Southwest Charlotte/Steele Creek Housing Market Update: July 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

SOUTHWEST CHARLOTTE/STEELE CREEK

HOUSING MARKET UPDATE/VIDEO

JULY 2018

 

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 year ago. Median sale price in both the southwest Charlotte zip codes was up by double-digits.

 

Average days on market for property listings were 17 days in the 28273 zip code and 59 days in the 28278 zip code, down 29.2% in the 28273 zip code versus July 2017. Median days on market were 5 days (down 28.6% year-over-year) in 28273 zip code and 20 days in the 28278 zip code in July 2018.

 

Average price per square foot increased by 9.8% to $112/square foot in July 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 $124/square foot versus one year ago.

 

Pending sales were up 5.6% in 28273 zip code and 1.3% in 28278 zip code in July versus the same month last year. Year-over-year, closed sales were down 0.1% in 28273 zip code and  0.6% 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% in 28278 zip code, showing none to little negotiating room for homes in southwest Charlotte, North Carolina.

 

New listings increased by 9.5% in the 28273 zip code, but were down 7.5% in the 28278 zip code versus July 2017. Southwest Charlotte's months supply of homes was flat in the 28273 zip code at 1.2 months and 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.  

 

CHECK OUT THE HOTTEST NEIGHBORHOODS IN SOUTHWEST CHARLOTTE TO WATCH IN 2018

 

SEARCH ALL SOUTHWEST CHARLOTTE, NC AREA HOMES FOR SALE

 

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PREVIOUS SOUTHWEST CHARLOTTE/STEELE CREEK HOUSING MARKET UPDATES: 

 

Southwest Charlotte/Steele Creek Housing Market Update: June 2018

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 provided by  Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and southwest Charlotte specialists. 

 

If you're considering selling or purchasing a home in Southwest Charlotte or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

"The Right Broker Makes All The Difference."

 

 

Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/southwest-charlotte-steele-creek-housing-market-sizzling-hot-in-july-2018/ 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, 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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Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
2017 Market Trend Reports
Tags:
steele creek homes for sale
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southwest charlotte nc housing market update
steele creek housing update
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southwest charlotte nc housing market update july 2018

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Ambassador
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Nina. That's a great Market Report for Southwest, Charlotte, and Steel Creek Housing area. I see your inventory is even less than ours in San Antonio.  Nice video presentation too.

Aug 07, 2018 03:50 PM #1
Rainmaker
2,421,141
Rebecca Gaujot, Realtor®
Vision Quest Realty, Martha Hilton, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, nice to read about the Southwest Charlotte real estate market and that it is sizzling hot right now!

Aug 07, 2018 06:25 PM #2
Rainmaker
998,658
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

This is a hot market right now Nina Hollander - I am so happy for you and your clients. I know they are in good hands with you. 

Aug 07, 2018 07:50 PM #3
Ambassador
2,893,106
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You are motivating me to revamp my template for my market updates Nina. Your ‘s are that good!!!

Aug 07, 2018 09:17 PM #4
Rainmaker
4,947,881
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local market reports.

Aug 08, 2018 03:23 AM #5
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® hi Rebecca... the 28273 zip code has been called the "hottest" zip code in Charlotte for a couple of years now. 

Aug 08, 2018 03:30 AM #6
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri. As I tell people, it's not just the weather that's sizzling hot in Charlotte... so is real estate in many neighborhoods.

Aug 08, 2018 03:30 AM #7
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... thanks you... it's getting to the right template that takes time... but once you're there it's just plugging in new numbers each month. And the Lumen video system is free and easy to use, as well. Again, once you've got your template it doesn't take long to update.

Aug 08, 2018 03:32 AM #8
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley good morning and thanks, Roy. Wishing you a wonderful Wednesday!

Aug 08, 2018 03:32 AM #9
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jerry Newman thanks, Jerry. There are pockets of the Charlotte metro area, such as southwest Charlotte, that are way less than 2 months of inventory. It's really at critical levels now, especially for "affordabel" homes.

Aug 08, 2018 03:39 AM #10
Rainmaker
4,303,019
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Aug 08, 2018 04:50 AM #11
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal hi Gita... thank you... here's sending you best wishes for a wonderful Wednesday!

Aug 08, 2018 04:59 AM #12
Rainmaker
4,617,946
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 the information and update about the Southwest Charlotte/Steele Creek real estate market.

 

Aug 08, 2018 05:29 AM #13
Rainmaker
2,707,312
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders good morning to you, Gabe. As always, thanks for stopping by and taking time to leave a comment.

Aug 08, 2018 06:44 AM #14
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