Charlotte Region's Luxury Home Inventory Down To 1.2 Months: Dec. 2021

By
Real Estate Agent with Coldwell Banker Realty

Latest news on Charlotte Region's luxury housing market as of December 2021 and what it means for you...  

 

Charlotte Region's single family luxury homes real estate market remained solid in spite of a 36.7% year-over-year 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. Median home sale prices were down slightly at 3.4%, while average sales prices increased 0.4% year-over-year.

 

Earlier in the year there was concern that luxury home buyers might "give in" to buyer fatigue and take a "wait and see" position due to 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. December's increase in closed and pending sales year-over-year can be attributed to the increase in new listings and continued demand for luxury homes.

 

Luxury Home Sales Report For Charlotte Region: December 2021

 

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

  • Homes Sold: 302 in December 2021, up 30.7% compared with December 2020.
  • Pending Sales: 196 in December 2021, up 54.3% compared with December 2020.
  • New Listings: 167 in December 2021 up 26.5% compared with December 2020.
  • Inventory of Homes: down 36.7% to 373 in December 2021 compared with December 2020.
  • Months Supply of Homes:  down 57.1% with 1.2 months supply compared with 2.8 months supply in December 2020 and 4.7 months supply in December 2019. Months supply of homes was also down month-over-month.
  • Average Days on Market: 36 days in December 2021 compared with 52 days in December 2020 and 72 days in December 2019.
  • Median Days on Market: 8 days in December 2021 compared with 23 days in December 2020 and 34 days in December 2019.
  • Average Sale Price: up 0.4% at $1,245,979 in December 2021 compared with $1,240,849  in December 2020. Average sale price was also up month-over-month.
  • Median Sale Price: down 3.4% at $1,000,000 in December 2021 compared with $1,035,433 in December 2021. Median sale price was also up month-over-month.
  • Median % Of List Price Received: up 2.6% to 100% in December 2021 compared with 97.5% in December 2020.

 

The Most Expensive Home Sold In December 2021 In The Charlotte Region:

The most expensive home sold in the Charlotte Region in December 2021 sold for $6,000,000 in Quail Hollow overlooking the 14th fairway of the Quail Hollow Country Club. Situated on .80 park-like acres and built in 2004, the brick and stone estate home featured 9,106 square feet of heated living area on four levels, 5 bedrooms, 6 full bathrooms, 2 half bathrooms, grand foyer, chef's kitchen, stunning golf course views, expansive wine cellar, two offices/studies, interior elevator. The outdoor living space featured a covered balcony, an in-ground pool and hot tub, kitchen.  A 4+ car garage and golf cart garage provided ample parking.

 

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

 

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 December 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 (16)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon Nina,

What a comprehensive report on the luxury home for sale in Charlotte.  Nice call to action, and hope it generates inquiries for you.  A

Jan 13, 2022 10:52 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Luxury homes like the one pictured get my imagination going (about us) and my mouth waters BUT I've gotten to the point where the house just doesn't matter Nina Hollander, Broker It's always going to be about the love in it and no number of walls will contain my love for you. 😌

Jan 13, 2022 11:17 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina 2022 is going to be a challenging year if inventory does not pick-up.

Jan 13, 2022 02:08 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... the luxury market is a very small segment of the Charlotte region's housing market and until this past year rarely found it hard to find inventory. Now I have a client interested in homes priced from $1.5 to $2.5 million and there is literally no inventory in the Waxhaw area.

Jan 13, 2022 02:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... since I spend a lot of time in my home and also work from home, what's inside my "four" walls is important to me. And when I was in the corporate world and travelled 50% of the time, it was important because I wanted to come home to a home I loved.

Jan 13, 2022 02:37 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto you said a mouthful, George! I'm working with several sets of buyers now prepared to spend $400K, $600K, $1.5+ million and can't find anything for them.

Jan 13, 2022 02:38 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

So again you have a very low level of inventory. This is a great market if you are a seller.

Jan 13, 2022 03:23 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina loved the photo and your post, speaking of Luxury homes  I should write about my market what the Luxury and Ultra Luxury homes are going for, Endre

Jan 13, 2022 10:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty good morning, Jeff... that low inventory in all price points in the Greater Charlotte area is really holding back sales.

Jan 14, 2022 04:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... I, for one, would love to see what your ultra luxury market is all about these days.

Jan 14, 2022 04:11 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's crazy to see reports that show that inventory is still dropping even though it has already been so low for a long time.

Jan 14, 2022 04:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... each year we say inventory can't get lower and yet each year that's exactly what seems to have happened.

Jan 14, 2022 04:51 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  remember the old days of inventory levels were 4 to 5 months.  Will not see that for awhile!

 

Jan 14, 2022 07:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... the days of 4-5 months of inventory are a distant memory for me here in Charlotte and I suspect that will remain a distant memory for a while still.

Jan 14, 2022 12:27 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 15, 2022 06:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... it seems like yesterday that we had two years of inventory in the luxury segment, not just a month.

Jan 16, 2022 05:50 AM