Impact of COVID-19 On Charlotte Region Home Showings As Of April 2020

By
Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5n7t

 

Charlotte Region Home Showings & COVID-19

 

Charlotte region home showings were negatively impacted by the onset of COVID-19 and attendant stay-at-home orders in both North and South Carolina. Below are charts showing just how much home showings were impacted in four of the Charlotte region's highest demand cities/towns in April 2020 as compared with April 2019 and with the two months preceding April 2020. No doubt the months of March and April 2020 were "brutal" in terms of the impact of the pandemic on Charlotte region homes showings. With the expected gradual lifting of restrictions in May throughout the region the hope is that the level of showings will also begin to gradually increase, as will pending contracts and new listings.

 

 

Charlotte Home Showings Analysis

 

As the chart below indicates, showings of listed properties priced up to $499,000 in the City of Charlotte, dropped some 62.5% in April 2020 compared with April 2019. Showings for homes priced up to $499,000 dropped almost 42% from the month of March 2020 in April 2020 and almost 60% from the month of February 2020.

Showings for homes priced from $500,000 to $1 million dropped 76% in April 2020 compared with April 2019 and almost as much compared with February 2020. Charlotte had some of the most onerous restrictions for home showings in the region, where real estate was deemed a non-essential service/business from March 24th till April 29th, which meant no homes could be shown in person.

 

 

City of Charlotte Home Showings Analysis Pursuant to COVID-19

 

 

Waxhaw | Weddington | Marvin Home Showings Analysis

  

As the chart below indicates, showings of listed properties priced up to $499,000 in the towns of Waxhaw, Weddington and Marvin dropped some 72% in April 2020 compared with April 2019. Showings for homes priced up to $499,000 dropped almost 46% from the month of March 2020 in April 2020 and almost 60% from the month of February 2020.

Showings for homes priced from $500,000 to $1 million dropped 52.5% in April 2020 compared with April 2019 and almost as much compared with February 2020.

 

 

Waxhaw Weddington Marvin Home Showings Anaysis Pursuant To COVID-19

 

 

Indian Land Home Showings Analysis

 

As the chart below indicates, showings of listed properties priced up to $499,000 in Indian Land, dropped some 63% in April 2020 compared with April 2019. Showings for homes priced up to $499,000 dropped almost 36% from the month of March 2020 in April 2020 and almost 64% from the month of February 2020.

Showings for homes priced from $500,000 to $1 million dropped 57% in April 2020 compared with April 2019 and almost as much compared with February 2020.

 

 

Indian Land Home Showings Analysis Pursuant To COVID-19

 

 

Fort Mill Home Showings Analysis

 

As the chart below indicates, showings of listed properties priced up to $499,000 in Fort Mill, dropped some 55% in April 2020 compared with April 2019. Showings for homes priced up to $499,000 dropped almost 56% from the month of March 2020 in April 2020 and almost 50% from the month of February 2020.

Showings for homes priced from $500,000 to $1 million dropped 37% in April 2020 compared with April 2019 and almost as much compared with February 2020.

 

 

Fort Mill Home Showings Analysis Pursuant To COVID-19

  

 

 

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This Charlotte region home showings update is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte metro area residential real estate experts serving Charlotte area home buyers and sellers for 20+ years.

 

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Nina Hollander

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 Charlotte/Ballantyne/Waxhaw/Fort Mill
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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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Ambassador
3,256,128
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Our showing rules set forth by the governors mandate is very strict. I actually had to let a listing go because of the sellers additional showing restrictions on their recreational property had me taking and scrubbing down the whole cabin after showings. They also wanted me to supply facemasks, gloves, and booties to every person in the showing. (Nothing was to be reused) It is a vacant cabin but I think they went over the top and they might be back when they see the next agent will not scrub down or spend five dollars worth of materials on each showing...

just another day in real estate...

Happy Thursday morning Nina Hollander 

Apr 30, 2020 09:49 AM #5
Rainmaker
2,558,163
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

I am hoping real estate sales will improve and I think they will as the interest rates remain low.

Apr 30, 2020 10:03 AM #6
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... fortunately as of today, we are now considered an essential service in my county... that will go a long way to helping spur sales and showings. As for overly-demanding clients, I've long said you need to know when to hold then and when to fold them.

Apr 30, 2020 10:06 AM #7
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® hi Rebecca... I think demand will keep real estate sales relatively solid... but that being said... the issue of unemployment coudl throw a wrench into the works.

Apr 30, 2020 10:07 AM #8
Rainmaker
2,139,166
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - yes, you are the firts report this and, as advertised, the showing are way down.

Apr 30, 2020 10:13 AM #9
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... in real estate I've often found that one can "feel" trends happening... but I always like to make sure my feelings are legitimate by checking the numbers.

Apr 30, 2020 10:18 AM #10
Ambassador
2,013,180
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We are planning on doing something similar soon. It really has impacted things - how could it not? I'm always appreciative of the data.  D 

Apr 30, 2020 10:28 AM #11
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... prospective sellers are asking questions... we need to be on top of our numbers to be credible.

Apr 30, 2020 10:29 AM #12
Rainmaker
3,407,438
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina, Always great to see what is happen in other areas in these trying times that we are in.

 

Apr 30, 2020 11:28 AM #13
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm hi Will... no doubt the times we are in are trying and for many quite stressful.

Apr 30, 2020 11:30 AM #14
Rainmaker
3,162,705
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

I was listening to a webinar yesterday, in my area showings are down by 2.9% overall. Not bad, not bad at all

May 01, 2020 01:04 AM #15
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... 2.9% is nothing at all. Lucky you! Our numbers were just awful.

May 01, 2020 04:48 AM #16
Rainmaker
5,774,724
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share with prospective home sellers and home buyers.

May 01, 2020 06:59 AM #17
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy. I've always believed that home buyers and sellers should never make important decisions about their real estate in a vacuum.

May 01, 2020 11:56 AM #18
Ambassador
4,208,333
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

Interesting data but not at all surprising - good information for both buyers and sellers. I haven't seen any specific data for our area.

Have a wonderful weekend at home!

Jeff

May 01, 2020 01:59 PM #19
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS hi Jeff... I pulled these numbers out of reports provided by Tour Factory... certainly eye-opening. Enjoy your weekend.

May 01, 2020 02:13 PM #20
Rainmaker
4,319,085
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, I need to put together charts like yours to show how the pandemic has affected our market too.  Yours is easy to understand and see what a difference it made.

May 02, 2020 09:18 AM #21
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... the numbers were eye-opening to say the least. We use Showing Time to make appointments for showings and I can pull up statistics from them on showing appointments by neighborhood, zip code, city, county, etc. Then it's just a matter of throwing the numbers on chart in Word.

May 02, 2020 10:48 AM #22
Rainmaker
2,725,949
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Charlotte home buyers and sellers are certain to value your real estate market report, Nina!

May 02, 2020 03:16 PM #23
Rainmaker
3,448,965
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... with numbers like this they might value the report but they won't be happy with the numbers in it. 

May 03, 2020 05:11 AM #24
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