken with Indian Land... so he's always looking forward to my reports. Funnily enough, he has a good friend right around Indian Trail, so I've often wondered why he isn't as taken with that area.

Jul 08, 2018 10:16 AM
Brian England

I just seemed to like the name Indian Land, so I went with it, haha.  If I were to ever visit and see all of the different communities there, I might change my tune, haha.

Jul 09, 2018 05:39 AM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will love your local market reports.

Jul 08, 2018 10:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley ~ thanks, Roy. Here's wishing you a wonderful new week ahead.

Jul 08, 2018 01:09 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your market reports sure identify how your market is doing, and valuable information for anyone looking for data.

Jul 09, 2018 05:17 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox good morning, Joan... thanks. Of course, at the end of day, if they don't provide value added data for buyers and sellers it's a waste of time doing them! 

Jul 09, 2018 05:41 AM