Charlotte Region Luxury Home Market: What Happened In April 2022

By
Real Estate Agent with Coldwell Banker Realty

Latest news on Charlotte Region's luxury housing market...

What happened in April 2022... 

What it means for you...  

 

Charlotte Region's single family luxury homes real estate market remained strong with continuing  low levels of inventory that have not been seen in well over a decade. Days on market, both average and median, also were down significantly year-over-year, as were 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 increased 4.6%, while average sales prices increased 3.6% year-over-year. 

 

Throughout much of 2021 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. This did not occur in 2021 and thus far this does not appear to be the case in 2022. The luxury market remained a seller's market.

 

CHARLOTTE REGION SINGLE FAMILY LUXURY HOUSING MARKET UPDATE:  APRIL 2022

Charlotte Region Luxury Home Sales Report For April 2022

 

Luxury Housing Market Snapshot For Single Family Homes: Charlotte Region April 2022:

  • Homes Sold: 183 in April 2022, up 22.8% compared with April 2021. The number of homes sold was up month-over-month.
  • Pending Sales: 232 in April 2022, up 18.4% compared with April 2021. Pending sales were up month-over-month.
  • New Listings: 293 in April 2022 up 14.5% compared with April 2021. New listings were up month-over-month.
  • Inventory of Homes: down 7.8% to 307 in April 2022 compared with April 2021. Inventory of homes was up month-over-month.
  • Months Supply of Homes:  down 16% with 2.1 months supply compared with 2.5 months supply in April 2021 and 8.2 months supply in April 2020. Months supply of homes was up 0.2 months over March 2022.
  • Average Days on Market: 17 days in April 2022 compared with 50 days in April 2021 and 57 days in April 2020. Average days on market were down 14 days month-over-month.
  • Median Days on Market: 3 days in April 2022 compared with 9 days in April 2021 and 10 days in April 2020.
  • Average Sale Price: up 3.6% at $1,569,845 in April 2022 compared with $1,515,891 in April 2021. 
  • Median Sale Price: up 4.6% at $1,357,500 in April 2022 compared with $1,297,444 in April 2021. 
  • Median % Of List Price Received: up 4.5% to 104.5% in April 2022 compared with 100% in April 2021. Median % of list price received was up 4.5% month-over-month.



THE MOST EXPENSIVE HOME SALE IN CHARLOTTE REGION IN APRIL 2022

The most expensive home sold in the Charlotte Region in April 2022 sold for $5,650,000 in Myers Park. This was a new construction home designed by Smith Slovik Residential Design Group and built by Mills Eloge Homes. Situated on .62 acres, the contemporary-style home featured six bedrooms, seven full baths, two half baths, 3-car garage, pool, outdoor fireplace, and outdoor shower.

 

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?

We can help.

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

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VIEW THE 2022 COLDWELL BANKER GLOBAL LUXURY MARKET INSIGHTS REPORT

Luxury Home Sales Report For 2022

 

AVERAGE 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 REGION LUXURY HOME IS WORTH IN TODAY'S MARKET? 

 

  Wondering About Your Charlotte Region's Home Value?

 

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 GREATER CHARLOTTE HOMES FOR SALE 

 

 

This Charlotte region luxury housing market update for April 2022 is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty,  Greater Charlotte 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
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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 (10)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. So many potential buyers so little supply. While some, for their own reasons, may sit on the sidelines, there are still plenty of buyers. So, the market will stay where it is for some time into the future. Enjoy your day.

May 09, 2022 05:00 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local real estate reports.

May 09, 2022 05:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... I just finished analyzing the April markets here in the Charlotte region... whether we are talking luxury or not... market still very tight and home prices setting new records.

May 09, 2022 05:19 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Monday morning, Roy, and thanks for popping by. Wishing you a wonderful week to come.

May 09, 2022 05:20 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's the luxury market that has surprised me most in the past 3 years since it has been booming as well.

May 09, 2022 06:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... same here... Charlotte has its share of luxury homes, but it is not predominantly a luxury market.

May 09, 2022 06:09 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina this is the one price range I would have expected to not have an inventory issue, but even in these high price home the inventory is scarce.

May 09, 2022 09:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... clearly, there are a lot of people out there with plenty of money to spend.

May 09, 2022 11:01 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

May 09, 2022 12:03 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks, Myrl, for popping by today. Wishing you a lovely new week ahead.

May 09, 2022 12:05 PM