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Luxury Housing Market Report For Greater Charlotte: December 2020

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Real Estate Agent with Coldwell Banker Realty
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Latest news on Greater Charlotte Region's luxury housing market and what it means for you...  

 

Charlotte Region's luxury homes real estate market continued to strengthen in December 2020 compared with December 2019, despite the ongoing pandemic.

 

For homes priced above $750,000, the Charlotte region saw both higher pending and closed sales, in spite of a 33.2% decline in inventory.  Days on market, both average and median, also were down year-over-year, as was the months supply of inventory. Luxury home sellers continued to see a higher sale price as a percent of listing price, as well.

 

   

Charlotte Region Luxury Homes Real Estate Report December 2020    

 

 

Luxury Housing Market Snapshot:

Greater Charlotte Region December 2020:

  • Homes Sold: 228 in December 2020, up 75.4%, versus 130 in December 2019.

  • Pending Sales: 132 in December 2020, up 67.1% versus 79 in December 2019.

  • New Listings: up 32.3% to 131 in December 2020 versus 99 in December 2019.

  • Inventory of Homes: down 33.2% to 516 in December 2020 versus 772 in December 2019.

  • Months Supply of Homes:  down 46.8% with 2.5 months supply of homes in December 2020 versus 4.7 months supply in December 2019.

  • Average Days on Market: 51 days in December 2020 versus 72 days in December 2019. 

  • Median Days on Market: 23 days in December 2020 versus 34 days in December 2019.

  • Average Sale Price: up 15.4% to $1,243,237 in December 2020 versus $1,077,229 in December 2019.

  • Median Sale Price: up 12.8% to $1,037,722 in December 2020 versus $925,000 in December 2019.

  • Median % Of List Price Received: up 1.5% to 97.5% in December 2020 versus 96.1% in December 2019.



Want to know what this would mean for your family if you decide to buy or sell a Charlotte region luxury home?

We can help. Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.     

 

 

MEDIAN SALE PRICE TRENDS FOR LUXURY HOMES IN THE CHARLOTTE REGION

 

  

 

 

 

LOOKING FOR YOUR LUXURY DREAM HOME IN THE CHARLOTTE AREA? 

 

Search For Luxury Homes In Charlotte Region

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

BUYERS ARE FINDING MORE SPACE IN THE LUXURY HOME MARKET

 

 WONDERING WHAT YOUR GREATER CHARLOTTE HOME IS WORTH IN TODAY'S MARKET? 

 

What's My Home Worth?  

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE 

 

 

 

This Greater Charlotte luxury housing market update for December 2020 is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte metro area residential real estate experts serving Greater Charlotte luxury home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a luxury home in the Greater Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

   

 

Read the original article at www.GreatHomesInCharlotte.com

 

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 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
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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 (20)
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Your photo defines luxury. Suburban Chicago luxury above a million is on fire. Unfortunately the downtown properies over a million are in the tank and sinking. Enjoy your day.

Jan 25, 2021 04:56 AM
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Hi Nina Hollander 

Luxury market appears strong there in Charlotte

Happy Selling!

Brad

Jan 25, 2021 04:57 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, I see an increase in the number of sales in the luxury homes in my area as well. I think one of the factors is that we have many who are moving to Central FL from the Northeast.
Those looking to buy or sell a luxury home in the Greater Charlotte area should call you for an outstanding home buying/selling experience.  

Jan 25, 2021 05:03 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

If it's your time to move up to luxury living in the Greater Charlotte housing market, the best choice would be to work with Nina Hollander. You won't be disappointed!

Jan 25, 2021 05:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... I suspect the Chicago situation is being replicated all over the country in large cities.

Jan 25, 2021 05:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brad Thomsen good morning again, Brad... our luxury market was moribund for a long time after the Great Recession... good to see it so strong now.

Jan 25, 2021 05:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay good morning, Beth... as we see people abandoning large cities all around the country, I suspect we'll be seeing more demand for high-end properties in markets like ours where luxury homes exist but are not our bread and butter in terms of total sales.

Jan 25, 2021 05:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks much, Sheila, for that endorsement. As I often tell people. I cut my teeth in real estate in NYC's luxury market. 

Jan 25, 2021 05:39 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

The upper luxury market in our area is the segment with the most inventory. And, even at that, less than we've seen in prior years.  In Clark County, California relo clients are most often the luxury home buyers for obvious reasons - our 2 million dollar home is quite different from what their used to seeing. 

Jan 25, 2021 07:51 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Our clients are reporting the same trend in luxury.  One of our clients just sold a $14 million dollar home, as the sellers were downsizing.  She also sold them a $3million dollar condo...A

Jan 25, 2021 08:18 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your outstanding local real estate reports.

Jan 25, 2021 08:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, love reading market updates, and especially the luxury sector, from other parts of our country.    Valuable report to those buyers and sellers contemplating a move.

Jan 25, 2021 11:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... it doesn't seem that long ago that our luxury market had 24 months of inventory and now it's down to 2.5 months. Hard to wrap one's mind around such a sea change.

Jan 25, 2021 12:28 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... $14 million homes and $3 million condos are not something we see here in the Charlotte area... but the trends are the same. 

Jan 25, 2021 12:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy, for stopping by. Trust your week has gotten off to a good start... mine less so... our neighborhood lost power this morning around 11am and it just came back on half an hour ago. Really put me behind.

Jan 25, 2021 12:30 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Your market report that even with less inventory to push prices are higher and DOM on market is less.  Th luxury home market of Charlotte is also a seller's market.

Jan 25, 2021 12:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... it wasn't that long ago that our luxury market was a buyer's market... not any more!

Jan 25, 2021 12:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... one thing I've noticed is that no matter how much one might blog about market conditions, people talk to me about headlines they see in their newspapers.

Jan 25, 2021 05:09 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Everything is looking up except the inventory in your luxury Market update and there is nothing we can do about it Nina Hollander 

I hope you have a great week 😀

Jan 25, 2021 09:12 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... you're right about that... we can keep encouraging home owners who are thinking about selling to list their homes sooner rather than later... but at the end of the day, we can only "drum up" so much inventory. People sell when they are ready to do so.

Jan 26, 2021 05:24 AM
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