Charlotte Region Luxury Home Sales Increased 31.2% In August 2021

By
Real Estate Agent with Coldwell Banker Realty

Latest news on Charlotte Region's luxury housing market in August 2021 and what it means for you...  

 

Charlotte Region's single family luxury homes real estate market improved in August despite a 35.7% decline in inventory. This low level of inventory has not been seen in well over a decade. Days on market, both average and median, also were down significantly 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. Both median and average sales prices decreased somewhat year-over-year. It's hard to say if the decrease reflects a reduction in home values versus the price mix of homes sold in August 2021.

 

Earlier this year there was concern that luxury home buyers might "give in" to buyer fatigue and take a "wait and see" position as a result of frustrations caused by multiple offers, declines in inventory, and the lack of inventory. Thus far this does not appear to be the case and the luxury market remains a seller's market.

 

Charlotte Region Luxury Home Sales August 2021  

 

Luxury Housing Market Snapshot For Single Family Homes: Charlotte Region August 2021:

  • Homes Sold: 345 in August 2021, up 31.2% compared with August 2020.
  • Pending Sales: 320 in August 2021, up 15.5% compared with August 2020.
  • New Listings: 381 in August 2021 up 31.8% compared with August 2020.
  • Inventory of Homes: down 35.7% to 538 in August 2021 compared with August 2020.
  • Months Supply of Homes:  down 57.8% with 1.9 months supply compared with 4.5 months supply in August 2020 and 7.1 months supply in August 2019.
  • Average Days on Market: 23 days in August 2021 compared with 72 days in August 2020 and 66 days in August 2019.
  • Median Days on Market: 6 days in August 2021 versus 25 days in August 2020 and 46 days in August 2019.
  • Average Sale Price: down 2.5% at $1,145,510 in August 2021 compared with $1,174,917 in August 2020.
  • Median Sale Price: down 5.8% to $989,000 in August 2021 compared with $1,050,000 in August 2020.
  • Median % Of List Price Received: up 3.3% to 100% in August 2021 compared with 96.8% in August 2020.

 

The Most Expensive Home Sold In Charlotte Region In August 2021

The most expensive home sold in the Charlotte Region in August 2021 sold at $4,250,000 in Morrocroft Estates in South Park. Situated on just under one acre and built in 2014, the custom-built basement home featured 8,079 square feet of heated living area,  5 bedrooms, 6 full bathrooms, one half bathroom, chef's kitchen, an exercise room, a media room. The outdoor living space featured a large covered terrace with fireplace.

 

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

Curious about the real estate market in Greater Charlotte?

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MEDIAN SALE PRICE TRENDS FOR LUXURY HOMES IN THE CHARLOTTE REGION

  

 

LOOKING FOR YOUR LUXURY DREAM HOME IN THE CHARLOTTE AREA? 

 

Search For Charlotte Region Luxury Homes at GreatHomesInCharlotte.com

 

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

 

BUYERS ARE FINDING MORE SPACE IN THE LUXURY HOME MARKET

THE LUXURY MARKET IS ATTRACTING BUYERS IN 2021: FIND OUT WHY 

 

COLDWELL BANKER GLOBAL 2021 LUXURY INSIGHTS: THE REPORT

Coldwell Banker Luxury Home Report 2021  

 

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

 

What's My Charlotte Region Luxury 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 Charlotte region luxury housing market update for August 2021 is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte metro area residential real estate experts serving Charlotte area luxury home buyers and sellers for 20+ years. 

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

 "The Right Broker Makes All The Difference."

   

 

Read the original blog post at: www.GreatHomesInCharlotte.com 

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
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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 (30)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, amazing how many of your luxury homes have sold and prices are skyrocketing.

Sep 16, 2021 06:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... no real slowdown through the first 8 months of 2021... will be interesting to see trends for the last 4 months of the year.

Sep 16, 2021 06:18 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - new listings are up.  That is good news.  It should help a little.

Sep 16, 2021 07:10 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

What an excellent report on the luxury market in Charlotte.  Happy to hear you are closing on one and about to list another. A

Sep 16, 2021 07:28 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Sep 16, 2021 07:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... the increase in new listings unfortunately did nothing to truly alleviate inventory levels on the whole.

Sep 16, 2021 10:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... as long as homes are properly priced and marketed they are selling. I have seen some homeowners who stupidly insist on asking more than is reasonable because they've heard the market is hot.

Sep 16, 2021 10:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, as always, Roy, for stopping by and for the nice comment.

Sep 16, 2021 10:30 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your market is on fire and you're a big part of it!!!

Sep 16, 2021 12:15 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... wouldn't mind a bit of a cooling off, I can tell you that!

Sep 16, 2021 12:48 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - may all your hard work continue to pay off. Always & forever, I wish you the best. 

Sep 16, 2021 05:33 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

What caught my attention was the days on market and a slight decline in list price.  

Sep 17, 2021 12:17 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... as I said in my post the slight decline in price is less indicative of dropping home values than the particular price mix of homes that were listed at the time.

Sep 17, 2021 04:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks so much, Patricia... and you know I wish the same for you.

Sep 17, 2021 04:25 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Charlotte home buyers and sellers are sure to value your real estate market report, Nina.

Sep 18, 2021 01:33 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Nina, Thank you for sharing this real estate market report.  Buyers and sellers in your area will benefit from this report.  Wishing you continued success.

Sep 18, 2021 02:15 AM
Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

Nina Hollander, Broker wow, it looks like the luxury market is on fire. People should definitely call you if they're looking for an expert in Charlotte!

Sep 20, 2021 05:06 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thank you, Myrl, for stopping by. Hope your week is off to a great start!

Sep 21, 2021 04:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Matthew Klinowski, PA good morning, Matt... Charlotte on the whole is not a luxury market region... our media sale prices are in the $300,000's. But our luxury segment has been quite busy in the past year.

Sep 21, 2021 04:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob Crane good morning again, Bob... and thank you again for stopping by. It's always good to "see" you. Happy Tuesday.

Sep 21, 2021 04:44 AM