Charlotte Region Luxury Homes Market: What Happened In July 2022

By
Real Estate Agent with Coldwell Banker Realty

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

What happened in July 2022... 

What it means for you...  

Despite predictions of a significant market correction in 2022, Charlotte Region's single family luxury homes real estate market remained relatively strong year-over-year and continued to "hold its own" through July 2022.

 

Days on market, both average and median, were down year-over-year. Although the luxury market saw a solid increase in new listings year-over-year as well as in total inventory, closed and pending sales increased in July.  Home sale prices also increased. New listings dropped significantly month-over-month. Average sales prices increased year-over-year, but decreased month-over-month. Median home sale prices increased 1.2% year-over-year and decreased by just over $1,400 month-over-month.

 

The list to sale ratio increased year-over-year slightly, but decreased month-over-month. Buyer foot traffic remained steady year-over-year, decreasing slightly from 9.3 showings per home to 8.2 showings.

 

With the considerably lower days on market in July 2022 versus July 2021 and compared with June and May 2022, it would appear that luxury home buyers were anxious to purchase their homes and lock in their interest rates before rates rose further.

 

 

CHARLOTTE REGION SINGLE FAMILY LUXURY HOUSING MARKET UPDATE: JULY 2022

 

Charlotte Region Single Family Home Luxury Housing Market Report July 2022

 

FOR MORE DETAILS ABOUT CHARLOTTE'S LUXURY HOME SALES IN JULY 2022, CLICK HERE 

 

THE MOST EXPENSIVE HOME SOLD IN THE CHARLOTTE REGION IN JULY 2022

The most expensive home sold in the Charlotte region in July 2022, sold for $6,450,00 in Huntington Park in south Charlotte. Built on 2.0 acres in 2005, this was a 9,822 square foot, custom built home. The home featured six bedrooms, eight full bathrooms, two half bathrooms, 1,518 square foot second living quarters with a kitchenette and laundry, and an outdoor kitchen and fireplace, as well as an in-ground pool, and 3-car garage with a home gym above it.

 

 

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.

There’s absolutely NO OBLIGATION

A consultation with Carolinas Realty Partners is FREE.     

 

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”

 

LUXURY HOMES REMAIN IN HIGH DEMAND IN 2022

 

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 July 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
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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 (12)

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

Nina, it does look like you are seeing a BIT of a shift, especially inventory.  We saw a huge increase in luxury listings last month.  Haven't looked at ours yet.

Aug 04, 2022 09:29 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Our luxury market is still strong but not generally selling at list or over list price. 

Aug 04, 2022 09:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... that's a good way to put it... a "bit" of a shift... it will be interesting to see what August brings us.

Aug 04, 2022 10:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Margaret Goss hi Margaret... we are still seeing 100% of list price on a median basis... how long that lasts remains to be seen. And it's definitely lower than in the past year.

Aug 04, 2022 10:07 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

With interest rates having dropped a bit, I wonder if you will not get an even bigger burst of business.

Aug 04, 2022 10:24 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I've heard that luxury home sales remain strong in other markets while there is a softening in the lower price ranges.  I wonder if that is because the buyers in that price range are cash buyers?

Aug 04, 2022 10:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Carol Williams hi Carol... cash might be part of the answer... but I am seeing the most price drops right now in homes priced over $600,000. 

Aug 04, 2022 10:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... hard to say... we know overall buyer traffic is down 10% as of June. Don't have July numbers as yet, but watching things carefully.

Aug 04, 2022 10:49 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 04, 2022 06:11 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Friday morning, Myrl... thanks for stopping by and wishing you a lovely weekend to come.

Aug 05, 2022 04:03 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Aug 05, 2022 07:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, Roy, for stopping by this Friday morning... wishing you an outstanding day!

Aug 05, 2022 07:24 AM