Foreclosure And Short Sale Homes Continue To Be Hard To Find In The Charlotte, NC Region
Having trouble finding a foreclosure or short sale home to purchase in the Charlotte area? Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 0.9% of total sales in April 2020.
Why Foreclosure Bargains Are Almost Impossible To Find In The Charlotte Region:
Foreclosure sales were up by just one sale in April 2020 compared with April 2019. Just 30 foreclosure homes sold in April 2020.
- Short sales were down 57.1% in April 2020 compared with April 2019. Just 3 short sale homes sold in April 2020.
- Inventory of foreclosure and short sale properties stood at 1% of total number of homes for sale in the city of Chalotte and lower in most of the other towns and cities surrounding Charlotte.
- Median selling price for foreclosure homes was up 38.4% in April 2020 versus the same period one year ago. Median selling price for short sale homes was up 121.6% in April 2020 year-over-year. Median sale price for non-foreclosure homes was up 7.8% in April 2020 year-over-year. In other words, if you've been looking for a distressed property bargain... think again!
Since 2015, distressed property sales are at their lowest levels, as are the number of distressed properties on the market. Average days on market are at their lowest levels for distressed properties since 2015. Average sale prices of distressed properties are at their highest levels since 2015.
APRIL 2020 SHARE OF DISTRESSED PROPERTY SALES IN THE CHARLOTTE REGION
Foreclosure/Short Sale Home Sales In Charlotte Region At Their Lowest Levels Since 2015
Average Selling Prices For Charlotte Region Foreclosure/Short Sale Homes At Their Highest Levels Since 2015
Steady Decline Since 2015 Of New Foreclosure/Short Sale Listings In The Charlotte Region
Months Supply of Homes Of Foreclosure/Short Sale Listings At Their Lowest Levels In The Charlotte Region Since 2015
Number Of Foreclosure/Short Sale Homes For Sale In The Charlotte Region At Their Lowest Levels Since 2015
Average Days On Market For Foreclosure/Short Sale Homes In Charlotte Region At Their Lowest Level Since 2015
Want to stay on top of foreclosure and short sale home listings in the Charlotte metro area?
Contact Carolinas Realty Partners and we'll send you a list of distressed properties as they come on the market.
This update on distressed property sales in the Charlotte region is brought to you by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Charlotte metro area residential real estate experts.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that: