The Charlotte real estate market remains fairly stable with prices stabilizing, days on the market decreasing and list to sales price ratios improving.  What does this mean for buyers?  Savvy sellers are listing their homes more in-line with the current market conditions and are standing firm (94% average) with their list prices as they negotiate with their buyers.

As for sellers, your days on the market are improving significantly and as long as your list price is reflective of current market values, your home WILL sell!

Here are the real estate market statistics for the past 7 days in CHARLOTTE (homes and condos and ONLY in Charlotte proper):

SINGLE FAMILY HOMES

CLOSED SALES DATA:  128 single family homes in the Charlotte proper market were Closed this week:
List Price:  $207,788
Sales Price:  $195,320
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet: 2,194
Price Per SF:   $89.25
Average Days on the Market:  103

PENDING DATA: 204 single family homes in the Charlotte proper went into Escrow this week:
List price: $202,650
Avg. BR/BA:  3/2
91 Average days on the market

(*Above data includes Charlotte city only.) Contact us for more specific community sales and market statistics.

Charlotte City Condo Market Data:

CLOSED SALES DATA:  40 total properties Closed this week
List Price:  $197,806
Sales Price:  $186,406
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet:  1,530
Price Per SF:   $121.83
Average Days on the Market:  151

PENDING DATA: 66 total properties went into Escrow
List price: $212,808
Avg. BR/BA:  2/2
Average SF:  1,530
145 Average days on the market

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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Myers Park Real Estate Market Absorption Trend Charlotte NC 

Myers Park is known as the destination neighborhood for the affluent and remains one of the most beautiful areas in the city.  The massive oak trees line the streets, enveloping passersby and residents in pure luxury, stately homes and gorgeous architectural history. Take a tour of Charlotte’s most sought-after street, Queens Road and several of the Queen City’s original mansions, including the Duke Mansion.

The Myers Park real estate market report for October, 2011 is showing a positive turn in the amount of sales but, with sales prices stabilizing at this date.  Sellers are noticing fewer days on the market and list to sales prices of approximately 92%.  There are buyers out there and if the price is right, the homes sell in Myers Park!  Here are the most recent stats:

Search All Homes for Sale in Myers Park by Map

Read more: http://www.icharlotterealestate.com/charlotte-nc-real-estate-market-report-myers-park-oct-2011/#ixzz1cEKYYnkR

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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What’s the Real Estate Market Doing in Midwood?

Plaza Midwood is full of rich history yet, urban and hip.  Established in the early 1900’s, Midwood was developed along the trolley line that ran from Charlotte’s then, Downtown, along Central Avenue.  Suffering during the 60’s and 70’s, in serious decline, concerned residents established the Plaza Midwood Neighborhood Association.  The community began to be refurbished and residents worked diligently to improve the appearance of the area and revitalized Plaza Midwood in style.

Midwood continues to defy the market, with swift sales and continued buzz about this popular community.  Many Uptown residents are finding Midwood the perfect blend of walkability and suburban lifestyle.  With many shops, bars and restaurants within walking distance as well as a quick (under 5-minute) drive to Uptown, Midwood’s location is one of the best in the city.

Market absorption trends can help buyers and sellers alike clarify the true Midwood real estate market.

There is a 9-month supply of homes for sale in Midwood.  Despite the sales and showings in the area, the community remains a buyers’ market.  Average price per square foot is at around $148.00 and the average days on the market at 124 for active listings, selling at day 141 at 93% list to sales price.

Also included are the distressed sale data for Midwood.  Only 2 homes that are distressed sold over the past year, both selling at higher list to sales price ratio and at a higher than normal resale value.  Resales are a better ‘bargain’ for buyers in this community.

If you’re searching homes for sale in Midwood, click here for all available listings in the Midwood community.

Read more: http://www.icharlotterealestate.com/midwood-charlotte-nc-real-estate-market-report-10232011/#ixzz1beq1pb7t

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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WOW!  Another fast and furious week in the Charlotte real estate world--Or should I say month?!  Savvy Charlotte home buyers and sellers logged *157 Closings this past week (up 33 from last week) and 239 homes have gone into Escrow, showing a positive movement towards the real estate recovery--every small step is a positive step forward in the recovery process!

Pending sales and closed sales data reveal that list to sales prices are remaining above 90%, where Charlotte's real estate market hovered for quite some time.  Whether sellers are listing closer to market value, which previously wasn't happening, or they are standing their ground in negotiations, this remains a positive for home sellers.  Average Charlotte home sales prices remain flat, which coupled with all-time lows in mortgage interest rates, gives Charlotte home buyers the advantage in this real estate market.

PENDING DATA / CLOSED SALES DATA FOR SINGLE FAMILY HOMES:
List Price:  $211,622
Sales Price:  $198,769
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet: 2,148
Price Per SF:   $92.53
Average Days on the Market:  116

List price: $191,469
Heated square feet:  2,128
100 Average days on the market

(*The above data includes Charlotte city and single family homes only.)  Contact us for more specific community sales and market statistics.

Below are the Closed sales and pending sales for the Charlotte City Condo Market:

CLOSED SALES DATA:  52 total properties Closed this week
List Price:  $165,425
Sales Price:  $154,793
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet:  1,496
Price Per SF:   $103.47
Average Days on the Market:  162

PENDING DATA: 67 total properties went into Escrow
List price: $190,585
Heated square feet:  1,506
124 Average days on the market

Congratulations to all Savvy buyers and sellers on their home purchases and sales this week!  Happy moving!

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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Charlotte home buyers and sellers have been busy, busy during the final week of August!   More Closings this week and more homes have gone into Escrow, showing a significant positive movement towards the real estate recovery in almost every area.  Below are up-to-date stats on regional home sales:

CHARLOTTE SINGLE FAMILY HOME SALES:

Charlotte:       221
Concord:           27
Cornelius:         11
Davidson:           7
Fort Mill:           25
Huntersville:    38
Indian Trail:     13
Matthews:        17
Waxhaw:          16
Weddington:     0

ESCROWED CHARLOTTE SINGLE FAMILY PROPERTIES IN LAST 7 DAYS

Charlotte:      293
Concord:          29
Cornelius:        22
Davidson:          6
Fort Mill:          21
Huntersville:   29
Indian Trail:    13
Matthews:        26
Waxhaw:         16
Weddington:    2

Many areas showed incredible movement across the region, some with more than double the Closings this week than the previous week. Congratulations to all Savvy buyers and sellers across the Charlotte Metro area on their home purchases and sales this week!  Happy moving to you! If you’re a Charlotte home buyer, currently searching for homes for sale in the Charlotte area, don’t miss our open houses this weekend.  Be sure to take good notes on each home you view so that you will remember particulars about that specific home.  If you’re looking to sell your Charlotte home, Savvy’s marketing plan is like NONE OTHER in the city!  Check out our websites, Facebook pages and unsurpassed internet exposure that we provide for all of our sellers–you’ll find that there is just no other option available that compares! Below is the Charlotte scoop for the week.  Here's to a wonderful long, Labor Day weekend…

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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Charlotte NC Real Estate News | Savvy + Company Report | Week Ending 8/26/2011

Great news across Charlotte for home buyers and sellers!   More Closings this week and more homes have gone into Escrow, showing a significant positive movement towards the real estate recovery.  Below are up-to-date stats on regional home sales:

CHARLOTTE SINGLE FAMILY HOME SALES:

Charlotte:        159
Concord:           18
Cornelius:         10
Davidson:           7
Fort Mill:           19
Huntersville:     13
Indian Trail:      11
Matthews:         14
Waxhaw:           11
Weddington:       0

ESCROWED CHARLOTTE SINGLE FAMILY PROPERTIES IN LAST 7 DAYS

Charlotte:       287
Concord:            5  
Cornelius:        10 
Davidson:          9
Fort Mill:          19
Huntersville:    34
Indian Trail:     15
Matthews:        28
Waxhaw:          20
Weddington:      1

What does this mean for Charlotte's real estate recovery?  

Many areas showed marked movement across the region, some with more than double the buyers going into Escrow this week, than the number of recorded Closings!  Congratulations to all SAVVY buyers and sellers across the Charlotte Metro area on their home purchases and sales this week.  Happy moving to you!

I'd like to specifically congratulate my sellers at 1800 Smarty Jones Drive on their luxury home sale, accomplished in 8 days! Another 'quick' sale in Willowmere on Arborhill Road--2 days!  If you price it right, it WILL sell! If you’re a Charlotte home buyer, currently searching for homes for sale in the Charlotte area, don’t miss our open houses this weekend.  Be sure to take good notes on each home you view so that you will remember particulars about that specific home.  If you’re looking to sell your Charlotte home, Savvy’s marketing plan is like NONE OTHER in the city!  Check out our websites, Facebook pagesand unsurpassed internet exposure that we provide for all of our sellers–you’ll find that there is just no other option available that compares!

Here’s the Charlotte scoop for the week.  Have a wonderful weekend…  

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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Uptown Charlotte North Carolina Real Estate Market Report, May 2011 (Condos Only)

The history of Charlotte's Uptown began at the junction of Trade & Tryon Streets, being the center of the 'village' where the original Indian paths crossed, creating the city's main arteries.  Then, 100 acres were deemed 'Downtown.'  Now, 220 acres of blocks around the 'square' (the center of the city) were laid out in a nearly perfect grid of blocks, each being approximately 400 feet long and is referred to as Uptown.  

Take a look into YOUR future with a view of Charlotte's impressive Uptown skyline--be a part of our ever-changing, ever-growing home.  We'd love to have you!  Search for homes in Uptown

Below is the current market absorption trend for all of the Uptown condo market, including all of the four wards in the Uptown Charlotte area.  Average, tighter list:sale ratio demonstrates that sellers are pricing their Uptown condos more in-line with what the market will support in the area.  Days on the market continue to be nearly 4 months but, when priced correctly, the condos are moving in far less time.  A 7.5-month supply continues to reflect the buyers market that we're experiencing in Uptown but, is not nearly as tough as the 13-month supply of just one year ago.

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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Charlotte NC Real Estate Market Report - March 2010 - Written Contracts

The Charlotte NC Metro 7-county* area written business for this period: 3,283 Contracts; written business during last period: 4,382 Contract;  the resulting INCREASE in the number of written Contracts = 33.8%.

The decrease in months of supply of inventory has also shown positive indication that our market is stabalizing.  We do remain in a buyer's market in the Charlotte NC Metro market but, pricing is stabalizing and with DOM decreasing, months of supply decreasing and increased written Contracts, we're gingerly headed towards that coveted seller's market!

The statistics for the Charlotte NC Metro 7-county area include the counties of Mecklenburg, Union, York, Lancaster, Gaston, Iredell and Cabarrus. The 7 county stats are for single family homes only in these NC & SC metro counties.

For a comparable market analysis and a market absorption trend for your area, give us a call at (704) 491-3310 or email Debe@DebeMaxwell.com

 

      

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310

     

  

 

    

      

       

 

         

   

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