How’s the Charlotte Luxury Market?
I recently read an article in the Wall Street Journal, “Luxury Snaps Back,” naming Charlotte as one of the strongest luxury home markets in the nation. The article shared that nationally, Charlotte is recovering well and is one of the top ten cities in the nation for luxury home sales, with 17.7% of all sales now in the $1,000,000+ range.
How are luxury million dollar + homes really selling in the Charlotte real estate market? Following a rare 4 years of ‘slump’ in the Charlotte area, including a hefty percentage of distressed sales, luxury homes are showing growth and stabilization in the million dollar sector. Year-over-year Charlotte has seen a 7% increase in million dollar+ home sales in 2012 compared to 2011 with 47 luxury homes currently in Escrow already for 2013!
Charlotte NC Luxury Home Sales (Over $1M) Historical Data
*All Home Sales – Single Family and Condo/Townhome Information provided by CMLS deemed reliable but, not guaranteed
Million Dollar Home Sales in Charlotte Metro Region
The overall Charlotte residential real estate market recovery is extremely strong, currently suffering from a low inventory of homes for sale, multiple Offers on many properties and prices gradually rising, especially in the in-town areas.
Thinking of upgrading or downsizing? Charlotte’s million dollar real estate market is gaining momentum and now IS the time to make a move in the luxury market. If you’re thinking of selling, NOW is the time to beat that spring market competition. There ARE luxury home buyers out there looking right now and there will be even more in a couple of months–but, the inventory will increase as well as more Charlotte luxury home sellers begin to get spring fever!
Top Selling Charlotte Luxury Neighborhoods in 2012
If you’re thinking of buying a luxury home right now, you’re a Savvy shopper! The buyer competition is not nearly as strong as it will be in the spring–so, let’s go shopping for that Charlotte luxury home SOON!
If you’re thinking of selling your Charlotte luxury home, tour our site–see how WE market luxury in the Charlotte area. We think you’ll soon find out that no one markets luxury homes in the Charlotte area like we do! Give us a call at (704) 491-3310; we’d love to talk with you about marketing your luxury home in Charlotte NC!
©Debe Maxwell | Savvy + Company Real Estate | SavvyBroker@me.com | Luxury Snaps Back – Charlotte NC Luxury Homes Market Report